Page 2330 - Economy & Policy News

DGCA to monitor airfares after India suspends operations of Boeing 737 MAX

Spot airfares for Wednesday and Thursday saw a steep rise on important routes

Auto retail sales drop 8.06 % in Feb as weak demand continues: FADA

High inventories put pressure on working capital

Election Commission gives approval to GST Council meeting on March 19

The GST Council Secretariat sent notices to states for the 34th meeting of the Council on March 19 after the Commission's approval, which was needed because of the model code of conduct in force for L

Leakage of Rafale deal papers has put national security in jeopardy: Centre

In an affidavit before the top court, the central government, through the Defence Ministry, has also said the leakage offended terms of the agreements with France

Private sector investment on a recovery path, shows RBI study

A total capex of Rs 1.49 trillion was estimated to have been incurred by the private corporate sector in 2017-18, of which Rs 80,200 crore was from fresh sanctions

Expect $28-bn FDI in food processing this year: Harsimrat Kaur Badal

Badal said the upswing of violence at the international border will not affect talks on the Kartarpur corridor in Punjab

RBI relaxes norms for imported goods by raising trade credit to $150 mn

All-in-cost includes rate of interest, other fees, expenses, charges, and guarantee fees

PFC, REC merger may leave discoms with higher-than-usual dues on books

The total outstanding dues of the discoms are Rs 26,437 crore, according to the power ministry's portal

TERI to set up incubation centre in Odisha for biotech solutions

Facility will support development of solutions to address issues affecting agriculture, environment and energy

RBI to inject long-term liquidity worth $5 bn through foreign exchange swap

Under the swap auction, minimum bid size would be $25 million and in multiples of $1 million thereafter

Auto industry, organisations can buy bulk vehicle data from FY20: Policy

Eligible bodies can purchase the data for Rs 3 crore from the next fiscal

Private manufacturing firms posted 24.9% growth in net profit in Q3: RBI

The analysis is based on the performance of private corporate sector during the Q3 of 2018-19 drawn from abridged financial results of 2,703 listed non-government non-financial (NGNF) companies

RBI defends Feb 12 circular in SC, says no plan submitted by companies yet

In its submissions before the Supreme Court (SC), the regulator said that if the companies were ready with a plan, they should place it before the court

How a gritty Indian market has been rallying ahead of Lok Sabha elections

Three of the last four polls have seen a sharp surge at the bourses in the months leading up to the announcement of results. Only 2004 turned out to be an outlier

Population genomics: A scientific leap in treating cancer and rare diseases

Population-wide gene sequencing helps map disease patterns and variations in generic makeup to offer customised cancer therapy and help treat a host of rare and hitherto incurable ailments

Modi govt scorecard: Good work on GST, dragging on direct taxes code

While the govt has widened the tax base and provided substantial relief to MSMEs, its U-turn on DTC means the code will not be implemented before the next govt comes to power

Prolonged slowdown: Feb auto sales at a new low due to poor demand

Dealers are looking to cut down on their inventory in March and April

Boeing 737 Max 8 row: Govt, airlines to meet at 4 pm for contingency plan

'We will ground all 737 Max 8 aircraft, which are currently in use by Indian airlines, by 4 pm today,' a DGCA official said

Natural rubber production declines, demand-supply gap rises to 45%

The tyre manufacturers have asked the government to reduce the import duty for natural rubber to less than 10 per cent.

Govt warning: Twitter execs to be jailed if offensive content isn't removed

A parliamentary panel last month asked micro-blogging site Twitter to engage more with the Election Commission of India (ECI) ahead of general elections and address issues on a "real-time" basis.