Page 2106 - Economy & Policy News

Centre drafts franchisee model for power supply, urges states to take it up

The plan proposes a "light-handed approach" towards franchisees to incentivise, discount and set tariff (within stipulated range) for electricity supply in an area

IMF slashes India's FY20 GDP growth forecast to 6.1% from 7%

As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook projected India's growth rate at 6.1 per cent in 2019

Food ministry shows bias in favour of plastic bags as jute industry falters

Supply of jute bags from jute ministry has remained patchy during the kharif marketing season, prompting the Food ministry to look for other alternatives

India's September trade deficit narrows to $10.86 bn, oil imports fall 18%

Merchandise exports fell 6.57% to $26.03 billion in September compared with a year earlier, while imports were down 13.85%

India's exports dip 6.57% in September at $26 bn; imports contract 13.58%

Trade deficit declined to $10.86 billion in September, according to official data released on Tuesday

UP allows retail investors to bid for govt bonds on non-competitive basis

They can specify the amount they want to buy, without quoting yield or price; allotment will be on weighted average price/yield of institutional buyers

Railways launch 9 new trains connecting small towns to major cities

Goyal said the nine "Sewa Service" trains were launched without any additional investment by the railways and it was an example of how to use existing resources to the maximum

Govt plans to train women across villages to combat water crisis

Inadequate water supply, sanitation and hygiene cost India around 0.8 per cent of its gross domestic product, according to the World Bank

India has huge potential for trade with US, no dispute: Piyush Goyal

Talking about these differences he also said that a little uncertainty in any relation is also good for having healthy bilateral relations

FM Nirmala Sitharaman defends govt's policies after husband's remarks

In the article, Prabhakar said the BJP should adopt the Rao-Singh economic model, which paved the way for liberalisation of the economy, instead of "critiquing the Nehruvian socialism"

The Abhijit Banerjee I knew, and the geometry problem he gave me

Abhijit Banerjee, Esther Duflo and Michael Kremer have won the 2019 Nobel Economics Prize for their work in fighting poverty.

Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman

NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.

UK Sinha-led panel's plan for phased roll-out of group insolvency norms

UK Sinha-led committee recommends coordination in domestic companies of a group in the first phase

Retail inflation at 14-month high, WPI falls to 39-month low of 0.33%

The CPI food inflation rate rose to 5.11 per cent in September

RCEP nations target final 10-day window to close talks by October 22

India aims to finalise import cap mechanism, tariff reduction before Nov 4 deadline

Formula on cards to distribute insolvency funds: Corporate Affairs Secy

Srinivas said the "only problem" between financial and operational creditors during the litigation process in bankruptcy cases remains the amount of recovery that the creditors get

Spectrum price reform in the works: Telecom minister Ravi Shankar Prasad

Telecom operators, battling financial stress, have for long voiced their protest against high base price of 5G spectrum

In economics of helping the poor, Abhijit Banerjee gives clear answers

Banerjee, Duflo and Kremer together have launched a movement within development economics

Refiners slash palm oil purchase from Malaysia fearing duty hike

To be "on cautious side, buyers are preferring Indonesian shipments to avoid any possible impact of higher duties."

Shaktikanta Das to meet heads of public sector banks on Tuesday

Bankers' parleys with top policymakers come at a time when growth has slowed to a six-year low due to consumption slowdown and lack of private sector investments