Page 2045 - Economy & Policy News
Slowdown impact? Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October
 "Slowdown impact? Core sector output shrinks 5.8% in October")
FM's remarks on economy disappointing, crisis entirely home grown: Sinha
Sinha said that even now, the government is largely in denial
 "FM's remarks on economy disappointing, crisis entirely home grown: Sinha")
Hallmarking to be mandatory for gold jewellery from 2021: Ram Vilas Paswan
However, one year period will be provided for implementation of this decision to enable jewellers clear their existing stock
 "Hallmarking to be mandatory for gold jewellery from 2021: Ram Vilas Paswan")
Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham
Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India
 "Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham")
'Unemployment at its peak': Stalin slams Centre for lack of jobs, layoffs
As many as 7,000 graduates including engineers have applied for 549 posts of sanitary workers advertised by the Coimbatore City Municipal Corporation after which Stalin called for intervention
 "'Unemployment at its peak': Stalin slams Centre for lack of jobs, layoffs")
India's April-October fiscal deficit at 102.4% of full-year target
Net tax receipts in the April-October period was Rs 6.83 trillion, while total expenditure was Rs 16.55 trillion, the data showed
 "India's April-October fiscal deficit at 102.4% of full-year target")
RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
 "RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT")
New industrial code bill will lead to 'jungle raj' in the industry: BMS
The Narendra Modi government introduced the Industrial Relations Code Bill in the Lok Sabha on Thursday
 "New industrial code bill will lead to 'jungle raj' in the industry: BMS")
Railways saw least number of accidents in last two and half years: Goyal
"The last 2.5 years have been the safest in the history of Indian Railways. There have been least number of accidents in the last 2.5 years", the minister said
 "Railways saw least number of accidents in last two and half years: Goyal")
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
 "Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg")
Tax refund scheme for exporters to be brought before Cabinet soon: Goyal
Goyal said government is encouraging its entrepreneurs to expand their manufacturing operations in the current global trade situation where nations are engaged with each other in a trade war
GDP growth numbers: Will there be some good news?
The upcoming data will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark
 "GDP growth numbers: Will there be some good news?")
MHA to launch 'Twitter Seva' to address public grievances
Tweet to any Twitter handle of the ministry will automatically land in the 'Twitter Seva'
 "MHA to launch 'Twitter Seva' to address public grievances")
As news goes from bad to worse, Modi govt scrambles to revive the economy
Finance Minister Nirmala Sitharaman said this week she's not closing the door on additional steps to support the economy.
 "As news goes from bad to worse, Modi govt scrambles to revive the economy")
CAG slams Odisha for non-submission of Rs 38k cr utilisation certificates
The CAG said that 28,529 UCs for an amount aggregating Rs 38,427.91 crore remained outstanding against 35 departments of the state as of March 2018.
 "CAG slams Odisha for non-submission of Rs 38k cr utilisation certificates")
Cut in corporate tax rate important for investments: CEA Subramanian
The government has undertaken a number of measures to arrest the growth slowdown. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent.
 "Cut in corporate tax rate important for investments: CEA Subramanian")
India and China to work on reducing trade deficit, improving investment
Kashmir kept out of talks; Modi accepts Xi invitation for next summit in China
 "India and China to work on reducing trade deficit, improving investment")
Podcast: Why Xi-Modi informal summit is important for India, China and Pak
The two-day summit in Mamallapuram is keenly watched by all parties concerned; listen to this podcast to know its significance and why it is being held in the southern town, not New Delhi
 "Podcast: Why Xi-Modi informal summit is important for India, China and Pak")
Xi Jinping, PM Modi $2.9 bn railway dream could trip on Afghan reality
The mine, and other similar ones, are due to bring Afghanistan $1 billion a year in revenues, and create over 35,000 jobs
 "Xi Jinping, PM Modi $2.9 bn railway dream could trip on Afghan reality")
Companies will soon be required to pay for re-skilling retrenched workers
The fund will be formed through contribution from employers equivalent to '15 days of wages last drawn' by workers being retrenched
 "Companies will soon be required to pay for re-skilling retrenched workers")