Page 2284 - Economy & Policy News

US firms see no ease of doing business in India: Here're the main issues

Regulatory hassles, high import tariffs are a disincentive, they say

FinMin defends NSSO report, says little scope of overestimating GDP number

Government issues statement second time in three days after a controversy about NSSO report on services sector.

Coal imports to surge to a record in 2019, shipments will climb 11%: Adani

India is seen maintaining its reliance on coal-fired power, which accounts for 70% of its electricity generation, even as the fuel emerges as a leading cause for the country's toxic air

IIP contracts 0.1% in March as manufacturing sector growth slows down

This might pull down the growth of GDP in FY19, other things remaining the same

IIP contracts 0.1% in March due to slowdown in manufacturing sector

Manufacturing fell 0.4 per cent month-on-month

UP meets a third of 5.5 mn tonne wheat procurement goal, lags year-on-year

State picks up two MT in current rabi marketing season, which is 35% lower than last 35 MT procured in the same period last year

Goa govt mulls tapping into iron ore mines not covered by 2018 SC order

Pramod Sawant said his government in working on an action plan to restart the mining industry

Cyclone Fani leaves Odisha's rural economy, energy infrastructure crippled

The people of Puri continued to remain in darkness even after seven days of Fani making landfall in the seaside holy town

Inflation may have risen to 6-mth high in April driven by food prices: Poll

Forecasts ranged between 2.68 and 3.56 per cent, with almost three-quarters pegging it at or below 3 per cent

Deep and personal: Why Wilbur Ross hates Indian business regulations

US Commerce Secretary Wilbur Ross criticises high tariffs and market access barriers before Indian officials, make a departure from polite diplomacy.

GST chink likely to increase input tax credit of real estate companies

In a set of frequently asked questions (FAQs), the Central Board of Indirect Taxes and Customs (CBIC) on Wednesday cleared the air on GST rates on under-construction houses

Free unused mineral land reserved for PSUs, says mining sector

As per Rule 58 of Mineral Concession Rules 1960, a certain track of mineral bearing land was reserved for exclusive use of the state governments

After erratic monsoon, crop damage, vegetable prices zoom on supply squeeze

After a drought in Maharashtra and Gujarat reduced output last year, unseasonal rainfall this year has damaged crop; no respite in sight for consumers

Finance Commission to 'reconcile data', come up with own conclusion

Various sources of data would be used for comparison, for states in particular, the finance commission officials said

Finance Commission says will 'reconcile data' after row over statistics

A group of more 100 top economists had earlier this year expressed concerns over 'political interference' in statistical data.

UP sugar mills risk Rs 500 cr loss as regulator cuts power tariffs

Against the prevailing tariffs of Rs 6.19 to Rs 6.75 per unit for the purchase of cogenerated power supplied by mills to UPPCL, the UPERC has proposed paring the rate by around Rs 2.25 per unit

18 as legal drinking age, ITC: What Delhi restaurateurs want post polls

Restaurant owners also want a clear and fixed policy for governing the sector

GDP data: Experts can't trust official statistics, move to other benchmarks

Economists and investors are now voting with their feet - by using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy

How US-China trade war may get Tirupur knitwear orders worth Rs 30,000 cr

The exports are expected to increase from Rs 26,300 cr in FY19 to Rs 30,000 cr in FY20.

With UPI & IMPS services, NPCI leads retail payments space growth in FY19

The RBI, in January, put out a policy paper that pondered the need for more retail payment system operators since NPCI is the sole umbrella organisation for most retail payments currently