Page 2203 - Economy & Policy News

Revenue foregone to service Asean FTA more than doubles to Rs 26,000 crore

The government reportedly fears the figure for revenue foregone may be as high as Rs 60,000 crore for the proposed Regional Comprehensive Economic Partnership deal once it goes live

Foreign currency overseas sovereign bonds: All you should know

Finance Minister Nirmala Sitharaman in Budget 2019-20 announced that the government would start raising a part of its gross borrowing programme from external markets in foreign currencies.

India's renewable energy cost is lowest in Asia Pacific: WoodMac report

India's levelised cost of electricity using solar photovoltaic has fallen to $38 per megawatt hour this year, 14% cheaper than coal-fired power

India's $10 billion foreign debt sale: Investors debate govt's options

Investors are wondering if India will press ahead with a foreign-currency debt sale, opt for the issuance of rupee-denominated notes, or ease foreign ownership limits on local markets instead

Account aggregator to make applying for loan less cumbersome for users

An app will take a user's consent to share financial data with organisations

Modi's Hindutva supporters, critics came together to oppose dollar bond

Now that $10 billion in subscription checks won't be coming in October, the domestic Indian bond market will feel the pressure of higher borrowings locally by the government

Domestic, foreign insurers big gainers under PMFBY; pool mechanism on cards

In the last six seasons, close to Rs 5,000 crore has flown to the books of foreign reinsurers, as overall claim ratio has been just around 77%

Bill proposes that firms seek employees' written consent for overtime work

Bill introduced in Parliament removes provision on specific overtime work hours

Discoms make a beeline for cheaper power supplied by NTPC under SCED

"A large number of discoms are availing benefit under the SCED system to get cheaper power supplies," a source said

Consumer Protection Bill: Overlap of jurisdictions may lead to litigation

The proposed law seeks to bring about far-reaching changes in the consumer protection framework

India's path to become a $5 trillion economy passes through UP: Amit Shah

Shah said Chief Minister Adityanath's government had changed the perception about Uttar Pradesh by improving the rule of law and controlling crime

Easy credit for farmer-producer organisations on cards in new policy

Comprehensive restructuring of SFAC also promised to smoothen setting up 10,000 FPOs

Will US Fed cut rates for the first time since the global financial crisis?

Here is a brief summary of various US macro-economic indicators, which are likely to influence the Fed's decision

Flipkart CEO sees UP becoming India's first trillion-dollar state economy

Krishnamurthy lauded UP chief minister's efforts to partner with the industry to drive inclusive growth in the state

FM Sitharaman rules out rethinking on overseas sovereign bonds: report

The proposal has been criticised by former heads of the Reserve Bank of India, economists and allies of the ruling BJP

PepsiCo to invest Rs 514 cr to set up snacks plant in UP; create 1,500 jobs

The new investment plan is in line with PepsiCo's goal to double its snacks business in the country by 2022

GST Council trims rate on EVs to 5% in bid to boost electric mobility

EVs, chargers to be taxed at 5%, against 12% and 18% at present

Economic offenders serious threat to global stability: India at BRICS meet

Aiming at tackling the issue of fugitive economic offenders, PM Modi had suggested a nine-point agenda

Air Force, Navy deployed to rescue passengers aboard Mumbai-Kolhapur train

By 1 pm, more than 500 people had been rescued, according to the Maharashtra state government

PM may launch farm pension scheme next month, enrolment to start from Aug 1

Just as in the case of PM-KISAN, the pension scheme will be officially rolled out only after a requisite number of beneficiaries are enrolled