Page 2348 - Economy & Policy News
State government approves Rs 640 crore for Ayodhya airport project
The project aims to develop an airstrip and put Ayodhya on the international tourism map, boosting the temple town's economy and generating employment.
 "State government approves Rs 640 crore for Ayodhya airport project")
One lakh students to be trained in GST accountancy, govt to fund fees
The government is coming out with Goods and Services Tax (GST) Accountants course and plans to train about 1 lakh GST Accountants over the next one to one-and-half year
 "One lakh students to be trained in GST accountancy, govt to fund fees")
Commercial coal mining auctions unlikely due to elections: Official
The government last year allowed private companies to mine the fossil fuel for commercial use, ending the monopoly of state-owned CIL
 "Commercial coal mining auctions unlikely due to elections: Official")
Mumbai's 166-year-old Byculla railway station to be revamped by NGO
The NGO led by BJP leader Shaina NC, would embark on restoration work in association with conservation architect Abha Lambah
 "Mumbai's 166-year-old Byculla railway station to be revamped by NGO")
Coffee prices down 30% in 5 years despite India's retail chains flourishing
Cafe Coffee Day, Barista, Starbucks may have created a coffee-drinking culture, but that has not helped India's coffee growers much
 "Coffee prices down 30% in 5 years despite India's retail chains flourishing")
Kerala's tourism footfall in 2018 at half its population: Minister
Kerala's tourism revenues touched Rs 35,528 crore last year despite crippling floods and the Nipah outbreak
 "Kerala's tourism footfall in 2018 at half its population: Minister")
Revival in realty? Home sales are up, Rs 25-50 lakh bracket most preferred
Even as developers struggle with mounting debt, key cities barring the National Capital Region have witnessed a 5 per cent annual rise in home sales in the quarter ended December 2018.
 "Revival in realty? Home sales are up, Rs 25-50 lakh bracket most preferred")
Bank of Singapore ties up with India's Edelweiss to tap wealth market
Bank of Singapore will offer a range of global investment services to Edelweiss' clients abroad, while Edelweiss will provide wealth and investment products services to Bank of Singapore's customers
 "Bank of Singapore ties up with India's Edelweiss to tap wealth market")
Indigo crisis: India facing pilot shortage; 2,000 more needed this year
According to CAPA Research, the country has over 7,963 pilots and will require an additional 17,000 pilots in the next 10 years
 "Indigo crisis: India facing pilot shortage; 2,000 more needed this year")
RBI think tank wants independent body to verify official economic data
The view of the think tank comes almost two weeks after the government pegged budget deficit target at 3.4% of gross domestic product for the current fiscal year ending in March as well as the next
 "RBI think tank wants independent body to verify official economic data")
India seeks access to private messages in Whatsapp crackdown
Frustrated that the service has been used to incite violence and spread pornography, the government is pressing WhatsApp to allow more official oversight of online discussions, even if that means givi
 "India seeks access to private messages in Whatsapp crackdown")
Fearing backlash at WTO, India rules out import duty hikes for copper, iron
Despite repeated requests from industry, govt does not want to raise levy on inbound metals
 "Fearing backlash at WTO, India rules out import duty hikes for copper, iron")
Bank credit up 14.5% to Rs 94.29 trn, deposits rise 9.63%: RBI data
The pick-up in economic activity has boosted credit demand
 "Bank credit up 14.5% to Rs 94.29 trn, deposits rise 9.63%: RBI data")
Insolvency code amendment on cards to ensure NCLT-approved plans are obeyed
Section 29 (A) introduced to debar errant promoters and related parties from placing resolution plans
 "Insolvency code amendment on cards to ensure NCLT-approved plans are obeyed")
Modi govt's Rafale fighter jet deal 2.86% cheaper than UPA's: CAG report
The CAG report on Rafale fighter jet deal drew sharp political responses across parties
 "Modi govt's Rafale fighter jet deal 2.86% cheaper than UPA's: CAG report")
CAG questions accuracy of benchmark pricing in air defence acquisitions
Says methodology leads to delay, awarding lowest bidder unsuitable for hi-tech assets
 "CAG questions accuracy of benchmark pricing in air defence acquisitions")
CII bats for GSP, says continuation of scheme beneficial to both US, India
Under the GSP regime, India enjoys zero tariffs on around $ 5.6 billion of exports to the US
 "CII bats for GSP, says continuation of scheme beneficial to both US, India")
Modi to launch industrial projects worth Rs 65,000 cr in Kanpur on Feb 27
The Adityanath government is planning to host the mega 'ground breaking' ceremony for the projects in the industrial town of Kanpur on February 27
 "Modi to launch industrial projects worth Rs 65,000 cr in Kanpur on Feb 27")
Coal and finance the two major challenges facing power sector: R K Singh
Power minister says demand for power will continue to rise; current per capita consumption of 1,200 units is expected to grow 2-3 times to come at par with international consumption
 "Coal and finance the two major challenges facing power sector: R K Singh")
20% discount on Eurofighter by EADS had 'factual inaccuracies': MoD to CAG
In July 2014, the European Aeronautic Defence and Space Company (EADS) had offered the discount and also proposed enhancing the transfer of technology process.
 "20% discount on Eurofighter by EADS had 'factual inaccuracies': MoD to CAG")