Page 2081 - Economy & Policy News

Revenue intelligence officers should act as facilitators for taxpayers: FM

Sitharaman said the new officers have a better and a bigger role to play as facilitators

Govt notifies scrapping policy, mandates discounts on junking old cars

OEMs, dealers to aid the collection of old vehicles, recyclable spares through the take-back scheme, or by setting up scrapping centres or through tie-ups with such facilities

Moody's rating action unjustified; experts for aggressive rate cut by RBI

Given the economic slump, most economists have lowered their FY20 growth estimates and expect the RBI to be more aggressive in cutting rates going ahead

Forex reserves up by $3.5 bn to a new lifetime high of $446 billion

In the previous week, the reserves had increased by $1.832 billion to $442.583 billion

Linear infra companies eye road deals as railway, power projects dry up

Currently, linear infra companies participate in highway construction and their share in the overall road construction mix is 25 per cent

A mini trade deal to be India's focus during Piyush Goyal's US visit

Minister also scheduled to meet US medical devices' association

Economic Slump has bottomed out; expect revival from here: Govt official

The official said the government has been sensitive to the concerns of all sectors and has been proactively taking measures to address them.

Delay in shifting 200 affected families slows Navi Mumbai airport project

On August 31, the GVK group-led Navi Mumbai International Airport awarded the airport's engineering procurement and construction contract to Larsen & Toubro

India has clocked four-fold jump in cruise calling in 2 years: MoS Shipping

The minister further said the government is also taking initiatives to develop inland waterways for river cruise tourism

India's cotton output set to jump 14%, exports to remain steady: Trade body

India saw its highest monsoon rainfall in 25 years during the June-September season and rains even continued in October and November.

Trai to review regulatory regime for international call termination charges

The regulator noted that the characteristics of the telecom market in India as well as globally is 'changing very fast'

Moody's cuts outlook on SBI, HDFC Bank, Infosys, many other Indian firms

The rating outlooks for Bank of India, Canara Bank, Syndicate Bank and Union Bank of India are maintained at stable.

India's retail inflation may have breached RBI's comfort level of 4% in Oct

Prices of most vegetables climbed during the month as monsoon downpours delayed harvests and disrupted supplies.

Onion price: MMTC to import from Dubai, other nations to cool control rates

Onion prices have risen sharply for more than a month due to tight supply

11.11 UC Shopping Fest: UC Browser partners with Paytm Mall, Paytm First

On November 11, a big treasure box is up for grabs with the opportunity to win the whole 5 listed products for free.

Prudent spending, higher revenue may revive Indian economic growth: DBS

Moody's decision to change the outlook to negative reflects increasing risks that economic growth will remain lower

Electricity generation from thermal plants stagnates during Apr-Sept period

CEA data shows a modest 0.92% rise in power produced by Thermal units, compared to a 25% spike by nuclear plants and 15% rise by hydro

India starts investigation into rise in Korean synthetic rubber imports

An application has been filed by Reliance Industries Ltd alleging increased imports of 'Polybutadiene Rubber' from Korea causing serious harm to the domestic producer

Steel minister okays iron ore supply to Andhra for greenfield steel project

NMDC to soon sign an MoU with Andhra govt for ore linkage; steel minister Pradhan hints at huge petroleum investments in state, say players want to park as much as Rs 2 trn in the east coast

UP mulls stepping up onion imports from other states to cool runaway prices

State to come down hard on hoarders as prices hit Rs 80-100 a kg; stock ceiling not yet fixed