Page 2696 - Economy & Policy News
ATMs go dry: PM gave our money to Nirav, says Rahul; RBI denies cash crunch
Several states are facing a cash shortage despite currency flows in the economy at the pre-demonetisation level
 "ATMs go dry: PM gave our money to Nirav, says Rahul; RBI denies cash crunch")
Demonetisation 2.0? Opposition gives political currency to cash crunch
In his Lok Sabha constituency Amethi, Gandhi said the "terror of note ban" has again gripped the country and accused the Prime Minister of destroying the banking system
 "Demonetisation 2.0? Opposition gives political currency to cash crunch")
Parliamentary panel calls Urjit Patel to answer queries on bank scams
Patel had recently said that the RBI doesn't have adequate powers to deal with pubic sector banks
 "Parliamentary panel calls Urjit Patel to answer queries on bank scams")
Indian railways posts highest ever passenger earnings in 2017-18
Meanwhile, during the financial year, railways loaded 1,161.66 million tonne freight, up 4.7 per cent from 1,108.79 million tonne last year
 "Indian railways posts highest ever passenger earnings in 2017-18")
Aadhaar-welfare schemes linking extended by 3 months; here's how to do it
CBDT on Tuesday extended the last date for linking of Aadhaar with Permanent Account Number (PAN) from March 31, 2018, to June 30, 2018
 "Aadhaar-welfare schemes linking extended by 3 months; here's how to do it")
A sugar-coated crisis: Cane dues to farmers touch all-time high
Overproduction of sugarcane and crashing retail prices is causing cane dues to farmers touch all-time highs
 "A sugar-coated crisis: Cane dues to farmers touch all-time high")
Six more states to generate intra-state e-way bills from Friday
The GoM discussed two models for simplification of returns and also devised a third "fusion model" taking the best features of the two models
 "Six more states to generate intra-state e-way bills from Friday")
Westinghouse now able to deliver India 6 nuclear reactors on time: Perry
The 2016 deal, under which Westinghouse was to build six AP1000 reactors in Andhra Pradesh, was concluded after more than a decade of diplomatic efforts
 "Westinghouse now able to deliver India 6 nuclear reactors on time: Perry")
7.8% in 2019: IMF keeps projection for India unchanged from its Jan outlook
China is expected to grow respectively at 6.6% and 6.4% in the two years
 "7.8% in 2019: IMF keeps projection for India unchanged from its Jan outlook")
Retirement of old thermal plants to shift demand to short-term power market
An investor presentation by Indian Energy Exchange (IEX) says the overall power generation in the country increased by 3.8 per cent during April-December of FY18
 "Retirement of old thermal plants to shift demand to short-term power market")
Traders opting for composition scheme need not file certain details: FinMin
The ministry, in a statement said, doubts are being raised about the manner of filing the quarterly return by composition dealers in Form GSTR-4
 "Traders opting for composition scheme need not file certain details: FinMin")
Power cut for more than an hour? Delhites may soon get compensation
The policy would now need Lt Governor Anil Baijal's approval to come into force
 "Power cut for more than an hour? Delhites may soon get compensation")
Govt working with US to address trade issues, like duty-free access: Prabhu
Commerce and Industry Minister Suresh Prabhu said the US is India's important trading partner and the latter has a large trade surplus with it
 "Govt working with US to address trade issues, like duty-free access: Prabhu")
Amid cash crunch, govt to raise printing of Rs 500 notes by five times
Garg attributed this sudden cash demand to localised phenomenon
 "Amid cash crunch, govt to raise printing of Rs 500 notes by five times")
Indian Railways' plan to generate Rs 390 bn from non-fare tenders derails
The cancellation of the tenders came when the Railway Board withdrew the powers of awarding contracts from railway subsidiary RITES and gave them to railways zones
 "Indian Railways' plan to generate Rs 390 bn from non-fare tenders derails")
Good news for employees: Companies may pay 100% variable salary this year
The employees who will benefit from this include workers in auto and auto ancillary, manufacturing, consulting and chemicals units besides pockets of the technology, banking and financial industries
 "Good news for employees: Companies may pay 100% variable salary this year")
Swamy calls for delaying AI sale to 2019, dropping Jayant Sinha as minister
His remarks come a day after RSS chief Mohan Bhagwat said that the control and management of the national carrier should remain with an Indian player
 "Swamy calls for delaying AI sale to 2019, dropping Jayant Sinha as minister")
Demonetisation redux? ATMs again running dry across states amid cash crunch
States like Gujarat, Uttar Pradesh, Madhya Pradesh, Bihar, Andhra Pradesh, Manipur and Telangana have so far reported a shortage of cash at ATMs
 "Demonetisation redux? ATMs again running dry across states amid cash crunch")
ATMs run out of notes: Here's the reason behind the massive cash crunch
Although the rate of cash circulation has surpassed the pre-demonetisation level, it is not in tandem with the rate of economic growth
Road sector revival: Projects being awarded at lower than reserve prices
Upswing in investors' interest in engineering-procurement-construction projects
 "Road sector revival: Projects being awarded at lower than reserve prices")