Page 991 - Economy & Policy News
India's coal production rises by 32.57% to 67.59 MT in June: Govt
At the same time, coal despatch increased by 20.69 per cent to 75.46 MT from 62.53 MT during June 2022 as compared to June 2021.
 "India's coal production rises by 32.57% to 67.59 MT in June: Govt")
Revenue deficit grant of Rs 7,183 cr released to 14 states: FinMin
Finance ministry on Wednesday released the fourth instalment of revenue deficit grant of Rs 7,183 crore to 14 states for the current fiscal.
 "Revenue deficit grant of Rs 7,183 cr released to 14 states: FinMin")
Government notifies host of procedural changes in GST rules
The changes were vetted by the Goods and Services Tax (GST) Council at its meeting last week
 "Government notifies host of procedural changes in GST rules")
Implementation of fuel consumption standards for vehicles likely from April
The statement said the continued compliance to fuel consumption standards shall be verified as per the procedure of conformity of production, outlined in the Automotive Industry Standard 149
 "Implementation of fuel consumption standards for vehicles likely from April")
Edible oil prices will soften by Rs 15/litre in a few weeks: Industry
Decision arrived at today during a meeting between industry players & officials
 "Edible oil prices will soften by Rs 15/litre in a few weeks: Industry")
Govt may drop proposal on discom delicensing after some states protest
The amendment pertains to delicensing of power distribution that would have paved the way for any company to supply electricity in an area, after necessary regulatory approval
 "Govt may drop proposal on discom delicensing after some states protest")
Centre sets out rules on disbursing Rs 1 trillion capex funds to states
Funds provided to the states under the scheme will be used for new and ongoing capital projects as well as for settling pending bills in them
 "Centre sets out rules on disbursing Rs 1 trillion capex funds to states")
RBI takes steps to attract foreign flows, says growth prospects stay strong
The RBI said Wednesday's measures were aimed at enhancing exchange inflows while ensuring overall macroeconomic and financial stability
 "RBI takes steps to attract foreign flows, says growth prospects stay strong")
Coal is the new pain point as India grapples with a massive import bill
Quite low in the pecking order of inbound consignments at one point, the fossil fuel today accounts for a third of the value of crude entering the country
State-owned GMDC to expand lignite production as demand increases
Company says 10 million tonnes production this year, sees gaining business from small businesses
 "State-owned GMDC to expand lignite production as demand increases")
Residential sales hit 9-year high in the first half of 2022: Knight Frank
The rise in sales is despite the overall prices of residential property rising over time. Prices, according to Knight Frank, increased across all markets in the range of 3 per cent - 9 per cent YoY
 "Residential sales hit 9-year high in the first half of 2022: Knight Frank")
What RBI's letter to govt on missing inflation target is likely to contain
Failure to keep inflation between 2-6% for three straight quarters will require RBI Governor to explain to FinMin why target was missed, and steps MPC will take to achieve it going forward
 "What RBI's letter to govt on missing inflation target is likely to contain")
Govt asks cos to cut MRP of edible oils by up to Rs 10/litre within a week
Companies have been asked to maintain uniform MRP across the country for same brand of edible oils, says Food Secretary
 "Govt asks cos to cut MRP of edible oils by up to Rs 10/litre within a week")
RBI's innovative approach to control the fall in rupee is commendable
The efficacy of the central bank's steps will be seen in the coming days
 "RBI's innovative approach to control the fall in rupee is commendable")
Proposed DESH law aims to grant SEZs greater flexibility, but will it work?
Some experts see significant positives, other believe problems associated with older policy will persist
 "Proposed DESH law aims to grant SEZs greater flexibility, but will it work?")
FinMin extends duty exemption on raw cotton imports till October 31
The finance ministry has extended the exemption of customs duty on raw cotton imports by a month till October 31.
 "FinMin extends duty exemption on raw cotton imports till October 31")
India's export curbs, tax hike to exacerbate global diesel, petrol shortage
India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline exports in the second half of the year
 "India's export curbs, tax hike to exacerbate global diesel, petrol shortage")
CVC withdraws guidelines on public procurement as Centre issues new manual
The move is aimed at having a single authoritative source of reference as procurement executives had complained of problems over the presence of guidelines by multiple organisations in this regard
 "CVC withdraws guidelines on public procurement as Centre issues new manual")
Housing sales in Jan-Jun at 9-year high in top 8 cities: Knight Frank
Delhi-NCR saw more than two-fold jump in sales to 29,101 units from 11,474 units, while sales of residential properties in Bengaluru grew by 80 per cent to 26,677 units from 14,812 units
 "Housing sales in Jan-Jun at 9-year high in top 8 cities: Knight Frank")
India approved FDIs from 80 Chinese entities till June 29: Report
Out of 382 FDI proposals the central government received from Chinese firms, India approved 80 till June 29
 "India approved FDIs from 80 Chinese entities till June 29: Report")