Page 2309 - Economy & Policy News

Supreme Court relief aside, power sector loans a lesser drag on banks

Banks have already provided for 25-40% of the total Rs 2-trillion exposure to the power sector; ageing related provisioning could keep credit costs high

SC verdict on RBI's Feb 12 circular may delay resolution of stressed assets

The experience of banks with IBC cases so far has been mixed with banks taking an average haircut of 50%

Modi 1.0: Steady GDP growth, low inflation have left economy in good shape

The Modi government has handled inflation far better than any government in the past two decades

Indian Railways targets at least 50% of freight traffic by 2030

The transporter's current share is 33%

Manufacturing growth slips to six-month low in March: PMI

Most companies did not hire additional labour in March

Odisha iron ore output rises 13% to 118.5 million tonne in FY19

The higher growth in iron ore production has boosted the overall mineral output in the state which reached 289.55 million tonne in FY 19 from 270.84 million tonne in the previous year

Realtors can opt for old GST rates with input tax credit till May 10

In case, realtors do not exercise the option, they will be covered under the new tax rates with effect from April 1, 2019, and will not be entitled to avail tax credit on inputs

Funds from mineral auctions for people affected by mining too little: TERI

DMF has only 2-3% share of revenue from mineral block auctions, according to a TERI report

India's factory growth hits six-month low in March on weak demand: PMI data

The survey also showed optimism amongst factories rose to its highest since August, supported by government policies announced ahead of this year's general election

Natural gas price up 10%; ONGC posts 6.5% rise in gas production

Producers will be able to charge a maximum of $9.32 per mmBtu for difficult fields, posting an increase of about 22% from $7.67 a unit during October-March

Monetary policy review: RBI rate cutting 'cycle' to continue, says expert

Since expectations are already heavily biased toward a rate cut in April, the future guidance and voting pattern of the MPC will be watched closely

RBI to again go for $5-billion dollar-rupee swap auction on April 23

In the swaps, the auctions are done to determine the forward premiums

Road building in India second cheapest in Asia, says AIIB study

The AIIB results are based on a data analysis it has conducted in collaboration with Thomson Reuters and The Economist Intelligence Unit, between August and October, 2018

Vegetables prices skyrocket in major markets as supplies hit

Drought causes damage of horticulture crop and fodder, milk prices may rise by Rs 2/litre

FY19 closes on a happy note with record GST collections at Rs 1.06 trillion

Together with direct taxes, it may help the Centre move closer to the fiscal deficit target

Core sector growth crawls to 2% in Feb; may spur RBI to cut policy rate

The growth stood at 2.1% in February against 5.4% in the same month a year ago

Growing FPOs provide better market linkages to member-farmers: CRISIL

Around 200 FPOs, with 2.5 lakh farmer-members, trade on the NCDEX today

Arun Jaitley to attend annual IMF-World Bank meeting in April

RBI governor, finance secy may also attend the meet

Higher taxes or bonds can fulfill UBI-like promises, says report

The study comes amid a rash of UBI-like promises being made ahead of the general elections beginning April 11

Modi govt's move to amend Forest Act takes a giant leap backwards

The IFA 2019 legally provides the political executive and the forest bureaucracy absolute discretion to open any forestland to commercial plantations