Page 983 - Economy & Policy News
Faster security clearance of bidders on cards for PPP port projects
Under this, prominent players and regular bidders in government tenders would not need to go through repeated clearances under normal circumstances
 "Faster security clearance of bidders on cards for PPP port projects")
Udan spreads wings, Delhi-Shimla and Kolkata-Deoghar among new routes
Delhi-Shimla route is among nine that airlines plan to launch in the next 50 days under the civil aviation ministry's Udan scheme
 "Udan spreads wings, Delhi-Shimla and Kolkata-Deoghar among new routes")
Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data
Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback
 "Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data")
Ministerial group meeting on online gaming inconclusive over legal issues
Next meeting likely in New Delhi by month end; final report by August 10
 "Ministerial group meeting on online gaming inconclusive over legal issues")
Govt's targeted steps minimised impact of inflation-led prices on poor: FM
Quotes UNDP report on cost of living crisis in developing countries, says inflation, supply chain disruptions, Ukraine war will push zero per cent of India's population below poverty line
 "Govt's targeted steps minimised impact of inflation-led prices on poor: FM")
India may face tech, logistical snags as it tries to explore CNG imports
The government's draft policy encouraging imports in compressed form over LNG ignores major technological and logistics hurdles
 "India may face tech, logistical snags as it tries to explore CNG imports")
India's current account deficit likely to touch $105 bn this fiscal: Report
In the report on Tuesday, Bank of America (BofA) Securities revised upwards its Current Account Deficit (CAD) forecast by 0.4 percentage points for this financial year.
 "India's current account deficit likely to touch $105 bn this fiscal: Report")
India's manufacturing exports may touch $1 trillion by FY28: Bain
The six sectors driving export growth will be chemicals, auto, electronics, pharmaceuticals, textiles and industrial machinery
 "India's manufacturing exports may touch $1 trillion by FY28: Bain")
India's retail inflation eases marginally in June, but rate hike on cards
The RBI has the mandate to ensure that inflation remains at 4%, with a margin of 2% on either side
 "India's retail inflation eases marginally in June, but rate hike on cards")
GST: GoM to finalise report on casinos, online gaming by Aug 10
The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10.
 "GST: GoM to finalise report on casinos, online gaming by Aug 10")
Pointed attack on inflation will need to continue, says FM Sitharaman
Her remarks came hours after official data showed that retail inflation in June stood at 7.01%. The print was lower than 7.04% recorded in May but still higher than RBI's comfort level of 6%.
 "Pointed attack on inflation will need to continue, says FM Sitharaman")
Govt unearths leakages of Rs 100 crore in urea usage in two months
Per year, about 1-1.2 million tonnes of urea meant for farming gets diverted towards industrial use, say officials
 "Govt unearths leakages of Rs 100 crore in urea usage in two months")
Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%
Industrial production growth zoomed to 19.6% in May, as per the National Statistical Office (NSO) data.
 "Top headlines: Retail inflation eases to 7.01% in June; May IIP grows 19.6%")
Retail inflation marginally eases to 7.01% in June; IIP grows 19.6% in May
CPI inflation stays well above the Reserve Bank of India's tolerance limit for sixth consecutive month
 "Retail inflation marginally eases to 7.01% in June; IIP grows 19.6% in May")
Office leasing up after Covid waves, IT sector leads in occupancy: Reports
Bengaluru leads in lease transactions and it is followed by Delhi-NCR, Mumbai, and Chennai
 "Office leasing up after Covid waves, IT sector leads in occupancy: Reports")
Ahead of inflation data, understanding how CPI is linked to RBI and markets
The Reserve Bank of India (RBI) hiked the benchmark interest rate, or repo rate, in May and then in June to control demand and liquidity in the economy, bringing CPI down
 "Ahead of inflation data, understanding how CPI is linked to RBI and markets")
Several trains services cancelled in Vadodara division after water-logging
Due to the washout of tracks between the Dabhoi and Ekta Nagar stations of Gujarat's Vadodara division, several western railways trains scheduled for Tuesday have been cancelled
 "Several trains services cancelled in Vadodara division after water-logging")
Rupee settlement to help India trade with Russia, Iran and others: Experts
On Monday, the Reserve Bank of India said it had put in place a mechanism for international trade settlements in Indian rupees (INR) with immediate effect
 "Rupee settlement to help India trade with Russia, Iran and others: Experts")
Neighbours, Russia can help convert 16.38% of India's trade into rupees
The rupee's use in trade settlement would help the RBI in conserving foreign exchange. India's forex reserves have fallen by more than Rs 1 trillion since the outbreak of the Russia-Ukraine war
 "Neighbours, Russia can help convert 16.38% of India's trade into rupees")
Govt may ask Twitter, Facebook to explain low compliance to notices: Report
The IT ministry will review actions taken by significant social media intermediaries, both voluntarily and in response to official notices in India as well as other nations
 "Govt may ask Twitter, Facebook to explain low compliance to notices: Report")