Page 2069 - Economy & Policy News

Top 1.5% account for 19% of total earnings: Tax returns data show disparity

This is a rise from 17 per cent in 2015-16 and highlights an increase in inequality

Andhra discards BPL norms, allows universal health for car-owning families

With this, more than 90% of households in the state are now covered under the scheme

Easing of IBC deadline to serve interests of public, debtor: MCA secretary

The Supreme Court has relaxed the 330-day timeline for resolving stressed assets

Govt scraps NSO's consumer expenditure survey over 'data quality'

The findings of the report, published by Business Standard on Friday, showed consumer spending falling for the first time in over four decades in 2017-18

Govt paves way for insolvency resolution of financial service providers

Insolvency proceedings will be initiated only on an application by the appropriate regulator, who will be notified by the MCA, depending upon the FSP

Insurance cover on bank deposits to be raised from Rs 1 lakh: FM Sitharaman

On the telecom sector, the minister said the Centre wanted all companies to flourish and be able to grow their businesses in India

PM stayed out of RCEP keeping northeast in mind, says Rajnath Singh

He also said that if India had joined the Regional Comprehensive Economic Partnership (RCEP), farmers, labourers and industries would have been adversely affected

IRCTC earned over Rs 63 crore in convenience fee in Sep alone: RTI query

The Central government had decided to scrap the service fee on e-booking of tickets three years ago to promote digital transactions

Cut GST on matchbox to 12%, on par with raw materials: Tamil Nadu minister

Raju, along with eight representatives of match stick manufacturers' associations, said the GST on matchboxes was high and needs to be brought down at par with the tax rate on raw materials

Delhi air pollution: Odd-even scheme ends, fewer violators this time

The anti-pollution measure kicked-in on November 4 as the city's air quality reached the "severe" category

AIIB to give $500-mn loan for Mumbai rail, $75 mn for renewable projects

Under the Paris Agreement, the government of India plans to reduce the country's carbon intensity by 30-35 per cent of 2005 levels

Wheat sowing area down by 23% this rabi season; Punjab, MP top laggards

Area sown to most rabi crops remained lower in this rabi season, which begins from October

Delhi govt inks MoU with Abhijit Banerjee's centre J-Pal to monitor schemes

The project will be kicked off as a pilot, to study the beneficiary experience in ration shops under the Public Distribution System as well as in mohalla clinics

No plan to cut spending on welfare schemes despite low revenues, says FM

The government has high expenditures on such welfare schemes which are aimed at poorer sections and agriculture

Govt doesn't want any telco to shut down, intends to address concerns: FM

Sitharaman said "it is the intention" to address concerns of all those who have approached the government with serious concerns post the court's decision

Global debt to top record $255 trn by 2019-end, no signs of slowing: Report

The amount, which is also more than three times the world's annual economic output, has been driven by a $7.5 trillion surge in the first half of the year that shows no signs of slowing

Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%

Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September

Vedanta cuts aluminium making cost by 10% to $1,852 a tonne in Q2

Firm aims to achieve Rs 1,500 a tonne; LME prices of metal stood at $1,756 a tonne as on November 14. At this price point, 10% of the global smelters are incurring cash losses

Australia, New Zealand continue to bat for India's entry into RCEP

Officials of both the nations have been in touch with other partners in the free-trade agreement and were the real force behind the RCEP nations deciding to keep the door open for India

Insolvency regime for personal guarantors to corporate debtors from Dec 1

A case is taken up for resolution under the law only after approval from the National Company Law Tribunal (NCLT)