Page 2596 - Economy & Policy News

Farm debt waivers, pay revisions to haunt state finances in medium term

While UDAY added to the fiscal deficit of states in FY16 & FY17, the impact of debt waivers and 7th pay commission is likely to linger till 2021

LS passes anti-graft bill that punishes bribe-givers, shields govt staff

It proposes a 'shield' for government staff, including those retired, from prosecution by making it mandatory for investigating agencies like the CBI to take prior approval from competent authority

US designs waiver plan for India to purchase weaponry from Russia

The NDAA 2019 is likely to enjoy smooth passage through Congress, since committees from both houses have agreed on the Bill

India emerging as global manufacturing, start-up hub: PM Modi in Uganda

Modi also hailed India's ties with Uganda and other African nations

Vijay Mallya reaches out to Indian officials, may want to return: Report

Under this recently promulgated ordinance, the government can immediately confiscate all linked properties of Mallya in the country and abroad

Modi govt seeks RBI's views on specific public sector bank mergers

In August last year, the government had approved a framework for the merger of PSBs

Income Tax department seeks GST and GAAR details in new audit form

The form seeks a break-up of total expenditure of entities registered or not registered under the GST

Exporters fear India may lose $5.5 bn in gold medallion, coin exports

Exports of gold items above 22 carats of purity were banned by the government in August 2017

India eyes larger export share as Sri Lankan tea faces challenges

During January-May this year, Indian exports to Russia stood at nearly 18.7 million kg, compared with Lanka's 14.2 mn kg

IMF wants India to focus on FDI, cautions against relying on global markets

Cautions against relying on global financial markets to its finance current account deficit

RBI has wide-ranging and comprehensive powers to deal with PSBs: Govt

He further said that the RBI has a nominee director on the management committee of PSBs

CBDT's decision to not pursue cases below Rs 2 mn may cost govt Rs 100 bn

I-T dept can now concentrate on fewer but larger cases

Indian money in Swiss banks down 80% since 2014, says FM Piyush Goyal

The finance minister cited Swiss ambassador's letter, which also said the Indian money in Swiss banks have decreased by 80 per cent since 2014.

Railways' massive archival journey to chug along 2.5 bn pages of history

The century-old railways archives include documents, orders, time tables, photographs, technical diagrams among others

China clears 14 Indian rice companies for export amid trade war with US

China allows import of only basmati rice from India, but with this clearance, even non-basmati rice can be exported.

US eyes easier market access for soybean meal, easier norms on cherries

The US is the third largest global producer of soybean meal and is eyeing newer markets as it faces a significant glut in the supply of soybeans, as the largest one - China - has imposed higher tariff

Centre proposes amendment in labour law to recognise central trade unions

The proposed Bill has provisions for recognising central TUs by various government departments, at both the central and state levels

India's manufacturing weakness hits free trade agreement ambitions

The rules demonstrate why India, despite its booming economy, scores so low in global trade coming in at 20th position

CRISIL SME Tracker: Ayushman Bharat a shot in the arm for MSE hospitals

CRISIL expects micro and small enterprises (MSEs) in the space to play an important role in implementing AB-NHPS

Vietnam open for business, but will India Inc cash in?

The south-east Asian nation's growing prosperity offers huge opportunities, but India Inc is yet to cash in