Page 1924 - Economy & Policy News

India's largest solar tender stuck, firms await greenshoe option nod

After facing delays and extensions for about two years, the tender for solar manufacturing received bids in November, 2019

Cabinet approves exemption of India Ports Global from DPE guidelines

The shipping ministry had requested exemptions to IPGL from the applicability of the DPE guidelines

Govt nod to Technical Textile Mission with Rs 1,480-crore outlay

Indian technical textiles segment is estimated at $ 16 billion or 6% of the $ 250-billion global market

Q3 GDP growth to be below 5%, but better than Q2, say economists

Govt spending would be a key driver of mild improvement in GDP growth, says ICRA

DPIIT notifies policy to allow 100% FDI in insurance intermediaries

Till now, FDI up to 49% was allowed in insurance intermediaries through the automatic route

India to go slow on trade deal with US, both sides to work on wider FTA

Trump had said a comprehensive trade agreement with India would take much longer to finalise than earlier expected

FM assures bankers they will not be hauled for genuine commercial decisions

Sitharaman also urged bankers to give emphasis on branch based banking and improve customer ease

Retail market to reach $1.3-trn by 2025 helped by economic drivers: Study

The report noted that data and technology driven disruptions along with supply side innovations will shape the future of the retail landscape

Govt 'closely monitoring' impact of coronavirus on economy: Sitharaman

In the wake of the virus outbreak, many airlines, including Indian carriers, have cancelled some overseas flights

Odisha's foreign tourist income soars 68% in 6 years on increased spending

The survey report says earnings from domestic tourists rose 54 per cent from Rs 10,288.6 crore to Rs 15,855.55 crore in the period under review

Car sales to rise in 2020 on stiumulus measures, discounts, says Moody's

But weak consumer demand and tight liquidity will likely limit any improvement in car sales this year, it added

GDP growth to stay flat at 4.5% in October-December, say SBI economists

They also said that India faces the risk of getting impacted by coronavirus epidemic economically because of its high reliance on Chinese imports for various goods

The crisis of data credibility in India and the resulting policy challenge

While flaws in collection methods could have a bearing on an individual's citizenship status, the larger issue is the use of such data in policy formulation and implementation

Modi govt launches sixth tax amnesty despite muted show by earlier schemes

Collection goal of Rs 9.32 trn under Vivad Se Vishwas seems a tall order, given that the most successful scheme so far has yielded just about 3% of that amount

Deloitte India makes presentation to telecom department on AGR dues

Tata Sons Chairman N Chandrasekaran meets Ravi Shankar Prasad to discuss the issue

Rs 500 notes to push Rs 2,000 out in mega ATM reboot: Things you must know

Biggest recalibration since demonetisation; Rs 2,000 notes to remain legal tender but to be pulled out of circulation

India should cut tariffs for better trade ties, says Donald Trump

Trump said that a comprehensive trade agreement with India would take much longer to finalise than earlier expected

Pension commutation under EPS implemented; move to benefit 630,000 people

With the ministry's latest decision, such pensioners would receive their full pension after completion of 15 years

RBI MPC may consider coronavirus impact on Indian economy: Report

The coronavirus outbreak has brought a large part of the world's second-largest economy China to a standstill and its impact has been felt across industries

West Bengal FM Amit Mitra worried over Rs 11,000 cr GST dues to state

Says while Centre had targeted collection at 21%, actual figure has been hovering at 1.5%