Page 2096 - Economy & Policy News

Economic slowdown hit jewellery and apparel sales this Diwali: Report

The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline

DGCA suspends 13 airport staff after they failed alcohol test since Sep 16

Seven employees of IndiGo, and one airside worker each of GoAir and SpiceJet have failed the alcohol tests since the rules were issued

E-tail discounts denting GST revenue, business model needs review: CAIT

CAIT has claimed that e-commerce companies Amazon and Flipkart and others were selling goods much below their market value thus denying the Government of its due legitimate GST revenue

Statsguru: Some insights on govt's direct tax revenue collection in FY18

Direct taxes, as a share of total tax revenue, rose to 55 per cent, close to its average level in the last few years

PSU disinvestment: DIPAM to hire advisors for sale of govt stake in CPSEs

The advisors would also help certain CPSEs to sell minority stake keeping in mind the current corporate laws, Sebi regulations, sectoral policy, and domestic as well as international market conditions

Carrot-and-stick economic model won't work everywhere: Deepak Nayyar

In his book, 'Resurgent Asia: Diversity in Development', Nayyar writes that Asia, is set to regain its dominant position in the global architecture

Sukhbir Singh Sandhu succeeds Nagendra Nath Sinha as new NHAI Chairman

Sandhu was Additional Secretary, Department of Higher Education, Ministry of Human Resource Development

HC directs DGCA, Aviation Ministry to probe into 'optional safety features'

The Division Bench of Justice DN Patel and Justice C Harishankar has directed the DGCA and the Ministry of Civil Aviation to consider the PIL as a representation and decide the same expeditiously

Nine new mineral blocks at Odisha's auctions may draw lukewarm bids

Stakeholders feel these blocks may lose out to the lapsing merchant blocks where it will be easier to recommence mining and achieve seamless production and despatch

IAS officers appointed on central deputation lowest in last 5 years: Govt

A total of 340 IAS officers were appointed under the CSS during 2014-15 as against 320 in 2015-16 and 247 during 2016-17

Yogi govt moots 'sugar tourism' with trips to mills and ethanol plants

Seven-member panel formed to study proposal, offer recommendations on action plan, selected sugar complexes, mode of travel and coordination with tourism department

How govt's new rules on drug retailing will make your life safer and better

Making essential drugs easily available is important in a country like India, which has less than one doctor per 1,000 people

Govt plans to make commonly used drugs available at local retail outlets

This is expected to help people in rural and far-flung areas, where pharmacies are rare

Online test for independent directors may be counterproductive, say experts

According to the National Stock Exchange database, there are over 5,500 individuals who hold 7,066 posts of independent directors.

Slowdown hasn't hurt small finance banks: ESAF Small Finance Bank CEO

ESAF Small Finance Bank, which began operations in March 2017, saw an over threefold jump in its net profit to Rs 90 crore in 2018-19

Gujarat HC serves notices on govt, GST council for breach of refund norms

Under the Rule 92 of the Central GST (CGST) Act, the claim of the refund has to be made in the RFD 04 form. Thereafter, the officer concerned can accept or reject the claim after his investigations

Govt plans to privatise 6 more airports, invest revenue in remote areas

Govt may tweak rule to cap number of airports an investor can bid for

FPIs infuse over Rs 3,800 crore into capital markets in October so far

FPIs have been net buyers for the second consecutive month. In September, FPIs invested a net Rs 6,557.8 crore in the domestic capital markets

RBI denies dipping into gold reserves, cites other factors for fluctuations

The central bank's gold reserves is valued at about $27 billion as of October 18, latest data showed

Indian economy on life support, structural reforms need of the hour

What's going on? The Indian economy is facing a perfect storm, beset by a combination of cyclical and structural factors that makes recovery doubly difficult