Page 2585 - Economy & Policy News

A key spoke in Indian economy's wheel isn't feeling same optimism as RBI

The manufacturing sector's deteriorating business sentiment underlines a view that the economic rebound is likely to be a bumpy one

India to clock 7.5% GDP growth, recovery to remain robust: Morgan Stanley

On inflation, the report said upside risks could emerge from a weak monsoon

'Zombie' power plants: A financial time-bomb that may torpedo Indian banks

The most intractable bad loans, the ones the bad bank is meant to deal with, are concentrated in one sector: power

Ahead of two-plus-two talk, India, US hold military cooperation meet today

External Minister Sushma Swaraj and Defence Minister Nirmala Sitharaman would meet their US counterparts in 2 plus 2 meeting next month

A third of national capital budget allocated to the military: Government

The government has put forward in Parliament a new, and more telling, metric, which is the defence capital allocation as a percentage of the national capital spending

Centre's fiscal situation comfortable: DEA Secretary Subhash Garg

The RBI said one of the factors affecting headline retail inflation was the Centre's decision to fix MSP

Trai recommends sale of airwaves of over Rs 5 trn for 5G auction

If it happens, this would mean the largest spectrum auction in terms of amount with over 7,000 Mhz going up for sale across eight bands

Despite price control measures, multinational medical firms fare well

Indian companies importing their devices from abroad still remains only around 20 per cent of the total imports

With UPI 2.0 set to launch soon, transactions for July fall by 4%

UPI has seen growth in volume and value over the previous month, barring a marginal fall in volume in October 2016, May and July 2018

LIC's acquisition of 51% in IDBI Bank a 'win-win' situation for both: Goyal

The government will not get cash through the deal and capital will be infused by LIC into IDBI Bank through preferential allotment of equity

CBIC issues GST refunds to the tune of Rs 543 billion up to July

By the end of July 31, the total amount of IGST refund claims disposed of stood at Rs 298.29 billion

Conflicting views between govt and RBI led to withdraw of FRDI Bill

RBI criticised various provisions that might have transferred some of its powers to the proposed Resolution Corporation

GST collections surge in July, miss Rs 1-trn target for third time in FY19

Since its rollout 13 months earlier, the new indirect tax has yielded Rs 1 trillion only in April 2018

Trai recommends Rs 5.7-tn auction plan for 8293 Mhz mobile radio waves

Based on these recommendations submitted to the government, the base prices and timing for the next round of auctions will be finalised

Taskforce set up for roadmap to build indigenous plane: Suresh Prabhu

Responding to supplementaries on the issue, he said the task force has been working on the matter and have already taken several steps, but a decision on forming an SPV will be taken at the Committee

China to ease financial conditions, steps up effort to boost lending

While China has taken several steps to free up credit in recent weeks, the central bank's latest interactions with lenders suggest official efforts have intensified

Cabinet clears changes to GST laws relating to composition scheme, others

The amendments were cleared in a meeting chaired by Prime Minister Narendra Modi, said an official source

Investors bet on small finance banks as financial inclusion makes way

High growth, certainty of exits attract PE firms

Ayush ministry skirts rules, ignores CCIM to approve 138 ayurveda colleges

The ministry ignored the Central Council of Indian Medicine, which found these colleges to be unfit to run undergraduate and graduate courses

Centre clears GST refund worth Rs 543.78 bn of exporters till July end

The Central Board of Indirect Taxes and Customs (CBIC) has cleared Rs 160.74 billion, while the state authorities have refunded Rs 84.75 billion