Page 2337 - Economy & Policy News
New aviation charter lacks teeth, won't address customer grievances fully
It neither mentions timelines for refund or compensation, nor talks about penal provisions for airlines
 "New aviation charter lacks teeth, won't address customer grievances fully")
Govt has promised to lower corporate tax to 25% as GST mop-up rises: Ficci
In the 2015-16 budget, govt had announced that the corporate tax rate would be gradually lowered to 25% from 30% over the next four years and exemptions available to companies would be phased out
 "Govt has promised to lower corporate tax to 25% as GST mop-up rises: Ficci")
February services PMI shows uptick, overall inflation rate softens
Upbeat demand conditions in the domestic demand fed through to the labour market, with services sector jobs expanding at the same solid rate that was registered at the start of 2019
 "February services PMI shows uptick, overall inflation rate softens")
Will India's exports be hit if US withdraws its preferential trade status?
India's GSP eligibility had been under threat ever since it was clubbed with Indonesia and Kazakhstan to be scrutinised by a sub-committee under the United States Trade Representatives
 "Will India's exports be hit if US withdraws its preferential trade status?")
How the US withdrawal of GSP could hit India's garments exports
If readymade garments are also targeted, the impact would be huge as 30-35% of the merchandise in this space goes to the US
 "How the US withdrawal of GSP could hit India's garments exports")
Time is ripe to set up mediation authority for settling accident claims: SC
The court also said there is a "dire need" for deciding the accident claim cases without delays and within a reasonable period
 "Time is ripe to set up mediation authority for settling accident claims: SC")
Tribal eviction case: SC to consider hearing fresh plea, SIT may be set up
The apex court had last Thursday stayed its February 13 order directing 21 states to evict 11.8 lakh illegal forest dwellers
 "Tribal eviction case: SC to consider hearing fresh plea, SIT may be set up")
E-commerce has revolutionised retail sector, can't be stopped: Niti Aayog
India's e-commerce market will touch $84 billion in 2021 from $24 billion in 2017, says Deloitte India report.
 "E-commerce has revolutionised retail sector, can't be stopped: Niti Aayog")
Railways approved 500 extra train stoppages this fiscal on MPs' request
Senior officials say that MPs are still writing to the railway minister to approve stoppages in their constituencies, as they become a rallying point during election campaigns
 "Railways approved 500 extra train stoppages this fiscal on MPs' request")
UP clears land transfer to Indian Oil Corp for Rs 800 crore ethanol plant
Yogi government eyeing Rs 1,600 crore investment in defunct state sugar mills
 "UP clears land transfer to Indian Oil Corp for Rs 800 crore ethanol plant")
Donald Trump's trade spat with India: Why it's bad optics and bad strategy
The Trump administration notified Congress on Monday that it wants to scrap trade concessions for India.
 "Donald Trump's trade spat with India: Why it's bad optics and bad strategy")
Rs 20 lakh gratuity limit to benefit PSU, private sector employees: Jaitley
The government in Budget 2019-20 also announced hiking of tax free gratuity to Rs 20 lakh for employees having service of more than five years
 "Rs 20 lakh gratuity limit to benefit PSU, private sector employees: Jaitley")
25 trains cancelled, 7 diverted as protesting Punjab farmers block tracks
Two trains the New Delhi-Amritsar Shatabdi Express and the New Delhi-Amritsar Shan-E-Punjab Express were short-terminated in Jalandhar City and Beas town respectively
 "25 trains cancelled, 7 diverted as protesting Punjab farmers block tracks")
How minimum wage could double to Rs 375/day if govt accepts proposed norms
The new formula, arrived at by using new evidence on how and how much households consume, suggests increasing the number of 'consumption units' per household to 3.6
 "How minimum wage could double to Rs 375/day if govt accepts proposed norms")
Services PMI gains momentum, rises to 52.5 in Feb from 52.2 in Jan
The services PMI was in the expansion territory for the ninth straight month
 "Services PMI gains momentum, rises to 52.5 in Feb from 52.2 in Jan")
Trump move to end preferential trade treatment won't hurt India much: Govt
Under the GSP program, India exports $5.6 billion worth of goods to the United States duty-free
 "Trump move to end preferential trade treatment won't hurt India much: Govt")
Exports likely to be hit as US moves to end major trade benefits to India
India, having exported goods worth $5.6 billion to the US in 2017-18 through the scheme, is the largest beneficiary nation under the US' GSP scheme
 "Exports likely to be hit as US moves to end major trade benefits to India")
Want to terminate preferential trade status for India: Trump to US Congress
New Delhi not providing us equitable and reasonable access to markets. Want to terminate preferential trade status for India, says Trump in letter to US Congress
 "Want to terminate preferential trade status for India: Trump to US Congress")
Highways cancelled from road monetisation to be on bidding table again
NHAI is yet to set a timeline for fresh rounds of auction since the announcement of dates for general elections is likely to happen any time
 "Highways cancelled from road monetisation to be on bidding table again")
States improving on deficits but liabilities continue to rise: RBI data
State budgets have generally kept a farmer-centric theme either announcing a new farm support scheme or enhancing the current level of income support to the farmers
 "States improving on deficits but liabilities continue to rise: RBI data")