Page 1903 - Economy & Policy News

Govt backs telcos in SC, seeks payment of AGR dues over 20 years

Adverse impact on the functioning of telecom companies will hurt economy and consumers, says telecom department.

Chhattisgarh govt in a fix; activists warn Dantewada-like action in Hasdeo

State government in process to scrap clearances for NMDC's iron-ore mine in Dantewada

NMDC reduces iron ore prices after poor demand from industries last year

Domestic steel prices fell during most of 2019 due to low demand from industries and a slowdown in the economy.

RBI says can't rule out any policy measure to counter coronavirus impact

RBI governor Shakikanta Das announces US dollar sell/buy swap and Long Term Repo Operation.

'Don't miss the March 31 deadline': I-T Dept on PAN-Aadhaar linking

The CBDT had also issued a notification amending I-T rules and inserted Rule 114AAA that stipulates the "manner of making permanent account number inoperative" for those who do not link the two by Mar

Will the RBI cut rates today? Fiscal boost also needed to battle slowdown

The Reserve Bank of India is expected to hold a media interaction later in the day today. It is widely expected that the central bank will cut rates and announce measures to boost sentiment.

WPI-based inflation eases to 2.26% in February against 3.1% in Jan

The food index-based inflation consisting of food articles and food products decreased from 10.12 per cent in January to 7.31 per cent in February

FinMin may cut interest rates on small savings schemes for April-June qtr

The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme

Statsguru: Oil price fall, coronavirus fear trigger global growth concerns

Fears that the spread of COVID-19 would push the global economy into recession have led to extreme risk aversion among investors

Centre to relook long-term power sale pacts between generators and states

PPAs are typically of 25-30 years duration. The ministry is designing a policy paper to dwell on the alternative for long-term PPAs.

YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in

Nifty, Bank Nifty funds will have to sell stock after index exclusion

CAIT writes to FM, seeks insurance cover for coronavirus-hit businesses

CAIT suggested that insurance companies may be mandated to introduce 'disruptions due to coronavirus' as an additional cover to fire and materials damage policies

Uttar Pradesh mandates 25% procurement from MSMEs by govt depts and PSUs

Fixes procurement sub-quota for MSMEs owned by women

2 Russian arms deals likely next week, weaponry worth $15 bn in pipeline

Weaponry worth $15 billion in Moscow pipeline, underlining Russia's status as India's premier arms supplier

Excise duty hike on petrol, diesel to add Rs 43,000 cr to govt revenue

Additional revenue will help govt meet its FY21 target of bringing down the fiscal deficit to 3.5% of GDP

Mobile phones to get costlier as GST rate hiked to 18% from 12%

GST Council asks Infosys to fix GSTN glitches by July

Industry and analysts denounce GST rate hike to 18% on mobile phones

Xiaomi MD says move could weaken demand as smartphone makers will be forced to raise prices

Gun and the City: Delhi leads spike in unlicensed arms across the country

Police data shows the number of illegal firearms confiscated in the Capital has doubled in just one year from 2017 to 2018

Roads and highways remain a rare bright spot in economic slowdown

But there have been some delays due to land acquisition and other issues

Jewellers squeezed over advance tax payments, sparse consumer interest

Customers are not buying gold though prices are now falling