Page 2273 - Economy & Policy News

Pre-monsoon rainfall in India second lowest in 65 years, says Skymet

The three-month pre-monsoon season March, April and May ended with a rainfall deficiency of 25 percent

India's GDP to exceed $3 trillion; to become 5th largest economy in 2019

According to IHS Markit, the Indian economy is set to overtake England in 2019 and Japan by 2025

Dip in oil prices, stable rupee indicate signs of growth: Finance Secretary

India's growth rate has declined to 5-year low of 5.8% in the fourth quarter of the previous fiscal and 6.8% for the full financial year 2018-19

Tourism players seek Rs 3,000 cr from Centre to develop sector in Odisha

Claim eastern sector has great potential but is neglected; want Rs 1,000 cr for hotels, RS 100 cr for Buddhist circuit, Rs 650 cr for Samuka beach development, among other initiatives

India narrowing gap with world leader China on steel sector jobs: Study

At 30% of global steel industry jobs, India is only six percentage points behind China's 36%, but it is behind in terms of the sector's contribution to GDP

India plans to return to talks with US after Trump's trade attack: Report

India's increasing reliance on the U.S. for defence equipment prevents it from ratcheting up pressure.

Power tariff woes, debt rising despite UDAY: It's not just regulatory fault

The power ministry recently said discoms cannot be blamed for their rising debt and dues

US decision to withdraw GSP taken in haste, will hurt exporters, says CII

CII President Vikram Kirloskar expressed hope that both the US and India would discuss the matter and find an amicable solution to this issue

UP govt saves Rs 620 cr in bidding process for Purvanchal Expressway

The 340km expressway has been divided into 8 separate parts for ensuring faster completion of the mega project

Govt may provide subsidised sugar to more families; mulls extra grains

The proposal is to extend one kg sugar supplies to additional 16.29 crore beneficiary families, would cost Rs 4,727 crore to the exchequer

Sitharaman takes stock of economic policy, to hold talks with RBI guv soon

Sitharaman took charge on Friday as India's first full-time woman finance minister

PM Fasal Bima Yojna may lose sheen if BJP fulfills promise on scheme

Crop insurance scheme is facing challenges in implementation. Between FY16 and FY17, number of farmers enrolled declined by 15% from about 57.3 min to 48.5 mn

Trump's GSP threat: Why India's economic situation calls for cool heads

Demand for Indian goods in the rest of the world needs to perk up to create space for GDP growth and job creation

India manufacturing PMI grows at fastest pace in three months in May

The survey found increased optimism about manufacturing activity over the coming year, probably helped as Modi scored a dramatic election victory on a mandate of business-friendly policies

Pay high income tax? Govt may call you to have tea with the PM or FM

The idea is to encourage taxpayers to willingly pay more

RBI policy review: Rate cut a certainty after weak GDP data, say Experts

The policy repo rate is at 6%. Retail inflation was at 2.92% in April

NFRA-ICAI turf war intensifies further; govt's intervention sought

The NFRA has alleged it is not getting from the ICAI the details of auditing firms and professionals it has asked for

US now wants social media details of last 5 years from visa applicants

The State Department regulations say people will have to submit social media names and five years' worth of email addresses and phone numbers.

Modi's new team ready to face a host of issues

Falling private sector investment and farm distress are problems that call for immediate attention

Statsguru: The anatomy of slowing growth

One of the biggest contributors to the slowdown is the investment rate