Page 2342 - Economy & Policy News

Ministry asks airlines to promote govt's achievements with flyers, snubbed

Flummoxed private sector executives have in unison said that it's not their job

RBI takes close look at 'standstill agreements', plans to tighten norms

RBI plans to tighten norms on such deals between promoters, lenders

First tranche of PM-Kisan scheme likely to cover 24 million farmers

Details of over 26 million farmers were uploaded by states on the official PM-KISAN website

EPFO hikes interest rate to 8.65%, move to benefit 170 mn subscribers

The EPFO now will be left with a surplus of Rs 151.67 crore by providing an interest of 8.65 per cent for the current financial year

Australia, Indonesia, Swiss tourism boards open new vistas for travellers

India is the fastest growing source market for Australia and over 350,000 are believed to have visited the country in 2018

Gadkari tweets on 'stopping' water sharing with Pakistan, govt clarifies

The government clarified that the minister was reiterating the government's stated policy on the issue

RBI cut lending rate citing steady inflation, hoped to boost investment

Under the chairmanship of Governor Shaktikanta Das, the committee voted four against two for a 25 basis point repo rate cut

Government re-promulgates ordinance for companies law amendments

As many as 16 minor offences have been re-categorised as "purely civil defaults" which would help de-clog special courts

MSEs are becoming more optimistic about their business prospects: Survey

Firms also appear to be optimistic about their prospects in Q4FY19

Producers get pricing freedom in govt's new rules for oil, gas exploration

New rules will be largely applicable on 19 basins and on future licensing rounds, says Dharmendra Pradhan.

Parliamentary panel asks govt to make reports on black money public

While the government claims that the reports had already been sent to the Standing Committee, some of its members disagree

India aims to be among world's top 3 economies in next 15 years: PM Modi

Today, India's economy is on the 6th position and it will not take time to reach the 5th spot, Modi said

Government stops classifying steel manufacturers on capacity basis

The step has been taken to provide a level-playing field to steel manufacturers, government said.

India will stop flow of 'eastern' river waters to Pakistan, says Gadkari

India blames Pakistan for the attack by the Jaish-e-Mohammed terrorist group on a convoy of the Central Reserve Police Force (CRPF)

5% GST without input tax credit on realty favourable for developers

This is a critical matter and the outcome will have a notable impact on real estate market sentiment, Anarock property consultants chairman Anuj Puri said

Commerce Ministry sets $50-bn bilateral trade target with Russia by 2025

As of end-2018, trade between the two countries stood at $30 billion

Acharya cited core inflation, said 'no room' for changing lending rate

RBI has lowered its inflation target for April-Sept to 3.2-3.4% from the 3.8-4.2% seen in December and trimmed the growth forecast to 7.2-7.4% from its previous estimate of 7.5%

Coal mine 10-day stir shrinks NTPC Kaniha generation by 40%

The agitation by locals over employment, was called off Thursday with production resuming at the mines of Mahanadi Coalfields Ltd (MCL), a Coal India Ltd (CIL) subsidiary

EPFO interest rate raised to 8.65% from 8.55%, first hike since FY 16

The decision follows a populist interim budget announced by the government ahead of the Lok Sabha elections

Start-ups call for govt support to help indigenise defence industry

Surveillance drones, rockets to put satellites into space, 3D printing machines to make aircraft parts and satellites that provide internet from space were some of the startup innovations on display