Page 2762 - Economy & Policy News

Govt to auction 60 small oil, gas fields with potential of 194 mn tonnes

The government is estimating generation of 88,000 direct and indirect jobs through the investments in these fields

Government considering tax benefits for scrapping 15-year old vehicles

The policy, likely to be called the Voluntary Vehicle Fleet Modernisation Programme, is expected to push 28 million vehicles off the roads

FinMin, RBI to finalise roadmap for MSME bad loans by March: Giriraj Singh

On the online lending to MSMEs, the minister said a trial run conducted for Prime Minister's Employment Guarantee Programme was successful

New Ministry of Defence committee will push capital projects worth Rs 5 bn

The committee will be chaired by Vinay Sheel Oberoi, who retired earlier this year as secretary for higher education

Govt fixing sugar release quota for mills to arrest falling prices

Move comes days after govt doubled import duty on sugar to 100%, from existing 50% to check cheap imports from Pakistan

RBI monetary policy committee: Relief for MSMEs hit by GST transition

Bankers welcomed the move saying this extension would benefit both MSMEs

Don't charge the 8% GST from affordable housing buyers: Govt to builders

Finance Ministry said builders can levy GST on buyers of affordable housing projects only if they reduce the apartment prices after factoring in the credit claimed on inputs

Govt to auction 60 small oil, gas fields with potential of 194 mn tonnes

India's previous auction of discovered small fields in 2016 was dominated by small Indian bidders

High tide for 300 dry ports: commerce ministry plans infra overhaul

Exercise will involve comparative assessment of laws governing ICDs, their funding patterns and subsidies, with international best practices

Govt plans largest ever spectrum auction of 3,000 Mhz of radio waves

Nearly 60% of the radiowaves, including premium 4G bands, remained unsold in that 2016 auction

Solar, wind power tariffs may dip below Rs 2 per unit in 2-3 yrs: Sterlite

During 2017, solar power tariff hovered around Rs 2.40 per unit only in auctions for capacities, where viability gap funding component was there, Sterlite Power CEO Ved Tiwari said.

There is practically no manipulation in calculating GDP, says govt

According to the first advance estimates of GDP for 2017-18, the growth is pegged at 6.5%

'Over 302 infra projects worth Rs 1.5 bn delayed; cost overrun at 1.4 trn'

Govt told the House that a standing committee in each ministry has been set up for fixation of responsibility for time and cost over-runs

Urjit Patel cites 5 levies on capital. Does he want LTCG tax scrapped?

'The taxation on capital in India is from several sources and I think that then at the marginal rate, it adds up'

GST on tickets to amusement parks lowered to 18% with effect from Jan 25

Exemption threshold for admission tickets to circus, dance and theatrical performances has been doubled to Rs 500

Flexi-benefits find more takers among employers, employees: TeamLease study

Only 10-15% of salary, flexi-benefits carry perceived value of 42% of package for employees

India's tea exports hit 36-year high, reach at 241 mn kg in 2017

Exports from north India touched 148.41 million kilograms, while that from south India was 92.27 million kilograms

RBI monetary policy LIVE: RBI keeps repo rate at 6%, flags inflation risks

RBI sees pick in credit growth due to bank recapitalisation and resolution proceedings under IBC

RBI warns Budget 2018 may feed inflation as rates left on hold

Five on the six-member monetary policy committee voted for the decision, with one seeking a hike

Supreme Court cancels all iron ore mining permits in Goa

The latest ban is a blow for companies such as Vedanta Resources that have mines in the state