Page 2553 - Economy & Policy News

Govt may soon impose IGST on ex-factory sales; decision in September

The issue of double taxation was raised after an order by the Authority for Advance Rulings, Uttarakhand, which ruled that the importer will have to pay the IGST on CIF value and also on ocean freight

Digital-first economy? Bank transactions via cheques hit all-time low

Data from RBI shows that value of transactions via cheques as a proportion to the total number of transactions has come down to 3%

Fuelled by steel production, coking coal imports may climb to 58 mt by 2023

The domestic supply of coking coal is expected to be tepid despite a CAGR projection of 9.5 per cent in the comparable period

Deluge caused by floods may cut Kerala's economy by 100 bps: Report

The rain-battered state's GDP is expected to fall to 6.5-7 per cent from the budgeted 7.6 per cent this fiscal year

MeitY to allow repeat transactions on BHIM to be eligible for cashback

In the earlier BHIM cashback scheme, merchants were eligible for cashback of up to Rs 1,000 in a month for 20 unique transactions

All you need to know about NABARD's 'agriculture household' survey

This survey also shows how things have moved forward since the last large-scale sample survey conducted by NSSO in 2012-13

Domestic manufacturing of mobile handset saved India Rs 3 trillion: Study

The research projects that in 2018-19, mobile handset manufacturing is expected to create a value of Rs. 1.65 trillion from 290 million units

Make In Odisha 2.0: State eyes tie-ups with TCS, Reliance Jio, Cisco

In the maiden Make In Odisha campaign held in 2016, IT and electronics system design and manufacturing had attracted Rs 15 billion in investments.

UP govt, IIT Kanpur join hands for Bundelkhand Defence Corridor centre

Bundelkhand Defence Corridor spans six districts --- Agra, Aligarh, Lucknow, Kanpur, Jhansi and Chitrakoot

Finmin asks PSU bank CEOs to check frauds in NPAs or face penal action

Indian banks are facing mounting non-performing assets (NPAs) or bad loans, especially at PSBs, which have reached over Rs 8 trillion

NTPC underpass to go operational on Oct 2 after two years delay: officials

The project was reportedly scheduled to be completed in 2016 itself but initial hiccups due to tendering processes and logistical support caused the delay

Govt imposes restrictions on import of bio-fuels, including ethyl alchohol

Export of rare earth compounds classified as beach sand minerals, permitted anywhere in the export policy, will now be regulated

Rajasthan rarely returns incumbent govts to power; can Raje buck the trend?

As she prepares for the Assembly polls, Raje faces not just a 25-year trend of the state throwing out the incumbent govt but also a galvanised Congress and significant anger at her govt's performance

To boost passenger safety, railways to induct 4410 LHB coaches in 2018-19

LHB design coaches are lighter in weight, have higher carrying capacity, speed potential and better safety features as compared to ICF coaches

Credit Bureaus may soon be allowed access to data from utility providers

The RBI has indicated that amendment to the relevant statute is on cards for facilitating access of credit bureaus

Davos 2018: Amid global distress, PM Modi hardsells India for investment

He also enumerated the three biggest challenges before the world -- climate change, terrorism and self centrism being practised by countries.

FIBAC 2018: No change in inter-creditor agreement, says Sashakt panel chief

There will not be any change in ICA document. IBA will issue operational guidelines, says Sunil Mehta

Global alliance to create 50 mn jobs, 10 mn entrepreneurs in India by 2030

The coalition, called Global Alliance Mass Entrepreneurship (GAME), has received initial funding commitment of Rs 1 billion over three years

Govt in favour, railways won't roll back dynamic pricing for premium trains

A parliamentary panel report had also criticised the government for charging more than the aviation sector in premium trains, without improving service

Why the rupee's depreciation cannot help boost India's exports by itself

For one, part of the gains stemming from the rupee's recent decline are offset by similar declines in currencies of other exporting countries