Page 2644 - Economy & Policy News

Arvind Subramanian resigns before term; Jaitley announces CEA exit on FB

Chief Economic Advisor Arvind Subramanian informed me that he would like to go back to the US on account of pressing family commitments, Jaitley wrote in Facebook post

Synchronising bank regulations with PMAY may lead to lower prices

The RBI's move will increase the demand for affordable housing loans from families under EWS and LIG categories.

Higher import duties on strategic US imports to kick in from today

India has prepared a crafty list to counter US President Donald Trump's repeated threats of cutting trade while aiming to reduce the impact on domestic businesses.

Modi says govt wants to double farmers' income, skips contentious issues

In an interaction between farmers and Modi, no farmer talked about difficulties

No pure GST on petrol, diesel; 28% tax plus VAT a possibility: Official

GST has been spoken of as a panacea for high fuel prices but the structure in works would ensure rates remain almost at same levels

Competition Commission of India okays Bayer-Monsanto merger but with riders

It said the merged entity will follow a policy of non-exclusive licensing of non-selective herbicides or their active ingredient(s)

Why RBI panel voted for rate hike, minutes of June 4-6 review

oil prices are likely to stay at higher levels, adding to the twin deficits (fiscal and current account) and inflationary pressures

Urjit Patel, others voted for rate hike citing inflation risks at MPC meet

After over 4 years, RBi raised the short-term lending rate (repo) to 6.25 per cent on June 6 after the Monetary Policy Committee (MPC) headed by Patel unanimously voted for the hike

Quitting for very compelling reason; will leave by early Sep: Subramanian

Subramanian is the second high profile exit in less than a year after then NITI Aayog vice chairman Arvind Panagariya who had quit in August 2017

Will soon review Air India stake sale plan: Aviation minister Suresh Prabhu

The govt had announced in March to divest a 76% stake in Air India along with complete divestment of low-cost arm Air India Express and a 50% stake in Air India SATS Airport Services Pvt Ltd

Arvind Subramanian resigns as CEA to Modi govt, Jaitley announces in blog

Subramanian has informed Jaitley that he would like to go back to the United States on account of pressing family commitments

MSME credit growth improves as impact of note ban, GST subsides: Report

The overall credit exposure has shown the highest growth in last five quarters at Rs 54.20 trn as of March 31, 2018, with MSMEs segment constituting Rs 12.6 trn of the commercial credit outstanding

Indian Oil to set up Rs 9 bn ethanol plant in Adityanath's pocket borough

The company has sought 50 acres from a defunct sugar mill in Gorakhpur

Govt to build new rail bridge over Yamuna river in Delhi to ease congestion

Popularly known as Loha Pul, the old bridge gets affected during floods as train movement slows down

US-China trade war: How India emerges as a winner in global cotton market

The Cotton Association of India said last week that output this season will rise 8.3 per cent from a year earlier

As Opec braces for Vienna talks this week, India hopes for fair oil pricing

India and China are considering teaming up to buy US supplies and counter OPEC's dominance in world's biggest oil market

Agri budget doubled to Rs 2.12 trn for doubling farm income by 2022: Modi

PM Modi said that the budget for 2018-19 financial year has taken steps to provide farmers a price equivalent to 150% of their cost of production

West Bengal CM declares additional 18% dearness allowance for govt workers

This will be effective from next January

CAD at 2.5% of GDP not a worry, govt geared to deal with outflows: FinMin

With rising oil prices, depreciating rupee and outflow of portfolio investments, there are concerns that CAD might rise in the current fiscal

Frustrated by long train delays? Railways has a plan to cheer you up

The Railways will provide free meals and refreshments to the passengers travelling on reserved tickets if the train gets delayed on Sunday