Page 2418 - Economy & Policy News

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

Ujjwala LPG scheme expanded to all poor families, crosses 2019 target

So far, 58.5 mn connections have been given under the scheme across 715 districts

DoT plans to be ready for 5G spectrum auction by August next year

The DoT secretary says while the TRAI had given preliminary recommendations on the proposed auction, the working committee at the DoT was looking at the details

Multi-state GST, Input Tax Credit fraud worth Rs 2 billion detected

According to officials, the fraud was committed during the past one-and-half years through bogus business and fake invoices and e-way bills

Govt plans to amend norms pertaining to incorporation of companies

Suggestions along with justification have to be submitted by December 31, according to a communication

Need to remove barriers blocking India at global market level: Niti

The Niti Aayog vice chairman also opined that slow growth in agri processing industry is one of the causes for distress in the farm sector in India

Industry has to compete on everything as tariff safety temporary: DIPP Secy

Centre and the states need to work together to provide necessary support to industry to enhance their competitiveness, said Secretary Ramesh Abhishek

India cautious about China's sensitivities, not Beijing: Parliament panel

The ministry has argued that it does not want to "upend" this policy of the Indian government in deference to China's sensitivity on the matter

Government meddling in RBI affairs may hit Indian banking system: S&P

S&P Global Ratings views as credit negative the circumstances leading to the recent resignation of Urjit Patel as governor of the Reserve Bank of India (RBI)

Giving excess reserve to govt may pull down RBI credit rating, warns Rajan

RBI's board last month decided to set up a committee for examining the economic capital framework to determine the appropriate levels of reserve the central bank should hold

Cabinet to take call on methanol policy in next 2 months, may allow import

Demand estimated to reach 10 mn tonnes by 2022, as country plans to expand methanol use as a transportation fuel and for cooking

Govt is considering framing an e-commerce policy, says Suresh Prabhu

No deadline, however, has been fixed for the policy formulation, Prabhu said

E-commerce share in India's FMCG retail sales triples in 2 years: Nielsen

It further stated that global online grocery purchasing is up 15 per cent in the last two years

Govt has given Rafale price details to CAG, says Nirmala Sitharaman

The BJP kicked off its plan to address 70 press conferences across India, with Sitharaman addressing a press conference in Mumbai

Govt extends Ujjwala LPG scheme to all poor households after Cabinet nod

Oil Minister Dharmendra Pradhan said the Cabinet Committee on Economic Affairs on Monday approved expanding the scope of Pradhan Mantri Ujjwala Yojana

New e-commerce policy to shut down predatory pricing by firms: Officials

Previous draft policy had a clause against price distorting discounts

Relax, Huawei Technologies is no threat to India's national security: COAI

Says the Chinese company would be in the forefront of 5G innovation

FPOs: A solution to boost farmers' income and help soothe agrarian distress

Against a broad requirement of over 60,000 FPOs, India has managed to create just around 5,000 of them in last more than 10 years

MP CM Kamal Nath keeps Cong promise, signs file to waive off farmers' loans

Riding on its promise of a farm loan waiver, the Congress won 114 seats, two seats short of a majority in the 230-member House