Page 2041 - Economy & Policy News

Govt open to further reforms to attract more investment: Sitharaman

The government has taken various steps, including reduction of corporate tax, she said at India-Sweden Business Summit

Telco tariff hike to benefit users, boost govt revenue, create jobs: COAI

According to official data, the telecom sector's gross revenue fell about Rs 41,000 crore in three years on account of a dip in mobile services rates.

Number of UPI transactions up 6% at 1.2 bn in Nov; value falls marginally

While the number of UPI transactions during November rose to 1.22 billion from 1 billion in October, the combined value of these declined marginally to Rs 1.89 trillion from Rs 1.91 trillion

Despite criticism, govt digs in heels for privatisation of Air India, BPCL

DIPAM is in the process of appointing transaction and legal advisors for BPCL, Concor, and SCI

Manufacturing activity improves in Nov, but firms cut operating costs, jobs

However, the upturn remaining subdued compared to earlier, growth rates for new orders and production remained modest

FM Sitharaman ends MAT confusion: Reduced rate to be applicable from FY20

Reduced rate applicable from current FY; final call on fiscal deficit will be taken at Revised Estimate stage

Open to suggestions, criticism from industrialists: FM Nirmala Sitharaman

FM said she stands by her comment that Rahul Bajaj should have sought answers from govt

Govt blocks GST e-way bill generation; move may impact 300,000 firms

These businesses had not filed their monthly GST Return (GSTR)-3B for two consecutive months

Power min unveils norms for allocating coal linkage to plants without PPAs

For this purpose, the power ministry on Monday issued the methodology for the same

Govt grants six month extension to plastic scrap imports in three SEZs

The three SEZs in which recycling units are now allowed to import plastic scrap are Kandla, Falta and Noida

Realty sector getting back on its feet after demonetisation shock: JLL

Hyderabad topped the list with a 36 per cent sales penetration followed by Pune at 34 per cent

'Absolutely unfair' to say govt averse to criticism: FM Sitharaman

According to the minister, industry leaders do approach her and she also goes around the country speaking to them.

Slowdown blues: Steel industry reels from poor demand, wafer-thin margins

Steel output has contracted for two consecutive months, after at least four years of continuous expansion.

Bandhan Bank eyes big role in affordable housing finance segment

The bank is expecting that a little less than 50% of its portfolio will be dominated by affordable housing loans in the next 3 to 5 years.

Delhi Jal Board yet to repay debt of over Rs 20,000 crore: CAG report

No amount has been repaid in the last five years, said the CAG report

RBI monetary policy: MPC should go for rate cut of 15 bps, says expert

MPC has room to pause, alongside other central banks, to consider future plans

RS MPs want ban on conventional cigarettes, other tobacco products too

The bill seeks to replace an ordinance the government had issued on September 18 banning the use of e-cigarettes

Corporate tax cut to boost investments; green shoots visible: Sitharaman

The finance minister said "people are approaching" the government for fresh investment which will help in generating more jobs as well as make India a manufacturing hub in the future

Indian Railways starts signalling bid before spectrum allotment

It is learnt that the railways has sealed the tender and would announce the winner soon

Indian Railways operating ratio in 2017-18 was worst in 10 years: CAG

A measure of expenditure against revenue, the ratio shows how efficiently the railway is operating and how healthy its finances are.