Page 2006 - Economy & Policy News

Auto Expo: Organisers bet on Chinese automakers as Indian firms skip event

While car sales in India are stuttering, the market is expected to become the world's third biggest by 2026, behind China and the US

Mumbai-Nagpur expressway to be named after Bal Thackeray: Govt

It is expected to cost Rs 46,000 crore and will cut travel time between the two cities to around eight hours

ONGC to get Panna-Mukta fields from Shell, Reliance after 25 years

Production-sharing contracts for the fields will expire on Dec 21

Govt announces reforms to existing special economic zones framework

Henceforth, all existing and new SEZs would become multi-sector SEZs thereby enabling coexistence of a SEZ unit from any sector along with any other SEZ unit

At 43%, farm loan waiver bags lion's share in Maharashtra subsidy: CAG

Expenditure over subsidy was Rs 20,984 crore in 2016-17, which increased by 62 per cent to Rs 33,894 crore, the CAG report said

Forex reserves at record high of $454.49 bn as foreign currency assets rise

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in forex reserves.

Wheat sowing area touches 27.8 mn hectares, accounts for 90% acreage

The area sown to wheat crop is higher than 25 million hectare covered in the year-ago period

Piyush Goyal meets export bodies to seek inputs for foreign trade policy

Pre-Budget inputs from EPCs were also taken so that they may be sent to the finance ministry

Ex-CEA Subramanian against tax cuts, says no space for fiscal expansion

Subramanian further said that he thinks personal income tax cuts motivated by desired increased consumption are highly inequitable

NGT asks authorities to curtail vehicle registration if no parking space

In case the number of vehicles exceed the capacity, there should be an action plan for providing adequate additional parking space, the tribunal said.

Andhra panel moots distribution of 'capital functions' for development

Interestingly, Jagan Reddy had spoken on similar lines in the assembly on December 17 when he indicated that the state could have three capitals

Andhra agrees to pay renewable projects at average rates till resolution

The YSR Congress government in Andhra Pradesh in July formed a high-level negotiation committee (HLNC) to "review, negotiate and bring down" the tariff of all renewable power projects

Everybody has a say, govt listens to all: Goyal on Rahul Bajaj's remark

Bajaj had remarked that there is an 'atmosphere of fear' and people are afraid to criticise the government

India's net coal-powered capacity additions to fall short of target: Study

The Indian thermal generation sector has faced multitudes of problems this past decade

Govt's outstanding loans from RBI at $4.36 bn in week ended Dec 13

The central government had Rs 525.75 billion ($7.33 billion) outstanding loans in the week earlier

Investments via P-notes hit 13-month low of Rs 69,670 cr at Nov-end

The investment at September-end stood at Rs 76,611 crore and then marginally rose to Rs 76,773 crore at October-end

UP govt to tie up with eBay for giving MSME exports an e-commerce push

Contract to be signed in next few weeks; deals with Alibaba, Flipkart are also in the pipeline

Come out of self-doubt and unleash animal spirits: FM to India Inc

The government has shown conviction to change India's system, take some tough decisions and make sure it is responsive to industry, she said at industry body Assocham's event here

Telecom dept approves Rs 5.22 trn spectrum sale; auction in March-April

He said the auction will entail sale of over 8300 MHz of spectrum spread over all 22 telecom circles, the reserve price of which comes to Rs 5,22,850 crore

Fitch lowers India GDP growth to 4.6%, says business confidence weakening

Growth will gradually recover to 5.6 per cent in FY21 and 6.5 per cent in the following year, predicts Fitch.