Page 2725 - Economy & Policy News

Aviation industry braces for Brexit with CEOs divided on fallout

The dissonance suggests some carriers sense the possibility of a Brexit accord would prevent hassles for tens of millions air travelers while ushering Britain, out of the European aviation market

EU, Japan seek exemptions from Donald Trump's tariffs on steel and aluminum

EU and Japan, United States' top economic and military ally in Asia, also reiterated that their exports were not a threat to US national security, rejecting Trump's justification for imposing tariffs

PM Modi calls for concessional, less-risky financing for solar projects

Modi, the chief architect of ISA that seeks to bring together 121 nations, presented 10 action points including making affordable solar technology available to all nations

India seems to be on way to recovering from demonetisation disruptions: IMF

India's economy has expanded strongly in recent years, thanks to macroeconomic policies that emphasise stability Tao Zhang, Deputy Managing Director of IMF said.

'Powerful' UP govt is top defaulter with Rs 100-bn power dues

UP has also topped the list of the state governments, whose departments owe massive power dues

Centre to get Rs 80.44 bn of dividend from Coal India

The government holds 78.55 per cent of share in the company and the rest is public shareholding

Centres asks all govt offices, PSUs in NCR to switch to electric vehicles

Energy Efficiency Services Ltd, a joint venture of PSUs of power ministry, has placed an order for 10,000 electric vehicles

Housing sales higher than new supply in last 2 years in seven cities: JLL

Housing sales were higher than the new launches in six quarters but were lower in last two quarters

Need $1 trn to achieve 1 TW solar power capacity by 2030: Emmanuel Macron

Macron lauded India for showing the world the way in scaling up solar power generation capacity

Govt to invest Rs 50 bn in Food Corporation of India in 2 years: Parl panel

The Corporation would further raise Rs 320 billion through government-guaranteed bonds

ISA summit 2018: Modi presents 10-point action plan to promote solar energy

Modi also called for a strong and professional ISA Secretariat located in Gurugram

PMO calls top officials' meet on Monday to discuss GST refunds to exporters

CBEC has sanctioned Rs 40 billion worth refunds to exporters in four months since October

NHAI looks to build 1,100-km highways in March to meet FY18 target

The average length of road projects awarded by NHAI in the last 5 years was 2,860 km, with 4,335 km awarded in 2016-17

E-way bill roll-out from April 1; no decision on GST return simplification

The GST e-way bill, to track the inter-state movement of consignments worth over Rs 50,000, will be rolled out on April 1, two months after the first attempt to introduce it

The better debtor? Decline in default on credit given to women-led groups

NPAs as a percentage of total loans given to women-led SHGs in January 2018 dropped to 2.55% from a high of almost 26% before bank linkages were introduced under NRLM around 2013

Tax relief for exporters struggling to secure refunds for six months

Central Board of Excise and Customs Chairperson Vanaja N Sarna said exporters had made errors while filing refund claims. The payments solution the authorities are mulling is an e-wallet

Modi, Macron ink 14 pacts to boost India-France ties; cos sign $16-bn deals

Agreements cover security, nuclear energy, urban development and the railways

US tariff decision 'unfortunate development', says Suresh Prabhu

US President Trump signed two proclamations that levied a 25% tariff on steel and a 10% tariff on aluminium imported from all countries except Canada and Mexico

India braces for Donald Trump's reciprocal tax, may fight it in WTO

India's decision to raise import duties as announced in the last Budget was within the rates, according to Das

French firm announces completion of first all-electric locomotive on time

The first locomotive is part of a Rs 3.5 billion order for 800 electric double-section locomotives, signed in 2015, part of the Ministry of Railways' public-private partnership programme to modernise