Page 2438 - Economy & Policy News

Finance Ministry says Q2 growth reasonable; DEA secy calls it disappointing

FinMin said the July-September quarter faced the challenge of higher oil prices, resulting in much higher import bill and the weakening of the rupee

Railways bags 1st land parcel, given up by NRI, in Gujarat for bullet train

The railways is now conducting consent camps in districts where it needs land to convince farmers to give up their land

Data protection Bill needs wide consultation, will fast-track it: Prasad

The draft Bill moots seeking 'explicit consent' for processing 'sensitive personal information' like religious or political beliefs, sexual orientation and biometric details

Thanks to Hockey World Cup 2018, foreign tourists arrivals to Odisha up 50%

Foreign tourists are expected to bring in a minimum revenue of Rs 150 million

Non-food bank credit rose by 13.4% in October, farm loans up too: RBI data

Loans to agriculture and allied activities rose by 8 per cent as compared with an increase of 5.5 per cent in October 2017.

Prince Salman tells PM Modi Saudi Arabia can help meet India's energy needs

The two leaders met at Salman's residence in the Argentinian capital Buenos Aires on the sidelines of the G-20 summit

Slow 7.1% Q2 GDP growth on policy uncertainty, experts disappointed

The rate of economic growth in the same quarter last year had been 6.3%

April-October fiscal deficit crosses full year target at Rs 6.49 trillion

The government has said it was confident of meeting its fiscal deficit target of 3.3% of GDP in FY19

GDP growth slows to 3-quarter low of 7.1% in Q2, still ahead of China

While there was consensus that the economic growth in the second quarter would not be as high as 8.2% recorded in the previous quarter, estimates had varied from 7.2% to 7.6%

Govt plans to set up NBFC with Rs 20 billion to fund food processing firms

The proposal would also be put before the Cabinet for approval

Infra growth slows down to 4.8% in Oct; fertiliser, crude oil decline

Fertiliser production dropped sharply by 11.5 per cent, crude oil by 5 per cent and natural gas by 0.9 per cent

Note ban against corrupt, not elite: NITI V-C on Arvind Subramanian remark

In a soon to be published book, Subramanian has criticised demonetisation as a massive, draconian, monetary shock that accelerated economic slide

Deadline for filing TDS returns for Oct-Dec to January 2019 for GST

According to the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to goods or services suppliers in excess of Rs 2.5 lakh. Also, states levy 1 per ce

Phasing out coal power would benefit Indian consumers, taxpayers: Study

A phase-out could save them billions, but would hit coal owners' profits

Rs 330 bn in IGST pool apportioned between Centre and states in November

This is the sixth time that IGST funds have been divided between the centre and states

India to chair Kimberley Process from January, says Commerce Ministry

KP is a joint initiative of different countries, industry and civil societies to control flow of conflict diamonds

Traders export goods worth Rs 37.5 million at Indo-China border in Nathula

A function was held at Nathula border on Thursday to mark closure of this year's trading season at the international border

End to bank freebies? Get set to pay GST on credit cards, ATM, cheque books

If the banks are charged GST for free services, the customers may have to pay a higher tax for holding a minimum balance account

Tamil Nadu regards M&A property deals as conveyance, imposes stamp duty

State joins many others that already have this provision; move will increase transaction cost of acquisition considerably, say sources

RBI's excess capital can be used to recapitalise banks: Arvind Subramanian

Subramanian adds that RBI is an outlier among major central banks, holding about 28% in capital