Page 2603 - Economy & Policy News

Be ready to shell out more for airfares as govt mulls security fee hike

Among them 26 airports, including those in New Delhi and Mumbai, were in the hyper-sensitive category

Low profit levels may lead to consolidation of mobile firms in India

Should India encourage big players like Samsung to set up shop, riding partly on the higher duties the country has set on imports?

Current framework not enough for privacy, stop-gap measure needed: Trai

IAMAI said that companies will not be able to build a business in India if regulations follow these guidelines

Finance Minister Goyal to meet bankers to discuss ways to boost realty

A meeting of bankers will take place on how to revive it. Reforms have happened already, like implementation of the Real Estate Act

Govt proposes bill to curb ponzi schemes, 10-yr jail for duping depositors

The govt prescribes monetary penalty and jail term which could be extended up to 10 years for duping gullible depositors

Remove restrictions on iron ore pellet export from Karnataka: CEC

The CEC has said allowing pellet export would generate more demand for ore produced in Karnataka

Note ban hit GDP growth by up to 7.3 percentage points: World Bank

A study by World Bank used intensity of lights in evenings and nights to gauge economic activities

Govt okays relaxing production sharing contracts of Pre-Nelp, NELP blocks

Sops will give relief to companies like ONGC and Oil India on sharing of royalty and cess in pre-Nelp exploration blocks

Govt hikes sugarcane price by Rs 20 per quintal to Rs 275 from October

The fair and remunerative price (FRP) of Rs 275 a quintal will be linked to the 10% recovery rate and for every additional 0.1% rise in recovery a premium of Rs 2.75 will be paid

PMEGP created over 1.11 mn jobs in last 3 yrs: MSME Minister Giriraj Singh

Singh stated that the new model Charkhas give good quality yarn and has enhanced wages of Khadi artisans.

Road Ministry allows in-use vehicles to raise axle load by 25 per cent

Axle load limits are being revised for the first time since 1983

K M Birla says all is not rosy for economy, warns of near-term headwinds

Bharatmala, new airports and metros, along with affordable housing and smart cities will stoke growth in the medium-term, says Birla

Government working on another verison of UDAN scheme, says Jayant Sinha

The existing scheme, known as Ude Desh ka Aam Nagrik (UDAN), seeks to connect unserved and under-served airports in different parts of the country.

EPFO invested nearly Rs 489.46 bn in exchange-traded funds till June 30

The EPFO's apex decision-making body the Central Board of Trustees (CBT) at its 207th meeting held on March 31, 2015 decided to invest only in ETFs in the category of equity and related investments

Odisha allows 20% capital investment subsidy for IT, ITes, ESDM firms

The state government has notified operational guidelines for reimbursement of subsidy on capital investment under Information and Communication Technology (ICT) Policy 2014 belatedly.

Domestic airlines may post Rs 36 bn losses in FY19 on falling rupee: Icra

According to Icra, the ATF price was 35.4 per cent higher as on March 31, 2017, against the March 31, 2016 level

Ahead of Lok Sabha polls, Yogi seeking synergy between party and government

With about 10 months left for the next general election, BJP mascot and Prime Minister Narendra Modi and party president Amit Shah have started touring UP

CAG probes Rafale jet deal; CBI examines 4 graft cases in defence: Govt

Six firms were debarred from further business dealings with the defence ministry for a period of 10 years

Bank recapitalisation: FinMin mulls pumping funds in more in PSUs by Sept

The ministry has already finalised capital infusion of Rs 113.36 billion in five PSBs to help them meet their interest payment commitments

Government increases sugarcane FRP by Rs 20 per quintal to Rs 275

The decision to hike the Fair and Remunerative Price (FRP) of sugarcane for the 2018-19 marketing year was taken by the CCEA