Page 2145 - Economy & Policy News

Cabinet decides to ban sale, production of e-cigarettes; ordinance soon

The move is a setback for Juul, the American e-cigarette maker that controlled 75 per cent of the US market at the end of 2018 and had seen online sales rising in India

Amazon, Flipkart woo sellers to ensure deep discounts in festive sales

Both Amazon India and Flipkart had said earlier this week that there were no signs of a slowdown in e-commerce

RBI decision to cut risk weights for retail loans credit negative: Moody's

The reduction in risk weights would encourage banks to increase their exposure to this loan segment at a time when credit risks are already increasing from a slowing economy, Moody's said

Govt policies, affordability, global warming to spur growth of agri inputs

Farm inputs such as fertilisers and pesticides are essential to the agriculture ecosystem and farmers' income, which govt wants to double by 2022

Govt plans to reduce stake in MMTC to 75%; STC, PEC may shut down

MMTC saw annual profit after taxes rise to Rs 81.43 crore in 2018-19, from Rs 48.84 crore in the year before, whereas with massive overheads, STC and PEC have both reported losses

Air India privatisation: Sitharaman meets Puri ahead of first GoM meeting

Officials from finance and civil aviation ministries have been discussing this key issue for a while now

Tax collection misses target by a wide margin; inches up 4.7% in Apr-Sep

Of the Rs 5.50 trillion collections, advance tax rose a tepid 7.3 per cent to Rs 2.20 trillion from Rs 2.05 crore, sources said

Govt approves 78-day wages as productivity bonus to railway employees

This is for the sixth consecutive year that productivity linked bonus is being given to railway employees

NTPC contains tariff rise with fall in coal imports, power blending

Govt-owned power generator saw its average nominal tariff rise marginally from Rs 3.30 to Rs 3.38 a unit between 2013-14 and 2018-19 even as Coal India post-tax coal prices rose at a 4.1% CAGR

Fitment panel rejects demands of GST rate cut for auto, biscuit industry

The Committee also rejected the telecom ministry's proposal to reduce GST rate for telecom services from the present 18 per cent to 12 per cent, sources said

Govt bans e-cigarettes amid global concern over health risks

Cabinet decided to ban e-cigarettes as they pose health risk to people, especially the youth

Smart Cities Mission: Ambitious at the outset, progress slow after 4 years

Lack of definition of a 'smart city', inadequate initial outlay and funding issues were some of the biggest roadblocks to its success

Petrol, diesel prices head north, see steepest hike since July 5

Petrol price was increased by 25 paise per litre to Rs 72.42 and diesel by 24 paise to Rs 65.82 in the Delhi market, which is sort of a national benchmark

UP energy watchdog cuts solar power tariffs, clears bidding for 500 mw

Adityanath government targetting renewable energy capacity of 10,700 mw

How crude is losing ground as the biggest strain on India's forex reserves

Electronics, machinery, iron & steel and coal together accounted for just half of India's petroleum import bill in FY14. In FY19, they matched the value of oil imports

Govt scraps 5% import duty on open cell TV panel to boost manufacturing

Open cell panel is an important part of TV manufacturing and cover more than half cost of the unit

GST Council unlikely to back tax cuts for automobile sector: Reports

A govt study has said the total annual revenue loss could be as much as Rs 50,000 cr, if the panel decided to lower tax rates for the auto sector to 18% from 28%

Non-residents' investments in India's mutual funds near Rs 1 trillion

It was Rs 86,000 crore a year ago

Govt scraps plans for PSB ETF launch this year as banks busy with mergers

No clarity yet on which banks' shares will make up ETF basket till the mergers

Delhi-Katra Vande Bharat Express to begin operations before festival season

The high speed train, which currently offers only chair car service, will bring down the travel time between Delhi and Katra