Page 2805 - Economy & Policy News

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

No beef sale in Goa from Saturday, traders protest against vigilantism

The strike would go on till the govt eases procedures to bring beef into the coastal state, says

Defence ministry withdraws controversial note on status equivalence

The ministry said the cadre restructuring of AFHQ CS as approved by the Union Cabinet shall be duly implemented

Automation to affect IT-BPM sector most; 75% jobs will require new skills

The report noted that by 2022, 60-65 per cent of Indian workforce in the IT-BPM sector would be deployed in jobs that have radically changed skill sets

Solar modules stuck at Indian ports due to import duty dispute

The Indian unit of Germany's Enerparc had 30 of its containers stuck at Chennai for three weeks

New Consumer Protection Bill introduced in Lok Sabha to protect rights

The Bill aims to set up 'Central Consumer Protection Authority' to prevent consumer rights violation

Modi's worst growth year puts pressure on Budget 2018 to spur economy

Public spending is crucial because private investments have been weak

Govt to impose anti-dumping duty on chemical from China, Japan for 3 yrs

The domestic industry has suffered material injury due to the dumping of the product

Prices slumping, include milk in Rs 35-bn stabilisation fund: Farm Ministry

Move will enable states and milk unions increase procurement from farmers