Page 2629 - Economy & Policy News

PNB scam: Enforcement Directorate files charge sheet against Mehul Choksi

On the basis of this charge sheet, the ED will approach a special court to declare Choksi as an economic offender and further confiscate his assets in India

Leaner 28% GST list? Council may consider rate cut for cement, paint

The GST Council meeting on July 21 will likely be chaired for the first time by Finance Minister Piyush Goyal

India to focus on services trade at RCEP ministers meet in Tokyo

Nations have increasingly got entrenched in their positions over reduction in tariffs and opening of market access

India likely to roll back higher import duties on 29 US products

Last week, India finally imposed higher tariff rates on 29 import items from the US, aimed at raking in $240 million worth of duties through higher tax up to 100 per cent

Monsoon likely to cover entire India in next 2-3 days, says IMD

The monsoon normally covers the country by July 15, but this time it is expected to do so about 14 days before the anticipated date

Nikki Haley talks up US-India ties, says trade differences 'growing pains'

Haley said the Trump administration valued Pakistan as a partner, but it would never tolerate that country becoming a haven for terrorists

Tariff cuts: India says China needs to prune import barriers

Both nations agree that market access for Indian goods in China remains low owing to non-tariff barriers

Govt told refiners to cut oil import from Iran after pressure from US

The Trump administration is piling pressure on India, China, and other buyers to end all imports of Iranian oil by a November 4 deadline

Will take steps to ensure energy security: MEA on oil import from Iran

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia

US Q1 GDP growth slows on weaker consumer spending, labor market strong

The dollar fell against a basket of currencies while prices of US Treasuries dipped

Air India stake sale: Govt adopts 'wait and watch' approach for 3-4 months

The government's proposed stake sale in Air India failed to attract any initial bidders when the deadline for bidding ended on May 31

Indian govt reconsiders decision to split up gas utility Gail Ltd

The country's top two refiners Indian Oil Corp Ltd and Bharat Petroleum Corp Ltd had shown interest in integrating GAIL's marketing arm with their business

Sugar export norms relaxed: 1 milllion tonnes outflow likely by September

Currently sugar is exported to China, Sri Lanka, Sudan, Somalia and Dubai, among other countries

No impact on fiscal deficit, will be kept at 3.3 % for FY 19: Official

The government had budgeted to cut fiscal deficit to 3.3 per cent of GDP in current fiscal, from 3.53 per cent of GDP in 2017-18

Damage control? Govt may withdraw tariff notification on 29 US goods

Nikki Haley said that a top-level strategic dialogue with New Delhi India would take place as soon as possible

India, US agree to reschedule 2+2 dialogue, Pompeo expresses deep regret

Swaraj and Defence Minister Nirmala Sitharaman were earlier scheduled to travel to the US to take part in the meeting with Pompeo and Secretary of Defence James Mattis on July 6

Yogi govt relaxes norms for acquiring gram sabha land to speed up projects

About 350 infra, industrial projects stalled over land acquisition

GST impact: Slow refunds, rising input costs paralyse Ludhiana businesses

A series of jolts - starting with demonetisation, or note ban, in November 2016 to the roll-out of a new indirect tax regime in July 2017 - has cut to size the city's 50,000-strong MSME base

Tax rates for consumer goods lower under GST, says Godrej group Chairman

It will be very good if some consumer durables and other products in the 28 per cent bracket, such as paints, brought to 18 per cent, says Adi Godrej

HRD Ministry to replace UGC with Higher Education Commission of India

Prakash Javadekar appealed to stakeholders to send their recommendations on the Act by July 7