Page 2573 - Economy & Policy News

Govt's plan to revive hydropower projects in limbo due to lack of funds

Last year, the Centre drafted Rs 160 billion package to revive projects with a capacity of nearly 11,000 Mw

Silicon Valley's unicorn elite create wealth like never before

The rise of unicorns-the once-rare class of private companies valued at more than $1 billion-means their founders have huge stakes worth astonishing amounts

With 350 stalled projects, UP adopts land pooling due to acquisition woes

Land pooling refers to amassing small land parcels for infra development and returning approximately 60% of the redeveloped land to the original owners

Govt proposes new financial model for building greenfield airports

Under the new financial model, the concession fee given by the airport operator to the concessioning authority will be based on a "per passenger aeronautical model"

Trade deficit widens to 5-yr high in July; exports grow by 14.3%

The trade deficit increased to $18.02 billion in July, up from $16.61 billion in June

High raw material costs take the sheen off stainless steel industry

High raw material costs prove a major hindrance in producers' efforts to increase per capita use

Indian economy expected to expand at 7.4% in FY 19: Ficci survey

"The projection is in line with the estimates put out by the Reserve Bank earlier this month," it said

July trade deficit widens to over 5-yr high of $18.02 bn due to oil imports

The trade deficit widened as oil imports surged 57.41% to $12.35 bn

Railways to introduce 1 Antyodaya, 2 Uday, 2 Tejas Express trains in a year

Two new Uday Express trains - the AC chair car double decker trains - have also been included in the time table.

A company offering services to branches in other locations will attract GST

Although the tax could be claimed as an input credit by the location receiving the service, it might increase the compliance burden for companies

Ateli-Phulera section of Western freight corridor to start ops on Aug 15

DFCCIL will run freight train at the maximum speed of 100 km per hour (kmph) as against the current maximum speed of 75 kmph

East, West freight corridors likely to be commissioned by March 2020

The Dedicated Freight Corridor Corporation of India (DFCCIL) has already placed contracts worth Rs 510 billion, while only about Rs 30 billion worth of signalling contracts are only pending now

WPI inflation eases to 5.09% in July after hitting 4-year high in June

The rate of inflation had risen 1.88 per cent during the corresponding month in 2017

Turkish Lira-led rout complicates RBI's inflation-targetting job in India

A selloff in Turkey's lira spread to other emerging market currencies, with the rupee losing the most since September 2013

Rupee crashes to all-time low of 69.92 against dollar on Turkish Lira shock

The fall in the broader market was sharper, with two stocks declining for every one advancing on the BSE

Lok Sabha polls on mind, Modi govt readies comprehensive package for MSMEs

Steps could change sentiments of small traders, say officials

Stage set for Ayushman Bharat's soft launch on I-Day, six states on board

Scheme's name might change to Prajaa; govt wants to avoid GST-like tech issues

India's retail inflation drops to a nine-month low of 4.2% in July

Inflation moved closer to RBI's target of bringing it down to four per cent, raising hopes that MPC may not hike the policy rate for 3rd consecutive time in October

Ethanol units plan to start operations in Oct following govt relaxation

To add 250 mn litres of new capacity to the existing 2,750 million litres

Troubled power corps irked over govt's move to export 300 Mw to Bangladesh

NTPC-DVC combine has been given approval to supply power to the neighbouring country