Page 2065 - Economy & Policy News

Andhra Pradesh passes law to reserve 75% jobs for locals in industries

State to penalise firms for non-compliance; penalties to be prescribed when rules are framed

Andhra Pradesh govt to review tariff of all solar and wind projects

The state discoms have dues of Rs 20,000 crore

Telangana, AP chief ministers bury hatchet over sharing of river water

Godavari water to be diverted to Srisailam reservoir as inadequacy in Krishna river has caused scarcity in Andhra's Rayalaseema region and Telagana's Palamuru and Nalgonda districts

Clean energy project cancellations: Andhra faces global arbitration threat

State govt cancelled clean energy projects in July, citing wrong bidding

Andhra Pradesh continues to curtail renewable power, flouting court order

In the average revenue requirement (ARR) filing for the year 2019-20, the Andhra discoms estimate a loss of Rs 9,415 crore

Regulatory battle for renewable projects begins in Andhra Pradesh

Along with tariff reduction, the discoms have also urged the regulator to reduce the PPA period to 5-6 years from the current 25 years

Not bottomed out yet? India may grow at less than 5% in FY20, say forecasts

Reserve Bank of India has cut interest rates five times this year to boost growth, with the monetary easing complemented by fiscal measures, including $20 billion of tax cuts for companies

India announces visa exemption for foreigners seeking medical treatment

Exemption has been given to foreigners from getting their primary visa converted into medical visa for obtaining indoor treatment up to 180 days

Only 51 days of work per household given under MNREGS in 2018-19

Govt said the total number of individuals who worked under the scheme in 2015-16 was 72.2 million

PSBs have reported Rs 95,700-crore frauds in first 6 months of FY20: FM

FM Sitharaman says 5,743 incidents in govt banks from April to September this year

Finance, IT lead in job creation, capital-intensive sectors in cuts: CARE

The report shows that job growth, which had picked up by 2016-17, slumped in the two succeeding years - 2017-18 and 2018-19

12 hours to 12 minutes: Customs clearance to take the swift route

The move will result in significant savings in cost and time and help further improve India's ranking in the World Bank's Ease of Doing Business index

Delhi among fastest growing luxury residential markets, says Knight Frank

A recent report by ANAROCK suggests as many as 16,100 new units have been launched in the luxury segment priced over Rs 1.5 crore across the top seven cities in India in the first half of CY19

Maharashtra, Haryana saw biggest drop in rural consumer spending: NSO data

Rural parts of Haryana and Maharashtra saw an 18 per cent fall in consumer spending in 2017-18, compared to 2011-12

Amit Mitra writes to FM, calls for 'urgent' GST meet to plug loopholes

GST revenue fell below the Rs 1-trillion mark for the third straight month in October, and was 5.3 per cent lower than the corresponding month last year, at Rs 95,380 crore

One-fifth of British companies say they find doing business in India tough

A majority 56 percent of those surveyed by the body, however, disagreed and feel it is easier to do business with India, an official statement said

Over 1.8 mn farmers have joined PM-KMY scheme: Narendra Singh Tomar

Tomar said that a budgetary provision of Rs 900 crore has been made for the year 2019-20 and there is no State-wise allocation of funds under the Scheme

IRCTC inks MoU with Karnataka tourism to market, run Golden Chariot train

The MoU was signed in the presence of Minister of State of Railways, Suresh C Angadi, and Karnataka Tourism Minister C T Ravi, Chairman Railway Board Vinod Kumar Yadav amongst others

Not just health, Delhi's air is also toxic for economy facing a slowdown

India's losses from air pollution increased more than four times to $560 billion between 1990 and 2013, according to the World Bank

Curbs on CICs could limit fundraising abilities of big corporate groups

The proposed curbs on core investment companies will make it tough for large corporate groups to funnel capital as they did in the past