Page 2101 - Economy & Policy News

Govt likely to extend benefits to exporters under MEIS till March 31

The decision to extend MEIS benefits is expected to draw the biggest cheer from the industry

India's household wealth more than doubles to $12.6 trn in 2019: Report

The wealth per adult stood at $14,569 as per the report, or up 3.3 percent, while their debt grew 11.5 percent to $120 billion

Piyush Goyal says most trade issues with US resolved, announcement soon

Minister bats for 'much larger engagement' like a bilateral trade agreement

Indo-US ties 'extremely strong', can overcome any obstacle: Jaishankar

India is demanding exemption from high duties imposed by the US on certain steel and aluminium products

India's energy trade with US to jump 40% to $10 billion in FY20: Pradhan

In a short period, the US has become one of the top 10 sources of crude oil for India

India contributes 7% to global wealth rise, says Credit Suisse report

The biggest contribution has come from the US at $4 trillion (45% of total) and China at $1.9 trillion (21% of total)

Spending to demand, global context to India's trade: Explained in 6 charts

While India's growth stands shoulder-to-shoulder with a slowing China, the IMF expects the US to grow at a slower pace in the coming years

Will first protect industry before entering into any pact: Goyal on RCEP

Goyal said the government would protect national interest first and does not fritter away FTAs like "we saw in 2009-10 period of Congress regime, where agreements were done in a hurry"

Bank unions to go on first major strike on October 22 against merger

While banking operations are expected to be hit due to the strike, many banks, including branches of SBI are likely to remain open

States slow to identify projects, spend funds under Mineral Foundation

Data posted on the Ministry of mines website shows 21 mineral rich states have barely been able to expend 36% of the funds approved under DMF

Sugar exports stay largely muted over low prices in international market

Meanwhile, UP chief minister Yogi Adityanath today acknowledged the tight liquidity situation of millers owing to low global sugar prices

India says differences resolved with US for trade deal, announcement soon

Goyal told a business conference that he was hoping to meet United States Trade Representative Robert Lighthizer soon

Govt rolls out 6th tranche of gold bonds, fixes issue price at Rs 3835/gram

The Sovereign Gold Bond (SGB) Scheme 2019-20 - Series VI will close for subscription on the day of Dhanteras that is October 25

UN endorses India's steps to address hunger, malnutrition to achieve SGD

In 2015, India, along with other countries, signed the declaration on the 2030 Agenda for Sustainable Development, comprising 17 Sustainable Development Goals

FY20 gross tax revenue likely to fall short by around Rs 2 trillion

FinMin is said to have shared assessment with 15th FC

IRCTC to pay around Rs 1.62 L as compensation after Tejas Express delayed

While 450 passengers travelling from Lucknow to Delhi will get Rs 250 each as compensation, 500 passengers who were travelling from Delhi to Lucknow will be paid Rs 100 each

DPIIT working on mechanism to help investors set up facilities in India

The proposal is being sent to the Commerce and Industry Minister Piyush Goyal for approval, following which it will set up an investment promotion and facilitation agency Invest India

Make sure insurance ads are clear, fair and not misleading: Irdai to firms

The Irdai in a circular on 'insurance advertisements' has prescribed dos and don'ts for insurance companies to comply with.

Competition Act: Govt to introduce a 'commitment and settlement' clause

The amendment will be made to regulate acquisitions by digital firms that don't have large assets in India, such as Facebook and escape CCI scrutiny

Kamal Nath on a charm offensive to woo investors amid economic slowdown

A slump in growth and declining economic activities across sectors portended that it would be difficult to attract investment at this juncture