Page 2184 - Economy & Policy News

India introduces flexible e-tourist visa with lower fee for lean season

India to offer 30-day e-tourist visa with $10-fee during the lean period from April to June and $25-fee during peak tourism period from July to March

Odisha clears Rs 2.04-trn investments; focus on sectors other than mining

The new investments will generate direct employment for 30,000 people while creating indirect job opportunities for 100,000 others

Resolve trade tension with India as soon as possible: US lawmaker to Trump

The issue of trade tension came up in a telephonic conversation between President Donald Trump and Prime Minister Narendra Modi on Monday

Visa talks tough on govt's move towards no-fee debit card transaction

Visa critical of India's move towards no-fee debit card transactions

15th Finance Commission may cut number of centrally-sponsored schemes

The Centre, not the Finance Commission, is deciding the evaluation of the schemes and the sub-schemes to be pruned

Time to formally link rates to repo, says RBI Governor Shaktikanta Das

Shaktikanta Das likely to initiate required steps in coming weeks

Use artificial intelligence for tax compliance: Direct tax panel

The panel has also proposed to introduce collaborative compliance in direct tax administration

3 years on, just 6% resolution plans accepted under IBC, says report

Of the 2,162 cases admitted under the IBC, corporate insolvency resolution process of 1,292 cases are going on

Only 8% of housing project launches in Q2 hit by subvention scheme ban

Ban impact is also minimal given that, as early as 2013, RBI had already curbed banks' up-front loans to developers offering such schemes for under-construction or greenfield projects

Slowdown 'very worrisome, businesses complaining aloud': Raghuram Rajan

Rajan also said "a fresh set of reforms" are now needed to boost the economy and growth rate

PM Modi tells Trump India, US will hopefully meet soon to discuss trade

US and Indian trade negotiators ended talks in July without making major progress on a range of disputes.

Domestic ports turn the tide, register growth amid economic slowdown

Bulk commodities hold the fort for domestic players

Railway project to link Kashmir with rest of India put on fast track

The project is now being directly monitored by the Prime Minister's Office for its faster completion

Govt removes debenture reserve requirement for HFCs, NBFCs, listed firms

Under the companies law, these entities raising money had to create Debenture Redemption Reserve (DRR) and that requirement has now been done away with

Solar rooftop capacity sees record addition, ground-mounted lags behind

India is aiming to install 100 Gw of solar power by 2022, of which 40 Gw is to come from solar rooftop

Development, environment should be in tandem for $5 trn economy: Javdekar

The minister also said that under his leadership, the government has already reduced the number of days of granting environmental approvals from 640 days to 108 days

From banks to automakers, hiring slowing across most sectors: Care Ratings

The services sector, which accounts for a bulk of the economy, was the lone sweet spot that displayed robust jobs growth

FinMin considers stress fund for infra sectors: Urban Affairs Secretary

Finance Minister Nirmala Sitharaman had already held consultations with various stakeholders, including industry, banks, homebuyers, real estate players and capital market participants

Passenger vehicle sales fall 11% in July on weak demand: Dealers' group

Total sales across categories declined by 6% to 1,654,535 units in July as against 1,759,219 units

After SBI, RBI Guv says all banks should link loans, deposits to repo rate

Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt