Page 2458 - Economy & Policy News

Airfares soar, Railways cash in with more coaches to attract flyers

On Friday (November 16) evening, several travel portals showed a sharp rise in spot airfares

Maersk, DP World face probe for antitrust behaviour at Mumbai port: Sources

The dispute centres around so-called inter-terminal transfers

SECI to consider lone bid for solar tender linked with manufacturing

Major players shied away from the bidding citing lack of funding push from the Centre, thereby reducing viability of solar manufacturing in India

Rabi sowing in Gujarat likely to fall by half; crop production 60% lower

So far, as against a total of 850,000 hectares of total rabi sowing last year, the same has been at 450,100 hectares till November 12, as per the data available

Y C Deveshwar, Kumar Mangalam Birla hold meeting with Air India management

The two independent directors held an 'informal' meeting with the senior management, said the airline

India, Russia sign $500 mn deal for constructing 2 warships for Indian Navy

They said the agreement for the project was signed between defence PSU Goa Shipyard Ltd (GSL) and Russia's state-run defence major Rosoboronexport

Cleaner fuel may mean 60-mt loss of demand by 2035: CRISIL report

In 2017-18, India's petrol consumption was at 26.2 million tonnes and diesel was 81.1 million tonnes

Why it is just a ceasefire and not the end of the war between RBI and govt

This truce is a defeat for India's central bank

World Bank to lend $310 mn to boost Jharkhand's power transmission infra

The project, part of the central government's 'Power for All' programme launched in 2014, will help bring in modern technology solutions

Despite higher oil prices, small biz sentiment largely intact in Q2: Survey

The fourth Crisidex survey, jointly undertaken by Crisil and Sidbi, said lenders' sentiment has also increased since the last survey

Price cap on drugs, medical devices helped patients save Rs 150 bn: Govt

One million heart patients have saved around Rs 80 bn since the fixation of ceiling prices of coronary stents in Feb 2017

Govt pushing for air freight stations to cut cargo operation cost: Choubey

Air Freight Station is an off-airport common user facility that offers service for handling and temporary storage of import and export cargo

AMRUT scheme: Govt approves Rs 740 bn for over 2,400 sanitation projects

The AMRUT scheme was launched by Prime Minister Narendra Modi in 2015

RBI move to boost bank's lending capacity up to Rs 3 trn, say sources

The RBI agreed to extend a deadline for lenders to further lift capital conservation buffers, by a year to March 31, 2020, at its board meeting on Monday

If ONGC, OIL fields tapped fully, total natural gas output to rise by a 3rd

ONGC, OIL haven't been able to develop the discoveries or bring them to production as the current gas price of USD 3.36 per million MMBtu

CCI seeks public comments on proposed Schneider Electric-L&T deal

CCI said stakeholders have to submit their comments within 15 working days along with supporting documents on how the merger can adversely impact any person or entity

Madhya Pradesh polls 2018: BJP govt blows hot and cold over labour reforms

In 2015, the government amended as many as 15 labour laws. The move was seen as pro-industry. Chouhan also brought in the Jankalyan (Sambal) Yojana, which gave benefits to unorganised labourers

Bihar Cabinet okays 2nd supplementary budget; to be tabled in next session

The cabinet meeting, chaired by Chief Minister Nitish Kumar, approved the second supplementary budget of Rs 104.63 billion for 2018-19

Prez Kovind visits Vietnam, boosts bilateral ties in oil, defence sector

This is Kovind's first visit to South-East Asia and to the ASEAN region as the president

RBI meeting ends with truce on govt demand for transferring surplus funds

In a nine-hour meeting at the RBI headquarters, the central bank's board decided to constitute an expert committee to examine the economic capital framework (ECF) of the central bank