Page 2216 - Economy & Policy News

Rule on Parliament panels' scrutiny tweaked to expedite Finance Bill

There are 24 department-related standing committees covering under their jurisdiction all the ministries/departments of the government

India seeks investments, but won't sign unfair trade deals: Piyush Goyal

India will sit down across the table and find a common meeting ground with the US and the UK, says Piyush Goyal in London.

China Q2 GDP growth slows to 27-year low as trade war with US bites

Official survey shows factories were shedding jobs at the fastest pace since the global crisis a decade ago.

LS passes bill to allow NIA to probe terrorist acts against Indians abroad

Home Minister Amit Shah said Parliament should speak in one voice in giving powers to the NIA to send out a message to terrorists and the world

Short-term power market gains as long-term PPAs recede, shows data

The share of short-term power market moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19, shows data released by the Central Electricity Regulatory Commission

Exports fall 9.71% to $25 bn in June; trade deficit lowers to $15.28 bn

Imports too declined by 9 per cent to $40.29 billion in June 2019 against $44.3 billion in June 2018 mainly due to falling prices of petroleum products

GST collection of states rises to Rs 5.18 trillion in FY19: FM Sitharaman

In a written reply to a question in the Lok Sabha, Sitharaman said concerted efforts have been made to improve tax compliance

India to keep sugar export subsidies despite rivals' WTO complaint: Report

The export subsidies are designed to increase shipments from the world's second-biggest sugar producer and reduce their brimming inventories

Lucknow, Ghaziabad to float municipal bonds worth Rs 350 cr for infra

UP cabinet approves first such proposals in the state, instruments likely to be out in a month, with listing on BSE or NSE

Ficci panel urges govt to pay interest of delayed road projects to banks

Many highway projects under the BOT and EPC mode are turning into NPAs due to heavy interest burden on account of delays in projects

Explained: Will tax on the rich hit foreign investments in India?

There is still a possibility of some relief to the FPIs, when the parliament gives final approval to the tax proposals later this month

Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch

The proposed change is only applicable to insurance intermediaries while the cap on foreign ownership in insurance companies will remain at 49%

Govt mulls spinning off GAIL's gas pipeline business into a separate unit

The plan to carve the pipelines business into a fully-owned unit will bring greater transparency between the two businesses and may allow govt to sell shares at a later date

Why wealth concentration in the hands of richest 1% may not be a bad thing

Inequality between the very richest and the rest correlates with greater innovation. But we mustn't let the top level become a closed shop

WPI inflation eases to near 2-year low at 2.02% in June vs 2.45% in May

The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May. It was 5.68 per cent in June 2018

Lenders wary of using IBC for debt resolution over creditors' parity

Secured financial creditors will now get the same - 60.7% of the total amount

Sweeteners in build-operate-transfer scheme to attract foreign investors

Such an amendment is being considered to attract international participation in the sector

Centre likely to hire public sector bank EDs through lateral entry

A senior official in the finance ministry said the idea was to create specialised positions for whole-time directors in PSBs

Budget woes weigh on markets: Lack of stimulus hits Nifty infra, auto

Despite the large FPI pullout last week, the rupee has remained stable

RBI to come up with mobile app to identify currency for visually impaired

The proposed mobile app would be able to identify the denomination of notes of Mahatma Gandhi Series and Mahatma Gandhi (New) series