Page 2566 - Economy & Policy News

Odisha govt performs groundbreaking ceremony for projects worth Rs 29.01 bn

Topping the list of investors is the cement manufacturer, OCL India Ltd, which has committed an investment of Rs 19.94 billion, promising employment for 365 people

Assam to Bangladesh in Rs 650: Modi govt's new international flight plan

UDAN International puts the onus on state govts to draw up a list of international destinations to be connected to their cities

GDP could grow at 7.7% in Q1, take a hit on weak farm growth: SBI

The CLI is signalling that the economic activity for Q1FY19 has picked up substantially, said the SBI Ecowrap report

Washington outlines agenda for 2 + 2 meeting with India for the first time

Since 2016, when India was officially recognised in US law as a 'major defence partner', Washington has purposefully upgraded the defence relationship

Kerala flood hits spice market as shortage in supply pushes up prices

At Delhi's markets, cardamom, pepper selling at double their recent rates

MP plays safe with safeguard duty for solar tender, revises conditions

With the safeguard duty recommended on July 16, the state had to push its bid submission date from July 19 to August 23.

Despite monetary cap of Rs 2 mn, taxmen can still file appeal in all cases

Despite the raised monetary limit for filing tax appeals in place, taxmen, according to a report, still have the option to pursue any case

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