Page 2502 - Economy & Policy News

After Cyclone Titli batters Andhra, govt asks Centre for Rs 12-bn relief

CM N Chandrababu Naidu said the cost of damaged properties, crops and infrastructure has tentatively worked out to be Rs 28 bn

FinMin refutes pending GST refunds reports, says it's only Rs 20.77 bn

Finance Ministry clarified that about 92.68% Rs 388.24 bn of the total IGST refund claims (Rs 418.89 bn) transmitted to customs from GSTN as on date have already been disposed of

Govt's oil subsidy bill exceeds Rs 460 billion at end of September

Its 84 per cent higher than the budgeted estimate of Rs 250 billion for the whole financial year

IL&FS crisis impacts JVs with Rajasthan, Jharkhand, Chhattisgarh, Andhra

Two joint ventures under negative rating watch

India will continue to buy Iranian oil 'to some extent' in Nov: S C Garg

India has already placed an order to buy 9 million barrels of Iranian oil next month despite US sanctions against Tehran's oil sector coming into force from November 4

Narendra Modi to meet global and domestic energy majors next week

He will address the India Energy Forum by CERAWeek, to be held in New Delhi from Sunday to Tuesday

Banks under PCA witnessing a turnaround, says RBI's Viral Acharya

There are 11 public sector banks and one private sector bank, Dhanlaxmi Bank, undergoing PCA, which they came under between February 2014 and January 2018

Industrial production loses steam, growth at 3-month low of 4.3 % in Aug

Manufacturing -- the largest segment in IIP -- moderated to 4.6%, down from the 6.9% rise in July

September retail price inflation inches up, stays below RBI's 4% target

Economists say oil prices, exchange rate may lead to rate hike in December review

FIEO's claims inaccurate, Rs 711-bn GST refunds cleared till date: FinMin

FIEO had earlier this week said Rs 220 billion GST refunds are pending with the government, which is creating liquidity problems for exporters

Delhi govt issues show cause notices to 51,500 tax defaulters

The department said that the action was taken to control tax evasion, to achieve revenue targets and ensure compliance of the provisions of GST laws

Mega-trade deal: RCEP ministers to meet on October 13 in Singapore

Minister of State for Commere and Industry C R Chaudhary and senior officials from the ministry will attend the meet, the official said

Fuel price rise: PM Modi holds review meeting with Jaitley, Pradhan

The meeting assumes significance as the US sanction against Iran kicks-in on November 4

30,000 realty projects, 25,000 agents under RERA Act: Hardeep Singh

Six north eastern states and west Bengal were yet to issue the notification of rules under RERA, says Hardeep Singh Puri

NITI Aayog ties-up with Microsoft to boost AI technology in several sectors

Microsoft will also accelerate the use of AI for the development and adoption of local language computing, in addition to building capacity for AI among the workforce through education

CPI remains benign at 3.77% in Sept; Aug IIP at better-than-expected 4.3%

Slight pick up in CPI driven by higher food and fuel prices and a depreciating rupee

No free trade agreements undercutting India's exports to China: Study

India has continued a sustained rise in the share of imported inputs even among its overall exports

SCO members must cooperate to counter terrorism globally: Sushma Swaraj

India has opposed the CPEC projects and protested to China as it is being laid through Pakistan-occupied Kashmir

Telecom industry feeling heat of duty hike, import costs to rise 10%: COAI

Admitting that latest move would lead to 10 per cent increase in import cost for operators, Mathews said industry may 'adjust' some of the planned roll out

India buying Iran oil, Russian S-400 'not helpful', reviewing carefully: US

Oil Minister Dharmendra Pradhan on Monday said that two state refiners have placed orders for importing crude oil from Iran in November