Page 2606 - Economy & Policy News

People should have right to their data, firms are mere custodians: Trai

The recommendations have come at a time when there are rising concerns around privacy

LIC board gives approval to acquire 51% stake in debt-ridden IDBI Bank

The government owned 85.96 per cent in IDBI Bank at the end of June

Exporters get Delhi HC relief over integrated goods and services tax

The court had issued an interim order to prohibit charging of IGST on imports under the scheme

Chinese and Malaysian solar panels face 25% safeguard duty in India

The Indian solar manufacturing had asked for 95 per cent safeguard duty on imports

States may get incentives for controlling population, says N K Singh

The recommendations of the current commission will be applicable for a period of five years from April 1, 2020

RBI cites investor protection to justify cryptocurrency ban in India

The central bank has been arguing there's a security risk because the wallets are stored electronically where the currencies are kept

IMF cuts India's growth projection, but it continues to outperform China

However, the latest growth rate projection for India is slightly less -- 0.1 per cent in 2018 and 0.3 per cent in 2019 than its April projections

Sebi extends deadline to Sept 30 for RTAs to collect PAN, bank details

The regulator, in April, had said that issuer companies through their RTAs would have to take special efforts to collect copy of PAN and bank details of all securities holders

People should have right on their data, companies are mere custodians: Trai

It said that in order to ensure sufficient choices to the users of digital services, granularities in the consent mechanism should be built-in by the service providers

Trade war: US hikes anti-dumping duty on Indian shrimps by 60 per cent

Previously, the levy was 0.84 per cent duty

India's FY19 sugar output to surge 10%; to touch record 35.5 mt, says ISMA

According to ISMA, sugar output could go up because of higher availability of sugarcane

GST on international air tickets wrong,breaches global agreements: IATA

Under the GST regime, tax at the rate of 5% and 12% is levied on economy and business class air tickets, respectively

Yogi Adityanath govt's flagship projects need 17,000 hectares of land

Big ticket projects include Purvanchal Expressway, Defence Corridor and much more

Steel ministry proposes to bring royalty, auction money under GST ambit

The steel ministry is preparing a draft proposal on this

LIC board gives nod to acquisition of up to 51% stake in IDBI Bank: Garg

LIC has been looking to enter the banking space by acquiring a majority stake in IDBI Bank as the deal is expected to provide business synergies despite the lender's stressed balance sheet

US-China trade war to benefit Indian laminates manufacturers

Trump administration proposes 10% import duty on Chinese products, Greenlam and Responsive Industries stock up

Only 20% of businesses expect output growth over next 12 months: Survey

The business confidence reading for India was below the average recorded for BRIC (Brazil, Russia, India and China) nations at 23 per cent and globally at 31 per cent

Odisha to go for lean Supplementary Budget on bloating expenses

From October 1 last year, the state government has been paying salaries and pension to its staff in revised scale, keeping to the provisions of the Seventh Pay Commission

WPI inflation rises to 5.77% in June on costlier vegetables, fuel

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

H-1B visa: New rules allow outright rejection of applications, deportation

The revised policy will apply to all applications and requests received by the authorities from September 11 onwards