Page 1701 - Economy & Policy News

Kerala rejects Govt's proposal of borrowing by states to meet GST shortfall

Kerala will reject "lock, stock and barrel" the Centre's proposal of borrowing by states to meet GST revenue shortfall, state finance minister Thomas Isaac said

Tamil Nadu CM urges Centre to revisit options on GST compensation

He asked the government to ensure that the states get their full dues of the compensation in the current year itself

Traffic, power generation and others weekly economic indicator insights

Although numbers are better than June, traffic growth is now stagnating in major cities and electricity generation is slipping even as pollution in the capital showed signs of falling again

What to expect from Q1 GDP data today? Here's what key indicators suggest

GDP data for the April to June quarter will reveal how badly the economy was hit by the coronavirus pandemic

US election provides New Delhi narrow window for trade deal with Washington

The U.S.-India trade relationship in the Trump era has been dismal - partly because Indian trade officials have been slower than their counterparts in Europe or even China

Once fastest-growing large economy, India faces steepest quarterly slump

Data due Aug. 31 will likely show GDP declined 19.2% in the quarter to June from a year ago

MoSPI data may rely on proxies, understate GDP shrinkage in Q1: Experts

Experts peg the GDP fall at up to 35%, but statistics office may calculate it at 15-16% due to unavailability of data for informal sector

Power equipment companies changing tack in push for green energy

The second of a two-part series talks about how stiff competition in thermal projects is forcing manufacturers to focus on renewable sector

As BPCL braces for privatisation, workers worry about their future

Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements

Statsguru: Down, yes, but how much? India's Q1 GDP data to reveal on Monday

As many as 13 out of 18 indicators analysed by Business Standard showed a contraction in Apr-Jun, ranging from services exports at a 10% clip, to domestic air travel with more than 90% fall

GST compensation row: FM's 'act of God' can be a nightmare for RBI

The government has invoked "act of God" for not paying its due to the states directly

States' fiscal deficit likely to hit 4.2-5.5% of GSDP this fiscal year

This may take the general deficit of the country-- both the Centre's and states'-- to 11-14 per cent of GDP in FY21

FM Sitharaman to hold review meeting with lenders on loan recast scheme

Most state-owned bank execs expect 5-7% of their loan books will require restructuring

Govt asks ministries to review performance of staffers aged over 50

Older, inefficient employees may be pushed into early retirement

BPCL consumers to get cooking gas subsidy after privatisation too

Move may open up subsidised LPG sector to private marketers

India seeks stronger rules of origin as it urges ASEAN for FTA review

New Delhi insists review process must start before 2020 end, pushes for removal of barriers in existing deal

Oppn-ruled states dismiss Centre's 2 options on GST compensation shortfall

Meet today to outline strategy on compensation

Govt should not be running airports and airlines, says Hardeep Singh Puri

"If the government runs an airport or an airline, then they have to follow the government rules like L1 and L2, and that is not how commercial entities can run," Puri said

Traders' body urges govt to probe Chinese investments in Indian startups

In a letter to Commerce and Industry Minister Piyush Goyal, CAIT shared a list of 141 prominent Indian startups claiming they have significant Chinese investments

PFRDA mulling launching minimum assured return-based pension scheme

The pension authority is in talks with pension funds and actuarial firms to work out the modalities of the proposed scheme, PFRDA chairman said