Page 2884 - Economy & Policy News

No progress in investment from Foxconn in state: Maha industries minister

The Taiwan-based tech giant had inked a MoU with the state govt in August 2015, offering an investment of about $5 bn

Coal stock situation to improve as power sector gets weather breather

According to the railway ministry, the number of rakes for Coal India (CIL) has improved to 235 per day in November, compared with 223 in October

India, Canada governments talk trade and investment

Two-way trade was $6.1 billion in 2016-17, down two per cent, after a five per cent rise the year before

RCEP Summit: As leaders take stage, India not ready on crucial issues

PM Narendra Modi will attend the RCEP leaders summit on Tuesday aimed at fixing a deadline for mega-trade deal by 2018

Centre, states to spend Rs 1 lakh crore on rural roads

Centre, states to share the amount in 60:40 ratio to link unconnected rural habitations and upgrade existing roads till 2020

Air India divestment: EY may be sole transaction advisor

Rothschild is likely to walk out of the process citing low transaction fee

Market falls on fiscal deficit concerns

The Sensex fell 0.84 per cent, or 281 points to 33,034 with banking and energy stocks leading the fall

What the Saudi putsch means for Indian oil

India's emergence as a major consumer and buyer from diverse sources could protect it from the political ructions in the kingdom, the world's largest producer

Naveen Patnaik seeks softer interest for converted loans from Centre

Seeks to reduce financial stress of Odisha farmers suffering from crop loss due to drought and pest attack

Linking GST rate cuts to elections juvenile politics by Congress: Jaitley

GST Council had last week brought down tax rate on 178 products from 28% to 18%

Centre, states to jointly spend Rs 100,000 cr on rural roads till Mar 2020

Programme includes building new roads, upgradation and maintenance of existing roads and connecting Left-Wing Extremism affected districts

Oct retail inflation at 3.58%, highest in FY18 so far

Push from vegetable, fuel prices; RBI unlikely to cut rates in policy review next month

Icra hails 5% GST rate on AC, non-AC restaurants

Last week, the GST council lowered the tax rate of restaurants to a uniform 5% from 12% on non-AC restaurants and 18% on air-conditioned ones

Helicopter dispensary for NE soon, govt invests Rs 25 cr initially

Union Ministry of Development of Northeast (DONER) has already contributed Rs 25 crore as part of the initial funding for this initiative, says Jitendra Singh

Plastics industry hails GST rejig; says lower taxes will benefit consumers

Plastics industry has 40,000 manufacturers and contributes approximately 8% to GDP of India

India holds first 'quad' meet with US, Japan, Australia

PM slated to meet Trump on Monday

No extra GST liability on supplies of diplomatic missions, UN bodies: Govt

Sale or supply to foreign diplomatic missions/UN organisations is like any other B2C sale and will not have any additional effect on the supplier's tax liability

India to pip Japan and become world's third-largest economy by 2028: BofAML

The report assumes the Indian economy will grow at 10% (in nominal US GDP) in the next 10 years, well ahead of Japan's 1.6%

Madhya Pradesh breaks own record with 11,466 Mw power supply on Nov 11

Earlier in 2016, the state had recorded a demand of 11,421 Mw on December 26, says MP Power Management Company, MD, Sanjay Shukla

Retail inflation rises marginally to 3.58% in Oct; touches seven-month high

Retail inflation has been steadily rising since June