Page 2459 - Economy & Policy News

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

Housing prices may fall as approval for projects likely to become faster

CREDAI said the time taken for approvals of housing projects is expected to come down by at least a year

In Chhattisgarh, officials want voters in poll arena, elephants not so much

Following the movement of elephants and their conflict with humans, polling parties fear visiting the interior areas of the district and so do the villagers

'Quality of bureaucracy' rated as weakest in India's biz milieu: Survey

On the other hand, a year on from its implementation, perceptions of the GST regime have greatly improve

Rs 1.1 trillion lined up for city gas distribution over next 10 years

The investment will come in areas allotted during the ninth round of auctions and 50 areas that will be allotted under the 10th round of bidding