Page 2701 - Economy & Policy News

RBI tightens reporting norms of outward remittances to improve monitoring

Now banks will be required to upload daily transaction-wise information undertaken by them under LRS

India's request to arrest Nirav Modi awaiting response from Hong Kong: MEA

MEA said the Department of Justice in Hong Kong is examining India's request for provisional order for Modi's arrest

Tobacco farmers argue for banning FDI but major firms warn of monopoly

Current rules prohibit a foreign entity from investing in the manufacture of all forms of smoking and chewing tobacco products, including cigarettes, bidis and cigars

Feb IIP growth dips to 7.1%; March retail inflation at 5-month low of 4.28%

The Index of Industrial Production had risen by 7.4% in January; food prices, including vegetables, fell during March

Startups with up to Rs 100-million investment to get tax concession

Startups also enjoy income tax benefit for three out of seven consecutive assessment years

GST isn't unfixable, I wouldn't give up hope at this point: Raghuram Rajan

On demonetisation, Rajan rejected the claim that the Reserve Bank of India had not been consulted by the govt

Early signs of execution snags hit Nitin Gadkari's road ministry

Of 107 road projects that are delayed, 19 were awarded post-May 2014

PM Modi puts inflation goals at risk in a bid to meet farm pledges

Pulses and rice are among crops that are eligible for the minimum support price announced by Modi's administration

Demonetisation effect: Microfinance NPAs remain elevated in many states

Another cause can be traced to the loan waivers announced by these state governments

What's behind surging bond yields and how it's upsetting govt's fiscal math

For current financial year, govt plans to borrow Rs 2.88 trillion in the first half of 2018-19, out of Rs 6.05 trillion planned for entire year

60% of India's GDP to come from AI, other digital services by 2021: Study

'India is clearly on the digital transformation fast track,' says Anant Maheshwari, president, Microsoft India

Soon, you may have to pay highway toll based on distance actually travelled

Geo-fencing to map vehicle route; pilot run expected on Delhi-Mumbai highway

Axis Bank sells part of Echanda Urja loans to IREDA, Central Bank

With this, Axis Bank has reduced its exposure in Echanda Urja by Rs 2 billion to below Rs 3 billion

Cannot cross thin line to impinge on freedom of forces: Nirmala at Defexpo

Sitharaman said she could only tell the Indian armed forces to procure from indigenous companies "as much as possible"

Govt asks oil retailers not to raise petrol, diesel prices: Sources

Companies including IOC, Bharat Petroleum and HPCL will have bear a loss of up to Rs 1 per litre on sale of diesel and gasoline

PM Modi bats for responsible energy pricing by oil producing countries

At the 16th International Energy Forum, he said that artificially distorting the price was self-defeating

Govt relaxes rules for Coal India to ease coal-bed methane extraction

Till now, Coal India had to apply to oil ministry for a licence to extract CBM from its coal blocks

Global oil demand not to peak soon, India vulnerable to high prices: IEA

Very high prices are not good for oil producers either as it can create serious challenges for them, IEA Executive Director Fatih Birol said

Saudi Aramco to take 50% stake in India's Rs 3-trn West Coast refinery

Saudi Arabia has traditionally been India's largest oil supplier, but in April-Jan period in 2016-17, Iraq replaced it

How would Aadhaar curb hawala transactions and money laundering: SC

The advancing of arguments on behalf of UIDAI remained inconclusive and would resume on Thursday