Page 2176 - Economy & Policy News

Manufacturing growth in August falls to 15-month low, sales slow down

PMI survey says competitive pressures and challenging market conditions restricting growth.

NHAI to offer roads as collateral, in talks with SBI to fund projects

Only SBI has agreed in-principle for the securitisation model

Economists predict deeper interest-rate cuts, slow economic growth

GDP rose 5 per cent in the June quarter from a year ago, the slowest pace in six years and lower than all the forecasts in a Bloomberg survey of economists

Growth of 8 core sectors slows to 2.1% in July, recovers from 50-month low

Yet, it recovers from a 50-month low in June as cement output jumps

More than 260,000 people in danger of losing jobs over lapsing mines

The validity of 329 mining leases will cease by March 31, causing job losses for 264,000

Railways testing waters for locomotives to run on lithium-ion batteries

A locomotive, powered by lithium-ion batteries, has already been developed and put into operation at the Eastern Railway

No compromise on telecom security, says minister on Huawei spying concerns

The remarks come in the backdrop of US' concerns over deployment of Huawei telecom gear in new and upcoming networks

Automakers call for tax cuts as sales fall and analysts slash forecasts

Passenger vehicles sales in the country are set to fall for a tenth consecutive month in August.

India's seizures of smuggled gold jumps in June quarter: Official

The illegal trade could rise further in coming months as India, the world's second biggest gold consumer, raised an import tax on gold by 2.5 percentage points to 12.5% in July's federal budget

Fintech panel suggest legal framework to protect digital services consumers

The report said the Department of Financial Services should work with PSU banks to bring in more efficiency to their work and reduce fraud and security risks

Core sector growth slows to 2.1% in July compared to 7.3% last year

During April-July, output rose 3% from the year-ago period, according to the data

Chhattisgarh promoting tea cultivation in northern belt

To start with, state govt has earmarked 5-acre private land for plantation at village Lalya in Mainpat; govt to give all assistance to farmer taking up cultivation

India's GDP growth rebound expected to be weaker: Fitch Solutions

India's real GDP growth slumped further in Q1 of FY2019/20 (AprilMarch) to 5 per cent year-on-year, from 5.8 per cent in Q4

DBS lowers India's FY20 GDP growth to 6.2%; expects another rate cut in Dec

Real GDP slowed to 5% year-on-year in 2Q (first quarter of FY20) from the first quarter's 5.8%, below DBS' sub-consensus and market expectations

Chhattisgarh promoting tea cultivation in northern belt

To start with, state govt has earmarked 5-acre private land for plantation at village Lalya in Mainpat; govt to give all assistance to farmer taking up cultivation

I-T dept to issue PAN if taxpayers use Aadhaar for filing returns: CBDT

PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT

World Bank to fund pro-poor tourism development projects worth $57 mn

While the World Bank will incur 70% of the project cost, the remaining 30% will be borne by the UP government

Growth may have bottomed in June qtr; recovery cycle to be elongated: UBS

India's economic growth has slumped for the fifth straight quarter to an over six-year low of 5% in the three months ended June as consumer demand and private investment slowed

Manufacturing growth down at 15-month low in August on demand slowdown: PMI

This is the 25th consecutive month that the manufacturing PMI has remained above the 50-point mark

No silver bullet: Benefits of bank mergers to be visible only in long term

Whether folding one weak bank into another will make the combined entity any stronger remains to be seen