Page 2740 - Economy & Policy News

PM Modi wants to make AI work for India: We need a cogent policy for that

India needs to wake up before it's too late and formulate a cogent policy for innovation in artificial intelligence

PNB scam fallout: Govt is revisiting plans of a bank-holding company

Such a company will hold the Centre's entire stake in PSBs and raise capital for them

GST: What happens if person files return but doesn't make payment of taxes?

Under the GST law, the filing of return without payment of taxes shall not be considered as a valid return

Govt leans on IIFT, ICAI to improve World Bank's 'Doing Business' ranking

As per the latest World Bank's Doing Business ranking, India's position improved by 30 places to 100th

Banks struggle with farm loan target due to waivers, may lean on PSL certs

But they may achieve overall priority sector lending norms, as corporate loan growth has been slow

E-way bill may be relaxed for e-commerce players if orders are small

It is not clear if separate e-way bills for multiple orders are required if the same vehicle carries the consignments

Navy agrees to buy four Russian frigates for $3 bn

The navy's medium term plans envisage increasing warship strength from the current 140-odd, to 198 warships by 2027

Govt in future may auction coal mines only for commercial use: Coal secy

It will only allow to auction mines for commercial use to private as well as foreign companies with a view to boost domestic production and cut imports

Taxmen asked to step up collections to meet Rs 10.05 trillion target

The focus areas for stepping up tax collection will be to follow up with entities currently giving taxes on the basis of self-assessment

70% IGST refunds stuck due to flawed claims furnished by exporters: CBEC

CBEC has asked exporters to amend the details in the final returns of subsequent month to enable the department to process the refund claims by March

High vessel-related charges, smaller draft make rate regime at ports sticky

With deeper draft and pricing flexibility, Port of Colombo still tough competitor for trans-shipment cargo

Better fund flow boosts margins in highways' hybrid-annuity model projects

A highway contract that earlier took 24 months for completion is being completed in about 14 months

Millennials redefining the consumer story in India, says report

Savings account for 10 per cent of the overall or any incremental income

Statsguru: India Inc's revenue growth perks up in Q3FY18

Employee costs have grown by 7.6% in Q3FY18, up from 6.6% in the previous quarter

Data Tracker: India is far away from being a cashless economy, says survey

Payments banks, which offer electronic remittances, financial advisory, online banking and more, offer immediate value to unbanked consumers

Suresh Prabhu calls for changes in WTO to transform global economy

The minister says the global trade has benefitted all the nations in terms of creation of jobs and promoting economic activities

Vijayawada-Amaravati hyperloop in Andhra might just be country's first

Hyperloop involves a futuristic and technology-intensive transportation system that propels a pod-like vehicle through a near-vacuum tube at nearly 1,100 km per hour

Retaining Air India employees will diminish its bid value, says Celebi

Celebi's CEO for India, Murali Ramachandran, explained that there are other areas that the company needs a clarity on, such as Air India's future value

PM Modi's Mudra scheme fails to attract women seeking loans for small biz

Since 2015-16, 75.5 million loans had been sanctioned to women as of Dec 22, 2017, finance minister Arun Jaitley told in the Lok Sabha on Jan 5. As of Jan 26,106 million loans had been sanctioned

Q4 GDP estimates, manufacturing PMI, rupee movement to dictate market trend

Over the last week, the Sensex recorded 131.39 points, or 0.38%, rise; while Nifty gained 38.75 points, or 0.37%