Page 1958 - Economy & Policy News
BoM, SBI only PSBs rated 'good' in digital transactions in Dec: Govt data
For digital transactions, the government has given a target of 4,000 crore digital transactions for the current fiscal
 "BoM, SBI only PSBs rated 'good' in digital transactions in Dec: Govt data")
Seventh tranche of CPSE ETF receives Rs 9,200-cr bids from anchor investors
The base issue size is of Rs 10,000 crore with a greenshoe option to retain a portion of the oversubscription
 "Seventh tranche of CPSE ETF receives Rs 9,200-cr bids from anchor investors")
With no sign of turnaround, NCR real estate market on tight belt
The second of a three-part series looks at how the overall economic slowdown and govt action on the debt-laden builders have altered the real estate landscape of Gurugram region
 "With no sign of turnaround, NCR real estate market on tight belt")
Mobile phone exporters to get 4% incentive under duty drawback scheme
The increased incentive of 4 per cent or Rs 350 per handset whichever is less from the earlier cap of Rs 197 would help boost exports, industry said
 "Mobile phone exporters to get 4% incentive under duty drawback scheme")
Duty incentives for apparel export withdrawn as tax rebate scheme launched
The directorate has also laid out a detailed procedure for availing benefits under the RoSCTL scheme
 "Duty incentives for apparel export withdrawn as tax rebate scheme launched")
Growing steel demand in India to increase carbon emissions by 600 MT: TERI
The report on Low Carbon Steel has been prepared by the Energy Transitions Commission (ETC) India, a research platform based in TERI in New Delhi
 "Growing steel demand in India to increase carbon emissions by 600 MT: TERI")
Mid-market Indian business leaders less optimistic in H2 2019: Report
The report released on Thursday also said 79 per cent of business leaders surveyed in India believe the government has taken enough measures on the policy front to enhance 'Ease of Doing Business'
 "Mid-market Indian business leaders less optimistic in H2 2019: Report")
Petrol, diesel prices likely to go up by Rs 0.50-1 a litre from April
Petrol currently costs Rs 73.36 per litre in Delhi and diesel is priced at Rs 66.36 a litre
 "Petrol, diesel prices likely to go up by Rs 0.50-1 a litre from April")
Smartphone makers seek 30% incentive for component manufacturing in India
The opportunity cost of starting a component manufacturing facility is the loss of revenue of around 5-9 months in the best case scenario and at worst, almost 2 years, the report said
 "Smartphone makers seek 30% incentive for component manufacturing in India")
Coal India production not to exceed 640 million in FY20: Official
The state-run miner had a target to produce 660 million tonnes of coal in 2019-20 as against 607 million tonnes produced in the last fiscal
 "Coal India production not to exceed 640 million in FY20: Official")
Five years after being set up, NITI Aayog remains a work in progress
As the Modi govt enters its second term, NITI Aayog will need to deliver at many more levels than it so far has, more so at a time when the country faces one of its worst economic slowdowns
 "Five years after being set up, NITI Aayog remains a work in progress")
CAIT to prepare database of traders, employees across India from March 1
The exercise is aimed at better addressing the basic problems of traders across the country, CAIT said
 "CAIT to prepare database of traders, employees across India from March 1")
Govt aiming to take jewellery exports to $80 bn from $40 bn in 5 years
The Centre also expects the jewellery industry to generate additional employment of 2 million, Rupa Dutta, Economic Advisor, Ministry of Commerce, said
 "Govt aiming to take jewellery exports to $80 bn from $40 bn in 5 years")
Foreign capital outgo exceeds FDI inflows in the mining sector
Though FDI is permitted in the mining sector since February 2000, its flow has been intermittent over the last few years
 "Foreign capital outgo exceeds FDI inflows in the mining sector")
Coronavirus: Exporters ask govt to review possible impact on China trade
The Federation of Indian Export Organisations (FIEO) said that if the problem persists for long, it may impact domestic mobile manufacturers as they import certain components from China
 "Coronavirus: Exporters ask govt to review possible impact on China trade")
Govt unearths job incentive fraud; EPFO blocks accounts of 1 mn employees
900,000 'old' workers took benefits of govt scheme for 'new jobs'
 "Govt unearths job incentive fraud; EPFO blocks accounts of 1 mn employees")
ED investigating role of PFI, NGO for funding protest against Article 370
The probe agency is likely to summon more people connected with these two organisations to find out the source of the funds
 "ED investigating role of PFI, NGO for funding protest against Article 370")
Rlys eyes pension bail-out; plans PPP push in freight, high-speed corridors
The Indian Railways has about 1.5 million pensioners
 "Rlys eyes pension bail-out; plans PPP push in freight, high-speed corridors")
Brexit: Indian exporters cautious but hopeful ahead of Wednesday vote
India's second and third-largest markets for outbound IT services, which stood at $136 billion in 2018-19, according to Nasscom
 "Brexit: Indian exporters cautious but hopeful ahead of Wednesday vote")
Nitin Gadkari urges industry to cash in on upcoming 22 expressway projects
Addressing a conference on 'Future Fuels for Transportation' by FICCI, the minister said plans were afoot to set up 2,000 petrol pumps, including LNG
 "Nitin Gadkari urges industry to cash in on upcoming 22 expressway projects")