Page 1988 - Economy & Policy News

Govt to set up panel for designing SOP for checking fraudulent GST claims

The committee will come out with detailed SoP within a week, which may be implemented across the country by January-end

India's per-capita income rises 6.8% to Rs 11,254 a month in FY20

In 2018-19, the monthly per-capita income had stood at Rs 10,534

India's GDP growth rate for 2019-20 estimated at 5% against 6.8% in FY19

GDP growth stood at 4.8 per cent for the first half of the current fiscal year

Any employee going on strike will face consequences: Govt to PSUs

Ten central trade unions have said around 25 crore people will participate in the nationwide strike to protest against the government's "anti-people" policies

Exim Bank raises $1 bn via overseas bond sale to execute regular activities

It has raised the money from 184 global investors by issuing ten-year bonds and expressed satisfaction with the final pricing, an official statement said.

DTH/cable bills may fall up to 14% after Trai's amendments, says Icra

The regulator capped at Rs 160 the amount consumers will have to pay monthly for all free to air channels

Economics: Reloaded Rahul Gandhi's new interest

The Congress's new economy-centric focus is evident from the election discourse Gandhi is following in Gujarat

India predicts slower 5% growth, likely prompting budget stimulus

The government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year

Economy hit by Modi's 'divisive politics', alleges Rahul

Rahul claimed the fiscal deficit had increased and projects had been stalled

Banking, transport services may be hit due to trade unions' strike on Jan 8

Nearly 25 crore people are said to be taking part in this all-India strike to protest against the government's "anti-people" policies

Govt may cut back on spending by Rs 2-trn as it faces revenue shortfall

Asia's third largest economy, which is growing at its slowest pace in over six years because of lack of private investment, could be hurt further if the government cuts spending

Modi govt plays politics of polarisation: Rahul Gandhi's speech at Berkeley

"Ignoring India's tremendous institutional knowledge and taking such decisions is reckless and dangerous," he charged.

GoM approves EoI, share purchase agreement for Air India's privatisation

The EoI and the share purchase agreement would be issued in January itself, a senior govt official said

UP govt plans to partner BHEL, HAL for industrial and technical training

Also moots technical tie-ups with top institutions like IITs

Housing sales saw marginal rise in 2019 despite economic slowdown: Report

The residential property market in top eight cities recorded a growth of 1% year-on-year in sales volume in 2019

High oil prices, global tensions threat to improvement in Indian CAD: DBS

Downbeat sentiments saw USD-INR exchange rate test past 72 to two-month high, while the benchmark equity indices witnessed mayhem on Monday

Agriculture to shipping, some ministries likely to see spending squeeze

The official data shows that, for example, the agriculture ministry has spent 49 per cent of its budgeted expenditure till November-end, compared to 70 per cent for the same period last year

Advance estimates of GDP to be released today, may not be closer to reality

The Reserve Bank of India has already cut its earlier projections and now projected the growth to be 5 per cent for the year

Big taxpayers yet to take benefits of Sabka Vishwas amnesty scheme

These taxpayers have declared tax dues of around Rs 79,968 crore and after availing the various reliefs and amnesty as per the rules of the scheme, they would pay around Rs 35,094 crore, sources said

Telecom industry urges govt to facilitate funding at lower interest rates

Department of Telecommunications will convey these suggestions to the Finance Ministry for consideration