Page 2070 - Economy & Policy News

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)

AGR dues: Govt considering Bharti Airtel, Vodafone Idea requests for relief

India has formed a panel of bureaucrats to suggest ways to alleviate financial pressures on the telecom sector

Delhi GST unit unearths racket involving fake invoices; two arrested

The accused were found to be operating 42 fake firms created to facilitate fraudulent Input Tax Credit (ITC), thus defrauding the exchequer

Trade deficit narrows to $11.01 billion in October on lower oil imports

Oil imports fell 31.74 per cent to $9.63 billion in October from $14.11 billion in the year-ago period

NITI Aayog to soon release a report on health system for new India

The report reveals India's health system as a story of multiple fragmentations

OPEC+ faces 'major challenge' from competitors' surging output: IEA

"The OPEC+ countries face a major challenge in 2020 as demand for their crude is expected to fall sharply," the Paris-based agency said in a monthly report

Govt notifies insolvency rules for financial service providers' resolution

The move also comes against the backdrop of instances of various FSPs facing problems

SC nod for Agra Metro awaited, work on Kanpur leg starts today: Adityanath

UP CM said state had sought apex court's permission for Agra due to existence of Taj Trapezium Zone, an area of 10,400 sq km around Taj Mahal, to protect the world famous monument from pollution

Trai open house calls for zero mobile termination charge from next year

Reliance Jio said that delaying implementation of zero call connect charges beyond January 2020 will hurt affordability of telecom services

India seeking Israel help for 'tap-water to every Indian by 2024': Minister

Israel has made water recycling an integral part of daily life

Rural distress: Untimely rains hit summer crops, delay winter sowing

The recent wet spell is also forcing farmers to delay sowing winter crops, placing a further drag on the rural economy at a time when India's economic growth has slumped to a six-year low

Govt plans to introduce a 'One Nation, One Pay Day' system, says Gangwar

Gangwar mentioned that since taking the office in 2014, Modi government has consistently worked on reforming labour laws

Land-buying hurdle hits private equity firms betting on warehousing units

The JV had an equity base of $250 million. Four years since the signing of the pact, people in the know say the JV may invest just $100 million

DoT didn't approach Trai for views on floor price for tariffs, says chief

We have not received anything," Sharma said when asked if the DoT has approached Telecom Regulatory Authority of India

Modinomics stinks so bad govt has to hide own reports: Rahul on NSO data

The report also claimed the NSO report was approved to be released on June 19, 2019, but was withheld by the government agency owing to its "adverse" findings

Why Vodafone-Idea is in trouble despite being India's No. 2 telecom firm

Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company

Consumer spend sees first fall in 4 decades on weak rural demand: NSO data

In rural areas, it declined by 8.8% in 2017-18; in cities, it rose by 2% over 6 years

India's PC market grew 15.8% to 3.1 million units in Q3, says IDC report

Lenovo led the tally with 28.5 per cent share in September 2019 quarter, followed by HP (26.4 per cent)