Page 2297 - Economy & Policy News

Cabinet okays pact between India, Bolivia in geology, mineral resources

The approval was given in a Cabinet meeting chaired by Prime Minister Narendra Modi

Agreement between India-Denmark on renewable energy approved by Cabinet

The signing of the pact will help in strengthening bilateral cooperation between the two countries

Gold smuggling in India slows due to election seizures of cash, bullion

Last month in Mumbai, in one of the biggest seizures since the current election was announced on March 10, the Directorate of Revenue Intelligence seized 107 kg of gold, worth about Rs 30 crore

India's steel export to US in 2018 down by 49%, aluminium up 58%: Report

In 2018, the US imports of steel and aluminum products totalled $ 29.5 billion and $ 17.6 billion respectively, says report

After subdued growth in FY19, consumer firms pin hopes on a normal monsoon

Several consumer facing companies said it will help boost demand of goods and keep the inflation in check post-September after IMD's monsoon predictions

It's raining forex in Indian economy with equity, bond deals in pipeline

Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors

IMD predicts normal and well distributed monsoon, raising hopes for farming

The IMD's prediction comes days after private weather forecaster Skymet projected less than normal rains this season

India's trade deficit reaches a record high of $176 billion in 2018-19

March exports return to growth charts after a four-month drag

Small and medium sugar millers' margins will get sweeter: CRISIL

The central government raised the MSP from Rs 29 per kg to Rs 31 in February 2019 and sanctioned soft loans of Rs 10,540 crore to help mills repay their cane debt

Govt targets Rs 50,000-crore of public procurement through GeM in FY20

In three years, government e-marketplace procurement stands at Rs 24,183 crore

India's trade deficit narrows to $10.89 bn in March, exports grow 11%

Trade deficit was $13.51 billion in March 2018

Businesses with turnover over Rs 2 cr can now file FY18 GST audit reports

The audit report for 2017-18, the first year of the goods and services tax implementation, is to be filed by June 30

Monsoon rains will be near normal, predicts IMD in good news for economy

The monsoon season delivers about 70% of India's annual rainfall and is key to the success of the farm sector in India

Bad loan recoveries, bank recap to boost India's GDP growth: Goldman Sachs

Analysts estimate the decline in costs will raise loan growth by 140 basis points

IMF predicts 'delicate year' for world economy, warns India about inflation

Rising oil prices and relatively higher trade costs would hamper oil importing emerging markets

344 infra projects worth Rs 150 cr each show cost overruns of Rs 3 .16 trn

For 686 projects, neither the year of commissioning nor the tentative gestation period has been reported

Tax dept may pitch for lower I-T target when next govt presents Budget

CBDT feels 30% growth in income-tax not feasible

42% of India's land area under drought, 500 mn people severely affected

42% India's land area under drought, worsening farm distress in election year

First multi-modal terminal faces land, capacity challenges in Varanasi

The Varanasi Multi-Modal Terminal is one of six such freight terminals planned for Ghazipur, Kalughat, Sahibgunj, Triveni and Haldia

RBI net dollar buyer for third straight month in Feb, snaps up $825 mn

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018, buying $607 mn