Page 1996 - Economy & Policy News

Trillion dollar economy target: UP CM lays stress on private investment

Says UP will play a major role in India's ambitious $5 trillion economy goal

Steel output to dip as coking coal imports fall by 14.52% to 3.61 MT

Coking coal imports in November declined by 14.52 per cent to 3.61 million tonnes (MT), against 4.22 MT in the same month last fiscal, Iman Resources said

Liquor makers urge govt to reduce duty concessions to boost exports

Giri suggested that the basic customs duty should be slashed to a level which does not create great competitive disadvantage for Indian companies and reduction should be done in a phased manner

LIVE: Rs 102-trn infra projects lined up for 5 yrs, says FM Sitharaman

In last six years, 5-6% of GDP spent on infrastructure, says FM Sitharaman

India plans $35 bn reforms over 5 yrs to revive struggling power retailers

The measures would focus on infrastructure and technology upgrades of the ailing utilities to make them more efficient and reduce financial losses, according to reports

Kerala Assembly passes resolution against CAA, says law unconstitutional

The provision to determine citizenship based on religion is against the basic structure of the Constitution of India, which puts forward a secular vision, the resolution states

Breakout year? Steel players hope for demand surge, better prices in 2020

Around 85% of the country's coking coal demand is met through imports

Year in Review: 12 policy decisions that affected Indian economy in 2019

In a challenging year, the central government announced a slew of measures to help revive a sagging economy - from corporation tax cut to bank recapitalisation. Here are the most important ones

We're going corporate, no question of privatisation: Rail Board chairman

Railways to hive off all production units and workshops into new govt-owned company; may invite bids from private players to run passenger trains in next 15 days, with ownership vesting with govt

Karvy Stock Broking gets interim relief from Debt Recovery Tribunal plea

In ICICI Bank's DRT plea, Karvy group's chairman and managing director C Parthasarthy, was also listed as one of the respondents

Commerce Ministry to review existing free trade agreements: Piyush Goyal

Goyal said that FTAs with countries like Japan, South Korea, and Asean provided duty-free access to Indian markets, but domestic goods face barriers in these countries.

Year in Review: Rural India hurt FMCG; smartphones rode on e-commerce

FMCG suffered on two counts -- poor consumer sentiment brought on by macroeconomic headwinds and the continuing liquidity crisis arising out of faltering NBFCs

RBI wants urban cooperative banks to focus mainly on priority sector

UCBs' target for priority-sector lending has been proposed at 75 per cent of their credit from 40 per cent now

No sunny days in sight: Challenges for solar pumps in Haryana, Rajasthan

The second of a three-part series takes a look at challenges for those who aspire for solar-powered pumps in Haryana, Rajasthan

MSE sentiment down for the third quarter in a row: CRISIL-SIDBI survey

The reading on the index for January-March 2019 was 122; it was 128 in the October-December 2018 quarter and 124 in the July-September 2018 quarter

Housing Finance Companies growth to remain subdued: Care Ratings

Funding challenges and slow GDP growth continue to spoil the show

IGST refunds worth Rs 1.12 trillion paid to exporters, Rs 3,604 cr pending

In addition, adverse verification reports have been received in the case of 399 exporters, which also include 4 'star exporters'

GST facelift: Electronic invoicing, new returns to be introduced in 2020

In the e-invoicing system, the invoices are authenticated electronically by GST Network (GSTN) for further use on the common GST portal.

Kerala top achiever in meeting sustainable development goals: Niti Aayog

Bihar, Jharkhand and Arunachal Pradesh were the worst-performing states in this year's index for Sustainable Development Goals (SDGs)

Dispose of 5-year-old pending cases by March, CBDT tells officials

There are about 31,000 pending cases, locking revenue worth Rs 500 crore