Page 2714 - Economy & Policy News
Cabinet approves Modicare with budgetary support of Rs 160 bn for 2 years
Also gives nod for National Health Mission to complement insurance scheme
 "Cabinet approves Modicare with budgetary support of Rs 160 bn for 2 years")
TCIL to set up subsidiary in US with $5 million investment
The Union Cabinet has approved the formation of C Corporation in the state of Texas with authorisation for registering in other states
 "TCIL to set up subsidiary in US with $5 million investment")
Rashtriya Uchchatar Shiksha Abhiyan budget hiked four times to Rs 96 bn
Rusa aims to increase enrollment in higher education by 30 per cent
 "Rashtriya Uchchatar Shiksha Abhiyan budget hiked four times to Rs 96 bn")
Govt shuts down diaspora funds, to open 18 new missions in Africa
The new mission will be set up over four years, starting this year
 "Govt shuts down diaspora funds, to open 18 new missions in Africa")
Capacity utilisation up in select sectors; may lead to investment revival
A gauge of capacity utilisation is also provided by the RBI data on working capital loans
 "Capacity utilisation up in select sectors; may lead to investment revival")
India's focus on food stockpiling gets cautious support from other nations
The mini ministerial had been called by India to 'break the ice' after the Argentina meet saw nations hardening their positions on key agricultural issues
 "India's focus on food stockpiling gets cautious support from other nations")
US slaps anti-dumping duty on steel wire imported from India, China
President Donald Trump had imposed heavy tariffs on imported steel and aluminium which he said were necessary to boost the US industry suffering from "unfair" business practices
 "US slaps anti-dumping duty on steel wire imported from India, China")
CBDT invites suggestions from general public for new Direct Tax Law
A task force has been constituted to review the Income-tax Act, 1961 and to draft a new Direct Tax Law in consonance with the economic needs of the country
 "CBDT invites suggestions from general public for new Direct Tax Law")
Extending fixed term employment to all sectors to boost job creation: Ficci
The government has extended the facility of hiring workers on fixed term employment to all sectors for improving the ease of doing business
 "Extending fixed term employment to all sectors to boost job creation: Ficci")
Armed forces demanded Rs 1.60 trn, but granted only Rs 834.34 bn in budget
The three forces are unhappy over inadequate allocation of resources, particularly for buying new weapons and platforms when the challenges on the borders with China and Pakistan were gro
 "Armed forces demanded Rs 1.60 trn, but granted only Rs 834.34 bn in budget")
Govt sources refute Vinod Rai's claim, say FM met him on several occasions
On Monday, Rai had alleged communication breakdown between FinMin and BBB; FM likely to respond soon
 "Govt sources refute Vinod Rai's claim, say FM met him on several occasions")
Modicare gets budgetary support of Rs 852 bn: All you need to know about it
Ayushman Bharat scheme, launched during recent Union Budget, has the benefit cover of Rs 500,000 per family per year
 "Modicare gets budgetary support of Rs 852 bn: All you need to know about it")
No plan to increase retirement age of employees from 60 to 62 years: Govt
There are about 4.8 million central government employees
 "No plan to increase retirement age of employees from 60 to 62 years: Govt")
Note ban went down well with rural India amid urban skepticism: NRN
Murthy said he himself could not understand the logic behind the demonetisation move since he is not an expert on the subject
 "Note ban went down well with rural India amid urban skepticism: NRN")
US anti-dumping duty hike on Vietnam shrimps to hurt Indian exports
According to preliminary reports, the US has raised the duty by 25.39% from 4.8% last year
 "US anti-dumping duty hike on Vietnam shrimps to hurt Indian exports")
Fleeing billionaires push Modi government to ground alleged defaulters
"We can't allow people to make a mockery of the law," Finance Minister Arun Jaitley said
 "Fleeing billionaires push Modi government to ground alleged defaulters")
Indian firms most concerned about rising protectionism: HSBC Report
90% of Indian firms surveyed feel the govt is trying to protect the economy; many fear it will erode their traditional global markets such as US
 "Indian firms most concerned about rising protectionism: HSBC Report")
Development is best contraceptive: 2-child policy won't help India's Vikas
Are urgent and aggressive steps to control population required for India?
 "Development is best contraceptive: 2-child policy won't help India's Vikas")
Work at a call centre? New US Bill may spell doom for your job: Here's how
Americans lose around $1.5bn to tech-support scams every year; 86% of them originate in India
 "Work at a call centre? New US Bill may spell doom for your job: Here's how")
600 railway stations may bear the stamp of India's top architects soon
Hafeez Contractor, Kukreja roped in; 11 architects to be empanelled
 "600 railway stations may bear the stamp of India's top architects soon")