Page 1995 - Economy & Policy News

India Inc wants Centre to take more steps on ease of doing business

Industry representatives asked officials to "create more freedom for industry to perform"

Modi says India will emerge stronger from slowdown, urges investments

India, once the poster child of economic growth in the developing world, grew at the slowest pace in six years during the July-September quarter.

India should maintain fiscal deficit; needs revenue mobilisation: Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, she added.

Do not want businesses to shut, will help revive: Sitharaman to India Inc

Addressing industry representatives, Sitharaman said India's macro-economic indicators were on a solid footing

MGNREGS wages to go up? Scheme likely to get Rs 10,000-cr push

To boost rural income, the government could raise the total MGNREGA Budget for 2020-21 to Rs 70,000 crore. In 2019-20 (FY20), it was Rs 60,000 crore

PM Modi chairs first meeting of Cabinet Committee on Investment & Growth

The panel has four other members -- Home Minister Amit Shah, Highways and MSME Minister Nitin Gadkari, Finance Minister Nirmala Sitharaman and Commerce & Railways Minister Piyush Goyal

Cabinet approves Rs 2,400 cr for developing tourism infrastructure

Under the scheme, launched in January 2015, 15 circuits have been identified for development

Reviving economic growth

The IMF has some useful suggestions

FM Sitharaman unveils Rs 102-trn infrastructure projects for next 5 years

Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 trillion in infrastructure.

Infra plan will boost investor confidence, but needs hand-holding: Experts

Private road developers in recent interactions with the Union ministry have expressed unwillingness to invest in Build, Operate and Transfer (BOT) projects which involve private capital

Govt gives sneak peek of CDS uniform, insignia; office to be in South Block

Gen Rawat will be able to serve as CDS for a period of up to three years after the government amended the rules extending the age of retirement to 65 years

Small savings schemes: Govt keeps interest rates unchanged for Jan-Mar qrt

Interest rates for small savings schemes are notified on a quarterly basis

FM hits the 'road' in New Year, announces Rs 19.63-trn worth projects

Centre and states will be equal contributors

Some airlines may have to shut due to predatory pricing: Hardeep Singh Puri

Hardeep Singh Puri says tariff wars only work in the short run, hurt entire industry long term; rules out regulatory intervention

Economy likely to rebound in 2020, inflation to remain benign: PHDCCI

PHDCCI President observed that inflation in 2020 will remain benign except few fluctuations because of weather disruptions

Mega infrastructure spend can be a trigger for boosting growth: ICRA

According to the rating agency, the construction sector is likely to be a major beneficiary of this increased investment.

Govt to fine firms with over Rs 50 cr revenue for not accepting UPI, RuPay

Companies with turnover of over Rs 50 crore to pay Rs 5,000 per day as penalty

Railways hikes passenger fares after five years, pass holders spared

Raises passenger fares from 1-4 paisa in non-suburban trains

J-K abolishes toll tax from New Year, to incur annual loss of Rs 1,500 cr

The decision of the abolishment of the toll tax from the New Year was welcomed by traders while industrialists termed the withdrawal of toll tax as a 'Black Death Warrant for J&K Industrial Sector'

Tiruppur, once the thriving export hub of Tamil Nadu, is fraying at edges

GST glitches are crimping working capital supply and adding to the difficulties of competing against nimble, low-cost competitors in other countries