Page 2100 - Economy & Policy News

Chorus of dissent against Budget 2018 grows, tweets Chidambaram

'The chorus of dissent against Budget provisions grows. ... Dr Rathin Roy, Member, PMEAC joins Dr Panagariya'

Govt blames UPA II FM Chidambaram for relaxing 80:20 gold import scheme

Says 13 entities made windfall gain of Rs 45 billion from the decision taken three days before result of 2014 general elections

Govt likely to extend two-year debt moratorium for struggling textile units

People in the know said the Union Ministry of Textiles, under the leadership of Smriti Irani, has made a recommendation to the Ministry of Finance

Online proficiency self-assessment test for independent directors from Dec

Recent corporate scams have turned the heat on company directors, who, the government feels, failed to detect any signs of trouble

Centre relaxes gift policy for employees, hikes monetary limits

Officials under Group A and Group B cannot accept any gift without the nod of the government if the value exceeds Rs 5,000

States to miss debt target on slow economic growth: India Ratings

RBI data showed that fiscal deficit of states rose to 2.9% of gross domestic product (GDP) in their Revised Estimates, from 2.6% in their Budget Estimates for FY19

Crime rate rises in 2017; women remain vulnerable, shows NCRB data

The National Crime Records Bureau has released data on crime in 2017, with a massive lag of more than a year. Crime rose from 3,793 per million in 2016 to 3,886 per million in 2017

Bombay High Court seeks P Chidambaram's response on 63 Moons suit

The court rejected a plea by Chidambaram's counsel to grant the former finance minister some leeway on the grounds that he is currently in jail.

I-T dept scans 30,000 individuals for remitting money abroad via RBI scheme

Most of the assessees in question are either traders or professionals; there are also those who sent money abroad for donation purposes

CAIT urges PM not to concede any ground to Walmart, e-commerce firms

Confederation of All India Traders (CAIT) wrote to the Prime Minister after Walmart CEO Doug McMillon raised issues concerning data privacy and regulatory stability for the e-commerce sector

UP demands special package from Finance Comm to hit trillion-dollar economy

N K Singh, Commission chairman, said the demand for special packages had emerged from all the 27 states, that the Commission had so far visited, and UP was no different

Odisha kicks off process to reach out to industries for business reforms

To commence, the state government hosted the maiden workshop at Angul to sensitize the industry on a suite of business reforms

Domestic steel prices drop below anti-dumping duty threshold level: Icra

Price decline attributed to weak domestic demand; fall in China export prices poses challenge to Indian steel exports

DPIIT plans to make single window system to handhold foreign investors

The single-window system is likely to have representatives from both the Centre and state governments, the official said

Govt to soon bring changes to make one single definition of MSMEs: Gadkari

The new definition is likely to be effected through an amendment to the MSME Act and may lead to further improvement in India's ease of doing business scenario

Abhijit Banerjee calls for aggressive changes to deal with banking crisis

Banerjee said there is need to bring down stake of the government to below 50 per cent in banks so that the decisions are taken without fear of Central Vigilance Commission

Excellent meeting with Nobel Laureate Abhijit Banerjee, says PM Modi

Esther Duflo not present at the meeting

Seafood exporters upbeat on UK post Brexit, view it as 'fairer' than EU

In 2016, the EU had toughened its inspection norms for aquaculture products from India

Govt employees of J&K, Ladakh UTs to get salaries as per 7th pay commission

Home Minister Amit Shah has approved the proposal of payment of all 7th CPC allowances to the government employees of Union Territory of Jammu and Kashmir and Union Territory of Ladakh

PM Modi sets off for Britain with eye on post-Brexit trade

India's trade with Britain will also be affected if volatility hits the British currency, the pound