Page 2594 - Economy & Policy News

India's milk powder exports to surge on subsidies, dampen global prices

India's skimmed milk powder (SMP) exports are expected to rise to 100,000 tonnes in the 2018/19 fiscal year as rare government incentives spur overseas sales

K M Birla on why Novelis will buy American aluminium products maker Aleris

We bought Novelis for $6 billion and we got equity of $3 billion in the first three years itself, says K M Birla

As RBI tries to revive rupee, India's forex reserves may go below $400 bn

Reserves are still strong enough to cover more than nine months of import needs

What gets cheaper as new GST rates kick in today? Here's a complete list

Apart from tax on sanitary pads being brought down from 12 per cent to zero, the GST council has recommended rate cut on an array of products which will be effective from this Friday

Potato 29% costlier in Delhi, Amazon deliveries hit due to truckers' strike

Also, Snapdeal said the slowdown of long-haul transportation had hit some of its deliveries in northern and western India

Lack of clarity haunts RBI's credit database that eyes a transformation

It remains unclear how exactly will the PCR function, who will get access to the data, and where will credit bureaus go if their monopoly over individuals' credit data is diluted?

Is Srikrishna Committee going to balance rights to information and privacy?

If the phrase 'privacy' is deleted from RTI Act, it saves the legislation from some of the complexities but that doesn't mean that the right to privacy would no longer apply in the context of RTI Act

Why govt's National Nutrition Mission should focus on women's well-being

Studies have shown how women can influence their child's nutrition indirectly through their own nutritional status, therefore, well-being of women in terms of education among others should be ensured

US says working 'hand in glove' with India to boost ties ahead of 2+2 meet

Already rescheduled twice, the September 6 meeting will be the first two-plus-two dialogue between India and the United States

Iran offers India insurance to continue oil supply as US sanctions loom

State-run insurers used to provide cover before. They relied on reinsurance from India's GIC, which in turn depends on companies in both Europe and the US to hedge its risk

Sanitary napkins, footwear, 86 more items may get cheaper from today

Refrigerator, washing machine, small screen TV, storage water heaters, paints and varnishes will attract 18 per cent GST from tomorrow, as against 28 per cent at present.

Considered development of regional transport aircraft: Minister

Minister of State for Civil Aviation Jayant Sinha informed the Lok Sabha in a written reply

'Make in India' a misnomer? PSUs, states buying Made in China, says report

The parliamentary standing committee on commerce noted that Indian industry was getting decimated by China dumping its cheap products in India

Value of new project announcements down 33.4% in June quarter: CMIE

A IIFL Securities' India-Economy report notes new project announcements had also fallen year-on-year by 13 per cent. Investment in the four quarters ending June were at five per cent of GDP

Genetically modified-processed foods being sold illegally, claims CSE study

Among popular food companies, Abbott and General Mills were found to be marketing GM foods

GST rate cut impact: Govt mulls import duty hike on consumer durables

This assumes importance since the cut in the GST rates also meant that the integrated GST on imported stuff will also come down, making imports cheaper

BRICS Summit: 'High skill' to be new face of jobs, says PM Narendra Modi

Modi said the Fourth Industrial Revolution will have more importance than the capital

UIDAI looking for agency to gauge public sentiment on Aadhaar card

The agency is also expected to maintain confidentiality and no information gathered during the course of association with the UIDAI is expected to be revealed

RBI monetary policy: A hike in Aug but a long pause thereafter, says expert

Apart from inflation indicators, the committee will likely take into account several macroeconomic and financial market indicators (eg, oil prices, the INR, FII flows, monsoon trends)

Chinese solar panel dumping cost 200,000 jobs in India: Parliamentary Panel

These observations have been made by Parliament Standing Committee on Commerce in its report on impact of Chinese goods on Indian industry