Page 1971 - Economy & Policy News

India among top 10 FDI recipients, attracts $49 bn inflows in 2019: UN

The FDI flows to developed countries remained at a historically low level, decreasing by a further 6 per cent to an estimated $643 billion

Curbs on sale of duty-free liquor likely to increase cost of air travel

Consolidated annual duty-free sales at airports in the country are estimated to be around $500 million

In a first, RBI puts out minutes of its October central board meeting

Such minutes will be available within two weeks from the date of its confirmation in the next meeting of the central board and on being signed by the chairman in the same meeting, the RBI said

India still fourth-most attractive market, shows PwC Global CEO survey

But confidence in global economic growth reached lowest levels since 2008 financial crash

India's top 63 billionaires have more wealth than 2018-19 Budget outlay

The gap between the top 1 per cent and the bottom 50 per cent of the population just keeps expanding, global non-profit organisation Oxfam said in its latest annual report on income inequality

'Too small to fight India': Malaysia rules out action over palm oil ban

Malaysian Prime Minister Mahathir Mohamad has criticised India's new religion-based citizenship law.

Budget 2020: Expect Bharatmala allocation to rise to Rs 1.01-trn, says ICRA

Total budgetary allocations to fund the ambitious new highway development programme is estimated at Rs 3,43,045 crore over FY2019-2022 - averaging around Rs 86,000 crore per annum.

India ranks 76th on WEF's Social Mobility Index, Denmark tops the list

The Global Social Mobility Index is designed to provide policy-makers with a means to identify areas for improving social mobility and promoting equally shared opportunities in their economies

Budget 2020: DPIIT seeks more funds to boost infrastructure in hinterland

The government had severely cut down on expenditure in this area, with the 2019-20 (FY20) Budget providing Rs 909 crore, down from the RE of Rs 1,707 crore in the earlier one.

Why Mahathir panning Indian politics may boost domestic edible oil firms

India is Malaysia's top buyer of palm oil and that country's efforts to push exports have been the cause of tension for the Indian edible oil refining industry

DPIIT launches paperless licensing process for petroleum service stations

Paperless application and grant of licence process for road tankers for transportation of petroleum under the rules has already been launched earlier this month.

Pharma industry considering 'ethics inspectors' to ensure better compliance

Pharma players to meet DoP to discuss suggestions around implementing ethical marketing practices code

Slowdown impact: IMF lowers India growth estimate to 4.8% for 2019

It expects growth to be 5.8 per cent in 2020 and rise to 6.5 per cent in 2021

IMF trims global GDP forecast to 2.9%, flags reform issues in trade system

Noting that a turning point is yet to be reached, the IMF said it was slightly revising downwards the growth outlook for the global economy.

UP government acquires 3,500 acres of land for the Defence Corridor

The Corridor is estimated to attract total investment of Rs 20,000 crore

J-K woos businesses with first of its kind pre-summit investors' meet

Minister of State, Prime Minister's Office Jitendra Singh congratulated the lieutenant governor for taking such an initiative "at the right time and right place"

Explained: Why lenders prefer IBC over SARFAESI Act for recovery of dues

This, despite the fact that changes in the Act which come into effect shortly give primacy to secured creditors

Three telcos to seek urgent SC hearing as deadline to pay dues nears

Bharti Airtel, Vodafone Idea Ltd, Tata group want to negotiate with telecom department on the timeframe for paying dues

WEF summit 2020: The yearly jamboree to host many climate heroes this week

More than 3,000 global leaders will assemble here this week as 'stakeholders for a cohesive and sustainable world'

30,000 tonnes of palm oil stuck at Indian ports after curbs on Malaysia

In a typical year, India relies on imports for almost all of its supply of the vegoil used in everything from soap to cookies