Page 2271 - Economy & Policy News

PM Modi to head two new Cabinet committees on economy, employment

Apart from Modi, Home Minister Amit Shah, finance minister Nirmala Sitharaman and Commerce and Railways Minister Piyush Goyal are members of both the committees

ICC CWC final: Star Sports, travel firms pad up for July 14 'Super Sunday'

Experts say if the final for this World Cup features India, the viewership is expected to be much more, given Star India's efforts towards expanding the scope of sports broadcast to regional markets

Foreign defence firms be allowed a majority stake in Indian JVs: Assocham

In 2016, the prevailing 26 per cent cap for foreign direct investment (FDI) in defence was raised to 49 per cent through the automatic route

Swiping right on digital payments: Nilekani-led panel to revamp the system

Among others, the panel has recommended a reduction in costs for merchants, acquirers and customers and expansion of the acceptance infrastructure

Gadkari promises Rs 15 trillion highway spending, revival of IL&FS projects

The minister said that the priority for him will be 'rolling out all stuck highway projects that include many of the IL&FS projects within 100 days'

Modi forms 2 committees on investment and unemployment, will head them

It is perhaps for the first time that the Cabinet committees on the two issues have been set up

FDI in services sector rises 37% to $9.15 billion in 2018-19, says govt

Increasing FDI inflows in services sector is vital as it contributes over 60 per cent to the gross domestic product

India to have 920 mn mobile users by 2025, 88 mn 5G among them: GSMA

It said there were close to 750 million unique subscribers at the end of 2018 and expected to reach almost 920 million by 2025

US-China trade war, fragile prices hurt metal sector performance

The metals sector's depressing performance was emblematic of the country's GDP growth during the quarter

UP opens Rs 500 crore revenue stream for beleaguered sugar mills

Under levy, UP sugar mills are obligated to supply 12.5 per cent of their molasses stock to distillers/country liquor manufacturers

Data conundrum: Is NSO really the answer to India's statistical confusions?

India already has a National Statistical Commission as the nodal agency for core statistical activities. Will a new National Statistical Office do that better? Experts differ in their views

Will enforcement and easier compliance help Modi 2.0 improve GST revenue?

Booming economic growth is the only way to improve GST collections in the medium term, say FinMin officials. The trouble is that GDP expansion itself is on shaky ground currently

Elections take a toll on solar; new installations down by 49% in Q1 2019

Solar investments in Q1 2019 totaled over $2.8 billion, 12% lower than Q1 2018

Tamil Nadu Health System reform programme gets $287 mn loan from World Bank

The programme will promote population-based screening, treatment and follow-up for NCDs, and improve monitoring and evaluation

Fastest growing economy? India to grow at 7.5% in FY20, says World Bank

India's growth forecast is the brightest spot in a grim forecast for the world economy.

Services growth sinks to one-year low in May, dented by elections: PMI

Optimism about the next 12-months improved slightly and firms increased the pace of hiring to the fastest in three months

Transparency push: Centre will provide unit-level data free of cost

This means the unit-level data for the periodic labour force survey (PLFS) 2017-18, which was at the centre of a controversy recently, will be available for free to researchers and analysts

Govt makes highest-ever expenditure cut of Rs 1.4 trillion for FY19

The compression, comprising cuts and rollovers, represented almost double of what was done in the previous year, and around 6 per cent of the amount pegged in the RE

Airbus got Rs 1,000-crore undue benefits in Air India deal: ED

According to the ED, the terms and conditions approved by the then Cabinet Committee on Security to purchase aircraft were deleted and a new condition was added in the purchase agreement with Airbus

Fill teacher vacancies, else lose grants: UGC tells education institutions

If institutions comply, over 200,000 jobs would be created in six months