Page 2588 - Economy & Policy News

Over 15,000 non-compliant firms may lose registration in Andhra, Telangana

Both the states have about 127,000 companies registered with RoC

JSPL bags 20% of Railways' Rs 25-bn global tender to supply long rails

This is the first time in three decades that rail procurement has been opened for the private sector

Finance Ministry to re-balance CPSE ETF, may include new state-run firms

A final call would be taken by the inter-ministerial panel, chaired by the Union Finance Minister

Worst phase almost over for Indian banks? S&P report makes a point

Banks categorised an increasing proportion of weak loans as NPLs due to more stringent requirements by the Reserve Bank and government

April-June fiscal deficit of Rs 4.29 trillion at 68.75% of FY18-19 target

India expects to trim the deficit to 3.3% of GDP this fiscal year

GDP may moderate from 7.8% to 7.2% in second half of 2018: Nomura

The report said tighter financial conditions, slowing global growth and adverse terms of trade will start to constrain growth in second half of 2018

Microcredit witnesses 40% year-on-year growth for the last few months

According RBI data, at the end of May, 2018, the loan outstanding in microcredit segment was close to Rs 197 bn, against Rs 142 bn in May, 2017, representing a growth of about 38%

India's target of 111 mn toilets in 5 yrs brings windfall for companies

The scale-up of latrines and a nationwide campaign to encourage their use is driving a market for toilet-related products and services that's predicted to double to $62 billion by 2021

GST revenue shortfall: The Centre could be staring at a Rs 517 billion hole

Data accessed from finance ministry through the Right to Information Act suggests so

What's in the cart? Single regulator for e-commerce sector in the offing

Draft policy may force e-commerce, social media companies to store data locally

NITI Aayog plans to revive struggling real estate sector, seeks tax sops

The think tank has recommended interim relief from the GST for under-construction property nearing completion till March 31, 2019

Defence ministry clears decks for buying 111 choppers for navy at Rs 217 bn

Also, Rs 8-billion project cleared for eight fast patrol vessels for Coast Guard

SBI cuts shorter term bulk deposit rates, increases longer term rates

Since the bank adjusted its rates in both directions, a clear rate signal is not evident

Indian Banks' Association offers 6% wage hike; unions reject the offer

Various rounds of wage negotiations between banks and unions failed to make any headway

Government imposes safeguard duty on solar cell imports for two years

India is targeting to 100 gigawatt (GW) solar capacity by 2022

Press freedom protected under Srikrishna panel's data protection Bill

Journalists will be exempted from seeking the consent of individuals before collecting and reviewing their personal data to be used in a news report

Heavy rains end dry monsoon spell in Uttar Pradesh, boost Kharif sowing

At present, 37 of the state's 75 districts are still categorised as rain-deficient

Gujarat APMCs, textile markets return to normalcy after transport strike

The Rajkot APMC had seen a loss of Rs 400-500 mn and the Unjha APMC of Rs 800 mn during the recent transport strike

GST rate cut to weigh on India's fiscal consolidation efforts: Moody's

India's new lower GST rates on consumer goods ranging from footwear to washing machines took effect

Kitchen appliance makers take steps to pass on GST cuts to consumers

From talking to businesses to printing new price lists, companies take steps to pass on GST cuts to consumers