Page 2267 - Economy & Policy News

Govt removes export incentives for onion to discourage outbound shipments

Under MEIS, the government provides duty benefits depending on product and country

Auto industry seeks govt support as PV sales see sharpest decline in 18 yrs

The passenger vehicle (PV) sales declined for a seventh straight month in May to 2,39,347 units against 3,01,238 units in the year-ago month

India GDP growth overestimated between 2011-2017, says Arvind Subramanian

India has held the crown of the world's fastest-growing major economy until recently

Centre sets up committee headed by Kirit Parikh to review LPG marketing

The new committee, set up on May 30, will look into issues related to definition or quality standards of LPG being marketed

GST Council to consider e-invoicing for firms with over Rs 500-cr turnover

Its introduction, on a voluntary basis for large firms, to be discussed at GST Council meet on June 20

IAF block on indigenous HTT-40 aircraft keeps door open for Swiss trainers

HAL has to pay Rs 180 crore to US firm Honeywell, to upgrade its TPE-331-12B engine that will power 106 HTT-40 trainers needed by the Indian military

AAI to spread its wings across SAARC nations, govt looks to boost influence

The move is part of India's plan of building influence in the region through building infrastructure

'Civil disobedience': Group says it planted unapproved GM cotton seeds

Industry officials estimate the area planted with such seeds reached at least 10 percent of the 12.2 million hectares of Indian cotton acreage in 2018.

Amid forgery allegations, NHAI seeks papers from consultants

The NHAI was acting on a complaint that the papers submitted earlier by these firms were forged

No-frills account holders to get cheque books, allowed zero balance

The Reserve Bank eased regulations for Basic Savings Bank Deposit (BSBD) Accounts, popularly known as 'no-frills' accounts

Bad loans decline to 9.3% in FY19, beat RBI estimate: Crisil report

In its half-yearly financial stability report in December, the Reserve Bank had estimated that the gross non- performing assets ratio might improve to 10.3 per cent by March 2019

4 million UP farmers still await PM Kisan payout over bank account issues

So far, 11 million farmers in the state have received first installment of Rs 2,000 in their bank accounts, while the process to enlist the remaining farmers continue

FinMin wants consultants for sale of PSU assets to achieve Rs 90k cr target

Firms that have handled at least 5 transaction advisory projects in the last 10 years with respect to monetisation of land and building or having experience in ReIT listing can apply

Bajaj Auto, TVS say plan to switch to EV by 2025 is 'unrealistic'

The companies say any plan to ban internal combustion engine three-wheelers and two-wheelers to adopt electric ones by 2025 would be "unrealistic"

Mamata protests centre's advisory, says 'law and order' fine in Bengal

The Centre has blamed the Banerjee government over failure on the part of the law enforcement machinery

Proposal sent to HRD to add Yoga in educational curriculum: Shripad Naik

Naik said the main function would be held in Ranchi in Jharkhand and Prime Minister Narendra Modi would be the chief guest

Retail inflation could hit 7-month high in May, but below RBI target: Poll

According to a June 4-7 Reuters poll of over 40 economists, the retail inflation rate rose to 3.01 per cent in May from a year earlier, up from 2.92 per cent in April

Massage service on train: Railways also plans to hire female professionals

Indian Railways on Saturday announced massage services for passengers that would be made available in 39 trains deporting from Indore

Separate funding sources and financing regulations for renewables on cards

RBI told to separate reneweable energy and thermal power in its regulations

Soon you may have to pay tax on cash withdrawal of Rs 10 lakh a year

The government may also mandate Aadhaar authentication for all high-value cash withdrawals in order to track individuals and tally tax returns.