Page 2557 - Economy & Policy News

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

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

Demonetisation to bad loans, Urjit Patel navigates choppy waters in 2 years

Urjit Patel also came down heavily on banks hiding their bad debts

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

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

Aviation ministry seeks sops from FinMin to boost distressed sector

Asks for tax cut on jet fuel, credit on GST, and green light to airlines for ECBs

Ravi Shankar Prasad calls on US tech firms to invest in 'improved' India

Minister skips Facebook, WhatsApp offices during four-day trip to Silicon Valley

Kerala floods: Businesses may have to return GST credit on destroyed goods

Businesses may not only have to surrender the availed of credit but also pay penalty interest on the amount

Slow work, hefty right-of-way fee hurdles for data revolution in India

Telecom firms might have to cough up Rs 100-150 billion as RoW fee only for fiberising existing towers in urban India

Home, personal loans drive household debt to 4% of GNDI, highest in 7 yrs

Growth in credit card outstanding has been the fastest compared to other personal loan segments

Kerala reconstruction, rehabilitation: State seeks FRBM limit relaxation

Rehabilitation process of the floods, that claimed close to 350 lives, has gathered momentum

NDMC eases norms to spice up auction process of the iconic Taj Mansingh

The NDMC has also relaxed the minimum average turnover criterion for bidders

FinMin pitches for a rating upgrade from S&P; cites macro fundamentals

International rating agencies have been raising a red flag over the high debt-to-GDP ratio of India

Mines ministry's ultimatum to states: Explore lapsing blocks by December

Of 288 blocks expiring by March 2020, 59 are operative

India pitches for rating upgrade with S&P, cites macro stability

Rising oil prices, their impact on govt finances and increasing GST collections figured in discussions between FinMin officials and representatives of the global credit ratings firm

Amid green shoots, economy to grow 7.6% in Q1 on low-base effect: Report

The major push to growth is likely to come from the manufacturing and the services sectors, says the HDFC Bank research report

Mines ministry urges DMF funds audit; only Chhattisgarh completes process

The Union mines secretary has proposed a study on effective utilisation of funds under PMKKKY guidelines by an independent agency to help improve the functioning of DMFs

Import restriction on peas to stay as Madras HC upholds DGFT notification

Madras HC upheld the DGFT notification dated April 25 imposing a restriction on peas import till September 30, 2018

Link airfares to inflation instead of dynamic pricing: Parl panel to govt

Some members of the panel also suggested capping the ticket prices

India likely to overtake UK to become 5th largest economy by next year: FM

FM Jaitley exuded confidence that India would be among the top three global economies in the next 10-20 years