Page 2804 - Economy & Policy News

Smaller PSBs beat giants in dash to NCLT, Bank of Baroda tops with 55 cases

Total claims under insolvency proceedings stands at over Rs 1 trillion as of September, RTI replies show

Buglers of the street army: How a cooperative is helping roadside vendors

A network and advocacy platform of 636 street vendor organisations representing 867,426 vendors across 25 states of India is bringing together the street food delights from across the country

Taxpayers kept you afloat, your duty now to build economy, FM tells banks

Arun Jaitley's statement made in context of Rs 2.11 trillion two-year road map to strengthen PSBs, which are reeling under high NPAs

Coal India auction to miss spark on low power demand Q4 of FY18

After 76% rise in Q3, prices may fall in Q4

Taxpayers kept you afloat, your duty now to build economy, FM tells banks

He said the government's Rs 2.12 trillion recapitalisation plan was to keep banks in good health, which was "extremely" important for the economy

Farm ministry for inclusion of milk in price stabilisation fund

Move to enable states and milk unions to increase procurement

Double-digit credit growth post bank recapitalisation, claims govt

FinMin official says surge in credit offtake points to revival of private sector investments

12 major Indian ports record 3.64% growth in cargo traffic during Apr-Dec

ndia has 12 major ports which handle approximately 61 per cent of the country's total cargo traffic

Investment growth to witness a rise to 5.9% in the second half of FY18

Discrepancies in the estimation of GDP have shot up again from Rs 839 billion in FY17 to Rs 2,004 billion in FY18

Top firms get GST notices on credit claims; replies sought within hours

Hundreds of firms, including Google India, Hitachi, asked to respond by same evening

Demonetisation, GST effects: GDP growth seen at 4-year low of 6.5%

CSO estimates for FY18 peg GVA growth at 6.1%; hit due to poor performance of agriculture, manufacturing

Farmers not getting minimum support price for their crops: Radhamohan Singh

The Agriculture Minister said consultations were on with states and the NITI Aayog to find out how a better system can be established

Centre collects Rs 380 billion as compensation cess between July and Nov

A cess is levied on these goods to help cover the loss suffered by the states

Crackdown on jewellers: Tax searches net Rs 815 mn from jewellery couriers

This is the first mega crackdown on jewellers to check for tax evasion after GST implementation in July 2017

GDP growth in coming quarters to be higher: Chief statistician T C A Anant

On lower agricultural growth, Anant pointed to 'a certain amount of statistical base reversion to mean'

India's per capita income growth may fall 8.3% to Rs 111,782 in FY18: CSO

The growth rate in per capita income (real terms) is estimated was 5.3% during 2017-18

GVA in agriculture and allied activities projected to fall to 2.1% in FY18

More than GVA at constant prices, GVA for agriculture and allied activities at current prices slumped from nine per cent in 2016-17 to 2.8 per cent in 2017-18

Revenue from passenger fare up by 5%, freight by 8%, says Railways

Railway Minister Piyush Goyal recently said that the railways had set a target to triple its freight traffic to three billion tonnes by 2030 from the existing 1.1 billion tonnes

GDP growth to be more robust in next fiscal: NITI Aayog VC Rajiv Kumar

GDP was 7.1% in 2016-17 and 8% in the preceding year. It was 7.5% in 2014-15

Parl panel for capping airfares, Gajapathi Raju says it will backfire

He told reporters that there were only 1.7% of cases where fares were higher than normal