Page 2508 - Economy & Policy News

Indian employees may see a 10% salary hike in 2019, highest in Asia Pacific

The estimated 10 per cent average hike in 2019, is at par with the actual rate of increase in the previous three calendar year in India

Drinking water to economic affairs, key departments work with least staff

Take the Department of Fertilisers: It has 61 people in executive positions to determine how the annual fertiliser subsidy cheque will be divided among companies

Govt will contain crisis to avoid adverse impact: FM Arun Jaitley

The crisis has triggered concerns of liquidity squeeze in the NBFCs and mutual funds

Importers stuck as deals go haywire after sudden and sharp fall in rupee

Metal traders face double whammy of high global prices and a low rupee, leading to a multiple cost-push effect

Rupee-renminbi trade on cards to reduce deficit and strengthen rupee

The trade deficit has widened to more than $80 billion in the first five months of FY19 as the value of the rupee has nosedived

PSB losses to come down to Rs 500 billion in FY19, says CRISIL report

Profits for the entire banking system are expected to start improving from the second half of this fiscal

Private firms can use Aadhaar-based offline verification, says UIDAI CEO

UIDAI CEO Ajay Bhushan said that companies can continue with offline KYC- and quick response (QR) code-based verification

Ahead of monetary policy, RBI steps in with heavy dollar intervention

The rise in yields and the rupee would pose a huge challenge for the six-member monetary policy committee scheduled to announce its rates on Friday

Gross direct tax collection up 16.7% to Rs 5.47 trillion in April-September

With record income tax refunds crossing Rs 1 trn in the April-Sept period, the net collections stood at Rs 4.44 trn, 14 per cent higher than the previous year

Hit by low demand, service sector growth declines to 4-month low in Sept

Growth in the manufacturing sector led to PMI rising to 52.2 in September

Inter-ministerial panel discusses steps to boost exports, manufacturing

Officials from ministries including coal, steel, mines, agriculture, heavy industries, IT and electronics, and chemicals participated in the meeting

What is the reason for sustained fall of rupee and how does it impact CAD?

Who gains, who loses from the rupee tumble?

Suresh Prabhu seeks regular safety compliance report about airlines

The development comes two weeks after the minister ordered a safety audit of all scheduled airlines and airports following an incident involving a Jet Airways flight

ISA receives $9 mn fund approval for 2019-20, finalises 5 new programmes

Indian government and PSUs commit $26 million to ISA

Another sop for Chhattisgarh's farmers, state provides water for Rabi crop

Chief minister Raman Singh made the announcement during his on-going Vikas Yatra

Yogi govt clears six biofuel investment proposals worth Rs 17 billion

These projects include a mega biofuel plant by SunLight Fuels spanning 90 acres in Sitapur, and costing Rs 15.5 bn

NBCC to float tenders to fast-track stalled Amrapali housing projects

The company expects construction work to start from December for the first set of projects comprising over 11,000 apartments

Major relief for common man as fuel prices come down by Rs 2.50 a litre

Jaitley said the move followed Brent crude oil touching a four-year high of $86 a barrel on Wednesday and interest rates in US reaching a seven-year high

Maharashtra swift to heed Centre's call, cuts fuel prices by Rs 2.50/litre

The announcement was made by CM Devendra Fadnavis soon after the central government announced cut in the prices of petrol and diesel by Rs 2.50 per litre

Easing ECB norms for oil firms' $10 bn plan may not stem rupee fall: BofAML

The move announced on Wednesday evening will be partly offset by their reducing short-term forex credit, which it estimated at $15 billion during the fiscal