Page 982 - Economy & Policy News
Power to admit insolvency application not binding even when debt owed: SC
The bench said NCLT failed to appreciate the question of time-bound initiation and completion of corporate insolvency resolution process could only arise if companies were bankrupt or insolvent
 "Power to admit insolvency application not binding even when debt owed: SC")
The state-level political dynamics behind the windfall tax on fuel exports
Gujarat has the highest percentage of private oil pumps at 24%, followed by Rajasthan at 14.5%; the former will elect a new legislative assembly by this December, the latter, a year later
 "The state-level political dynamics behind the windfall tax on fuel exports")
How the RBI is creating conditions for foreign flows to come back to India
The RBI announced five measures on July 6 to further liberalise foreign exchange. The measures are aimed at creating a more enabling environment to attract dollars through banking deposits, ECB, FPI
 "How the RBI is creating conditions for foreign flows to come back to India")
CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome
If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem
 "CAD as percentage of GDP: Nowhere near 2012-13 level, yet worrisome")
India set to be self-sufficient in urea by 2025 even without help from nano
The commissioning of new plants is expected to bring down import dependency to less than half of current levels
 "India set to be self-sufficient in urea by 2025 even without help from nano")
Extending export credit in rupee can boost its acceptability: Experts
However, the rupee can truly become internationalised only when it becomes freely convertible on capital account, they say
 "Extending export credit in rupee can boost its acceptability: Experts")
Indian economy projected to grow 7.1-7.6% in current fiscal: Report
Indian economy is expected to grow 7.17.6 per cent in the current financial year despite shifting geopolitical realities across the world, a report said on Wednesday.
 "Indian economy projected to grow 7.1-7.6% in current fiscal: Report")
India's trade with crisis-hit Sri Lanka 'at standstill': Exporters
Exporters are very cautious because of the political crisis and payment issues: FIEO Vice-Chairman Khalid Khan
 "India's trade with crisis-hit Sri Lanka 'at standstill': Exporters")
Sale of online space for advertisement to attract 18% GST, says AAR
E-commerce portal Myntra Designs Pvt Ltd had approached the AAR seeking a ruling on whether providing advertisement space on its portal to foreign entity Lenzing Singapore Pte Ltd was liable to GST
 "Sale of online space for advertisement to attract 18% GST, says AAR")
Inflation in India to be about 5% by March 23, reveals SBI report
The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23
 "Inflation in India to be about 5% by March 23, reveals SBI report")
Eating out? Be prepared to shell out more as restaurants hike rates
High food inflation forces restaurants to hike prices; ban on service charge will likely lead to further increases in the prices of dishes on the menu
 "Eating out? Be prepared to shell out more as restaurants hike rates")
Pointed attack on inflation to continue, says FM Nirmala Sitharaman
The finance minister also foresees monsoon being favourable for agriculture. Production is expected to be good and rural demand is seen remaining intact
 "Pointed attack on inflation to continue, says FM Nirmala Sitharaman")
India preparing to submit new climate targets to UN ahead of COP27 talks
India's delay has been striking given Prime Minister Narendra Modi's surprise announcement at COP26 that his country would reach net-zero emissions by 2070
 "India preparing to submit new climate targets to UN ahead of COP27 talks")
Global energy crisis hastening end of fossil fuel dominance, says India
Renewables paired with energy storage are now cheaper than coal after the fuel's price surged in recent months, while fossil sources are also experiencing a lack of investment, RK Singh said
 "Global energy crisis hastening end of fossil fuel dominance, says India")
Will the rupee settlement plan be a game-changer for India?
India's central bank has announced a mechanism to settle international trade in rupee. This will make trade easier with countries facing US sanctions. Find out about the RBI's decision and its impact
 "Will the rupee settlement plan be a game-changer for India?")
Illegal phone-tapping case: ED seeks info from NSE on iSec Services
ED may register fresh money laundering case in the illegal phone tapping matter
 "Illegal phone-tapping case: ED seeks info from NSE on iSec Services")
India's retail inflation stays above 7%; IIP growth hits 12-month high
Electricity was the biggest driver of industrial output, rising 23.5%. Manufacturing output grew by 20.6%, while mining output grew by 10.9%
 "India's retail inflation stays above 7%; IIP growth hits 12-month high")
Centre wants to create framework for PPP in farm sector: Agriculture Secy
Manoj Sinha said work on the framework is ongoing, private players are encouraged to share their inputs
 "Centre wants to create framework for PPP in farm sector: Agriculture Secy")
Crackdown on urea diversion to plug Rs 6,000-crore subsidy leakage
In the last two-and-a-half months, the government has identified leakages worth Rs 100 crore through various covert operations
No indication about effect of UK PM exit on FTA talks: Piyush Goyal
In January, both countries formally launched talks for a free trade agreement to boost bilateral trade and investments
 "No indication about effect of UK PM exit on FTA talks: Piyush Goyal")