Page 1961 - Economy & Policy News

Pact between Gujarat handloom and Flipkart, CAIT condemns govt's move

The Confederation of All India Traders (CAIT) in a statement said it "strongly condemned the decision of the Gujarat government announcing" this memorandum of understanding (MoU)

India for elimination of trade-distorting subsidies on agriculture in WTO

On the World Trade Organization's (WTO) appellate body for dispute settlement, he said early restoration of the full strength of the body will help in realising the objectives of the WTO

Five banks willing to invest Rs 2.5 trillion in highway projects: Gadkari

The road transport minister also said the government is contemplating to create a Motor Vehicle Accident Fund for hit and run cases

Railways asks premium customers for advance payments to boost balance sheet

Around 50 freight customers had a business of Rs 500 crore or above with the railways in the previous calendar year, and hence, they are eligible for the scheme.

Fill up existing vacancies in time-bound manner: Govt tells departments

Over 6.83 lakh posts were lying vacant in different central government departments, according to a latest government data

Global hotel prices drop 12%; Mumbai tops with 41% fall

Global hotel prices drop 12%; Mumbai tops with 41% fall

FinMin's new measures to protect prudent commercial decision of bankers

Finance Minister Nirmala Sitharaman at several occasions assured bankers that adequate measures would be taken to protect honest commercial decisions taken by them

Budget 2020: HDFC calls for one-time loan recast for stuck realty projects

Parekh said there have been precedents of similar one-time reliefs being allowed by the RBI in the past including in 1993 and also after the global financial crisis.

14 trains run late in Northern region as low visibility, rains hit Delhi

For the past several days, rail operations have been hit by inclement weather conditions, primarily dense fog.

Brazilian President Bolsonaro calls for investments by Indian companies

Brazil is pushing India to expand its footprint in the country's mining, power and agri business sectors

PSU insurance firms seek Rs 12,000-cr infusion as merger put on fast track

The financial condition of the three companies has, meanwhile, deteriorated and warrants capitalisation, if the merged entity is to be listed

Budget 2020: MNREGA real wages see slow growth in 2018-19, shows data

The average days of work provided were also below the mandated 100.

Budget 2020 Wishlist: Here are the key challenges for automobile sector

Like the last quarter, firms will focus across its value chain to ensure smooth transition to BS-VI

Wheat output in India is likely to hit a record high this year: NCML data

Data compiled by National Collateral Management Services (NCML, a non-government body) shows a 6.3 per cent rise to 109 million tonnes

Palm oil imports from Malaysia likely to hit 9-year low in January

Lower imports by India, the world's biggest palm oil importer, could weigh on Malaysian prices that have corrected nearly a tenth after hitting a three-year peak earlier this month

Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee

India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016

Despite kharif loss, Centre pegs 7% rise in 2019-20 onion output

Overall vegetable production estimated higher than last year at 188 mt; that of fruit, spices could be a little less

Budget 2020: Toyota seeks scrappage policy, income tax relief on vehicles

The auto industry is willing to share its portion towards realising such scrappage policy, which will eventually have a more sustainable impact on the environment, he added.

Stake sale in Air India 'bold move', attractive offer tabled by govt: CAPA

This is the second time in less than two years that the government has come out with proposal for selling stake in Air India

Jewar airport: Land for phase one acquired, villagers clash with officials

Sub-Divisional Magistrate Gunja Singh was injured during the clash which broke out around 11.30 am, they said