Page 2417 - Economy & Policy News

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

PM Modi kicks off Rs 330 bn-metro, low-cost housing projects in Mumbai

Accompanied by state chief minister Devendra Fadnavis and Union urban development minister Hardeep Singh Puri, Modi laid the foundation stones for the these three projects

Govt to announce ranking of states, UTs on startup development on Dec 20

The rankings are based on the initiatives taken to develop startup ecosystem for promoting budding entrepreneurs

Everything is geared up for 24X7 'Power for All' by March 2019: Govt

According to power ministry data, India has emerged as a net exporter of electricity this year, while the energy deficit has come down and the energy availability has gone up

Huge investment scopes for Turkish construction firms in India: Prabhu

While India's exports to Turkey stood at $5 billion, imports were only $2.2 billion in 2017-18

Modi to visit Maharashtra to launch infra, housing projects worth Rs 410 bn

Soon after landing at Mumbai, Modi will attend an event organised by a TV channel and later release the book 'Timeless Laxman' at Raj Bhavan

Govt regulating import of natural rubber to help growers, says minister

The most-active December contract of rubber hit a three-month low of Rs 11,751 per 100 kg on Indian Commodity Exchange

Modi's cashflow woes get more bearable with new RBI governor in place

Getting the RBI to share its capital will help the government boost growth without missing its budget deficit goal of 3.3% of gross domestic product

Govt confident of crossing disinvestment target, hopes to garner Rs 850 bn

Senior government sources said buybacks by public sector units could get the exchequer between Rs 120 billion and Rs 150 billion

IAF goes green, plans to fly biofuel-powered An-32 transport aircraft

Plans to fly the biofuel-powered transport aircraft over New Delhi during the Republic Day parade

'Freight blocks' are the next growth engine for Indian Railways

The move by the Indian Railways means further delays, even cancellations, of passenger trains

After Kamal Nath, Chhattisgarh CM announces Rs 61 bn farm loan waiver

The farm loan waiver announcement has been widely hailed by farmers' representative bodies

Computer screens, power banks likely to take GST cuts on Saturday

Big-ticket rate cuts unlikely at upcoming Council meet owing to revenue shortfall