Page 2509 - Economy & Policy News

Rupee plummets to an all-time low of 73.80, RBI could opt for a 50 bps hike

Rising global oil prices, they climbed 2 per cent on Wednesday to hit a four-year-high, are bad news for importing nations like India

Russia, Saudi pump an extra 1 mn barrels of oil per day, market unmoved

Russia is pumping record volumes of crude and Saudi Arabia is almost there too

Final decision on Air India support package in 10 days: Aviation official

Relief package for other airlines still under discussion

Rupee not breaking, it is broken, says Rahul, as currency slips to 73.77

Gandhi on Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee

Gross direct tax collections in Apr-Sep FY19 up 17% YoY to Rs 5.47 trillion

Net direct tax collections in April-September 2018 were 38.6 per cent of the total Budget Estimates for direct taxes during full 2018-19

India's service activity slows in Sept, Purchasing Managers' Index at 50.9

The service sector continued to expand during September, but at a marginal rate amid reports of underwhelming market demand, the report said

Govt amends Kerala Fishermen Debt Relief Commission Act to help fishermen

The amendment will expand the ambit of relief to include those fishing workers who suffered losses in natural calamities

How a financial squeeze on farmers poses a challenge for PM Modi in 2019

Indian farmers voted overwhelmingly for Modi in 2014. But a fall in rural incomes risks damaging that support next year

As rupee breaches 73 level, RBI allows OMCs to raise dollar from abroad

However, the announcement came after the market closure, after the rupee witnessed a sharp decline on news that the central bank had refused to open a dollar-swap facility for the OMCs

Macro headwinds continue to roil markets as rupee plunges to new low

Sensex drops most in six months; rupee breaches 73-mark; Brent crude tops $85/barrel

What will it take for UP to climb out of decades-old governance quagmire?

If the state has to catch up with rest of the country, major reforms and political stability will be needed

Bad news for Indian economy: Fresh private investments plunge 64% in Q2

Shrinking private investment is not good news for the economy, which is in a recovery mode

CEO Masayoshi Son offers free power from Softbank's solar plants in India

SoftBank aims to invest $1 trillion by 2030 in the Indian renewable energy sector

A day after farmers march to Delhi, MSP for major rabi crops raised by 5-6%

For many crops, the MSP increase is lower than the rise in production cost

New IL&FS board to meet on Thursday, discuss issues plaguing group

The board is likely to examine the balance sheet of the company, particularly its claim of Rs 1.15 trn worth of assets

Govt mulls one-time fund infusion into stalled road projects of IL&FS

The infrastructure construction and finance company is also grappling with arbitration claims worth around Rs 70 bn with the NHAI, which are under various stages of resolution

To counter widening CAD, govt focuses on computer services, tech export

Monday's meet on boosting exports also called for slashing imports

Prabhu to chair inter-ministerial meet on rupee, trade deficit today

Representatives from the department of economic affairs, coal ministry, steel ministry, oil ministry and department of pharmaceuticals are expected to attend the meeting

Piqued by India's dominance, ISA members seek clarity on use of funds

A government source said that some member countries are worried India would interfere in the group's functioning as the ISA Secretariat is based in the country

Indian start-ups see huge inflows from Xiaomi, Shunwei Capital

Chinese investors find Indian start-ups attractive because of fair valuation, higher prospects of gain