Page 2558 - Economy & Policy News

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

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

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

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

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

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

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

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

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

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