Page 2193 - Economy & Policy News

Revenue department to brief PMO on Rs 1.67-trillion tax shortfall

Despite a cut in the income tax collection target in the full Budget compared to the interim Budget projections, the target is far from realistic

Sebi plans Rs 1 cr reward, hotline access for informers of insider trading

Capital market regulator Sebi has prepared a detailed set of rules for a new 'Informant Mechanism' under its Prohibition of Insider Trading Regulations

Govt moves NCLT to freeze accounts of IL&FS auditors and 21 others

The ministry counsel said he wants their accounts frozen as an interim measure till the tribunal delivers on its demand to ban these auditors for five years

Six states to drive next phase of cement capacity ramp-ups: CARE Ratings

Rajasthan, Karnataka, Madhya Pradesh, Tamil Nadu, Andhra Pradesh and Telangana are among the leading states in terms of installed capacity

Pallonji, ReNew Power to invest Rs 750 cr in UP solar power project

The companies will develop 150 mw floating solar power project in Sonbhadra

Finance Ministry to issue norms for NBFC asset buy scheme this week

The government has received a proposal from the Reserve Bank of India (RBI) on the draft modalities of the credit guarantee scheme, which would be operationalised by the RBI

AustralianSuper, Ontario Teachers' invest up to $1 bn each in NIIF fund

AustralianSuper and Ontario Teachers' will also become shareholders in National Investment and Infrastructure Fund Limited, NIIF's investment management company

AustralianSuper, Ontario Teachers to invest $1 bn each in India's NIIF fund

The two fund managers committed $250 million each in the Master Fund and co-investment rights of up to $750 million each in future opportunities alongside the NIIF Fund.

Ayodhya railway station will look like the proposed Ram temple: Manoj Sinha

Govt concerned about connecting Ayodhya through rail to the entire country so that Ram Bhakts may visit the place

UP announces e-vehicles policy, targets Rs 40,000 cr investment by 2024

The government has projected the e-vehicles segment will create about 50,000 new employment opportunities

Govt raises cost of refinery project with Aramco by 36% to $60 bn: Report

The project cost at the signing of a deal with Saudi Aramco in 2018 was pegged at $44 billion

Office space absorption may touch record 42 million sqft this year: Report

At the same time, going by the new launches during H1 2019, which stood at 24.3 million sqft as against 21 million sqft in H1 2018

Change in terms of reference of 15th Finance Comm opposed in Rajya Sabha

The new change in terms of reference seeks to allocate fund for defence and internal security before dividing between Centre and states

SIAM hails govt's move to cut GST rate on electric vehicles, chargers

The council reduced GST rate on EVs from 12 per cent to 5 per cent and EV chargers to 5 per cent from 18 per cent

India has game plan for EVs, its components: NITI Aayog CEO Amitabh Kant

Kant said the country's EV focus should mainly be on two-wheeler and three-wheeler vehicles and public transport

West Bengal finance minister urges calibrated rollout of electric vehicles

Amit Mitra says sole agenda of the next GST Council meeting will be on EVs

Chinese shadow growing longer over India's electric-vehicle dream

Beijing's increasing control over global supply of Lithium, a key ingredient in batteries that power electric vehicles, is scaring policymakers

GST rate cut drawing firms to EV business, but viability remains an issue

The availability of lithium-ion batteries will be a critical determinant of EV adoption by consumers

India must expand fuel refining capacity by 80% despite EV push: Pradhan

The world's third-largest energy consumer would need a combination of cleaner diesel and petrol, compressed natural gas (CNG), biofuels and electric vehicles

The dirty secret under the hoods of electric cars no one talks about

Yet regulators haven't set out clear guidelines on acceptable carbon emissions over the life cycle of electric cars