Page 2608 - Economy & Policy News

Sitharaman claims MoD 'alive and kicking' after 'getting the weeds out'

Sitharaman accepted that the NDA government too had underspent its capital budget in its early years

Good and bad news for Russia: S-400 deal is on, while FGFA is dead

With India pressing for delivery of the first S-400 units by 2020, the order must be placed at the latest in October

India can overtake UK to become 5th largest economy by 2019: Arun Jaitley

According to World Bank data, India had a GDP of $2.59 trn in 2017, higher than France's $2.58 trn

Russia can go ahead with FGFA project, India may join later: Sitharaman

India and Russia had signed an inter-governmental agreement for the mega project in 2007, vowing to take the military ties between the two strategic partners to the next level

Norms on Korean gold imports may be changed before next CEPA meet

Revised CEPA deal signed this week lowered tariffs on Indian shrimps, popcorn, beer

Existing Mineral Act is cumbersome, needs simplification: Amitabh Kant

The Aayog is yet to make a formal presentation to the Ministry of Mines for a fresh MMDR Act but is believed to have had informal discussions with the latter on the same

Talcher fertiliser plant revival on fast track, commissioning by 2022

Touted as country's first coal gasification-based fertilizer plant, the unit envisages urea production of 1.27 mn tonnes a year; revival cost pegged at Rs 116 bn

Overseas tech and e-commerce firms Google, Amazon etc. under I-T radar

Comments have been invited on three aspects-- revenue threshold of transaction in respect of physical goods or services carried out by a non-resident in India

Cochin Shipyard, Inland Waterways Authority ink deal for Ro-Ro vessels

The vessels, which can carrying trucks and other vehicles, along with sitting passengers, will be deployed on National Water Ways 1, 2 and 3

India's June exports up 17.57% at $27.7 bn; trade deficit at 43-month high

Imports too rose by 21.31 per cent to $44.3 billion during the month

Bridging trade gap: Indian mangoes, beer to get free access to South Korea

The duties would be significantly reduced or eliminated over the period of eight to 10 years by both the sides

RBI likely to hike interest rates this fiscal, next increase in August: DBS

Upside risks to inflation and a need to maintain financial markets' stability will keep monetary policy on a tightening bias.

Govt looking at proposal to include mining royalty as input cost under GST

Once royalties are considered as input cost, then entities would be able to claim the benefit of input tax credit under the indirect tax regime

India to surpass Britain to become 5th largest economy in 2019: Jaitley

A latest World Bank report has said that the Indian economy has become world's sixth-biggest economy

After Samsung, UP govt promises land to electronics majors

Xiaomi component suppliers, Haier, Vivo, Ziox looking for land in Greater Noida

Petrol price crosses Rs 84-mark in Mumbai, up in Delhi, Kolkata, Chennai

In the other major cities of Delhi, Kolkata and Chennai, petrol was sold at Rs 76.76, Rs 79.42 and Rs 79.67 per litre, up from Rs 76.59, Rs 79.26 and Rs 79.49 respectively on Thursday.

India invites Trump for R-Day: When events replace serious foreign policy

By inviting Trump, the Modi government is betraying its lack of gumption on the foreign policy front

Indian retaliation on Trump tariff on steel, aluminium not apt, says USTR

US President Donald Trump has said that economic security is part of national security

Russia defence deal: Working to get CAATSA waiver for India, say senators

Senator Mark Warner said there is a desire among lawmakers to find some way to manage India's past commitment to Russia and its defense relationships with that country

Iran, Russia sanctions issue to be sorted out soon: Indian ambassador to US

US sanctions on Iran that require India to stop its import of Iranian oil by November 4 have become an irritant in the Indo-US relationship