Page 2544 - Economy & Policy News

By a 99.3% verdict, India's cash ban was a farce

Finally, on Wednesday, the RBI governor stopped counting - and began his own reckoning

Reverse auction in play as firms bid to supply 21,758 wagons to Railways

In a reverse auction, the sellers compete to obtain business and prices typically decrease as the sellers underbid each other after the lowest price is made public

Will electricity trade usher in a new era of cooperation in South Asia?

The initial focus on a strong bilateral form of power trade has set the pace for future investments in viable interconnections in the region

Ayushman Bharat: How will Bengal's joint implementation with Centre work?

The concluding part of the series analyses the hurdles in West Bengal ahead of the mega health scheme launch

India likely to replace Britain as world's 5th largest economy next yr: FM

Arun Jaitley said India has the potential to be among top three economies of the world in the next 10-20 years

Pet coke import ban is likely to affect aluminium, steel industry

Major aluminium makers Vedanta, Hindalco and Nalco import pet coke to make anodes for use in the smelters for electrolytic process to separate aluminium

States' capex more than Centre's but borrowing limits are the same

The combined expenditure of all states now exceeds that of the Centre

Rupee sinks to all-time low of 70.82 against dollar, plunges 23 paise

The rupee had recorded a steep fall of 49 paise, to close at record low of 70.59 against the dollar in the previous session.

How a fancy diamond helped Nirav Modi in India's biggest bank fraud

The rapid-fire sales were described as part of a plan in which Modi and associates "fraudulently borrowed approximately $4 billion over a period of years

Value of banknotes in circulation increases by 37.7% to Rs 18 bn in FY18

The share of newly introduced Rs 200 in the total value in circulation was 2.1 per cent

RBI urges govt to expedite reforms for twin balance sheet problem

The central bank seemed keen to extend the circular to non-banking financial companies (NBFC) as well

Number of banking outlets in villages drops amid financial inclusion push

These numbers echo what the industry says: Feasibility of operations in rural areas is low

Ombudsman on cards after hike in digital transaction frauds: RBI

The rise in complaints was because of deficiencies in banking services

Household financial savings climb to 7-year high, says RBI report

However, much of this increase was in the form of cash

FSSAI tightening noose around adulterated food to gain consumers' trust

On the cards: Field forces comprising hundreds of personnel, 4 national food labs along with regional offices

Finance Ministry to push S&P for ratings upgrade on Thursday

This comes even as Moody's, which upgraded India's long-term sovereign rating in November last year

Diesel up by 15 paise, petrol up by 13 paise; govt hopes rally is temporary

Diesel prices this week hit their highest level, crossing the previous peak of Rs 69.31 a litre reached on May 29

Almost all of demonetised currency came back; 99.3% returned, says RBI

The total value of SBNs returned to banks is Rs 15.31 trillion, RBI said in its 2017-18 annual report

Panel on direct tax law to submit report in September: FinMin officials

The panel has been given more time by Finance Minister Arun Jaitley

Government hikes spending on postal payments bank to Rs 14.35 billion

The bank, which will be launched by Prime Minister Narendra Modi on September 1, is set to be a star-studded affair