Page 2572 - Economy & Policy News

Global developments are being monitored closely, says Arun Jaitley

"India's foreign exchange reserves are comfortable by global standards, and sufficient to mitigate any undue volatility in the foreign exchange market", says Jaitely

Custom-hiring, leasing may open new avenues for precision farming in India

Precision farming uses technology to make agriculture more accurate and controlled

Power sector's coal conundrum: How flawed reforms make imports inevitable

India has the world's fifth largest coal reserves at 60.6 billion tonnes, but just one, monopoly supplier: Coal India Ltd (CIL), the world's largest coal-producing company

Navy's next-gen patrol vessels get govt nod; frigates, destroyers to follow

Each NGOPV will displace an estimated 2,500 tonnes, making this class of vessel significantly larger and more potent than current OPVs in the navy and Coast Guard

Funding cloud on Modi govt's solar plan for farmers after FinMin red flag

The Finance Ministry has reportedly asked the Ministry of New and Renewable Energy rework funding plans

Indirect tax base has surged 65% to 11.6 mn since GST roll-out: PM Modi

Experts feel this might prompt govt to cut rates

Note-ban, GST hit household savings rate, decline may challenge growth: Rpt

Since the household sector is the largest contributor to savings, the overall savings rate declined to about 30 per cent in FY17, after remaining well above 32 per cent for many years

Telecom Commission to discuss Trai's proposal on spectrum auction on Aug 31

The source, however, said the latest recommendations of Trai on spectrum auction plan worth Rs 4.9 trillion may not come

Draft policy expects e-comm platforms, search engines to store data locally

The draft wants data generated by users in India from various sources including e-commerce platforms, social media, search engines to be stored exclusively in India

India's biggest trade deficit in more than five years adds to rupee's woes

While a weaker rupee is positive for exports, it poses an inflation risk for a nation that imports more than 80 per cent of its crude-oil needs

Ayushman Bharat to be launched on September 25; to benefit 500 mn citizens

The ambitious Ayushman Bharat-National Health Protection Mission (AB-NHPM) aims to provide a coverage of Rs 500,000 per family annually, benefiting more than 100 million poor families

Pictorial warning must on 85% space of tobacco packets, says Supreme Court

A bench comprising Chief Justice of India Dipak Misra and Justice A M Khanwilkar on Tuesday made "absolute" its earlier interim order by which it had stayed the High Court order

Govt says no concern over rupee, analysts see no benefit for exports

Analysts feel that the continuing fall of the rupee may not help exports

Foreign-bound for travel or studies? Get set to shell out as rupee falls

With the rupee slipping to nearly Rs70 per dollar on Tuesday, most parents with children in the US will feel the pinch

With India's imports exceeding exports, weak rupee does more harm than good

Analysts, however, say that Rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles

Detected in Karnataka, this pest may spread across SE Asia, impact millions

Native to the Americas, fall armyworm has already spread across Africa

Issues of US firms regarding railway clearances, GST will be resolved: Govt

Piyush Goyal directed his officials that a detailed examination of how these companies could meet Indian Railways' requirements at competitive costs be carried out

Govt seeks public comments on draft data protection Bill by Sept 10

A panel headed by Justice B N Srikrishna submitted its recommendations and the draft Bill on data protection to IT Minister Ravi Shankar Prasad a fortnight ago

India may cut 50% of Iran oil imports to secure US waiver for shipments

India continued with Iranian imports even after Trump announced in May that he was withdrawing from the 2015 nuclear deal

Inflation peaking off; August CPI likely to decline below 4%: Report

The next meeting of the MPC is scheduled on October 3-5, 2018