Page 2637 - Economy & Policy News

Chhattisgarh records 75% crop insurance claims, govt disburses Rs 5.68 bn

Following scanty rainfall and other reasons, crops of 250,000 farmers were damaged

No more overtime allowance for govt staff under 7th pay panel; here's why

It has also been decided to link grant of overtime allowance with biometric attendance

Centre plans to celebrate July 1 as GST-Day to mark one year anniversary

Sources said the government has decided to celebrate July 1 as the GST-Day

Fiscal situation firmly under control, external profile is robust: PM Modi

Retail inflation, measured by Consumer Price Index (CPI) (CPI), has remained above four per cent since November 2017

Here's why India's life-saving plan for IDBI Bank makes no sense

It's hard to see how the transaction could bolster the reputation of any of India's three financial regulators

Global funds' India bullishness dips to lowest in five years

Consensus overweight currently slips below 100 bps, down from 800 bps in 2015

PM Modi to hard-sell govt works to India Inc, seek inputs in Mumbai today

The meeting is likely to be held at the Raj Bhavan, the official residence of the Governor

Indian companies ask govt to restrict Chinese aluminium imports

In a presentation made by the Aluminium Association of India (AAI), the industry told the government that manufacturers were suffered owing to the impact of unfavourable Free Trade Agreements

Lower threshold for 'beneficial owners'; new rules take effect from June 30

An entity or an individual holding at least 10 per cent in a company will now be considered a significant beneficial owner

GST impact: Implementation blues take a toll on Tirupur businesses

Refund delays, withdrawal of incentive schemes make Made-in-Tirupur products costlier by 10-15 per cent, say entrepreneurs

Benami properties of Rs 43 bn attached; Jaipur and Mumbai top the list

Patna has seen the least number of attachments at 30, followed by Lucknow at 50, while in Kolkata, Chandigarh, and Hyderabad, 144, 110, and 100 properties got attached, respectively

Revival package for Kerala's cashew processing industry on the anvil

The state government said it has helped over 170 private companies to restart operations in the recent past, through talks with various banks

Dairy farmers target bulk consumers directly for better realisation

Move poses a threat to dairy firms, who are mulling two options -- pare selling price for bulk users or expand margins with lower sales volumes

Finance Ministry simplifies process for additional borrowing by states

States are eligible for 0.25% over and above the 3% for any given year for which the borrowing limits are to be fixed, if their debt-GSDP ratio is less than or equal to 25% in the preceding year

Infrastructure development can't be done locally, says AIIB

The panel stressed on the importance of both hard and soft infrastructure to boost cross-border trade and relations

India needs $4.5 trillion infra spending over next decade: FM Piyush Goyal

Goyal refuted any charges that Indian banks are shying away from infrastructure projects, but said they have provided yeoman services to the country's infrastructure growth will continue to do so

AIIB annual meeting 2018: Some states yet to warm up to agency funding

The interest rates are high at 9 to 9.5 per cent, Fadnavis said on the sidelines of the conference

UCBs with deposits of Rs 1bn should have Boards of Management, says RBI

BoM will be in addition to the Board of Directors (BoD), said the RBI's draft guidelines on which it has invited public comments by July 24.

Mineral block auctions hit speed bump, only 41 of 78 identified blocks sold

In current fiscal, six mineral blocks have passed auction test, though Notice Inviting Tenders are ongoing for 22 others

Government mulls injecting Rs 4.6 bn into pharma to reduce bulk drugs cost

Five sub-schemes have been announced under the pharma development programme with the objective to reduce the cost of production by 20-25 per cent in bulk drug parks.