Page 2155 - Economy & Policy News

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%

Old wine, new bottle: $7-bn exporter refund old plan with Rs 9,000 cr added

The new program will subsume existing export incentives, for which the government had already penciled in a revenue hit of Rs 41,000 crore in July

Drive to install smart meters in every household is off to a slow start

Supply has been lagging, but EESL says earlier kinks in system getting smoothened

SC rejects plea seeking clarity on restructuring wages for EPF deduction

At present, inspectors are allowed to assess dues and inspect old records with no time limit

Auto sector's rate-cut hopes fade as GST cess collection declines

Some states have asked for rate cuts for 5-star hotels; relief for cement, biscuit industries may be discussed

Is agriculture credit being used for the right purpose? RBI questions

Points to data showing its diversion and uneven distribution across many states

Post-sale discount under GST: A clear position may help boost festive sales

Discounts are a well-understood concept commercially, as well as under tax laws

Power gencos outstanding dues on discoms jump 57% to Rs 73,000 cr in July

According to PRAAPTI portal, discoms owed a total of Rs 46,779 crore to power generation companies in July 2018.

Govt steps fell short of expectations, didn't address key demands: CREDAI

CREDAI's National Chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact

Exporters hail govt sops, say they will boost shipments amid slowdown

Giving three months lead time till 31st December to the existing incentive scheme MEIS (Exports from India Scheme) will remove the uncertainty

Govt to set up 1,023 special courts for expediting over 160,000 POCSO cases

Each of these special courts are expected to dispose of at least 165 such case per year, said a proposal by the Department of Justice under Union Law Ministry

Govt sets $850-a-tonne minimum price for onion exports, allows import

Decision follows sudden spurt in onion prices, which have more than doubled since August; Traders says govt action unwarranted

Adityanath govt plans Rs 1,000 cr start-up fund in self-employment boost

New start-up policy on anvil with focus on agro, energy sectors

FPIs turn net buyers, infuse Rs 1,841 cr in first half of Sept

The latest inflows have been triggered by improving investor sentiment on the back of easing US-China trade war and supporting macroeconomic data, experts said