Page 985 - Economy & Policy News
RBI allows settlement in rupee to settle trade with Russia, Sri Lanka
Move aimed to facilitate trade with Russia, Sri Lanka
 "RBI allows settlement in rupee to settle trade with Russia, Sri Lanka")
Parameswaran Iyer, who handled Swachh Bharat, takes charge as Niti CEO
Iyer, a 1981-batch IAS officer of Uttar Pradesh cadre, spearheaded the government's Swachh Bharat Mission to eradicate open defecation by constructing over 90 mn toilets in rural India
 "Parameswaran Iyer, who handled Swachh Bharat, takes charge as Niti CEO")
RBI's move to settle trade transactions in rupee timely: Exporters
Exporters said the move was a step towards acceptance of rupee as an international currency.
 "RBI's move to settle trade transactions in rupee timely: Exporters")
Recovery tracker: Mobility up, power generation dips as Covid cases rise
Number of flights declined; Indian Railways carried more goods, traffic on Delhi roads eased
 "Recovery tracker: Mobility up, power generation dips as Covid cases rise")
India to overtake China as world's most populated country in 2023: UN
Economic impact: People's productivity will have to increase to support larger numbers, say experts
 "India to overtake China as world's most populated country in 2023: UN")
The emerging stress in imports: Surprisingly, it's coal more than oil
More than oil, as the demand for coal shoots up even further in the economy, it has become the new pressure point in the import basket of India
 "The emerging stress in imports: Surprisingly, it's coal more than oil")
GoM on GST Appellate Tribunal set up, to be headed by Dushyant Chautala
The Goods and Services Tax (GST) Council has set up a six-member group of ministers (GoM) to recommend necessary amendments required in the GST laws and other legal changes for setting up the GSTAT
 "GoM on GST Appellate Tribunal set up, to be headed by Dushyant Chautala")
Rupee falls to new low as US dollar index rises to fresh 20-year high
The domestic currency ended at 79.44 as against 79.25 at the previous close
 "Rupee falls to new low as US dollar index rises to fresh 20-year high")
Sebi's market risk factor disclosures will generate detailed datasets: CPAI
Commodity Participant Association of India (CPAI) on Monday said capital markets regulator Sebi's planned move on market risk factor disclosures will generate detailed datasets.
 "Sebi's market risk factor disclosures will generate detailed datasets: CPAI")
DoT bars use of non-trusted telecom gear for network expansion
With effect from June 15, 2021, the licencee shall only connect trusted products in its network and also seek permission from designated authority for upgradation or expansion of existing network: DoT
 "DoT bars use of non-trusted telecom gear for network expansion")
Credit growth expected to improve aided by govt's push on public spending
Bank credit offtake is expected to pick up following normalisation of economic activities aided by the government thrust on public expenditure in current fiscal year, a report said.
 "Credit growth expected to improve aided by govt's push on public spending")
'India Inc staring at 3rd consecutive qtr of profit margins squeeze in Q1'
India Inc is staring at the third consecutive quarter of a year-on-year drop in profit margins for the April-June 2022 period, a Crisil Ratings arm said on Monday.
 "'India Inc staring at 3rd consecutive qtr of profit margins squeeze in Q1'")
RBI forms arrangement for settling trade payments in rupees
It has been decided to put in place an additional arrangement for invoicing, payment & settlement of exports/imports in INR, says RBI
 "RBI forms arrangement for settling trade payments in rupees")
Amid falling global prices, edible oil players see demand uptick
Inflationary trends led by edible oil prices had hurt both household and industrial demand for soft and hard oils in Q1
 "Amid falling global prices, edible oil players see demand uptick")
Northeast Frontier Railway records 28% growth in freight in Q1 FY23
NFR loaded 0.910 MT during the month of June, 2022. This is an increase of 7.9 per cent as compared to the corresponding period of last year, a spokesperson said on Monday
 "Northeast Frontier Railway records 28% growth in freight in Q1 FY23")
CBIC to issue SOP for GST summons to stop harassment of businesses
The new SOP will make officials more accountable and will also make the entire process transparent
 "CBIC to issue SOP for GST summons to stop harassment of businesses")
India's retail inflation likely held steady just above 7% in June: Poll
The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual 7.03% in June, versus 7.04% in May
 "India's retail inflation likely held steady just above 7% in June: Poll")
June fuel consumption rises 17.9% YoY as demand hits pre-pandemic levels
Consumption of fuel, a proxy for oil demand, totalled 18.67 million tonnes, data from the Indian oil ministry's Petroleum Planning and Analysis Cell showed
 "June fuel consumption rises 17.9% YoY as demand hits pre-pandemic levels")
Farm to Fork: High prices of food staples a boon for farmers in India
The first of a four-part series highlights the impact of rising food prices on farmers' income
 "Farm to Fork: High prices of food staples a boon for farmers in India")
Centre likely to remove 10% shareholding cap for individuals in PSBs
Removal of threshold may allow PE firms to own over 10% stake in state-run banks
 "Centre likely to remove 10% shareholding cap for individuals in PSBs")