Page 2631 - Economy & Policy News

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

Piramal-Birla friction surfaces over Binani cement acquisition at PM meet

Piramal and Birla are pitted against each other in the National Company Law Tribunal (NCLT) process for the acquisition of Binani Cement

How trade war unleashed by Trump is bringing old foes India & China closer

China has lowered import barriers on some Indian goods

US envoy Nikki Haley meets Modi, asks India to cut imports of Iranian oil

Haley has used her role at the UN to regularly attack and ramp up pressure on Iran, accusing it of meddling in Syria and Yemen

GST roll-out: Chidambaram attacks govt, Sushil Modi blames UPA for delay

Former finance minister P Chidambaram took to Twitter and accused the BJP of stalling the implementation of GST when UPA was in power

Private investment plans in India's strategic oil reserves get Cabinet nod

The strategic petroleum reserves facilities at Chandikhol and Padur will be underground rock-caverns and will have capacities to the tune of 4 MT and 2.5 MT respectively

What exactly would be the kharif MSP of 2018-19 remains a big question

The provision of consultation with the states has further created confusion on MSP

Here's how kharif planting gets a monsoon booster across the country

In the case of paddy, the current bout of rain should push transplanting crops from nurseries in Jharkhand, Chhattisgarh, eastern Uttar Pradesh, and Bihar