Page 2768 - Economy & Policy News
India Inc announced M&A deals worth $54.7 bn in 2017, says report
The $12.7 billion Idea Cellular-Vodafone India deal was the largest transaction in 2017
 "India Inc announced M&A deals worth $54.7 bn in 2017, says report")
MSMEs get a boost: Jaitley launches India's first sentiment index CriSidEx
CriSidEx will have two indices, one for the survey quarter and another for the next quarter once a trend emerges after few rounds of the survey
 "MSMEs get a boost: Jaitley launches India's first sentiment index CriSidEx")
India on course for 8% plus GDP growth, but not double digits: DEA secy
In his Budget 2018 speech, FM Arun Jaitley said India is firmly on course to achieving over 8% growth and becoming the world's fifth-largest economy
 "India on course for 8% plus GDP growth, but not double digits: DEA secy")
Budget 2018: Don't overreact to bond mkt with rate hike, Assocham tells RBI
It said the concerns over the minimum support price (MSP) leading to increase in retail inflation are 'exaggerated'
 "Budget 2018: Don't overreact to bond mkt with rate hike, Assocham tells RBI")
After China, India saw most super-rich citizens leaving the country in 2017
According to the report by New World Wealth, 7,000 ultra-rich Indians shifted overseas in 2017
 "After China, India saw most super-rich citizens leaving the country in 2017")
Budget 2018 not 'populous', Delhi pollution scheme lacks substance: SANDRAP
The recently released Economic Survey had called the national capital one of the unhealthiest cities in the world in terms of air pollution
 "Budget 2018 not 'populous', Delhi pollution scheme lacks substance: SANDRAP")
Bribery racket: CBI nabs GST commissioner, 8 others for aiding tax evasion
The bribes were collected either in the form of cash or costly items like refrigerators, television sets, and mobile phones which were delivered to the commissioner's residence in New Delhi
 "Bribery racket: CBI nabs GST commissioner, 8 others for aiding tax evasion")
Budget 2018: More money in TuF scheme to stoke investment in textile sector
There is a 14 per cent increase in the allocation at Rs 23 billion for 2018-19
 "Budget 2018: More money in TuF scheme to stoke investment in textile sector")
Budget 2018: Centre allocates Rs 108 bn to Department of Space for R&D
The allocation includes about Rs 89.63 billion for various space-related projects of the department, and also the targets to be achieved in the next fiscal year
 "Budget 2018: Centre allocates Rs 108 bn to Department of Space for R&D")
Tamil Nadu, Karnataka gear up after Centre clears defence corridor
Defence Minister Nirmala Sitharaman said the corridors would give a "big boost" to defence production and pave the way for setting up the first Defence Production Corridor in Tamil Nadu
E-way bill mess: Goods stop on tracks, transporters wary of field officers
Of the 400 trucks that carry textiles from Surat every day, only 15-20 moved on Saturday
 "E-way bill mess: Goods stop on tracks, transporters wary of field officers")
MSMEs to lead current consolidation phase of economy: Arun Jaitley
Jaitley further said the health of the sector is extremely vital to the economy and with a number of steps taken there is an increased integration of the sector into the formal economy
India, World Bank ink $375 mn deal to help develop country's first waterway
The project would facilitate the Inland Waterways Authority of India (IWAI) to put in place infrastructure and navigation services needed to develop the waterway
 "India, World Bank ink $375 mn deal to help develop country's first waterway")
Only 6-8% of total claims for pre-GST stocks are ineligible: FM Jaitley
The finance ministry is verifying the figures for transitional credit to be given to assessees under the GST
 "Only 6-8% of total claims for pre-GST stocks are ineligible: FM Jaitley")
India-US trade estimated to touch $140 bn in 2017, says USISPF survey
Official figures of annual bilateral trade are yet to come, but the USISPF estimates are based on its own research and surveys
 "India-US trade estimated to touch $140 bn in 2017, says USISPF survey")
Global Investors' Summit: Assam gets Rs 651.86 billion investment
Among private players, RIL Chairman and MD Mukesh Ambani announced an investment of Rs 2,500 crore in Assam in various sectors, including retail, petroleum, telecom, tourism and sports
 "Global Investors' Summit: Assam gets Rs 651.86 billion investment")
Northeast is at heart of Act East policy: Modi at Global Investors' Summit
The Prime Minister also mentioned the new policy launched in the Union Budget to restructure the National Bamboo mission that has been welcomed in the bamboo-rich northeast
 "Northeast is at heart of Act East policy: Modi at Global Investors' Summit")
Budget 2018 allocates Rs 89.6 bn to Dept of Space for satellite launches
Centre seeks to attain self-sufficiency in launch vehicles, for disaster control, mapping natural resources
New Manchester-India Partnership set up in UK to expand trade opportunities
The public-private initiative between India and Manchester has been termed as the Northern Powerhouse in Britain
 "New Manchester-India Partnership set up in UK to expand trade opportunities")
Modicare to cost Rs 100 bn, states may baulk at new health insurance scheme
The NITI Aayog estimated that the new health insurance scheme would cost around Rs 60 billion in the first year
 "Modicare to cost Rs 100 bn, states may baulk at new health insurance scheme")