Page 963 - Economy & Policy News
5G spectrum bidding spills over to Day 3 for select circles
After 9 rounds of bidding, govt kitty from spectrum sale touches Rs 1.49 trillion
 "5G spectrum bidding spills over to Day 3 for select circles")
Sri Lanka Crisis: Are Indian states on the same path to economic distress?
The RBI, in a report in June 2022, said that several Indian states are posting worrisome numbers, mainly due to populist measures
 "Sri Lanka Crisis: Are Indian states on the same path to economic distress?")
Centre's capital expenditure outlay in Q1 could be close to Rs 1.5 trillion
It is in the July-September quarter (Q2) of FY23 that capex is expected to pick up, when a bulk of the long-term capex loans to states are expected to be expended
 "Centre's capital expenditure outlay in Q1 could be close to Rs 1.5 trillion")
Warehousing development law: Centre proposes more penalties
In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form
 "Warehousing development law: Centre proposes more penalties")
PM Modi to inaugurate regional centre of New Development Bank on July 29
The New Development Bank's regional office in GIFT City will identify projects with strong development impact
 "PM Modi to inaugurate regional centre of New Development Bank on July 29")
Govt likely to discuss price rise in Parliament next week, says report
Government has given indications that a discussion on price rise may be taken up next week in Parliament, sources in the opposition parties claimed on Wednesday.
 "Govt likely to discuss price rise in Parliament next week, says report")
ECGC to conduct special country rating review on surge in global inflation
There has been a sharp rise in prices of inputs impacting international trade after the Russia-Ukraine conflict early this year
 "ECGC to conduct special country rating review on surge in global inflation")
Sebi comes out with new guidelines on settlement of running account
Capital markets regulator Sebi on Wednesday came out with new guidelines on settlement of running accounts of clients' funds lying with stock brokers, to be applicable from October 1.
 "Sebi comes out with new guidelines on settlement of running account")
Sebi again extends deadline for commencing KYC record validation by KRAs
Capital markets regulator Sebi on Wednesday extended the deadline by three months to November 1, for commencing the validation of all KYC records by KYC Registration Agencies (KRAs).
RBI to go for 35 bps hike at next week's monetary policy meeting: Report
The Reserve Bank of India's rate-setting panel will go for a 0.35 per cent hike in the key repo rate at its meeting next week, an American brokerage said on Wednesday.
 "RBI to go for 35 bps hike at next week's monetary policy meeting: Report")
Govt receives bids worth Rs 1.49 trn in 5G spectrum auction so far
The ninth round of bidding is on, the Telecom Minister said
 "Govt receives bids worth Rs 1.49 trn in 5G spectrum auction so far")
Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession
IMF warns that risk is particularly prominent in 2023, and even small shocks could cause economies to stall
 "Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession")
Rail fracture on Mumbai's Harbour Line; local train services hit on 2nd day
Local train services on the Harbour Line in Mumbai were disrupted on Wednesday due to a rail fracture near Govandi station, a Central railway official said
 "Rail fracture on Mumbai's Harbour Line; local train services hit on 2nd day")
EPFO in a jam: Why meaningful pension reforms are not moving ahead
Instead of reforms, in many ways, 2022 is showing signs of walk back on pension reforms
 "EPFO in a jam: Why meaningful pension reforms are not moving ahead")
Cost to crop: What it will take for effective, transparent delivery of MSP
MSP's effective and transparent delivery has been part of multiple committees and reports. Many recommendations have been implemented and others put in cold storage
 "Cost to crop: What it will take for effective, transparent delivery of MSP")
Global economy in grips of serious slowdown, inflation surge to endure
The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year
Pak expected to secure $1.2 bn from IMF, may help ease pressure on currency
Pakistan's currency and bonds have been hammered this month as the specter of political uncertainty delaying IMF support for the nation unnerves investors
 "Pak expected to secure $1.2 bn from IMF, may help ease pressure on currency")
More than 100,000 British workers off sick with long Covid, earnings hit
Around 110,000 British workers are off sick with long Covid symptoms, costing them £1,100 ($1,320) in lost earnings at a time of an escalating cost of living crisis, new research shows
 "More than 100,000 British workers off sick with long Covid, earnings hit")
What is the DESH Bill?
The govt is likely to introduce the Development of Enterprise and Service Hubs (DESH) Bill in the upcoming monsoon session of Parliament. How will it overhaul the ecosystem of special economic zones?
 "What is the DESH Bill?")
Traffic surge at ports a sign of India's economic revival: Report
Both coal and crude oil grew 16 per cent year-on-year (YoY), accounting for 105 mt and 65 mt of traffic in the first quarter, even on the back of record high prices
 "Traffic surge at ports a sign of India's economic revival: Report")