Page 1974 - Economy & Policy News

China to increase US imports according to 'market principles': Official

Chinese companies will import U.S. agricultural goods according to consumers' need, and demand and supply in the market, Liu told reporters, according to CCTV.

FM Sitharaman to set realistic nominal GDP target at 9.5-10%: Report

"This year, there will be a realistic assessment of the nominal GDP," said a source.

DoT examining if deadline for AGR payment applies to non-telecom PSUs

The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd

IAF to increase squadron strength; 3 more to be inducted in 2020

One new squadron, which will be raised in Thanjavur, Tamil Nadu, in the coming months, will be equipped with new Sukhoi-30MKI fighters, built by HAL in Nashik

Regulator gives airports 3 months to meet safety norms on ground handling

The regulator is also holding regular meetings with airlines, ground handlers, and other service providers like oil-marketing companies and catering companies

Goal of making India $5 trillion economy difficult, not impossible: Gadkari

"If we want to become a $5 trillion economy, we have to increase the domestic production of these things instead of importing them," he said.

India on course for bumper harvest, Rabi sowing scales multi-year high

Data from the agriculture ministry shows that among the main rabi crops, wheat acreage touched a record 33.02 million ha as on January 16, 2020

Drugmakers slash prices to be eligible for China's bulk-buy program

Sale prices of over 100 types of commonly used drugs are on average about 17 to 18 times of their manufacturing costs, the statement said

Govt must shift its focus on revamping Coal India after opening up mines

India has a stated objective of achieving 40 per cent of installed capacity from renewables by 2030

Need to focus on reducing inequality, IMF cites risks to global economy

Georgieva, who served as the World Bank's chief executive officer before moving to the IMF in October, has made reversing inequalities one of her top priorities

Petroleum products, engineering goods drive India's export growth

Exports of petroleum-related products also grew at a higher rate of 7.8 per cent during 2019.

Davos diplomacy likely between India, Malaysia amid palm oil row

India has repeatedly objected to Malaysian Prime Minister Mahathir Mohamad speaking out against recent policies which critics say discriminate against Muslims

Irdai chief warns firms against unfair trade practises, predatory pricing

The regulator also told insurance brokers to be more disciplined in filing their returns

FinMin revises target for GST collection in FY20; aims mop-up at Rs 1.5 trn

The government aims to collect Rs 10,000 crore more than what was targeted earlier at a time when all months till December in FY20 yielded less than Rs 1.1 trillion, except for April

Budget wishlist: Exporters seek clarity on slow tax refunds, key schemes

Exporters also hope the Budget will clear the confusion around the old MEIS, which has been discontinued by the government as well as the uncertainty over the awaited RoDTEP scheme

Tax Dept raises GST revenue target to Rs 1.15 trillion for Jan-Feb

The decision in this regard was taken in a high-level meeting chaired by Revenue Secretary Ajay Bhushan Pandey held on Friday, sources said

Probing if Amazon, Flipkart violated norms of foreign exchange law: ED

The matter is scheduled to come up for hearing before a bench of Chief Justice Rajendra Menon and Justice V K Rao on November 19

Govt looks into Flipkart, Amazon discounts after retailer complaints

Confederation of All India Traders alleged Amazon and Flipkart were violating the foreign investment rules

Govt policy on e-commerce industry may miss year-end deadline: Sources

The committee will provide clarification on FDI in e-commerce

Amazon's combined FY19 losses in India businesses at over Rs 7,000 cr

The e-commerce giant is expecting its December-quarter net sales to be between $80 billion and $86.5 billion, 11-20% higher than the year-ago period