Page 2504 - Economy & Policy News

Cargo traffic at major ports rises 5% to 343.26 MT in April-September

Nine ports, including Paradip, Visakhapatnam and Kamarajar, registered positive growth in traffic in April-September

Staff crunch, safety woes haunt railways: 7 killed as train derails in UP

As per the latest data available, the number of accidents and related deaths has come down in the last two years

Captive power units urge PMO to address coal supply issue, seek rate parity

On prices, ICPPA had earlier said that the dry fuel must be supplied by Coal India

Insuring India's nuclear power assets: How much cover is good enough?

While GIC-Re is trying to convince project developers a Rs 15-billion cover is sufficient, a larger pool would place additional burden on govt-run insurers, as private involvement is limited

Relief unlikely for payments firms as RBI may stick to data storage plan

Moving and storing its data only in India would take at least 12-18 months, a source said

Row over jets contract: Rafale deal a quid pro quo, says French media

Mediapart, a French news website, says it has accessed an internal document from Dassault which states that partnering Anil Ambani's defence firm was a quid pro quo to Delhi for winning a €7.8-bn

This Navratri, Railways' IRCTC is offering 'vrat ka khana' in its menu

IRCTC's menu consists of satvik diet like sabudana, sendha namak, kuttu ka atta, and certain vegetables

India's climate change dilemma: Do more while US shrugs off responsibility?

Leading from the front so far, India could be asked to do yet more to fight climate change at its own cost after the dire warnings of the latest IPCC report

ATF excise cut unlikely to give airlines relief, reduce customers' airfares

Govt raised customs duty on ATF last month, which will push up prices in the next revision

Gujarat High Court stays Directorate of Intelligence notices to exporters

Exporters had earlier approached various courts over restrictions imposed for availing advance authorisation licences under the GST regime

Bank credits: Infra, power sectors continue to get lion's share, says RBI

Over the last one year, much of the credit disbursed by banks flowed to the personal loan segment, industries and housing loans

Students, patients left clueless after Medical Council website shut down

Medical Council of India was dissolved on September 26 by a Presidential ordinance

Nirav Modi declared absconder for evading duty on imports of diamonds

The DRI alleged that duty-free diamonds and pearls imported by these companies were secretly sold in local markets

Tamil Nadu wants to be global SaaS hub, eyes Rs 150-bn IT, ITeS investments

Tamil Nadu's SaaS sector is generating a revenue of over a billion dollars and employing over 10,000 people at present

Railway finances to take Rs 20.44-bn hit as govt clears bonus for employees

At close to 98%, the Railways' operating ratio is also expected to be the worst ever this financial year

Missed opportunity: Exporters fail to reap benefits of a weaker rupee

Continuously falling for the past six months, the longest such stretch since 2002, the currency ended at 74.28 to the US dollar on Wednesday

Govt to soon come out with cargo policy for sustainable growth of aviation

India is one of the fastest growing aviation markets in the world and has been registering double-digit growth for nearly four years

Government cuts excise duty on aviation turbine fuel to 11% from 14%

A notification issued by the Revenue Department of the Finance Ministry said the duty change would "come into force with effect from the 11th day of October, 2018

'Call set up time' a problem, will seek related data from operators: Trai

Trai will thoroughly analyse it to determine whether average values can be prescribed, or any action taken in case such duration is abnormally long

CCI amends rules on withdrawal, refiling of notices for clearance

With amendments coming into effect, the parties now can offer modifications to the combination even while responding to the show cause notice