Page 2192 - Economy & Policy News

DGCA proposes breath analyser test for air traffic controllers, others

The move comes after several instances were reported threatening safety

Maharashtra to borrow Rs 15,000 cr for completing irrigation projects

At present, there are 313 under-construction irrigation projects with a total cost of Rs 93,570 crore

Profit margins of sugar mills likely to rise by 5-6% in one year

4 MT of buffer stocks to help raise sugar prices by 8-9%, reduce inventory cost by 33%

Article 370 revoked: Pakistan expels Indian envoy, suspends bilateral trade

The decision was taken at a crucial meeting of the National Security Committee chaired by Pak PM Imran Khan

Odisha CM Naveen Patnaik launches 22 new projects worth Rs 4,400 crore

In the past 20 months alone, the state government has undertaken the inauguration and ground breaking of over 120 industrial units

Govt approves hike in train speeds on Delhi-Mumbai, Delhi-Howrah routes

The decisions were taken in the Cabinet meeting held on Monday, but were made public on Wednesday

Emerging Asian economies' reserves put to test as trade war rages

Central banks in Thailand, India, Indonesia and South Korea boosted their reserves this year as global policy easing fueled foreign inflows and pushed their currencies higher

Power capacity addition trickles in April-June, only 45 Mw added

No fresh capacity was added from nuclear and hydroelectric sources

Govt set to ease rules for entry into fuel retail after two decades: Report

The new rules would allow convenience stores, shopping malls and hypermarkets to sell fuels if they are eligible, said an oil ministry source

Kerala Cabinet gives nod to Rs 66,079-cr semi-high-speed railway project

The project will be executed by Kerala Rail Development Corporation Limited (KRDCL), a joint venture of the Government of Kerala and Ministry of Railways

The ship is in: L&T shows private shipbuilders can deliver on time

L&T's Kattupalli shipyard took just 36 months to build and deliver the offshore patrol vessel, even though this was the first OPV it had ever built

Criminal proceedings for economic offences sets a bad precedent: Experts

Companies Act amendment to include penal provisions for CSR violations is seen as part of a larger trend of criminalising economic offences rather than going for civil proceedings

Why RBI slashed repo rate by 35 bps instead of 25 or 50 bps: Top highlights

Various high frequency indicators, the RBI said, suggested weakening of domestic and external demand conditions.

Arbind Modi panel proposed 15% corporation tax rate; is that even viable?

The panel projected a boost in compliance and taxing multinationals on a par with domestic companies

SBI slashes benchmark lending rates by 15 bps after rate cut by RBI

The Reserve Bank of India cut interest rates for a fourth straight meeting in 2019

Rupee slips further to 71 level against dollar post RBI rates cut

The rupee had opened on a weak note at 70.92 at the interbank forex market, then fell further to 70.99 against the dollar

RBI cuts repo rate by 35 bps to 5.40%, reduces FY20 growth forecast to 6.9%

Repo rate is the rate at which the central bank lends money to the commercial banks, in case of any shortfall of funds.

India's inflation rose to nine-month high in July over food prices: Report

Despite rising, inflation is expected to remain below the Reserve Bank of India's medium-term target of 4%, clearing the way for more policy easing

Trade is a challenge in relationship between India, US: Ambassador Shringla

I have no doubt that we have both the mechanisms and the required political will to address these issues, said Indian Ambassador to the US Harsh Vardhan Shringla

China 'blackmailing' India into using Huawei for its 5G infra: US lawmaker

According to a recent report quoting Union Communications Minister Ravi Shankar Prasad, India plans to develop its own 5G network