Page 2757 - Economy & Policy News

Today the general insurance market is very fragmented, says K Sanath Kumar

Sanath Kumar tells Namrata Acharya that general insurance firms will now have to reprioritise its strategies

Panel on cryptocurreny expected to submit report within the next two months

While cryptocurrencies are illegal, the government and regulators are aware of the need to set the template for a cashless future

GST law: Who are the persons eligible to opt for composition scheme?

The GST law provides an option to a supplier of goods having an annual aggregate turnover not exceeding Rs10 million to opt for payment of GST under composition scheme

Changing import landscape: India Inc shops abroad for cheap, better coal

Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12

Statsguru: MPC holds interest rates; inflation expectations also firm up

The decision to maintain the status quo was made against the backdrop of the retail inflation rate, measured by CPI, rising for the sixth consecutive month in December

How the oil phenomenon played out under the NDA regime

In 2016-17, while the fiscal deficit was reined in at Rs 5,356 billion, revenues from excise duties rose to Rs 3,223 billion.

Banks opposed to changes in MCLR calculation: Reserve Bank of India

The banks proposed, that more "ideal benchmark could be constructed based on deposit rates of the banking system as a whole".

ONGC Videsh acquires 10% stake in UAE offshore oilfield for $600 million

This is the first time any Indian company has set foot in the oil-rich United Arab Emirates

With $950-bn wealth, Mumbai only Indian city among world's top 15 richest

Mumbai, also features among the top 10 cities in terms of billionaire population. The city is home to 28 billionaires, individuals with $1 billion or more in net assets

Flight of risk capital: GVA growth likely to fall in second half of 2018-19

So far, domestic institutions have been net buyers. But if there are redemption pressures, this could change

Inflation to moderate to 5% in January: Morgan Stanley report

Morgan Stanley sees improvement in both inflation and trade deficit numbers in January

With 25% cap, Maharashtra's tur procurement drive may face trouble

However, the move is being objected by farmers claiming it was an injustice towards them

Lucknow to float municipal bonds of Rs 1 billion to fund infra projects

A municipal bond is debt security issued by a municipality to finance capital expenditure

MSMEs to be growth engine of new India, Modi govt working on this: DFS Secy

Finance Minister Arun Jaitley in his Budget speech lowered the corporate tax rate to 25 per cent from 30 per cent for companies with a turnover of up to Rs 2.5 billion

In Modicare, Philips sees 'sense and simplicity', aims to rule PPP space

Presently, Philips India is operating 36 PPPs in different tier II and III cities

Smart Cities Mission: Maharashtra gets biggest share of Rs 99-bn allocation

The release of funds depends on certain conditions, including satisfactory physical and financial progress indicated by utilisation certificate that the cities have to submit to the ministry

'Even the poor agree note ban was a great move': Modi tells diaspora in UAE

Modi also thanked the UAE for providing almost 30,00,000 people from India a home like environment, away from home

More jobs this year? India Skill report pegs 2018 hiring growth at 10-15%

The survey was jointly conducted by HR technology solutions company PeopleStrong, skill assessment firm Wheebox along with Pearson, CII, AICTE, United Nations Development Programme and AIU

Modicare rollout modalities: Finance, health ministries to discuss in Feb

The health ministry will draft the scheme, which is likely to be launched either on August 15 or October 2, after consultation with states

Modi discussed defence with Palestine, says foreign secy, gives no details

The Foreign Security also underscored that India does not have any specific defence cooperation with Jordan by far