Page 2416 - Economy & Policy News

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

Indian sugar industry plans to increase exports to South Korea: Govt

It said that the discussions were positive, and subject to Indian sugar industry meeting the quality standards and specifications prescribed by South Korea

Govt orders cadre review, restructuring of I-T dept; 12-member panel formed

The new committee to undertake cadre review and restructuring of the department has been given a specific four-point charter to follow

RBI scales up amount of liquidity infusion by Rs 100 bn to Rs 500 bn in Dec

The RBI has already injected Rs 200 billion through two OMO purchase auctions

Accept vehicle documents, licences in electronic format: Centre asks states

Vehicle owners can also show their documents like driving licence, RCs and insurance certificates through mobile apps like Digilocker and mParivahan app

Aadhaar Act amendments propose enhanced powers to UIDAI, stiff penalties

The proposed amendments in Aadhaar Act are also in sync with the Srikrishna panel recommendations that had asserted that UIDAI should not only be autonomous in its decision-making

GST leading to hawala transaction, input tax credit black money: Amit Mitra

Mitra said he had then opposed such hasty rollout as the computer systems were not prepared to deal with uploading of as many as 3 billion invoices

Coal use declines in Europe, North America but demand spikes in India: IEA

Significant increases in coal use are also expected in Indonesia, Vietnam, Philippines, Malaysia and Pakistan

UP goes for Rs 15-bn crop loan waiver after Cong move in MP, Chhattisgarh

Relief aimed at farmers who could not benefit under the flagship scheme last year

Option of marrying IBC with settlement schemes can be looked at later: FM

Jaitley said such an option could be thought of only after the initial rush of bankruptcy cases are cleared

Tamil Nadu launches door-step Aadhaar enrolment scheme for kids below five

Tamil Nadu Chief Minister K Palaniswami formally launched the scheme Monday by giving away seven Aadhaar kits containing the machines to officials of the Social Welfare Department