Page 2721 - Economy & Policy News

Govt tells IAF to consider Boeing's F-18 Super Hornets for $16 bn order

"The IAF wants the RFI issued within weeks and get the process started," said a source. ''The problem is that government keeps shifting what it wants," he added

Indian export subsidy hurting American firms: US complains at WTO

According to the Indian government documents, thousands of Indian companies are receiving benefits totaling to over $7 billion annually from these programs

Centre to amend solar bid rule to allow import duty hike pass through

A Parliamentary panel has also questioned the proposed 70 per cent safeguard duty on solar equipment saying there is no valid ground for it and would affect the viability of existing projects

CBI probing central bank guidelines on letter of undertakings tenure

The RBI guidelines on validity of LoUs for the gems and jewellery sector is a bone of contention for bankers involved in the Rs 127-billion scam reported by PNB

Scorching summer may hit water supply and fodder, spare rabi crop: Experts

Weathermen foresee spike in heat waves; cyclonic storm likely in coastal Tamil Nadu, Kerala and Lakshadweep

Larry Kudlow to replace Gary Cohn as Trump's economic advisor

Kudlow, an informal advisor to Trump's 2016 presidential campaign, had criticised the president's decision last week to place steep tariffs on imports of steel and aluminum

India's real estate sector to reach $180 billion by 2020, says report

Regulatory reforms, steady demand generated through rapid urbanisation, rising household income and the emergence of affordable and nuclear housing are some of the key drivers of growth for the sector

Income tax department asks 10 PSU firms to pay more tax

Firms such as SBI and ONGC may be asked to meet shortfall

PNB scam: ED seeks Interpol arrest warrant against Nirav Modi, Mehul Choksi

The agency is understood to have sent the request to the CBI for taking it up with the Interpol headquarters in Lyon, France

Drones, helicopters to create billion air trips in India soon: Jayant Sinha

Minister's comments come on the heels of a spate of flight cancellations, due to grounding of planes with A320 neo engines

Wholesale inflation eases to 2.48% in Feb; food, fuel prices up marginally

Wholesale eggs, meat & fish inflation at -0.22% against 0.37%

Indian economy to grow at 7.3% in FY19 and 7.5% in FY20: World Bank

The investment rate, as represented by the gross fixed capital formation, stood at 7.6 per cent in 2017-18, growing from a low of 1.6 per cent in 2013-14

Increase retirement age of SC judges to 67, HC judges to 65: Parl panel

The panel expressed concern over a large number of vacancies of judges in the high courts

Govt approves Rs 64.41 bn road projects under SARDP programme for Nagaland

The statement said the land for these projects is being provided by the state government and these road stretches pass through landslide-prone region

US challenges Indian export subsidies saying they hurt US manufacturers

These export subsidy programmes harm American workers by creating an uneven playing field on which they must compete," Lighthizer said in a statement

Hindustan Unilever's GST benefit deposit offer to govt touches Rs 1.55 bn

Out of Rs 360 million for January, a significant portion include benefits accrued on stocks

Rationalisation of coal supply to thermal power plants saved Rs 33 bn: Govt

The task force recommended rationalisation of existing sources on case to case basis for 19 thermal power plants of PSUs

India needs 8% growth for 30 years to join middle-income group: World Bank

Junaid Ahmad, country director of the World Bank, said the bank planned to lend $20 billion to $25 billion to India in the next five years

As Angela Merkel begins new term, compromises could undo economic boom

The power-sharing agreement gives the Social Democrats more influence over policy than in their previous coalition, which ruled until elections last year

Revise GST, impose anti-dumping duty to boost textile sector: Parl panel

It observed that against the Textile Ministry's proposed outlay of Rs 101.09 billion during the year 2018-19, the Ministry of Finance have approved Rs 71.47 billion only