Page 2580 - Economy & Policy News

A message for China? US paves way for high-tech product sales to India

The notification relaxes America's export control norms with regard to India, befitting India's status as a 'Major Defence Partner'

Delhi replaces Gujarat to top 'most investor-friendly' destination list

"Compared to 2017, Delhi jumps one spot to lead N-SIPI 2018, Gujarat ranks at the third position," NCAER said in a statement

US' export to India increases, bilateral trade deficit in services down 43%

India's export to the US in goods increased by 13% from $23.6 billion in 2017 to $26.8 billion

Govt achieves target of 50-mn free LPG connections 8-months before schedule

Under the scheme, the government provides a subsidy of Rs 1,600 to state-owned fuel retailers for every free LPG gas connection that they install in poor rural households

Govt to move HC against tribunal order on RIL gas dispute: Pradhan

Verdict went in favour of RIL even after a report by US-based DeGolyer and MacNaughton said 11.122 bn cubic metres of gas had migrated from ONGC's area to RIL's block between April 2009 and March 2015

India should aim for net zero imports of telecom equipment by 2022: Trai

According to data shared by Trai, the export of telecom instrument stood at $1,201.7 million

IGST cut: Why industry's pitch for import duty hike may be misplaced

Importers pay Integrated GST (IGST) on top of customs duty at the time of importing goods

Use Rupay card, BHIM? You may get cashbacks for digital payments under GST

The incentives will be extended to all card-holders at a later date based on the success of this move, said Sushil Modi

Rs 110 bn cane arrears: UP sugar mills knock at Yogi's door for bailout

Renew demand for Rs 40/quintal incentive relating to previous crushing season, when mills had paid highest cane price of Rs 315/quintal under SAP mechanism

NHAI signs pact with SBI for largest unsecured loan at lowest interest

The Rs 250 bn long-term loan is also the largest sanctioned by SBI at one stroke to any entity

Services sector grows fastest since October 2016 to 54.2 in July: PMI

Price pressures, among other factors, to keep central bank on toes

Haryana to implement 7th Pay Commission in colleges: The revised salaries

The move will put an additional burden of Rs 2.3 billion annually on the state exchequer

Chhattisgarh includes third gender in its ambitious free mobile scheme

Under the scheme, the state government aims to distribute 5 million smartphones for free

India should aim for 'net zero imports' of telecom equipment by 2022: Trai

Trai has also favoured creation of a Telecom Research and Development Fund with initial corpus of Rs 10 billion

Swachh Bharat Mission-Gramin to help avert over 300,000 deaths by '19: WHO

The study, which was released at the 'Dissemination Workshop', found evidence of improvement in drinking water supply, sanitation services and personal hygiene

State drug controllers get power to issue NOCs for drugs meant for export

To promote ease of doing business, the DCGI has discontinued the earlier practice of such NoCs being granted by the Central Drugs Standard Control Organisation

CCI seeks DIPP views on discount norms for e-commerce marketplace with FDI

As per the current guidelines, domestic e-commerce marketplace platforms having FDI can not directly or indirectly influence the prices

CBI examining govt reference to probe Cambridge Analytica data scandal

The move comes after Minister Ravi Shankar Prasad recently informed Parliament that the government had referred the scandal to the CBI

Passengers will have to pay for Railways' losses if this proposal is okayed

The panel has also asked the railways to make a segregated assessment of the actual revenue benefits accrued through the introduction of the flexi-fare system

Forex reserves dip by $950.9 mn on fall of foreign currency assets

Foreign exchange reserves declined by $950.9 million to $404.192 billion in July