Page 2350 - Economy & Policy News

India's farm exports down 46% by volume, over 50% by value in Apr-Dec 2018

Stockists in global market defer purchases on hopes of price fall; Experts, however, feel sentiment has started reviving, may lift India's overall agri exports in coming quarters

DoT panel undecided on spectrum allocation to mobile operators

Some experts say unless a service provider has robust backhaul spectrum, providing 5G services can become a challenge for the company

I-T dept unearths Rs 20,000-cr hawala, money laundering racket in Delhi

The dept conducted searches against a group and found 'undisclosed foreign bank accounts and a well-established racket of claiming bogus duty draw back/GST through over-invoicing of exports.'

National Statistical Commission has approved NSSO report: Labour Minister

The government has not released the NSSO's PLFS report for 2017-18, which shows unemployment rate at a 45-year high of 6.1 per cent, even after the required approvals were in place

Govt to raise Rs 5,300 cr from selling SUUTI's 3% stake in Axis Bank

Analysts believe Axis Bank's financials are improving as the pool of stressed assets of restructured assets and corporate loans rated 'BB' and below have been on a decline

India-US talks on February 14: Crude oil imports to dominate agenda

Last year, both countries had given a wide berth to contentious trade issues in the 2+2 dialogue, instead focus on defence and foreign affairs

Reliance Industries to stop production at two KG fields as output falls

All hopes now on three new discoveries having 3 trillion cubic feet of discovered gas

Modi govt's minimum income guarantee scheme was for landless farmers too

The plan was scrapped as the Centre realised it will be difficult to identify landless farmers

Petronet's LNG terminal plan in Bangladesh put on the back burner

Bangladesh has instead asked India to bid in the ongoing round for an LNG regasification terminal at Matarbari, also Cox's Bazar

Finance Commission notifies panel to resolve Rs 31,000 cr food account

Commission chairman N K Singh gave approval to the issuance of the notification for the constitution of the committee on Monday, an official release of Punjab government said.

Govt eyes raising Rs 5,316 cr through part-sale of Axis Bank stake

The govt holds a 9.56 per cent stake in the private sector lender through state-owned Specified Undertaking of the Unit Trust Of India (SUUTI)

NCLAT allows 22 IL&FS group companies to service their debt obligations

Besides, a two-member bench headed by Justice S J Mukhopadhaya approved appointment of former Supreme Court judge Justice D K Jain to supervise resolution process of IL&FS group

Ruling Congress stops 8,493 BJP-approved infra projects in Chhattisgarh

Chief Minister Bhupesh Baghel says the projects, mostly related to PWD, need to be examined; says predecessor was in a hurry to clear them for political reasons

Indian ports to log 6-8% cargo growth on crude, coal volumes in FY19: Study

Sagging coal imports rebound in first half of current fiscal, trend likely to continue through the year; Containers, too, will lead cargo shipments

23,779 hectares of SEZ development land lying vacant: Suresh Prabhu

The Board of Approval (BoA), chaired by the commerce secretary, for SEZs only considers proposals for setting up of new zones which have been duly recommended by the state government, says Prabhu

Defence industries attract meagre $0.21 million FDI during Apr-Sept 2018

In 2014-15, 2015-16 and 2017-18, defence industries received $0.08 million, $0.10 million and $0.01 million foreign inflows, respectively

Housing sector recovers in southern states; new projects up 77%: Anarock

Anarock also found out that the collective unsold stock in these southern cities is a mere 19 per cent of the total 6.73 lakh unsold units across the top seven cities

Rahul supports Naidu, says Modi stole from Andhra and paid industrialists

"The prime minister has stolen from the people from Andhra Pradesh and he has given that money to Anil Ambani. That is the fact of the matter," Gandhi said

Now, Chidambaram alleges Rafale deal is unraveling faster than govt thought

The Congress on Monday said the Rafale deal is "unravelling" faster than the government thought, with issues such as "parallel negotiations" by the PMO and changes in the standard defence procurement

Rich or poor, everyone is at risk from the crisis in Indian shadow banks

A wall of mistrust threatens to feed through to microlenders, hurting the poor and dragging down consumption.