Page 2532 - Economy & Policy News
Govt gets Delhi High Court notice on GST tweaks in import licence
Importers have moved court against changes in the criteria for availing of the advance authorisation licence, which, they say, has led to the DRI issuing notices to them
 "Govt gets Delhi High Court notice on GST tweaks in import licence")
SBI's plans to raise dollar funds through green bonds' issue put on hold
Keeping in view the uncertainty and higher costs of the fund, the bank has decided not to go ahead with the plan for the time being, says a senior executive with the global lender
 "SBI's plans to raise dollar funds through green bonds' issue put on hold")
Foreign automakers struggle on commercial vehicle route: Here's why
90 per cent of the medium and heavy commercial vehicle (M&HCV) market is dominated by domestic players
 "Foreign automakers struggle on commercial vehicle route: Here's why")
DoT meet to finalise in-flight connectivity rules to take place today
The source adds DoT wishes to notify the rules by next month and call for applications from in-flight providers by end-October or early November
 "DoT meet to finalise in-flight connectivity rules to take place today")
Rate reduction benefits mean just that: Anti-profiteering authority
The authority says reversing transaction using a credit note did not absolve the distributor of consequences resulting from issuing tax invoices wherein anti-profiteering provisions were violated
 "Rate reduction benefits mean just that: Anti-profiteering authority")
India joins elite club as Tejas completes key mid-air refuelling trial
The mid-air refuelling of Tejas came three months after it successfully fired an air-to-air beyond visual range missile
 "India joins elite club as Tejas completes key mid-air refuelling trial")
Govt may tap overseas Indians to plug CAD gap, says FinMin official
The RBI is intervening in the market when needed, says the official
 "Govt may tap overseas Indians to plug CAD gap, says FinMin official")
Kerala floods: Cochin airport files insurance claims worth Rs 3.4 bn
A senior executive of NIA confirmed the development and said that the insurance company is assessing damage to the airport's assets
 "Kerala floods: Cochin airport files insurance claims worth Rs 3.4 bn")
Suppliers to pay penalty for not passing GST rate cut benefits: NAA
The NAA gave its ruling in a case against Jaipur-based Sharma Trading Company
 "Suppliers to pay penalty for not passing GST rate cut benefits: NAA")
FDI in mining trickles to $36 mn in FY18, from a peak of $659 mn in FY15
Limited focus by govt on exploration of minerals, with tax rates as high as 64%, which is among world's highest, have led to a fall in FDI inflow in the sector
 "FDI in mining trickles to $36 mn in FY18, from a peak of $659 mn in FY15")
Govt rules out cut in excise duty on fuel price amid nationwide protests
Normal life was disrupted in Mumbai, Bengaluru and Kolkata, while it remained normal in Delhi, Chennai and Hyderabad
 "Govt rules out cut in excise duty on fuel price amid nationwide protests")
India becomes latest epicenter of nervousness sweeping emerging markets
Rupee down as much as 1.3%, most across emerging Asia
 "India becomes latest epicenter of nervousness sweeping emerging markets")
Mobike pedals out of Bhubaneswar public bicycle sharing project
Blow to Odisha govt's plan to launch public bicycle-sharing system ahead of World Cup Hockey event
 "Mobike pedals out of Bhubaneswar public bicycle sharing project")
Yogi government to invest Rs 1.56 billion to revive six distilleries
These distilleries owned by the UP cooperative sugar mills federation had been temporarily shut following the CPCB order over non-compliance of environmental norms
 "Yogi government to invest Rs 1.56 billion to revive six distilleries")
Centre in a fix over amending British-era industrial labour law reform
Pressure from the labour unions had forced the Centre to dilute several proposals in the draft Industrial Relations Bill 2015
 "Centre in a fix over amending British-era industrial labour law reform")
NMDC eyes 67 MTPA iron ore output by 2021-22, HR coil rollout by FY19 end
Company's Australian arm applies for allocation of tenements for tungsten in Western Australia
 "NMDC eyes 67 MTPA iron ore output by 2021-22, HR coil rollout by FY19 end")
Oil price to dent India's GDP growth in second-half of this fiscal: UBS
The global financial services major expects real GDP growth to slow to 7-7.3% in the second half of this fiscal from 8.2% in June 2018 quarter
 "Oil price to dent India's GDP growth in second-half of this fiscal: UBS")
Tamil Nadu unveils new ICT Policy with focus on start-ups, Green IT
State govt is setting up ELCOSEZ, an IT and ITeS Special Economic Zone in Chennai, Coimbatore, Madurai, Tiruchy, Salem, Tirunelveli and Hosur to attract investments
 "Tamil Nadu unveils new ICT Policy with focus on start-ups, Green IT")
EB-5 visa may double by January 2019; 10,000 are up for grabs every year
The visa promises foreign citizens a faster route to permanent residency in the US; 10,000 are up for grabs every year
 "EB-5 visa may double by January 2019; 10,000 are up for grabs every year")
