Page 2241 - Economy & Policy News

Services sector activity contracts in June; first time since May 2018: PMI

The IHS Markit India Services Business Activity Index fell to 49.6 in June, down from 50.2 in May

Budget 2019: Weak growth may prompt govt to borrow more, say economists

Around 60% of economists, 21 of 37, who answered an additional question about the focus of the budget said it would be more on fiscal expansion than prudence

Chattisgarh govt raises retirement age of private sector labourers to 60

This will be applicable to all undertakings, including factories, establishments, institutions and other industrial units coming under the purview of the Chhattisgarh Industrial Employment (Standing O

How fixing female malnutrition can boost India's economy by $15-46 billion

Malnutrition is one of the leading causes of about half of India's childhood deaths, and if they are affected at an early age, there can be long-term consequences

Top 10 biz headlines: Ola Electric turns unicorn, DHFL crisis, and more

From Cash-starved DHFL to State GST, Business Standard brings you top stories that made headlines on Tuesday

Number of bank frauds declined to 6,735 in FY19: Nirmala Sitharaman

Occurrence of frauds was enabled by lack of discipline in the financial system and a lax credit culture, she said

RBI may get regulatory powers over HFCs; NHB to be in charge of supervision

The government is planning to amend the Banking Regulation Act to give more teeth to the central bank

Wilful defaults cross $21 billion in 2018-19; SBI accounts for a third

Under Indian law, wilful defaulters are classified as firms or individuals who own large businesses and deliberately avoid repayments

Output fall won't push sugar prices much beyond MSP of Rs 31 per kilogram

In the 2018-19 season, the government had facilitated creation of a 3 million tonnes sugar buffer stock with an expenditure of around Rs 1,550 crore. The validity of the buffer stock expired on June 3

Global tax rules may increase litigation between authorities and investors

Also, whenever it clashes with the domestic norms to check tax avoidance, called the GAAR, higher chances are that the former may prevail even as the latter is more clearly defined

Money matters at Mint road: RBI's capital reserves vs other central banks

The temporary and accounting nature of revaluation reserves has led to the concept of 'core capital'

Govt to offer 10-20% of national highway projects on BOT basis for bidding

The focus on BOT means the project mix in highway construction will change from what it was in the past few years, when BOT formed 2-3 per cent of the mix

Why it's sunset time for bilateral wage talks for state-run banks

What's dawning on all concerned is there is simply no way that state-run banks can dole out equal hikes to their staffers as has been the practice through the decades

States' GST revenue takes bigger hit than Centre's in April-June

This happened largely because of slowing growth in the economy and the settlement of a higher proportion of IGST towards the Centre than the states in particular

Export-promotion forum, trade fair to boost farm cooperatives: Govt

The international trade fair will be held by the agriculture ministry and will be supported by the commerce and external affairs ministries

Two new freight corridors of railways to cost around Rs 1.23 trillion

A total of 23 junction stations, three future junctions and 13 crossing stations have been proposed in this network which is expected to be completed at a cost of around Rs 73,804 crore

Rural job scheme to pump Rs 15,000 crore into 'Jal Shakti Abhiyan'

The flagship rural development scheme has drawn up a detailed plan of over 200,000 works to be taken up for water conservation in nearly 1,100 water-stressed districts

Gujarat govt presents modified Rs 2 trillion budget with Rs 572 cr surplus

State finance minister says the domain's economy grew by 10% at constant rates the past six years, one of the highest among the major territories

Mid-day meals: Chhatisgarh plans to serve eggs to school children

The state government is exploring the option to use District Mineral Foundation (DMF) fund to implement the scheme

UP renews push for 'minimum govt', looks to reorganise ministries

The state cabinet meeting chaired by Chief Minister Yogi Adityanath on Tuesday considered the proposal for the reorganisation exercise