Page 2150 - Economy & Policy News

5% GDP growth in Q1 a surprise, but govt's steps will help economy: RBI Guv

Expressing concern over the first quarter GDP numbers, the RBI Governor said the numbers definitely looked much worse because the RBI had projected 5.8 per cent

Tamil Nadu EV policy seeks to attract Rs 50,000 cr, create 150,000 jobs

Venture fund for start-ups in this space, 100% reimbursement of SGST on EV sales, zero electricity tax are some of the measures set out in the policy

Controversies, vigilance probe bring Vande Bharat Express to a standstill

Train 18 - named for the year of its launch -was India's first semi-high speed train

BHEL, BSNL, Coal India warn of pay cuts after unmet targets, cash crunch

BSNL has moved to impose a penalty recoverable from staff salary in proportion to non-achievement of targets

Air India's arm raises Rs 7,000 cr from bond market to dilute debt burden

The bond was floated at 6.99%, around 86 bps higher than the three-year govt bond yield, to be followed by a Rs 15,000 crore bond issue in two weeks

WPI inflation unchanged at around 1% in August, gives RBI room for rate cut

Food inflation rises, but core turns into deflation, prompting rate cut hope

Current account maybe impacted if oil crisis continues: Shaktikanta Das

Drone attack damaged the world's biggest crude oil processing plant in Saudi Arabia and led to a 19 per cent surge in oil prices.

Rate cut alone can't arrest slump, boost rural demand: SBI report

Economists at State Bank Research also warned that any attempt to trim government spending to maintain the fiscal numbers will be severely detrimental to growth

Odisha eyes Rs 5 cr from online sales of recently launched Koraput Coffee

Brisk sales seen in offline model, farmers in tribal belt take to planting the variety in a big way again

Govt proposes to significantly reduce fees for IPRs for MSMEs, startups

For design applications filing, fees for MSMEs and startups will be reduced to Rs 1,000 from Rs 2,000, the ministry said

Left parties to organise joint protest against 'deepening economic crisis'

In the joint statement, the leaders of the five Left parties said a protest will be organised to highlight the growing misery on the People

State tourism ministers seek cut in GST on hotel rooms to boost sector

Resolution passed at conclave of ministers also calls for lower airfares, rationalisation of inter-state tourist vehicle taxes

Govt to reduce insurance premium rates for small exporters to 0.6%: Goyal

Further, premium rates for exporters having outstanding limit of over Rs 80 crore will be streamlined with a view to help them

Saudi attacks to hit India's oil import bill, rupee immediate casualty: DBS

'Every dollar move in the Brent prices adds around $2 billion to India's oil imports bill'

WPI inflation unchanged at 1.08% in Aug, gives RBI room for rate cut

Inflation in food articles rose to 7.67 per cent during the month as against 6.15 per cent in July mainly on account of rise in prices of vegetables and protein-rich items

Does the world have enough oil to cope with Saudi attacks?

Saturday's sudden disappearance of millions of barrels of Saudi crude production led to the biggest spike in Brent futures since they were launched

Unsold spectrum resulted in Rs 5.4 trillion losses, claims industry group

In the last auctions held in October 2016, over 1300 MHz of radio spectrum (or 59 per cent) remained unsold, leading to significant unrealised potential, it said

After Andhra, Rajasthan govt weighs reserving 75% private jobs for locals

An official aware of such developments said various government departments would hold a brainstorming session on it soon

Slowdown blues: UP to plug gaps, intensify enforcement as tax purse shrinks

Yogi government to auction stone quarries, curb illegal mining to expand kitty

August WPI inflation remains unchanged at 1.08%, eases on YoY basis

In August 2018, the WPI had risen to 4.62%