Page 2183 - Economy & Policy News

Amit Shah said resuming mining in Goa govt's priority, says state BJP

The Supreme Court in March 2018 scrapped licences given to mining companies in the state.

Govt may decide on Odisha plea on iron ore area limit hike in two weeks

Earlier, the Union mines ministry had turned down a proposal of the Odisha government to increase the area limit of mining lease for iron ore

HSBC lays off 150 employees from India back offices for 'realignment'

The layoffs were are at the mid-management level at HSBC centres in Pune and Hyderabad.

Government to launch an e-commerce portal to help SMEs: Nitin Gadkari

The minister said MSME sector is likely to contribute 50 per cent to the total GDP in the next five years

Govt files IPO document for IRCTC with Sebi, plans to offload 12% stake

The share sale could fetch between Rs 500 crore and Rs 600 crore and help the government with its disinvestment target

Minutes of MPC meeting: Fixing weak economic growth remains top priority

What is telling is that large swings in the Indian business cycle are still not a thing of the past, despite the adoption of inflation targeting in India

India's widening debt market cracks threaten to swallow realty tycoons

The weak performance of property businesses and an acute liquidity crunch were cited as key reasons for rating downgrades

Electricity meter makers stare at Rs 6,000-crore dues from states

The meter industry is also concerned about another scheme of the government, which would entail replacing all existing meters with smart meters

Direct tax collection sees dismal growth; mid-August mop-up growth under 5%

The collections had shot up that year because people regularised their unaccounted income by paying higher levies

EPFO appoints UTI AMC, SBI Mutual Fund as fund managers

Besides, the Employees' Provident Fund Organisation (EPFO) also approved a proposal for early redemption of its investment of around Rs 700 crore in bonds of DHFL

BJP leaders to meet officials, economists to talk growth, demand slowdown

Former chief economic advisor Arvind Virmani and State Bank of India's group chief economic advisor Soumya Kanti Ghosh are likely to attend the event

No deadline: Centre allays auto sector's electric vehicle concerns

Automakers have expressed apprehensions over the government's vigorous push to convert 15 per cent of all vehicle sales in the next five years into electric-powered ones

Govt, industry to talk curbing duty evasion by Chinese e-tailers

The meeting, called by the Central Board of Indirect Taxes and Customs, will see representation from e-commerce players like Amazon and Flipkart

Investments in realty sector triple to Rs 1.4 trn from 2014-2018: Report

Institutional investments in commercial office space rose to Rs 62,200 crore during 2014-18 from Rs 10,500 crore, a whopping six fold jump due to strong office space demand

No deadline for transition to electric vehicles, says govt official

The Niti Aayog has suggested transition to full electric vehicles for three-wheelers by 2023

Health ministry opposes proposal to hold common entrance exam for varsities

The draft also talks about creating school complexes which experts feel would only be successful in urban areas as it is in these areas that adequate teachers are available

Bank unions revise demands, to seek pay rise of 20% at IBA talks

The key reason behind UBFA's revised demand from the 15 per cent earlier is that the gap between what bank employees earn when compared to those in the government's equivalent grade has widened

Stop personalising profits, socialising losses: CEA to India Inc

He also said it will be only investment and not consumption that will help the economy grow

RTGS system to open at 7 AM from August 26 as RBI extends operating hours

At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 0800 hours to 1800 hours

Need to examine issues on 35% minimum public shareholding plan: Sebi chief

In the latest Union Budget, Finance Minister Nirmala Sitharaman proposed 35 per cent minimum public shareholding requirement for listed companies