Page 2420 - Economy & Policy News

India's export growth plunges to 0.8% in November; trade deficit shrinks

On the other hand, a similar slower pace of growth on the import side effectively shrunk the trade deficit in November

Railways to give TTEs with hand-held devices to check availability of seats

The availability of such systems would mean that there will be a real-time reflection of vacant berths to passengers who are boarding train from the stations on the route of the train

Keep farm loan waivers out of poll promise: Ex-RBI Governor Raghuram Rajan

Ex-RBI governor had written to EC to take issue off the table

Indian railways offers 25% discount on transport of empty containers

The initiative of giving discount in haulage of empty containers and flat wagons is expected to increase more loading in both EXIM trade and domestic segments of container traffic

Odisha has potential to establish 500 compressed bio-gas plants, say OMCs

The Union government has launched Sustainable Alternative Towards Affordable Transportation (SATAT) to promote CBG production

Rural distress: WPI inflation eases to 3-month low of 4.64% in November

November was the fifth month in a row when prices of food items kept declining

Govt will stick to 3.3% fiscal deficit target for FY19: Arun Jaitley

Jaitley also said India will clock a growth rate of 7-8 per cent despite global uncertainties and will retain the tag of the world's fastest growing major economy

PSBs filed over 2,500 FIRs against wilful defaulters till Sept-end: Jaitley

Jaitley said the list of suit-filed defaulters of Rs 10 million and above and the list of suit-filed defaulters of Rs 2.5 million and above are available in public domain

New RBI Governor Shaktikanta Das buys time as worries on autonomy linger

"RBI is clearly trying to let matters cool before making any further decisions on these fronts."

Governance framework of RBI needs further examination: RBI Board

The Board discussed issues related to liquidity and credit delivery to economy

National electronics policy to boost manufacturing almost ready: Prasad

The minister also asked the electronics industry to focus on producing medical devices, defence and automobile items

Govt may impose anti-dumping duty for five years on Chinese chemical

In March 2013, the government had imposed duty of $0.78 per kg on the imports of this chemical from China for five years

Farm loan waivers hit state fisc, shouldn't be part of poll promises: Rajan

Rajan, who was RBI governor for three years till September 2016, is currently teaching at the Chicago Booth School of Business

RBI board meeting underway; issues including ECF, PCA norms to be discussed

In the previous board meeting, held on November 19, the board had decided to constitute a committee of experts to fix the appropriate level of ECF

Piyush Goyal lashes out at central bank ahead of today's board meeting

The tweets could deepen doubts about the central bank's autonomy following the sudden resignation of its chief on Monday

Solar installations see 4% drop in Q3 due to lack of clarity around GST

Large-scale installations during the third quarter of 2018 totalled 1,154 MW compared to 1,244 MW in second quarter 2018 and 2,013 MW in Q3 2017

WPI-based inflation down to 4.64% in Nov from 5.28% the previous month

November food inflation also saw a drop to -1.96% as compared to -0.64% MoM

Nepal govt bans usage of higher denomination Indian currency notes

The decision can affect Nepalese labourers working in India as well as Indian tourists visiting Nepal

Rajan, Gopinath say India at risk if govt abandons macro-economic stability

To achieve macroeconomic stability, the nation needs to maintain low and stable inflation, Rajan and Gopinath prescribed in a report

Reduce weight of govt mandates on PSBs, boost their risk management: Rajan

The government should incentivise all banks to take up activities it thinks desirable, not impose it on a few, said Rajan