Page 2506 - Economy & Policy News

Air India awaits Rs 5-bn loan, extends deadline for submission of bids

The initial deadline for submission of bids was October 10

Act against GST evaders irrespective of jurisdiction: CBIC to tax officials

The CBIC's move to step up enforcement actions will help in expediting enforcement action against erring taxpayers and also increase collection by plugging leakages

Amid high global prices, India to export raw sugar for first time in 3 yrs

More Indian exports could weigh on global prices and trim the market share of rivals Brazil and Thailand, the world's top two sugar suppliers

Why high MSPs are likely to have a low impact on farmers' pockets

The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes

PSU bank mergers: BoB, Vijaya, Dena send proposal to govt for approval

The merger of the three banks would be through share swap

Sebi allows foreign entities to hedge commodity exposure via derivatives

Currently, foreign entities are not permitted to directly participate in the Indian commodity derivatives market, even if they import/export various commodities from/to India

Gadkari flags land acquisition woes in UP road projects, Yogi assures a fix

Highway projects totalling Rs 1 trillion are underway in UP

Russian sovereign fund keen to invest in India, provide breakthrough tech

On October 5, the RDIF, Russia's PhosAgro and Indian Potash Ltd inked a pact for investments in production of mineral fertilisers in both countries

Excise cut on fuel credit negative, fiscal deficit may go up 0.1%: Moody's

Moody's said even as the government so far has been committed to market-based pricing, going ahead there are risks to going back on deregulation

Govt imposes 5-yr anti-dumping duty on Vietnamese, EU nylon filament yarn

Imposition of duty aims at guarding domestic manufacturers of this yarn from cheap imports coming from EU and Vietnam

Paswan wants FMCG firms to 'voluntarily' label products in local languages

Asserting that the consumer protection is priority of the government, he called upon the industry to work alongside his ministry in the interest of consumers

OPIC keen to invest in infra development in India's port, solar sectors: US

OPIC is a self-sustaining US government agency that helps American businesses invest in emerging markets

India Post payments bank gets 77,000 customers in Goa, Maharashtra

The Post department serves 4 million customers and operates around 150,000 branches across the country with a workforce of 300,000 postmen

Govt denies media reports that OMCs might skip dividend payment this year

Economic affairs secretary S C Garg wrote on Twitter that such reports were fabricated

How India's overseas workers may save it from Argentina-like crisis

India received $69 billion in overseas remittances last year, equivalent to almost 3 percent of GDP, Capital Economics said

Oil cos ask govt for additional Rs 120 bn subsidy for LPG, kerosene: Report

According to reports, the Finance Ministry will access oil companies' need for additional subsidy

Bad omen for the economy: Demand in India is cooling, shows RBI survey

The inflation-targeting RBI left the repurchase rate unchanged at 6.5 per cent on Friday

Response to trade war takes centre stage as govt mulls fresh import curbs

Items being considered include metals, minerals and more electronic finished goods

Provincial Insolvency Act needs to be repealed for the bankruptcy rules

Bankruptcy rules include those for corporate guarantors, proprietorship firms and individual insolvency

IMF retains economic growth projection for India at 7.3% for FY19

Echoes RBI on exchange rate intervention, but differs on rate tightening