Page 2384 - Economy & Policy News

India's fiscal deficit target overshot by 15% on revenue shortfall: DBS

An equally big concern are divestment efforts, with year-to-date collections still at a fifth of the target of Rs 80,000 crore

Time-of-day pricing can de-stress India's electricity sector: Study

The report faulted India's current flat tariff system as it offered little incentive for network or consumer efficiency through load smoothing

Relief for 2 mn small businesses as GST exemption doubled to Rs 40 lakh

Businesses availing GST Composition Scheme to file just one annual return, pay taxes once every quarter

Modi govt plans to make hospitals into an 'industry' under Ayushman Bharat

To incentivise private investment, the government will help in land allotment and gap funding for private hospitals in Tier 2 and Tier 3 cities

Parliament clears 10% quota bill, Prez nod to make it a law: Top highlights

Here's all you need to know about the 10% quota Bill for the general category

RBI expands ambit of gold-monetisation scheme

Experts said this was likely to attract huge quantities of gold over the coming months. Some claimed this was a move to bring out unaccounted gold ahead of the Lok Sabha elections

Central banks betting big on gold amid global uncertainty

Purchases hit a 3-year high in 2018 as trade tensions and volatile yields kept markets on the edge

Sikkim CM to propose universal basic income, state may be first in country

Party leaders say the objective was primarily to "future proof" the youth of the state, while also address vulnerability of other sections of the society

Rajya Sabha passes 10% quota Bill, states to decide on beneficiary criteria

Law Minister Ravi Shankar Prasad said the legislation gives powers to states to decide on the economic criteria for defining the beneficiaries

Cartels set up 'briefcase' firms, defraud GST regime of thousands of crores

Fake companies are floated with the intention to fraudulently pass on input tax credit by issuing fake invoices without any supply of goods

Meghalaya mine tragedy: Illegal mining rampant in the country

Around 77,081 cases of illegal mining reported in April- December 2017

Nations like India should pad up for trade, manufacturing turbulence: WB

In India, growth has accelerated, driven by an upswing in consumption, and investment growth has firmed as the effects of temporary factors wane

Highest number of EMs will raise rates this year since 2006: JP Morgan

Between 2015 and early 2018 developing countries, big and small from Brazil and Russia to Armenia and Zambia slashed interest rates

Make govt jobs less cushy: MIT economist Abhijit Banerjee on 10% quota

The Bill seeks to offer 10% Central and state government jobs to all those who are economically backward, including minorities who have an annual income of Rs 8 lakh or own under 5 acres of farmland

'Muddled thinking': Amartya Sen on 10% quota for general category poor

He also said Modi government sustained the 'high economic growth' achieved during the UPA regime, but that did not translate into jobs, poverty elimination and better healthcare and education for all

Suresh Prabhu makes a case for greater flow of credit to export sector

Banking issues such as caution-listing of exporters, third party/ third country exports and list of items to be traded with Iran were also deliberated in a meet with exporters

Army Chief Bipin Rawat open to talks with Afghan Taliban, sans conditions

The Army chief was participating in a discussion on terrorism at the ongoing Raisina Dialogue in New Delhi

Michel was lobbying for Rafale rival; Cong should clarify: PM Modi

The onus is on the Congress to come clean on what is driving its allegations on the (Rafale) deal, Modi said at a rally in Solapur

India moves up a rank on The Economist's Democracy Index 2018

Country still classified as 'flawed democracy'; report warns BJP is using coercive tactics to consolidate power

Mixed response to strike on Day 2; banking, transport partially hit

Over 32,000 BEST employees went on an indefinite strike on Tuesday over various demands, including higher salaries