Page 2178 - Economy & Policy News

Utilising RBI's revaluation balances a moral hazard: Bimal Jalan panel

The committee said it will become a precedent for using rupee depreciation to fund fiscal expenditure

Govt clears 75 hospitals with 15,700 MBBS seats in 'aspirational districts'

The medical colleges would be set up at an estimated cost of Rs 24,375 crore

Govt okays 100% FDI in contract mfg, eases rules for single brand retail

The Union Cabinet also approved 100% FDI under automatic route in coal mining and associated infrastructure

India set to outlaw six single-use plastic products on October 2: Report

India lacks an organised system for management of plastic waste, leading to widespread littering across its towns and cities

Asian steel firms get negative outlook from Moody's on weaker profitability

Cites rising input costs, inability to pass on higher costs for revised outlook; India's steel demand to remain strongest in region, but auto and manufacturing sector demand could drag

India's crude steel production rises 1.7% to 9.2 MT in July: Report

The country had produced 9.059 MT of crude steel during the same month a year ago, the World Steel Association said in its latest report

Power engineers demand audit of privatised assets, impact on banks

Public sector technocrats oppose alleged privatisation of power supply channels

India Ratings cuts FY20 GDP forecast to 6.7% from earlier estimate of 7.3%

It said the rising global trade tension will also have an adverse impact on exports

India can increase trade footprint amid US-China tiff, says DBS Bank report

Apart from trade, diversion in investment flows is an opportunity that India could benefit from, as manufacturers seek alternative origination destinations, said the report

Task force recommends four far-reaching changes in Income Tax law

Suggests rejig in tax slabs, with some relief for those earning up to Rs 55 lakh a year; Corporation tax rate may come to 25% for all; DDT may go, procedures for dispute settlement may be streamlined

Ban on single-use plastic to have little impact on jobs in the industry

Overall employment in the sector makes up just one month's addition to the Indian workforce; larger issue is getting the low-income user to adopt friendlier albeit costlier alternatives

Indian economy in transition, slowdown won't stay forever: Vedanta

The remarks come at a time when IMF and Asian Development Bank (ADB) have lowered India's growth forecast, citing global and domestic headwinds

Jal Jeevan Mission: A mammoth task, a sea of business opportunities

The mission requires a staggering Rs 3.5 trillion to cover piping to 90,000 households a day for five years; this is where private participation might become crucial

Cost of EVs will be at par with fossil fuel cars in 3-4 years: Amitabh Kant

Kant said India has made huge commitments in the Paris Accord and remains committed to reduce its total pollution by almost 35 per cent, unlike the US which has backed out of it

Govt may end ban on foreign investment in coal mining; decision likely soon

Other proposals under consideration include raising investment limits in digital media and easing rules for retailers selling a single brand

Indian Bonds rally on RBI windfall, focus now on 10Y issuance: Report

The global financial services major DBS, however, noted that interests in this paper is likely to be lukewarm ahead of the new 10Y issuance in September or October

Rate cuts not enough to boost liquidity-starved housing market: Poll

The government's own assessment is that the lack of available credit is the worst in over 70 years

Delhi's free power plan to cost Rs 500 cr; power subsidy at Rs 2,250 cr

Delhi Assembly on Monday had passed the supplementary demand for grants, including Rs 535 crore for full waiver on power consumption up to 200 units by domestic consumers, in the current year

As animal spirits sag, FM's announcements may fall short of spurring growth

As India's investment and consumption activity worsened in July, the measures announced by the FM to revive the economy will boost market sentiment but are unlikely to propel growth

Cabinet may ease FDI norms in single-brand retail, insurance today

In the Budget, the government had made clear its intent to further relax FDI norms in several sectors