Page 2433 - Economy & Policy News

GST Council, Finance Commission need terms of engagement: N K Singh

There should be clear terms on how the GST Council and the Finance Commission will work together, said N K Singh, chairman of the Fifteenth Finance Commission.

Welspun Enterprises inks pact with NHAI for Rs 20-bn project in Tamil Nadu

WSNRPL will develop the project at a Bid Project Cost of Rs 20.04 billion

Monetary policy review: RBI may keep policy rates unchanged on December 5

Here are the few factors that the six-member monetary policy committee would be examining carefully before taking a policy call.

Rich countries eroding confidence in the Paris Agreement: India and China

Along with other members of the LMDC group, they demand detailed rules on climate finance flows

Crisil cuts India's growth forecast to 7.4% on weakening global growth

India's export, which saw a revival in early part of 2018, could likely see a slower growth

Manufacturing PMI jumps to 11-month high of 54 in November on strong demand

The expansion in total new orders was supported by greater sales to international markets

94% of GST refund claims of Rs 972.02 billion settled, says Centre

The remaining claims amounting to Rs. 24.73 billion are held up on account of various deficiencies

Yogi govt to launch exclusive 'UP Khadi' outlets across state, target youth

UP has signed MoUs totalling Rs 300 bn with companies in the Khadi sector

Half of direct tax collections netted; high growth clocked post DeMo: CBDT

The report added that the net direct tax collections grew by 18% in 2017-18, at Rs 10.03 trillion

Revenue Secretary AB Pandey says excise duty hike on crude needs 'analysis'

the government has already fiscal deficit target by October at 103.9 per cent and many analysts have warned of fiscal slippages beyond the committed 3.3 per cent

Govt allows export of gold idols of up to 24 carats with certain conditions

Exporters would also have to make clear distinction between a religious idol and simply moulded gold article/idol

Govt to mop up Rs 90 bn by selling off land, realty assets of Air India

Air India had in September invited bids to sell its properties located across India

CAD may rise to 3% of GDP Sept qtr on high crude prices, gold imports: Icra

Icra expects the current account deficit to widen sharply to $19-21 billion

BJP, Cong leaders spar over back series GDP data as election nears

The figures showed growth in the 10 years of Congress rule to 2014 averaged 6.7 per cent, below an average of 7.4 per cent under the current government

Govt has received 'substantial' interest for Pawan Hans: Disinvestment Secy

Secretary Atanu Chakraborty denied that Air India's disinvestment plans were put on the back burner saying the process is a continuing exercise

Australia varsity to invest AUD 5 mn to help Indian farmers double income

Australia's WSU has forged a partnership with the Indian Council of Agricultural Research (ICAR) and thirteen state agricultural universities as part of a new initiative

More power to law: Govt mulling statutory backing for look-out circular

A look-out circular ceases to exist once an accused wanted for financial crimes is granted bail

Oil remains India's worry as rupee, bonds weaken on surge in prices

The rupee was the only emerging-market Asian currency that weakened Monday as Brent prices rallied 6.2 per cent to $62.4 per barrel

Arun Jaitley calls for open borders to dismantle barriers to free trade

The comments come amid growing concerns over tariff wars across the world, especially after the US initiated a slew of actions against select goods to address its trade balance with select countries

Moody's estimates GDP to grow at 7.4% in FY2019-20, outlook on banks stable

Moody's also noted that capitalisation at public sector banks will remain weak but government support will provide relief