Page 2709 - Economy & Policy News

Mumbai's office realty market sees a surge in deals of over Rs 1 bn apiece

Mannapuram Finance, Mahindra and Bharti Axa are some of the firms known to have bought office spaces worth more than Rs 1 billion

Government banks on non-tax revenue bump to meet fiscal target

The government will have to have a fiscal surplus of Rs 1.2 trillion in March to contain fiscal deficit at Rs 5.9 trillion

Bharatmala projects may put Rs 194.35 bn debt at risk: Icra report

25 NH road projects likely to face direct competition from new economic corridors

CAG red flags Air India's FY 17 accounts, says loss understated by Rs 35 bn

The government auditor's report is a part of the airline's FY 2017 accounts which was tabled before the Parliament on Wednesday

Jute industry to incur Rs 3 billion loss on major cut in bag prices

With this, govt agencies will buy sacking bags meant for food grains and sugar at 5-7% lower than industry average

Sugar export incentives not to benefit mills due to sharp decline in prices

The government in two separate notifications on Wednesday allowed sugar mills to export up to 2 million tonnes of sugar till September 2018 under the Duty Free Import Authorisation (DFIA)

Govt extends deadline for claiming transitional credit to June 30

Accordingly the GSTR-1 for April will have to be filed by May 31, while that for the month of May by June 10. For the month of June, it has to be filed by July 10

The man who foresaw 2008 US crash has solution for India's bad bank problem

India, which heavily depends on oil imports, could see impact on core inflation in short term, says Roubini

In a first, Modi govt will now grant LTC for railway employees too

If the railway employee has already availed of a Privilege Pass, then LTC will not be allowed in that year

Gujarat's debt rises by 46% to Rs 2.43 trillion in 2016-17, says CAG

The debt of the state increased from Rs 1.66 trillion in the year 2012-13 to Rs 2.43 trillion in 2016-17, CAG said in its report

GST, note ban done; India can now propel to higher growth: Subramanian

Indian economy is estimated to grow at 6.6 per cent in the current fiscal, lower than 7.1 per cent recorded in 2016-17

GST Council decides to exempt 24 insurance schemes for reinsurance

The proposal to exempt reinsurance schemes was recommended by the Fitment Committee and was approved by the GST Council on January 18

After Khadi, Uttar Pradesh to replicate solar energy model of Gujarat

UP targetting 10,700 megawatt of solar energy in 4-5 years

Now, corrupt bureaucrats will be denied clearance for passport, says govt

Civil services officers need vigilance clearance for obtaining an Indian passport

Chinese Oranges and Indian Apples: A tale of two trade statements

There is little in common between the official statements of India and China after recent trade talks

Govt of China wants investment treaty, more industrial parks in India

India's earlier Bilateral Investment Treaty with China had been terminated by India in 2016

Govt hopes to create 10 mn jobs by bearing entire 12% of pension incentive

Since the launch of scheme in August 2016, Pradhan Mantri Rojgar Protsahan Yojana (PMRPY), as many as 30 lakh workers have already benefited

Air India privatisation: Big bonanza coming for employees; top 5 updates

The latest offer will include Rs 333 billion ($5.1 billion) of debt that the buyer will have to take over, with the balance going to the government

Fiscal deficit will be within 3.5% of GDP, says Economic Affairs Secretary

Economic Affairs Secretary Subhash Chandra Garg said the CGA data was only till February-end and that the latest numbers available till March 28 "are very close to revised estimates"

Air India sale: New owners inherit planes, prime slots and $5 bn of debt

Bid document offers 76% stake in cash-strapped flag carrier