Page 1190 - Economy & Policy News
Uncertainty remains about new variants as global economy recovers: Gopinath
Gopinath further said the pandemic has been aggravated by the recent advent of the Omicron variant of coronavirus
 "Uncertainty remains about new variants as global economy recovers: Gopinath")
FM to hold pre-Budget meet with infra, financial sector players on Thursday
The two consultations with different stakeholder groups will be held virtually
 "FM to hold pre-Budget meet with infra, financial sector players on Thursday")
Govt expects Rs 1.7-trn investments in 4 years under semiconductor scheme
The Union Cabinet approved a Rs 76,000 crore policy boost for semiconductor and display manufacturing ecosystem
 "Govt expects Rs 1.7-trn investments in 4 years under semiconductor scheme")
Govt approves Rs 76,000-cr plan for semiconductor, display manufacturing
The move would further India's ambitions to be self-reliant in electronics manufacturing
 "Govt approves Rs 76,000-cr plan for semiconductor, display manufacturing")
Inflation spike: A dive into the long-term reasons throws up some surprises
Contrary to popular belief, food items aren't among the biggest culprits in this space; palm oil and cotton are two items that have done much more to disrupt the WPI numbers over time
 "Inflation spike: A dive into the long-term reasons throws up some surprises")
India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data
Imports too grew 42.57 per cent to $27.53 billion during the period under review, the data showed
 "India's exports rose 44% to $16.46 billion during Dec 1-14: Govt data")
Salaries of BSNL, MTNL staff paid till November: MoS Communications
For BSNL and MTNL, stiff competition and absence of 4G services (except in a few locations for BSNL) are eroding their competitive strength, the minister said
 "Salaries of BSNL, MTNL staff paid till November: MoS Communications")
Cabinet decision on semiconductors will boost innovation, manufacturing: PM
The Union Cabinet has approved a Rs 76,000-crore policy boost for semiconductor and display manufacturing ecosystem
 "Cabinet decision on semiconductors will boost innovation, manufacturing: PM")
High frequency indicators look upbeat, RBI officials on state of economy
A host of incoming high frequency indicators are looking upbeat and consumer confidence is returning gradually, an article on the state of economy written by RBI officials has observed.
 "High frequency indicators look upbeat, RBI officials on state of economy")
Domestic steel prices to soften 10-15% in 2022: S&P Global Platts
Domestic hot-rolled coil prices are expected to average Rs 53,550-56,700 a tonne in CY 2022. This compares with Rs 63,000 per tonne YTD in 2021, which is 58% higher than Rs 39,761 per tonne in CY2020
 "Domestic steel prices to soften 10-15% in 2022: S&P Global Platts")
Post-Covid, Gujarat dyes and agrochem sectors go for backward integration
Be it raw materials in fertilisers or crop protection, firms are adding plants or enhancing capacities to become self-reliant and looking to achieve multiple levels of backward integration
 "Post-Covid, Gujarat dyes and agrochem sectors go for backward integration")
States owned about Rs 4,750 cr as PMFBY premium subsidy dues till Rabi 2021
Delay on the part of states in releasing their share of premium subsidy under PMFBY has been a key reason for the delay in claim settlement over the years, the Centre informed Parliament
 "States owned about Rs 4,750 cr as PMFBY premium subsidy dues till Rabi 2021")
Industry players hail thrust on chip, display manufacturing in India
India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said this is a profound decision
 "Industry players hail thrust on chip, display manufacturing in India")
Top headlines: Rs 76k-cr scheme for semiconductors; RBI penalty on 2 banks
Business Standard brings you the top stories on Wednesday
 "Top headlines: Rs 76k-cr scheme for semiconductors; RBI penalty on 2 banks")
Total length of national highways up at 140,937 km till Nov-end: Gadkari
The minister said 49 projects in about 4,970 km costing about Rs 113,000 crore are in various stages of progress and are targeted for completion by 2023-24
 "Total length of national highways up at 140,937 km till Nov-end: Gadkari")
Govt approves implementation of PMKSY for 2021-26 to benefit 2.2 mn farmers
The scheme has a provision to fund 90% of water component for Renukaji and Lahkwar dams, which would eventually improve water supply to Delhi
 "Govt approves implementation of PMKSY for 2021-26 to benefit 2.2 mn farmers")
ICRA cuts growth forecast for passenger vehicle industry to 8-11% for FY22
For the two-wheeler segment, it said the volumes are expected to contract by 1-4 per cent in FY2022 against an earlier prediction of 6-8 per cent growth
 "ICRA cuts growth forecast for passenger vehicle industry to 8-11% for FY22")
India's GDP to grow 8.2% in FY23, RBI to hike rates by 100 bps: BofA
The low vaccination rates and the emergence of the Omicron variant were flagged as factors by the brokerage that are creating 'considerable uncertainty' for India's growth
 "India's GDP to grow 8.2% in FY23, RBI to hike rates by 100 bps: BofA")
Govt may not introduce cryptocurrency bill in ongoing Parliament session
Amid calls for more debate, Parliament's Winter Session, ending on December 23, is unlikely to take up the widely watched legislation.
 "Govt may not introduce cryptocurrency bill in ongoing Parliament session")
OMCs keep fuel prices unchanged across major Indian cities on Wednesday
The diesel and petrol rates in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively.
 "OMCs keep fuel prices unchanged across major Indian cities on Wednesday")