Page 2125 - Economy & Policy News

Forex reserves scale record high of $434.6 billion as on October 1

According to the latest weekly data, the reserves surged by massive USD 5.022 billion to USD 433.594 billion for the week to September 27

Auto slowdown: Ashok Leyland declares no production from October 2 to 15

The firm's sales declined across categories in September

Bosch India to stop engine production to adjust with market demand

In August, the company had announced that it will temporarily stop production at its two plants separately during the month for a total of 13 days to "avoid unnecessary build-up of inventory"

DPIIT Secy assures new e-commerce policy will be 'good and sound'

He said that when the Government of India makes a policy, it has to listen to each and every stakeholder in the country

RBI cut in lending rate complements govt's measures for growth: FinMin

The government has taken a slew of measures since August 23 to pull the economy out of a six-year low growth and a 45-year high unemployment rate by reviving private investments

From GDP growth revision to NEFT availability: Key highlights of RBI Policy

Citing geo-political uncertainties and elevated food prices, the RBI revised inflation projection upward to 3.4 per cent for Q2FY20, while projections were retained at 3.5-3.7 per cent for H2FY20

Panel to review security, privacy of citizen data, UIDAI's functioning

The committee will also review of functioning of the telecom regulator TRAI, Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL)

Services activity falls to 48.7 in Sep; second contraction this year: PMI

India's economy has been hobbled by a demand slump, prompting policymakers to step up fiscal and monetary stimulus to revive growth

Monetary Policy: Here's what leading brokerages, analysts expect from RBI

The central bank is likely to cut repo rate for the fifth time in a row

Petrol, diesel prices may come down as oil supply woes have subsided

India's diversified crude and product basket was one reason that helped India in avoiding the Saudi Aramco crisis.

Country's first private train, Tejas Express to pay you if there is a delay

Many countries and cities over the globe compensate passengers for delays - some do so as monetary compensation and some in kind

Govt nod must for MoUs with Chinese institutes: UGC tells universities

UGC has sent letters to vice chancellors of all universities in this regard

Slash personal tax, give confidence to stakeholders: India Inc at WEF

Govt officials said more structural reforms, after the ones announced recently, would be forthcoming.

E-commerce must not use muscle power of large capital: Piyush Goyal

This was in response to Ross blaming policy for Amazon's India investment cut

India has opportunity to gain from US-China trade war: Wilbur Ross at WEF

US will highlight how India can step into the breach in Beijing's exports to Washington, Ross said

August economic activity worse than 2008 financial crisis, says Nomura

GDP growth in Q2 may dip below 5%; full-year forecast of 6% gets riskier, it says

MP, Punjab express concerns over delay in release of GST share by Centre

Nath said the GST is not being executed properly and several amendments were being made in quick succession

Kerala finance minister Thomas Isaac blames 'mess in GST' for low mop-up

Isaac tweeted that the record low GST collections in Sept not only reflected an economic slowdown, but also mess in GST administration.

Govt says will shield small retailers, US calls for fair e-commerce policy

Piyush Goyal says government 'politically compelled' to ensure that small businesses are not forced out

Govt says Saudi crisis over, oil firms expect fuel prices to come down

On Thursday, the price of petrol dropped by 10 paise to Rs 74.51 a litre and diesel by 6 paisa to Rs 67.43 a litre in Delhi, the first cut since September 8