Page 2567 - Economy & Policy News

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

Private shipyards knock on govt door for Rs 50-billion working capital

They also asked the government to set up an empowered shipbuilding division within the shipping ministry to ensure higher utilisation of capacity and liberalisation of tender terms

Govt admits rupee, crude prices will impact current account deficit

Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18

CII plans to launch a new index to judge the quality of fiscal deficit

The index, expected to be readied over next few months, will be finalised after extensive consultation with economists

Finance ministry refuses Rs 300-bn fund-infusion proposal for Air India

Airline told to transfer non-core assets, subsidiaries to special purpose vehicle

India offers the best economic growth potential for Australia: Report

Australian govt will bring out proposals by 2018-end on report batting for more economic linkages

Centre may not accept aid from foreign countries for flood-hit Kerala

Interestingly, PM Modi had thanked his UAE counterpart Sheikh Mohammed bin Rashid Al Maktoum for offering flood relief support to Kerala on August 18

Govt's capital support for PSBs only enough for regulatory norms: Moody's

Stress remains; broader reforms necessary to sustain improvement

India, a rich repository, saw imports of minerals, ores going up in FY17

The persistent rise in imports of some minerals and ores despite the country being a proven repository maybe a bad news for the 'Make in India' campaign

Banks look to artificial intelligence for risk management operations

The AI tools alert department heads of banks of discrepancies in decisions by their staff which flout the RBI or other regulatory norms

How should firms prepare to deal with intra-company services under GST?

Major challenges could be faced by entities that cannot claim input tax credit such as entities engaged in hospital, liquor, electricity supply

With Rs 200-bn floods loss, Kerala to ask Centre to raise borrowing limit

Kerala to approach Centre for a special package of Rs 26 bn

Aadhaar data security: Delhi HC seeks reply from UIDAI and Centre

The bench listed the matter for further hearing on November 19

Fiscal deficit target to be met, minor slippage in CAD likely: Finmin

With regard to fiscal deficit, the FinMin official said the government is committed to meeting the target of 3.3%