Page 2374 - Economy & Policy News

12 states grew faster than national GDP, but failed in job creation: Crisil

The Crisil report comes in the immediate backdrop of a report by the independent think-tank Centre for Monitoring Indian Economy which said as many as 1.1 crore jobs were lost in 2018 alone

RBI policy paper new players in retail payment systems through easy norms

The RBI has been issuing guidelines for various payment systems and grants authorisation to non-banks for setting up and operating payment systems.

States' fiscal deficit to breach target, may go up to 3.2% in FY20: Report

The agency expects states' aggregate revenue expenditure to grow 18.9 per cent to Rs 33.28 trillion in FY20

India moves up a notch on global talent competitive index, ranked 80th

China is the best performer among BRICS countries, while India remains the laggard of this grouping

Withdraw all appeal cases in courts by January-end: CBDT to taxman

The move assumes significance as the NDA government would present the interim Budget for 2019-20 on February 1

RBI starts two quarterly surveys of manufacturing, services, infra sectors

Findings of the two surveys -- Industrial Outlook Survey, and Services and Infrastructure Outlook Survey - would be significant for the govt and the opposition as the country heads for Lok Sabha polls

Govt may impose anti-dumping duty on Malaysian glass used in solar panels

The duty is aimed at ensuring fair trading practises and creating a level-playing field for domestic producers with regard to foreign producers and exporters

How China is dodging duty wall to continue dumping stainless steel in India

The country is routing its exports via Indonesia, where its firms have already installed 3 mn tonnes of capacity, which is twice the South-East nation's annual consumption

Tamil Nadu eyes Rs 2.4 trn investments from second Global Investment Meet

Adani, GMR, Hyundai, Saint Gobain among companies to sign MoUs; state has already cleared proposals worth Rs 65,000 cr, which are likely to be signed at GIM 2019

Indian economy poised to pick up in 2019, do better than China's: IMF

The IMF's January World Economy Outlook update says India will remain the fastest growing major economies of the world.

Centre to look into textile industry's concerns on embedded duties: Irani

She made the remarks at the Textile Conclave organised by Assocham in Gandhinagar on Sunday, a release said

Bihar awaiting legal opinion to implement upper caste quota: Nitish

Nitish Kumar said he was in favour of treating the extremely backward classes among the OBCs as a separate category at the national-level

Leather exports body seeks 12% GST reduction on footwear priced above Rs 1k

As the sector holds huge potential both for manufacturing and exports, "we need support from the government," he said

Modi govt considering paying farmers cash instead of subsidies: Report

The govt, which has already exceeded the annual budget deficit target, has little room for spending in the current year

Undergoing major expansion, Gopalpur Port turns away luxury cruise liner

The port neither has any provision, nor is designed, for passenger movement; authorities say docking permission would have put Indian tourism in bad light

Govt to fund institutes for 10% quota for EWS among general category

The government has asked 40 central universities, which includes JNU, DU, AMU, Jamia Millia Islamia and 77 HEIs for details of financial assistance

Nepal's Central Bank bans use of large-denomination Indian currency notes

Move could affect Indian tourists visiting the Himalayan nation where Indian currency is widely used

Ganga pollution rose in Uttarakhand in 2014-18, no change in UP, Bihar, WB

A Central Pollution Control Board report showing this was put in public domain only after Supreme Court directions but withdrawn within 12 hours of questions being sent to the govt for this story

From learning to enrollment, India's primary education is in a shambles

Aser surveys children between the ages of 3 and 16 to find out the status of enrolment and foundational skills (literacy and numeracy) across the country

Nirmala Sitharaman criticises Congress attack on Rafale jet deal

She said the government had responded to every question asked by the Congress in Parliament regarding the deal