Page 2593 - Economy & Policy News

Commerce Ministry urges RBI to consider all exports under priority sector

Currently, priority sector lending is confined only to specific sectors including agriculture under which banks are required to achieve their annual lending target

India's higher education struggling with dwindling teacher headcount

Teacher strength declines for second straight year, pupil-teacher ratio deteriorates

How Chinese goods are choking Indian industry and economy: The hard numbers

Parliamentary panel finds re-routing of Chinese goods through markets India has FTAs, under-invoicing to disturb trade balance, calls for product specific strategies

Srikrishna panel's predominance of privacy over RTI raises eyebrows

The report examined the RTI Act, specifically Section 8(1)(j), which deals with unwarranted invasion of privacy and allows for requests for information to be denied if they breach it

Imported share of 'indigenous' weaponry down from 48% to 40% in last 4 yrs

50,000 aerospace parts now built in India; 80,000 more can be built

Consent must for using data such as biometrics, sexuality: Srikrishna panel

The proposed legislation contains a provision for the 'Right to be Forgotten', which is in line with the European data privacy laws

J&K High Court notices to Centre, GST Council and state govt over refunds

An order in the case may have ramifications for other states such as Himachal Pradesh, Uttarakhand and Sikkim which have incentives schemes

AAR of Maharashtra rules out GST refund for post-sales discounts

The case pertains to UltraTech Cement, which sought clarity over the possibility of GST refund in the case of discount offered to its dealers after sale

Abduction to blackmail: Professionals hired to resolve bad loans face risks

Called resolution professionals, or RPs, they are appointed by courts to revive or wind down delinquent companies. But they face treacherous terrain

Stressed assets: Govt wants IBC relief for a dozen power projects

The government has asked for an additional 180 days to resolve these stressed assets that have a total capacity of 12,000 Mw

CRISIL DRIP Index: Four states, rice and sugarcane wilt under stress

But these are early days and the Indian Meteorological Department has forecast rain would catch up

Kharif sowing improves further as rains revive, reservoir levels rise

Combined volume of water in 91 reservoirs, at 63.33 bn cubic meters, is more than last year's volume and better than the 10-year average too

PNB fraud case: US bankruptcy court summons Nirav Modi, two aides

The US court had earlier not accepted PNB as creditor to the three companies

Domino's Pizza gets notice for not passing on GST benefits to consumers

Jubilant FoodWorks said that it has received the notice, but denied the charges, saying that it has passed on the benefits to customers

Eight-day truckers' strike that crippled trade, industry called off

Govt's assurance on setting up a high-level committee headed by the Road Secretary to facilitate expeditious resolution of demands spurs withdrawal

Centre opposes pleas in Supreme Court on One Rank-One Pension

Senior advocate Vivek Tankha, appearing for Indian Ex-servicemen Movement (IESM), said that he was ready to argue on both maintainability and merits of the petition

Jaitley sees GST rate cut on cement, ACs, TVs with rise in revenue

The tax reduction has reduced the cost to the consumers, increased his purchasing capacity and added to the increased consumption in the economy

Week-long truckers' strike likely to be called off today

Ministry of Road Transport and Highways assures to set up a committee to look into their grievances

Rising cost of iron ore, freight in Odisha have vexed steel producers: JSPL

The company's chairman, Naveen Jindal, also rues coal shortage for the industry in the state

Centre asks states to exempt small hydro developers from cess, free power

Hydropower plants with capacity up to 25 Mw are categorized as small hydropower projects