Page 1978 - Economy & Policy News

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

It's traders vs Amazon, Flipkart over online prices & a level-playing field

As traders prepare to hold a nationwide agitation against Amazon and Flipkart this week, the government weighs its options

Forex reserves rise $58 million to record high of $461.21 billion: RBI

In the reporting week, the reserves rose despite a decline in foreign currency assets (FCA), which is a major component of the overall reserves.

'Mo Sarkar' initiative likely to hasten pace of new investments

In addition to industries and MSME departments, the Mo Sarkar initiative will cover key agencies and corporations whose functions are intertwined with the two departments

India needs continued structural reforms to boost growth: UN report

The World Economic Situation and Prospects 2020 report has also lowered GDP growth estimate for India

Ahmedabad-Mumbai Tejas Express flagged off, becomes second IRCTC run train

This is the IRCTC's second premium train after the inaugural Tejas Express which operates between Delhi and Lucknow