Page 2414 - Economy & Policy News

RBI officers unhappy with new promotion policy, seek return to old system

With the new policy, only 75% of the officers with a particular rank would be promoted, while it was 90% earlier

Note ban shaved off GDP growth by 2 percentage points in Q4 2016: Economist

The Indian economy grew at 7 per cent in the third quarter (when demonetisation was implemented) of 2016-17 and at 6.1 per cent in the subsequent quarter

India second most affected country by spam calls in 2018, says Truecaller

Truecaller said it identified and blocked 17.7 billion spam calls globally this year

Khadi workers on 'Satyagraha', dispute Modi govt's claims on ghost artisans

While the government claims it has weeded out seven lakh 'fake artisans', representatives of khadi producers cry foul.

Isro's military communications satellite GSAT-7A to be launched today

It is believed that the 2,250-kilogram geostationary communication satellite will give a boost to the Defence forces' communication capabilities

Gujarat government to write off electricity bills worth Rs 6.5 billion

Gujarat Energy Minister Saurabh Patel informed that 622,000 people would benefit from the move

Defying US sanctions, India to pay for Iran's oil via 5 UCO Bank accounts

Continued supplies is crucial for India as Tehran offers better credit terms than other Middle East oil producers

Raghuram Rajan and Urjit Patel: Differing styles and a common mission

It is often difficult to separate the terms of the two RBI Governors, except that while Rajan was eloquent, Patel was quietly aggressive

New angel tax notices spook investors, start-ups; trip fund-raising efforts

Differences over 'fair value' of fledgling firms makes assessment difficult

Revisiting pre-IBC norms only after current rush: FM Arun Jaitley

Section 29(A) of Code needs amendment, says Jaitley

RBI-govt relationship like husband-wife, says former PM Manmohan Singh

Former Prime Minister slams critics, says was not a silent PM and spoke to the press

Will try to get 99% items in 18% slab or lower, says PM Narendra Modi

Oppn cries foul over announcement without consulting Council

Exercise Bahubali: IAF demonstrates its strategic airlift capability

Such an airlift would be invaluable in wartime, for reinforcing a threatened sector, such as Ladakh, with troops or equipment

States seek more funds for MGNREGA as work demand shoots up due to drought

Many don't buy the Centre's claim that fund flows to the scheme for wage payments have smoothened

In a period of high growth, import costs irk exporters in India

Burgeoning demand for Indian goods across major export destinations has led to widespread expectations that merchandise exports will breach the $325-billion level in the current financial year

High growth rate in manufacturing a doable challenge, says NITI Aayog CEO

On sectoral basis, growth in the manufacturing gross value added has to be 14.6% year after year

RBI vs govt: Regulators can't work in isolation, says Arun Jaitley

Without specifying RBI, he said there is a need for regulators to consult all the stakeholders as that is when one gets a "feel of the market"

India destined to be major powerhouse of global economy: Manmohan Singh

Singh, who is also a renowned economist, said that India has witnessed an average growth rate of about 7% since 1991

Rupee gains most in 5 years, aided by a sharp correction in crude prices

Reflecting the change in the level of fiscal stress, the 10-year bond yields also fell 12 basis points (bps) to close at 7.35 per cent, an eight-month low

Debt waiver schemes likely to eat into states' capital expenditure

The move would boost consumption growth but may adversely impact the quality of fiscal deficit as well as GDP growth, says ICRA