Page 2607 - Economy & Policy News

Ghosts of past loans haunt India, borrowings for repayments likely to soar

Redemption pressure on states, which normally issue plain vanilla bonds with 10-year maturity, increased from the year ended March 2018, according to the RBI's Study of State Finances

Using PNG, biofuel for cooking may soon get cheaper, subsidy proposed

At present, the government extends a subsidy to users of LPG but PNG and biofuel users do not receive such benefits

Insolvency proceedings: Tata Steel readying blueprint to buy Bhushan Power

Much like the Bhushan Steel deal, Tata Steel is keeping its financing arrangements ready and is sounding out people within the organisation for Bhushan Power & Steel

Fortis Healthcare fortunes to get Malaysia's IHH boost with acquisition

Since gains may take a while to accrue, experts believe short-term investors should tender shares in the open offer

Income tax department issues record refunds of Rs 700 billion in Q1

This was 26 per cent more than the refunds worth Rs 555.2 billion issued in April-June of 2017-18

Become whistle-blowers, expose tax evaders: Piyush Goyal to businessmen

Union Finance Minister Goyal said businessmen should compete not to evade taxes but to produce and deliver quality goods and services

Frigate purchase from Russia hit by high cost of warship building

New Delhi and Moscow have agreed terms for the first two frigates, which are lying almost fully built in Yantar Shipyard in Kaliningrad, Russia

Council may consider bringing jet fuel, natural gas under GST ambit

However, fitting the two products in the 5, 12, 18 and 28 per cent GST tax slabs is proving to be difficult

Statsguru: Economic climate worsens; industrial growth slows to 7-month low

The recent economic data suggests a worsening of the macro-economic environment

30,000 'weeded out' in crackdown on shell companies can again be directors

The government has been asking banks for details of transactions of many of these

Digital transactions to power key official macro-economic statistics

India's digital economy is likely to hit Rs 1 trillion by 2022, according to estimates

No annual pay hike for PSB managers failing Mudra target, says Hansraj Ahir

Union minister of state for home affairs Hansraj Ahir writes letter to district magistrate of his constituency

PM Modi to launch projects worth over Rs 550 billion in UP on July 29

Ambani, Adani, Birla and group of union ministers to attend high octane ceremony

Farm loan waivers and not real income growth is driving rural demand

Real wage growth has seen a secular decline over the last year and has now turned negative

India becomes regional head of Asia Pacific at World Customs Organisation

The organisation has divided its membership into six regions where each of the regions is represented by an elected vice-chairperson to the WCO council

Developing airports like real estate businesses doomed to fail: IATA chief

To questions about the civil aviation policy, IATA chief complimented the govt saying the 'clear' policy reflects a national development strategy that appreciates the aviation industry's role

Delhi govt allows charging Rs 50 extra for home delivery of public services

Under the doorstep delivery of services to be launched in August, the AAP government will provide around 100 public services of its various departments at the doorstep of Delhi's citizens

Indian digital economy likely to touch $1 trillion-mark by 2022: DEA Secy

Garg also underscored that 7-8 per cent rate of growth has become a norm for India

India set for third-largest economy tag with $10 trn GDP by 2030: Garg

According to the World Bank data, India had a GDP of $2.59 trillion in 2017, higher than $2.58 trillion of France.

ASCI to work closely with NCW to monitor 'indecent' advertisements

In December last year, MIB had issued a directive, asking TV channels to restrict condom ads to the 10 pm-6 am slot