Page 2261 - Economy & Policy News

Mining industry seeks export duty waiver on non-metallurgical grade bauxite

Non-plant grade bauxite isn't used in aluminium smelters that go for higher grades. With little demand in the domestic market, miners of non-plant grade bauxite usually take recourse to exports

UP to partner Centre for ethanol blending in fuel to cut oil import bill

The state, along with Maharashtra, clocks 9-10% of blending due to higher cane availability

UK Sinha panel on MSMEs submits report to RBI governor Shaktikanta Das

The eight-member committee was set up to review the framework for the micro, small and medium enterprises, and suggest long-term solutions for the economic and financial sustainability for the sector

SEZs return to tepid welcome; govt has no winning formula for their success

The sole advantage of the Indian SEZ Act still remains tax arbitrage, where most of the provisions are, in any case, on the sunset route

Co-op banks, audit firms and HFCs: All victims of ineffective supervision

Gaps in the regulatory system exist because the body tasked with overseeing them is toothless, or there is confusion about who oversees certain firms, or regulators simply don't exist in some cases

Modi's win good for reforms, will improve foreign capital flow: S&P

According to S&P Global Ratings, the victory for the ruling BJP-led govt in India's Lok Sabha elections removes one significant source of uncertainty for corporates in India

Pvt operators may run Rajdhani, Shatabdi, passenger trains on select routes

In its strategy for New India released in 2018, Niti Aayog had advocated for more private participation ownership of locomotives and rolling stock and modernising railway stations

Bengaluru among 10 APAC cities attracting most foreign investments: Report

The first REIT by Embassy Group and Blackstone Group LP was launched in India in March this year, which raised Rs 4,750 crore

NEP 2019's 'excellent' early education reforms face significant challenges

Massive financial and technical resources are needed to create cadre of trained, accredited pre-school teachers -- a tough task given the humungous number of posts already lying vacant

Why the monsoon is key for PM Modi, RBI and the economy? An explainer

IMD has forecast average rainfall in 2019, while the country's only private forecaster Skymet has predicted below-normal rainfall

Will the govt change its development strategy to raise rural incomes?

While the earlier Modi govt fared well on rural schemes, both farming and construction activity in the village economy were muted

Reinstate India as a beneficiary developing nation under GSP: US senator

"I hope we can work to solve our issues with India so they can be reinstated into the GSP," Senator Robert Menendez told Lighthizer during a Congressional hearing

'Nal se jal' target: Ministry to work on ways to meet infrastructure cost

According to government data, only 18 per cent of the country receives piped drinking water with more than 400 million households still cut off

RBI fines HDFC Bank Rs 1 crore for non-compliance of KYC norms

The RBI said it had received a reference from Customs authorities regarding submission of forged bill of entries by certain importers to the bank for remittance of foreign currency

Fertiliser movement through coastal shipping now eligible for subsidy

This decision would promote transportation of fertilisers through coastal shipping under the Ministry's flagship Sagarmala programme

RBI panel on MSMEs suggests Rs 20 lakh collateral-free loan under Mudra

The report has also mentioned mainstreaming the restructuring of stressed loans, considering the central bank had given a one-year window to banks to do so in January

Seven million jobs formalised between 2015 and 2018, says report

The report estimated job formalisation to the tune of 11 million between 2018 and 2021

Road ministry wants easier licensing for EVs to boost public transport

The Ministry of Road Transport and Highways has proposed a set of non-fiscal benefits, such as creating an ecosystem for them in public transport

Data Protection Bill to reach Parliament soon; rules may remain stringent

Goyal on Monday gave companies 10 days to write to his ministry, outlining all concerns on existing and proposed regulations on the digital sector

Govt sacks 15 customs, central excise officers on charges of corruption

These officers either had corruption cases registered against them by the CBI or were involved in bribery, extortion and disproportionate assets cases, Finance Ministry sources said