Page 2642 - Economy & Policy News

Govt may sell part of its stake in IDBI bank to India's top insurer LIC

India has been trying since at least two years to sell IDBI Bank

India to revive rupee trade mechanism for its oil payments to Iran: Source

Donald Trump said in early May that the United States would walk away from an international nuclear deal with Iran and impose renewed US economic sanctions on Tehran.

MP takes up solar rooftop tendering with 45% subsidy support

Over 60 prospective bidders attend pre-bid meeting for the tender that is expected to be finalised in July

GST to usher in over 100% growth in warehousing sector by 2021: Report

Implementation of GST has had a positive effect on warehousing activities in India due to diminishing state boundaries, says a JLL report

Modi seeks double-digit growth for India's entry into $5-trn economy club

The world, he said, is watching as to when India will break into the $5 trillion economy club by doubling its economy

Auction of spectrum for 5G services only around second half of 2019: COAI

Telecom Secretary Aruna Sundararajan had earlier said that India wants to be a frontrunner in adopting 5G technology

People spend 13 hours to access direct benefit transfers in Ranchi

As a matter of fact, the study found that people are so unsatisfied with the DBT system being piloted by the government that they want to return to the previous system of grains distribution

Insolvency process may boost producer margins, raise capital flow: EY Study

The IBC process has so far seen successful resolution of Bhushan Steel, taken over by Tata Steel and Electrosteel Steels which Vedanta bought over

India slaps tariffs on 29 US items; new rates to kick in from August 4

The latest list of tariff hikes has 18 iron and steel items, a potent political reply against Trump's tariff hikes in the sector.

RBI relief unlikely for stressed power sector; govt to work on reform plan

The Centre is likely to push for debt restructuring and reform schemes to resolve issues plaguing private power producers

Monsoon revival over weekend likely, but second-half rainfall may be muted

If the rains become scarce after mid-August, the standing kharif crops might be impacted

Govt must do away with imposition of any levy on movie tickets: Study

Currently under GST, tax at the rate of 18 per cent is levied where the price of tickets is Rs 100 or less and 28 per cent in other cases

Need to reach comfort zone before touching GST rates: Vanaja Sarna

In the GST, there is scope for rationalising rates, but timing is very important in all this, whether you want to do it now or wait for another 3 months & see how revenue is doing,says Sarna

India to have high-skill talent surplus by 2030, says report

The report revealed that largest economies, including the US, China and Germany are likely to face the rapidly escalating employee costs

BoA ML downgrades FMCG stocks to 'underweight' from 'overweight'

Multiples for Indian staples have defied gravity recently

India sees 20% rise in $ millionaires and their wealth, despite GST impact

"India was the fastest-growing market globally," the report by French tech firm Capgemini said.

India to be lone economy facing suppressed wages by 2030, says study

Globally, a shortage of highly skilled employees could dramatically drive up salaries for the most in-demand workers by 2030, according to a study.

AAI picks three sites for second greenfield airport near Bhubaneswar

Sites are within 20-25 km radius of Odisha capital; airport to be set up on 2,000 acres

Give police limited access to Aadhaar data: National Crime Records Bureau

More than 40,000 unidentified bodies were recovered every year. With access to Aadhaar, these could be identified and handed over to their relatives

India hits back at US with higher import duties on farm, steel products

India's move came a day after the EU's decision to charge higher import duties on a range of US products