Page 2605 - Economy & Policy News

Cabinet to consider Rs 20 per quintal hike in sugarcane price for 2018-19

The FRP, which is the minimum price that sugar mills have to pay to sugarcane farmers, is Rs 255 per quintal for the 2017-18 season

Modi govt set to infuse Rs 20 billion into PNB to aid bond payment

PNB needs to pay about 1.35 billion rupees to cover the 8.98 percent annual interest on Rs 15 billion worth of so-called AT1 bonds sold in July 2017

Govt doubles import duty on 50 textile products to promote domestic goods

The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments

SMEs raise Rs 15.46 bn through IPOs during first six months of the year

Funds raised through initial public offers (IPOs) were used for business expansion plans, working capital requirements

It's our duty to amend, enact law if it violates rights: SC on Section 377

The courts are not in obligation to wait and would act if any violation of fundamental right was brought before it

Railways See Rise In Coal Freight Demand

Railways See Rise In Coal Freight Demand

Paradip Port's Outer Harbour project at bay on sliding coal demand

The project was conceptualized to ship thermal coal primarily to the southern states

Govt mulls military training for 1 mn youth per year to instill discipline

The aim of the scheme is to instill values of nationalism, discipline, and self-esteem in the enrolled youth

Kharif sowing: UP draws roadmap for deficient rainfall amid subdued monsoon

UP government has decided that the paddy sowing would be encouraged only when the rainfall activity is abundant for the water-intensive crop

Six PSBs, including PNB, may get capital infusion of Rs 80 billion: Report

In May this year, the finance ministry had begun the process of ascertaining the amount of capital to be infused into PSBs this financial year

Relief for India? US to consider waivers on Iran sanctions, says Mnuchin

US Treasury Secretary Steven Mnuchin clarified that there would be no blanket waivers or grandfathering

IMF trims India's economic growth forecast to 7.3% in 2018, 7.5% in 2019

India's economy grew at a four-year-low of 6.7 per cent in 2017-18

Govt raises import duties on a large number of textile apparel, fibres

Import duties had been increased for an even broader set of products and goods in the textile categories back in October 2017

Wholesale inflation up for 5th straight month in June at 4-yr high of 5.77%

Inflation in vegetables jumped to 8.12 per cent in June, from 2.51 per cent in the previous month

Fewest maternal deaths recorded in states ranked highest in health index

States that invested in improving health infrastructure, quality and access to services, human resources and health outcomes, reduced the number of maternal deaths

Railways to get first dedicated corridor for freight trains on August 15

The 190-km railway line will be between Dadri in Uttar Pradesh and Phulera in Rajasthan, which fall under the Western Dedicated Freight Corridor (WDFC).

More than $6 bn green bond issues still stuck due to rising interest rates

Green bonds are normal bonds, but the proceeds are used for renewable energy projects, or for services that are ecologically sustainable

Local players in electronics industry see preference policy as a threat

Ironically, it is aimed at creating more demand for Make in India goods

DGCA to license air traffic controller after poor ranking in safety audit

According to the latest ICAO audit data, India is placed below neighbouring Pakistan, Nepal and many other countries

Ghost of loans returns to haunt some of the debt-ridden Indian states

The RBI pointed out that redemption pressure on state loans will start rising from 2018-19 and reach a peak in 2026-27.