Page 2259 - Economy & Policy News

At Rs 40,000 cr, DoT seeks 6% rise in budget to boost rural connectivity

The allocation sought by the department in 2018-19 was Rs 38,000 crore but the same was revised to Rs 30,000 crore

Govt may roll over Rs 62,000 cr in fuel, fertiliser subsidies to FY21

The measure has been necessitated because the Centre anticipates a shortfall in tax revenues this year

India's bond rally could stall as investors worry about govt's fiscal math

Bond traders have already shown signs they can be nervous about the nation's financial health

PM Narendra Modi starts pre-Budget meets to brainstorm on economy

The focal point of the interaction was drawing a road map for reforms across departments leading up to the ease of doing business and economic growth

Sugarcane arrears touch Rs 18,958 cr; UP mills alone owe over Rs 11,000 cr

Punjab millers are yet to pay Rs 989 crore to sugarcane farmers, while those in Gujarat and Bihar have an outstanding of Rs 965 crore and Rs 923 crore, respectively

Eyeing assembly polls, Modi govt plans bigger things under PM-KISAN scheme

PM-KISAN could be the second Modi govt's marquee scheme

Forex reserves decline by $1.3 bn due to fall in currency assets: RBI data

Gold reserves remained stable at $ 22.958 billion, according to the RBI data

GST council allows Aadhaar for registration, defers decision on EVs

Businesses will be allowed to use Aadhaar for registering themselves on the GST portal.

Steel ministry seeks immediate hike in duties to deter Chinese imports

Ministry seeks increase in peak import duty on all steel products to 25%, fears US-China trade war threatens India with Chinese imports.

BS-VI norms pose challenges for auto industry, demand uncertain in H2 FY20

TVS Motors said the growth in two-wheeler industry during 2019-20 is expected to be around 6-8 per cent over 2018-19

Trump administration has no plans to cap H-1B work visa program: US

Reuters reported on Wednesday that the United States had told India it was considering restricting the H-1B visa programs for countries with the data storage requirement

Gold price jumps 2.21% on US Federal Reserve's interest rate cut signal

Yellow metal likely to hit Rs 35,000/10 gm; energy, base metals also firm up

Forex retail trading platform ready for roll-out on August 5, says RBI

Fees charged by banks, if any, should be spelt out on the FX-Retail platform

Harsimrat Kaur Badal wants control over two key export development bodies

The govt has now made it clear that it will not favour multi-brand retail

GST Council meet: Kerala FM Thomas Isaac may press for voting on lotteries

The Centre has one-third vote and all states combined have two-third votes in the Council

Tax foreign tech giants operating in India, say RSS ideologues, Gandhian

The letter said tech giants such as Google, WhatsApp, YouTube, Facebook, TikTok, and Amazon generated more than Rs 30 trillion from their Indian operations

Auto, realty companies may not get relief at GST Council meet today

Issues related to the tax structure for solar projects, reduction in tax rate on electric vehicles, and more are expected to be discussed during Sitharaman's first Council meeting

Govt to unveil new industrial policy soon, says President Ram Nath Kovind

The President detailed the Modi government's schemes for the welfare of the poor and steps taken to ensure national security and defence preparedness

Worst growth for India's corporate bonds in over 10 years fuels concern

While the amount of outstanding rupee corporate notes, excluding banks, has been expanding for years, the pace of growth has generally been slowing since 2017 and marked its lowest rate in 10 years

Government notified rate for land goes down by 20% in Madhya Pradesh

The decision is a first move by the Kamal Nath-led Congress government to simplify land rates