Page 2545 - Economy & Policy News

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

522,783 counterfeit notes detected in FY18 of which 63.9% detected by banks

In the new series of Rs 500 and Rs 2000 notes, fakes detected during 2017-18 were 9,892 and 17,929 as against 199 and 638, respectively during the previous year

RBI's transfer of surplus to Centre rises by 63.08% to Rs 500 bn in FY18

The central bank transfers the surplus generated from its functions to the government at the end of each financial year

RBI's agenda: To add more gold in foreign currency reserves in 2018-19

The RBI had started adding gold to its foreign currency reserves in smaller amount

Rajasthan agricultural traders plan 5-day strike from Saturday

In Rajasthan, the trade agents are paid 2 per cent margin for commodities they handle

High-level panel to take a call on future of stressed power projects: Secy

The court, however, asked the Centre to talk to the central bank to get some relief for the petitioners using the provisions of the RBI Act within 15 days

Karnataka's small, medium miners plan to float pellets and steel company

While welcoming the miners' decision, the Federation of Indian Mineral Industries (FIMI) South said that this value addition will be good for the industry

Brace up for more fake note discovery despite new bills: Study

Banks received Rs 15.31 trillion, or 99.3 per cent, of the Rs 15.41 trillion worth Rs 500 and Rs 1,000 notes in circulation on November 8, 2016, when the note ban was announced, it said

Demonetisation achieved its objectives quite substantially: FinMin

According to the RBI's annual report released today, as much as 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system

Government mulls action against India heads of social media on fake news

The top officials of different ministries and departments deliberated the issue in the wake of reports of many incidents of lynching, communal tension and abuse following circulation of fake news

Falling rupee not alarming, India in period of stability: Finance Ministry

India has inflation in control 'which gives us some space to allow this process to happen', says Sanjeev Sanyal

Air India disinvestment won't happen in near future: Civil aviation secy

The proposed strategic stake sale of debt-laden Air India failed to take off in May and the government is now working on ways to revive the fortunes of the airline

Investment intents fall 27.8% to Rs 1.33 trillion in April-June

Gujarat continues to be the top state in drawing investments followed by Rajasthan and Punjab

GDP may accelerate to 7.4% this year as industries, monsoon pick up: RBI

Current Account Deficit would largely be financed by foreign direct investment

India most preferred for FDI as domestic consumption remains robust: RBI

India received $ 37.3 billion capital inflow in 2017-18 as compared to $ 36.3 billion in the previous fiscal

Disclose action taken against loan defaulters over Rs 500 mn: CIC to FinMin

The defaulters above Rs 500 mn were given high concessions in the name of one time settlements and their names are hidden from exposure to secure their reputation

Rahul making truth a victim, harming national security: Jaitley on Rafale

He said the government has maintained complete transparency in the matter