Page 987 - Economy & Policy News
IBA seeks bids from advisory firms for designing PSBs development programme
Industry body IBA has invited bids from advisory firms and institutes to design and deliver a leadership development programme for public sector banks (PSBs)
 "IBA seeks bids from advisory firms for designing PSBs development programme")
'Smokeless' LPG bringing tears to eyes as prices rise 30% in one year
LPG rates this week were hiked by Rs 50 per 14.2-kg cylinder, taking the total increase in last one year to Rs 244 or 30 per cent.
 "'Smokeless' LPG bringing tears to eyes as prices rise 30% in one year")
Inflation may ease gradually in 2nd half of fiscal, says RBI Governor Das
Inflation is a measure of the trust and confidence that the public reposes in the economic institutions of the country, Das said while speaking at the inaugural Kautilya Economic Conclave
 "Inflation may ease gradually in 2nd half of fiscal, says RBI Governor Das")
Panel on GST Appellate Tribunal formed, to submit report by month-end
The 6-member GoM would also ensure that the amendments are in line with various court judgements relating to setting up the tribunal
 "Panel on GST Appellate Tribunal formed, to submit report by month-end")
Govt extends export period for 800,000 tonnes of sugar to July 20
Last month, the world's biggest producer of the sweetener gave its mills until July 5 to export the sugar, but some mills missed doing so because of heavy rains
 "Govt extends export period for 800,000 tonnes of sugar to July 20")
Maharashtra leads states with 13,541 govt-recognised startups: DPIIT data
Total number of approved startups at 73,205; Maharashtra's share is 18%
 "Maharashtra leads states with 13,541 govt-recognised startups: DPIIT data")
Will easing farm commodity prices provide room to RBI to pause rate hikes?
While the govt has introduced windfall tax and export curbs to arrest runaway prices, a lot depends on how the monsoon pans out this season
 "Will easing farm commodity prices provide room to RBI to pause rate hikes?")
Kharif sowing drags despite pick up in rains; paddy worst-hit with 24% drop
IMD's latest update says active monsoon conditions over central India and along the west coast could continue for five days starting. It sees a rise in rainfall over Northwest India on July 9-10
 "Kharif sowing drags despite pick up in rains; paddy worst-hit with 24% drop")
States to get matching amounts from Centre for SPSEs' privatisation
The Centre has allocated Rs 5,000 crore for disinvestment of SPSEs and asset monetisation
 "States to get matching amounts from Centre for SPSEs' privatisation")
Govt issues corrigendum to withdraw excise on ATF for international flights
Indian Oil had begun levying 11% duty following a govt notification; ATF accounts for 40% of an airline's operating expenses
 "Govt issues corrigendum to withdraw excise on ATF for international flights")
Railway asset monetisation through Rs 18,000 cr InvIT unlikely in FY23
Both the finance ministry and Union cabinet have recently come down heavily on railways and asked it to expedite its monetisation efforts
 "Railway asset monetisation through Rs 18,000 cr InvIT unlikely in FY23")
Cabinet pulls up infra ministries to expedite port connectivity projects
Cabinet Secretary Rajiv Gauba also asked the ministries to finalise a comprehensive action plan in coordination with DPIIT and integrate it with PM Gati-Shakti framework by Aug 15
 "Cabinet pulls up infra ministries to expedite port connectivity projects")
India needs to grow 8-10% in next 25 yrs to create more jobs: Singapore min
"You need the productive growth because it's the only way in which incomes are going to grow but you need a lot more job growth and it can be achieved," he said.
 "India needs to grow 8-10% in next 25 yrs to create more jobs: Singapore min")
Japan accounted for more than a tenth of India's FDI under Abe's tenure
During Abe's tenure, Japan had announced support for a number of major projects
 "Japan accounted for more than a tenth of India's FDI under Abe's tenure")
India's June fuel consumption rises by 17.9% YoY at 18.67 mn tonnes: Govt
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.
 "India's June fuel consumption rises by 17.9% YoY at 18.67 mn tonnes: Govt")
Maharashtra's electricity users to pay more as fuel adjustment charges rise
Nearly all the electricity users across categories in Maharashtra will be paying more for every unit of electricity they consume over the next four months, power utilities said on Friday.
 "Maharashtra's electricity users to pay more as fuel adjustment charges rise")
Sebi proposes insider trading rules applicability in mutual fund dealings
Capital markets regulator Sebi on Friday proposed the applicability of insider trading rules to dealing in mutual fund units to initiate enforcement actions against those who misuse non-public info
 "Sebi proposes insider trading rules applicability in mutual fund dealings")
Boeing delivers 150th Poseidon maritime recce aircraft after first in 2013
In the 450,000 mishap-free hours the Poseidon has flown, it has been acknowledged as the world's most fearsome submarine hunter
 "Boeing delivers 150th Poseidon maritime recce aircraft after first in 2013")
Sale of machine made or polyester national flag exempt from GST: FinMin
Hand-woven, hand-spun national flags made of cotton, silk, wool or Khadi are already exempt from GST.
 "Sale of machine made or polyester national flag exempt from GST: FinMin")
Centre may allocate Rs 44,000 cr to oil firms to compensate for LPG losses
The central government is planning to allocate Rs 44,000 crore as compensation to oil companies for losses they have been bearing by selling LPG at below-market rates, a report said
 "Centre may allocate Rs 44,000 cr to oil firms to compensate for LPG losses")