Page 1910 - Economy & Policy News

Parliament panel expresses concerns over dip in manufacturing sector FDI

It recommended the commerce department to take concerted efforts to increase the share of manufacturing sector in FDI inflows.

Highways a bright spot amid economic slowdown, but problems persist

While spending has been ramped up and work has continued apace in some marquee projects, there have been some delays due to land acquisition and other issues

Saudi Arabia announces plan to boost oil capacity by 1mn bpd amid price war

Brent crude was trading at $36.77 per barrel, down 1.2%, at 0733 GMT on Wednesday

Risks, and some rewards, as India does business in the times of coronavirus

China's loss in meeting US and European demand could help Indian leather, ceramics, and plastics. But gains will be short-term if the virus isn't contained quickly

FM Nirmala Sitharaman to meet bank CEOs to review merger preparedness

The meeting would deal also on readiness of anchor banks to minimise disruption to customers and ensuring credit flow to productive sectors of the economy

India 2019 thermal coal imports rise 12.6% to nearly 200 mn tonnes: Govt

India imported 51.33 million tonnes of coking coal in 2019, down from 51.63 million tonnes in 2018, the data showed

Coronavirus to rob business travel sector off $820 bn: Industry body

Business travel to Asia has been the worst hit, with at least three out of every four companies reporting they have canceled or suspended all or most business trips to China

India in talks with Commonwealth over funds to promote innovation, peace

Commonwealth Secretary General Baroness Patricia Scotland, who was in India on an official visit recently, said that one of the funds could be named after Sardar Vallabhbhai Patel

Coronavirus: Air freight rates skyrocket amid passenger flight cuts

About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters

Thermal plants' Jan load factor at 5-yr low as slowdown hits power demand

India Ratings and Research (Ind-Ra) has revised the power sector outlook to negative for financial year 2020-21 (FY21) from stable

AARs can determine place of supply under the GST regime: Kerala HC

This is an important settlement of a legal issue in GST since Authority for Advance Rulings have not been going into this matter, saying it is beyond their jurisdiction

Oil firms float fresh tender to procure 2.53 billion litres of ethanol

The new tender was floated because the first one for procurement of 5.11 billion litres of ethanol, issued in August last year, was vastly under-bid

OMCs, paints, cement firms to benefit as oil crash rebuilds hopes

The escalating coronavirus fear and price war between oil producing countries led to a sharp 23% one-day fall in crude oil prices on Monday

Indian cruises continue sail unperturbed amid coronavirus outbreak

The Indian cruise season typically runs from October through May with the final month being the busiest because of vacations

Hike in third-party motor insurance premiums not enough, say experts

With auto industry struggling, non-life insurance firms seeing muted growth

Lower crude regime likely to dampen capex plan of upstream companies

A sustained drop in crude oil prices will affect the capital expenditure plans of ONGC and OIL

Coronavirus cases in India cross 60; UNCTAD warns of global recession

The United Nations Conference on Trade and Development said the virus outbreak can cost global economy up to $2 trillion this year

Foreign Secy meets French Ambassador, discusses Indo-French partnership

India and France also share a healthy partnership in the defence sector, making France one of India's important strategic partners.

Indian millennial women prefer housing for investment: Anarock-LIC survey

Nearly 45% of women home seekers will sell the property after appropriate appreciation while 32% will prefer to earn a steady rental

US-China trade war, coronavirus have impacted global economy: Anurag Thkaur

He was asked about on Moody's forecast which has put India's GDP forecast at 5.3% in 2020.