Page 2349 - Economy & Policy News

Amaravati to adopt district cooling in govt bldgs, signs deal with UAE firm

It's a 30-year agreement to build, own, operate and transfer a cooling capacity of 20,000 refrigeration tons; first such system was set up in India at GIFT city

Wind, solar power to be preferred energy sources by 2030 in India: Report

The cost of wind power will be between Rs 2.3-2.6/kWh and of solar power in the range of Rs 1.9-2.3/kWh by 2030, the report projected

EPFO to retain interest rate at 8.55% for FY19 in Feb 21 meeting: Reports

However, the source did not dismissed completely speculations that interest rate on EPF deposits for this fiscal can be more than 8.55% in view of Lok Sabha elections

Don't have firms to establish helicopters business in India: Jayant Sinha

The people of Himachal Pradesh are desperate to have these helicopter shuttles because it will really push the tourism in an incredible way, says Jayant Sinha

Cabinet may relax 30% local sourcing norms for single-brand retailers

To attract big players such as iPhone maker Apple, single-brand retail firms may be permitted to open online stores before setting up brick-and-mortar shops if they bring in over $200 mn FDI

India and Pakistan are hoping to reap investment from Saudi prince's visit

Saudi Arabia's Crown Prince Mohammed bin Salman is expected to announce investments in energy and infrastructure during a visit to India and Pakistan

Diversity in the 'man cave':More women in boardrooms but minorities lag

Though women still are underrepresented, their gains have been more substantial than those of African-Americans and Latinos.

NDA's Rafale deal 2.86% cheaper than UPA's 2007 offer: CAG report

The report gives much relief to the Modi government, which has been facing fervent attacks by the Congress over the fighter jet deal.

Indian telecom turns monopolistic, proposed 5G auctions will step up trend

Indian telecom pipeline firms are cash-strapped, will find it hard to roll out 5G services soon. But if they do, the pace would be erratic, keeping rural and semi-rural areas under-served

Chart: Not housing but health is biggest contributor to India's inflation

Housing inflation, which hit a peak of 8.50% in April following the implementation of the Seventh Pay Commission's recommendations, has fallen steadily since to stand at 5.1% in January

No PAN information available for 95% of real estate companies: CAG report

CAG said it could obtain the details of companies dealing in real estate sector from RoCs in 12 states only

133 mn new jobs may emerge in shake up between humans and machine:OECD

At the same time, 75 million jobs, however, may be displaced, it was revealed at the World Government Summit.

Train 18 fares reduced after feedback, travellers can't opt out of meals

ationalising the fares of Vande Bharat Express or Train 18, the railways said an air-conditioned chair car ticket for a Delhi-Varanasi trip would cost Rs 1,760

Yield curve steepens, short-term rates drop on RBI rate cut decision

This behaviour of the rates meant that the yield curve has steepened with shorter term rates falling faster than longer term rates

CAG points out irregularities in process of sharing GST revenue

Says savings in expenditure by ministries and departments 'indicative of defective budgeting'

Indian company to build 111 Naval Utility Helicopters for Rs 21,738 crore

The basic SP policy framework is a part of the Defence Procurement Procedure of 2016 (DPP-2016)

Govt targets Rs 4,000 crore through additional Bharat-22 ETF sale

There could also be offers-for-sale for a number of state-owned companies and initial public offerings of companies

DTC panel seeks to curb tax litigation; charitable trusts may face the heat

Voluntary settlement norms being considered; charitable trust may face heat

SHAKTI scheme: Second round of auction to keep out former winners

The first round, conducted in September 2017, saw the entire offered amount contracted by power developers

IIP grows at 2.4% in December against 7.3% in year-ago period

Growth was subdued due to contraction in mining and lacklustre manufacturing expansion