Page 2780 - Economy & Policy News

India's richest 1% grabbed 73% of wealth generation in 2017: Survey

Globally, 82 per cent of the wealth generated last year went to only 1 per cent people

DP World, NIIF create platform to invest up to $3 bn in ports

NIIF is being operationalised by establishing three Alternative Investment Funds

New Model Concessionaire Agreement to make port contracts investor friendly

Under the revised MCA, the developers have been allowed to exit from a project by way of divesting their entire equity after completion of two years from the commercial operation date

Budget 2018: Fiscal deficit number to be close to target of 3.2% of GDP

In what could be the first time for the rail ministry, the finance ministry may cut its GBS by Rs 150 billion

India has best growth prospects among 7 large economies, including China

The study uses artificial intelligence, big data and predictive analytics to come up with an outlook on future trade and includes seven top trading nations in the world

Encouraging bamboo cultivation can boost farmer income, says Nitin Gadkari

Nearly Rs 35 billion has already been sanctioned for the construction of highways between Wardha to Yavatmal, Yavatmal to Mahagaon and Mahagaon to Waranga

IMF raises 2018-2019 global growth forecast to 3.9% on Trump's US tax cuts

The tax cuts would likely widen US current account deficit, strengthen US dollar, affect international investment flows

Iron ore production projected to fall 15% after two years of growth

The shunting out of operations of seven working iron ore leases in Odisha on January1 this year will impact production as their combined annual capacity is 20 million tonnes per annum

Quoting 'Unique Identity Number' on invoice is necessary under GST: FinMin

Recording of UIN while making such supplies will enable foreign diplomatic missions/UN organisations to claim refund of the taxes paid by them in India

Incentivise banks to promote gold monetisation: India Gold Policy Centre

The paper quotes a nation-wide survey-based study of 1,171 households as well as an interview-based study of senior management of six banks, five gold refiners and one industry consultant

WEF Davos 2018: India toast of the snowy town, from billboards to platters

There is the govt's official India Lounge alongside plenty of Indian companies at Davos with their own set-ups

India ranks 62 in Inclusive Development, much below China, Pakistan: WEF

China placed at 26th position and Pakistan at 47th

FPIs bid for corp bonds worth Rs 139 bn against debt investment of Rs 95 bn

The debt auction quota gives overseas investors the right to invest in corporate debt securities up to the limit purchased

GST rollout was a bit rushed, most states seeking compensation: Punjab FM

Punjab Finance minister Manpreet Singh Badal said that Punjab is discussing whether it can remodel its economy from food grain to food industrialisation economy

IMF, World Bank peg India's GDP growth higher than Advance Estimates

GDP growth for 2016-17 stood at 7.1 per cent

India notches up 11 spots in global talent competitiveness ranking to 81st

Switzerland continues to top the list; India's ranking was the worst among the five BRICS countries in 2018 as well as 2017

1.4 mn jobs vulnerable to disruption from tech by 2026 in US: WEF report

On the positive side, the report said that with adequate reskilling, 95 per cent of the most immediately at-risk workers would find good-quality, higher-wage work in growing job families

World Bank, India ink $120 mn pact for improved water supply in Uttarakhand

Over 700,000 people residing in peri-urban areas of the state are expected to benefit from the programme

Govt hints at integrated refinery-cum-petrochemical vertical post ONGC deal

The minister's statement comes after the ONGC announcement on Saturday that a share purchase deal was signed to buy the government stake in HPCL for Rs 369.15 billion

Budget 2018: Increase tax exemption limit to Rs 300,000, says SBI report

The government has periodically increased the income tax slabs from Rs 22,000 in 1990-91 to Rs 2.5 lakh in 2014-15