Page 2776 - Economy & Policy News
After declining for two months, GST mop-up rises 7% at Rs 867 bn in Dec
Total collections under GST in November had slipped for the second straight month to Rs 808.08 bn
 "After declining for two months, GST mop-up rises 7% at Rs 867 bn in Dec")
India seeing inflows worth $28 trn into financial savings: Kochhar at WEF
Mobile banking transactions have almost doubled to nearly 150 million in October 2017 as compared to over a year back
 "India seeing inflows worth $28 trn into financial savings: Kochhar at WEF")
Uttar Pradesh farm credit estimated at Rs 2.37 trillion in 2018-19
UP farm credit potential up 15% compared to FY18
 "Uttar Pradesh farm credit estimated at Rs 2.37 trillion in 2018-19")
Veg capsules: Expert panel against replacement of gelatin with cellulose
The panel has reportedly also nixed the proposal to label capsules with red and green dots to indicate their origin in the interest of the patients
 "Veg capsules: Expert panel against replacement of gelatin with cellulose")
India-Asean summit: Modi, leaders to discuss naval drill & key developments
On Thursday evening, PM Modi and Singapore PM Lee Hsien Loong will deliver the opening remarks at the summit's plenary session
 "India-Asean summit: Modi, leaders to discuss naval drill & key developments")
With 3% cargo traffic growth, ports prepare to meet FY18 target volumes
Mumbai Port turns agile, Paradip takes to innovation
 "With 3% cargo traffic growth, ports prepare to meet FY18 target volumes")
Union Budget 2018: In first 8 months of FY18, states have gone slow on capex
An analysis of 17 state govt accounts reveals that 9 states have so far spent only 36% of budgeted capital expenditure in April-Nov 2017, compared with 47% in the same period the previous year
 "Union Budget 2018: In first 8 months of FY18, states have gone slow on capex")
Budget 2018: Centre earmarks Rs 10 bn for fixing Delhi-NCR's pollution woes
The budgetary allocation aims to subsidise the purchase of machinery by farmers in a bid to curb stubble burning
 "Budget 2018: Centre earmarks Rs 10 bn for fixing Delhi-NCR's pollution woes")
Maharashtra govt bans sale of tobacco at shops selling FMCG products
The Union government had directed state governments to enforce a ban on sale of tobacco at outlets which also sell Fast Moving Consumer Goods
 "Maharashtra govt bans sale of tobacco at shops selling FMCG products")
Tesla to Uniqlo: 10 foreign brands to benefit from new FDI rules in retail
Relaxed rules have given a push to foreign direct investment inflows into India, which rose 17 percent in April-September to $21 billion from a year ago
With eye on China, India and Vietnam enhance ties; sign I&B, space pacts
During Modi's visit to Vietnam in Sept 2016, the India-Vietnam relationship was upgraded to Comprehensive Strategic Partnership
 "With eye on China, India and Vietnam enhance ties; sign I&B, space pacts")
Asean Summit: India plans closer SE Asia maritime ties to counter China
PM Modi has invited the leaders of all 10 Asean nations to join him in the Republic Day celebrations on Friday in the biggest ever gathering of foreign leaders at the parade
 "Asean Summit: India plans closer SE Asia maritime ties to counter China")
Recapitalisation plan: Govt to inject nearly $14 bn into PSU banks by March
IDBI Bank, the lender with the highest stressed-loan ratio, will get the biggest chunk of the money at 106.1 billion rupees
 "Recapitalisation plan: Govt to inject nearly $14 bn into PSU banks by March")
Udan-II: Kargil, Darbhanga and Pakyong to get flights and other highlights
Udan-II will connect 43 airports and helipads in priority sectors like the northeast and the hill states
 "Udan-II: Kargil, Darbhanga and Pakyong to get flights and other highlights")
Weak banks to get lion's share of Rs 881-bn recapitalisation bonds
Govt sets strict terms for banks; to bring out report card on compliance
 "Weak banks to get lion's share of Rs 881-bn recapitalisation bonds")
Opposition divided over possible impeachment motion against CJI Dipak Misra
If an impeachment motion is to be moved in the Rajya Sabha, it requires 50 MPs to sign it; 100 MPs need to sign the impeachment motion in the Lok Sabha
 "Opposition divided over possible impeachment motion against CJI Dipak Misra")
Banks' non-performing assets: Where have all the risk managers gone?
When we now talk about stressed loans of more than Rs 10 trillion, the 10 years from 2004 to 2014 become important, for this was the period when these loans were sanctioned and disbursed
 "Banks' non-performing assets: Where have all the risk managers gone?")
India's first civil plane Saras takes to the skies after nearly a decade
The 14-seater civil aircraft programme, named after the Indian crane Saras, was conceived in the 1990's as a joint project between India and Russia.
 "India's first civil plane Saras takes to the skies after nearly a decade")
Govt to soon set anti-profiteering rules to pass GST rate cut benefit: CBEC
15 states agreed for implementation of intra-state movement along with inter-state movement of goods via e-way bills from Feb 1
 "Govt to soon set anti-profiteering rules to pass GST rate cut benefit: CBEC")
Major airlines come on board in Udan 2; Uttarakhand biggest beneficiary
Fifteen operators will operate on 502 routes and connect 70 airports and heliports, most of which are not well connected by airlines now
 "Major airlines come on board in Udan 2; Uttarakhand biggest beneficiary")