Page 2542 - Economy & Policy News
Soon, quoting father's name may not be mandatory in PAN application
At present, providing father's name in the PAN application Forms (Form No.49A and Form No.49AA) is mandatory
 "Soon, quoting father's name may not be mandatory in PAN application")
GDP growth to exceed 7.5% this fiscal year, says DEA Secy Subash Garg
Attributing the good quarterly performance to 13.5 per cent growth in the manufacturing sector, Garg said it signals very good turnaround of the manufacturing
 "GDP growth to exceed 7.5% this fiscal year, says DEA Secy Subash Garg")
More than 52.9 mn ITRs filed by taxpayers as deadline ends today
As filing will go on till the midnight of Aug 31 and few more ITRs are expected from Kerala residents (for whom the deadline has been extended till Sept 15), the figures are expected to rise further
 "More than 52.9 mn ITRs filed by taxpayers as deadline ends today")
Why big players piling into Indian retail may be in for a rude surprise
Anyone betting on dominating retail in India will have to beat Reliance at home. They could be in for an expensive lesson
 "Why big players piling into Indian retail may be in for a rude surprise")
Telecom Commission gives nod for network testing; caps trial to 180 days
The Telecom Commission also decided to ask the telecom regulator to prescribe a framework for testing of fixed-line services
 "Telecom Commission gives nod for network testing; caps trial to 180 days")
Economy to grow at a higher rate in coming quarters, says Niti Aayog
The gross domestic product (GDP) at constant (2011-12) prices in the first quarter of 2018-19 is estimated at Rs 33.74 trillion, as against Rs 31.18 trillion in Q1 of 2017-18
 "Economy to grow at a higher rate in coming quarters, says Niti Aayog")
GDP growth touches 8.2% in Q1FY19; July core sector growth at 6.6%
The growth cemented India's position as the fastest growing major economy, clocking higher expansion rate than China's 6.7% in the same quarter
 "GDP growth touches 8.2% in Q1FY19; July core sector growth at 6.6%")
Capital spending may be cut to prevent breach of fiscal deficit targets
Gross of devolution to the states, both direct and indirect taxes have recorded a modest growth in April-July 2018, with the former likely to be on account of high refunds
 "Capital spending may be cut to prevent breach of fiscal deficit targets")
Rlys unlikely to meet Aug '22 bullet train deadline; seeks a shorter route
A source said that "a more realistic deadline" for the bullet train project could be 2023
 "Rlys unlikely to meet Aug '22 bullet train deadline; seeks a shorter route")
Manufacturing, agriculture propel GDP growth; expect moderation going ahead
The positive feature was a broad-based pattern of growth with the exception of mining. This is a surprise given the strong performance of the coal sector as revealed in the core sector data
Exporters apprehensive of taking orders from Iran due to US sanctions: FIEO
"There is huge exports potential in Iran but we are facing payment problems due to the US sanctions," says FIEO President
 "Exporters apprehensive of taking orders from Iran due to US sanctions: FIEO")
Ahmedabad-Mumbai bullet train to have auto rail track fracture detection
This technology will save hundreds of man-hours required for regular inspection of rail tracks focused on rail crack detection
 "Ahmedabad-Mumbai bullet train to have auto rail track fracture detection")
Banks to remain open in Sept 1st week, ATMs to be fully functional: FinMin
The Ministry said banks will remain open during the week, observing holidays only on Sunday, September 2, and second Saturday, September 8
 "Banks to remain open in Sept 1st week, ATMs to be fully functional: FinMin")
Soon, India to get an app for drug recall notices, safety information
The DCGI believes the app will help improve patient safety by providing critical information online
 "Soon, India to get an app for drug recall notices, safety information")
Crude oil prices may rise further in 2018, remain above $75 a barrel: IEA
This comes at a time when international benchmark Brent crude price was seen at $77.38 a barrel on Thursday
 "Crude oil prices may rise further in 2018, remain above $75 a barrel: IEA")
Rupee slumps to 71-mark first time ever, drops 26 paise against US dollar
Forex dealers said besides robust month-end demand for the American currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering
 "Rupee slumps to 71-mark first time ever, drops 26 paise against US dollar")
Why India's world-beating growth is not enough to end its deep jobs drought
With more than 90% of India's labor force employed in the nation's informal economy, the government has struggled to produce reliable jobs data to even get an accurate read on the level of joblessness
 "Why India's world-beating growth is not enough to end its deep jobs drought")
Demonetisation to bad loans, Urjit Patel navigates choppy waters in 2 years
Urjit Patel also came down heavily on banks hiding their bad debts
 "Demonetisation to bad loans, Urjit Patel navigates choppy waters in 2 years")
Decades of policy, regulation mismatch to haunt insolvency in power sector
The power ministry has identified 66 stressed power projects across coal, gas and hydro, against the finance ministry's list of 34 coal-based stressed projects
 "Decades of policy, regulation mismatch to haunt insolvency in power sector")
Small players point to problems in multi-year motor insurance policy
Some of these companies have apparently quoted the regulator, Insurance Regulatory Development Authority of India (Irdai), supporting their position
 "Small players point to problems in multi-year motor insurance policy")