Page 1963 - Economy & Policy News

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1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016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

Unsold luxury homes grow 10%, stock still a fraction of affordable: Anarock

Affordable homes make up 36% of the unsold housing stock, while luxury segment's shares is 14%

Air India sale: Sweeteners galore for the bidders in govt's new EoI

Prospective buyers can now sell off the airline after a year, require reduced net worth to be eligible and don't need to have shown profits in the past to be eligible for bidding

Budget 2020: Booster likely for capital gains on property and equity

The breakthrough measure, if it materializes, will be doing away with capital gains on sale of property

Nabard pegs 20% hike in Odisha's credit potential, at Rs 90,395 cr

Credit potential in agriculture is 48% of total priority sector. Of this, 93% is estimated under farm credit consisting of crop loans and term loans for agriculture and allied activities

Auctions fail to get mine blocks running, only five leases inked in 5 years

Analysis by Fimi shows how auctions have lulled mining from virgin blocks

Govt expects onion output to rise 7%; sees fall in fruits, spice production

Consequently, production of onion -- the key kitchen staple -- is estimated to increase to 24.45 million tonne this year from 22.81 million tonnes in the 2018-19 crop year.

India asks Qatar to reduce gas price supplied under long-term deal

India has in the past used its status as Asia's third-largest LNG buyer to renegotiate deals with Qatar, Australia, and Russia.

Govt may impose curbs on furniture imports to boost domestic manufacturing

The Department for Promotion of Industry and Internal Trade has suggested to its commerce counterpart to put the restrictions

Challenges before FM: Boosting growth, reining in fiscal deficit

Economic slowdown leaves Finance Minister Nirmala Sitharaman with a difficult choice in her second Budget - whether to rein in fiscal deficit or widen ot to stimulate the economy

Banking sector under stress, govt can't bail it out, says Abhijit Banerjee

Banerjee also said that demand slowdown in the automobile sector also shows that people are lacking confidence in the economy.

Govt's fiscal woes likely to climb as gross spending to rise by 20%: Report

The total budgeted expenditure of the central government for 2019-20 is Rs 27.86 trillion.

Govt likely to allow Indian companies list their equity shares overseas

Currently, quite a few Indian companies have American Depository Receipts (ADRs) that are traded in the US. Some other corporates have their Global Depository Receipts (GDRs).