Page 2732 - Economy & Policy News

Govt's tax hike to cut palm oil imports, boost soyoil, sunflower oil buying

Lower imports by such a major buyer could also weigh on prices for producers of palm oil

Merchandise exports must grow 27% CAGR to capture 5% world mkt: ex-advisor

Former FinMin advisor H A C Prasad says India's current share is a miniscule 1.7%, suggests policy changes to get to 5%

0.02% new cars are electric: What govt must do to reach all-electric goal

Just 0.02% (4,800) of all new cars sold in India in 2016 were electric

Trade wars to Brexit: Merkel's real work starting now with fourth term set

Merkel, 63, is expected to comment publicly on Monday on the Social Democratic Party's vote to join her for another coalition

India's services industry contracts in Feb as inflation hits demand: PMI

The seasonally adjusted Nikkei India Services Business Activity Index fell from 51.7 in January to 47.8 in February, its lowest level since August.

FinMin likely to share details of 80:20 gold import scheme with PAC

The rule was scrapped in November 2014 after the NDA came to power

Banks to bear extra cost due to 18% GST on priority lending certificates

Banks have to give 40% of net lending to priority sector such as agriculture, micro enterprises, weaker sections, etc

Rent on electricity meter comes under GST, move may draw criticism

The department also clarifed that retreading of tyres is a service, against the popular notion that it is both goods and services

GST: Govt in a fix over HUL's Rs 1.19 bn offer under anti-profiteering rule

HUL waited for neither; it did the calculation on its own and, in effect, told the government it was penalising itself

Google, Facebook offensive pushes out fintech, e-commerce players in India

While Google has market capitalisation of almost $753 billion and Facebook commands one of $515 billion, it is the wealth of user data they have that one fears

Tardy allocation of money to ministry for northeastern states

Actual allocation remained more or less stagnant in 2011-12 and 2012-13, compared to the previous years

India to retain its position as fastest growing economy: Arun Jaitley

Jaitley further said the student community, despite living in the midst of a disturbed environment, excelled academically

Statsguru: The anatomy of India's GDP growth

The recovery is being widely attributed to the disruptive impacts of the goods and services tax lessening over time

India 12th largest overseas holder of US securities in 2017 at $147.4 bn

In 2017, neighbouring China was the largest holder of US government securities with holdings to the tune of $1.18 trillion, followed by Japan at $1.06 trillion

359 infrastructure projects show cost overrun of Rs 2.05 trillion: Report

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 1.5 billion and above

Bumpy ride ahead for Mumbai's BEST buses as losses mount to Rs 9.9 billion

BEST is struggling to pay salaries to its over 40,500 staffers and it had to borrow from banks to make the payments

How Maldives slipped away from India's hug and shook hands with China

While military intervention is not the preferred option, it is an available one that the Maldives needs to be made aware of

As Kabul prefers New Delhi over Islamabad, Pak loses half of Afghan market

Pakistan's trade with Afghanistan fell to USD 1.2 billion from USD 2.7 billion within in the last two years

New drug investments return to Gujarat as tax sops fade after GST

GST regime allocates budgetary support for existing industrial units in hill states till 2027 but greenfield units will not benefit

Not ditched Tejas jet, looking to speed up production: Nirmala Sitharaman

Sitharaman also said the government was eagerly awaiting the 'Mark II' version of the Tejas