Page 1932 - Economy & Policy News

Inflation to go below 4.5% by July: CEA Krishnamurthy Subramanian

Says vegetable prices may moderate after fresh harvest in March

Advised Manmohan Singh, Pranab Mukherjee against Vodafone tax: Montek

Asked for his assessment of Manmohan Singh as PM, Ahluwalia said the view he was weak and vacillating was unfair

Bengaluru to get its first non-stop US flight in Oct, trip to take 17 hours

The daily service with Boeing 787 aircraft will take around 17 hours to complete the trip, it is learnt

India's economic environment weak, needs urgent and ambitious reforms: IMF

he IMF in January lowered India's economic growth estimate for the current fiscal to 4.8 per cent

Coronavirus: Oil use to suffer first quarterly drop in a decade, says IEA

"Global oil demand has been hit hard by the novel coronavirus and the widespread shutdown of China's economy," it said.

With CDS and DMA, synergy among three services will get fillip: Army chief

Synergy and tri-services integration is not a matter of chance, and is something that needs to be institutionalised, the Army chief said

Banks, firms work on strategy for transition from LIBOR to new benchmark

Will be simple for loans, tricky for derivatives, say experts

Logistics leasing activity up 30% in 2019, 19 mn sqft space added

Industrial and logistics sector witnessed investments of more than $200 million in 2019, a study conducted by CBRE titled 'India Industrial and Logistics Market View, H2 2019' said.

PW India won't offer non-audit service to clients governed by NFRA

These are services such as tax advisory and consulting

Sabka Vishwas legacy dispute scheme may not add much to govt coffers

Govt faces uphill task of meeting indirect tax target despite scaling it down

Finance Commission panel to examine separate funding mechanism for defence

The five-member group, to be headed by Finance Commission Chairman N K Singh, comprise secretaries from the ministries of defence, home affairs and finance, besides a member of Commission

Oil Ministry justifies LPG price hike, blames international market prices

It also said domestic consumers have been largely insulated from the hike by way of the large increase in subsidy

Senior IAS officer Debasish Panda appointed new finance secretary

Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special secretary, department of financial services

India Ratings revises outlook for construction sector to negative for FY21

The outlook revision follows significant risks emerging from the exposure of certain construction companies to the state governments of Andhra Pradesh, Telangana, Tamil Nadu

Piyush Goyal asks W Bengal govt to cooperate in completing metro projects

"I hope that that the state government will allow us to implement the Central schemes benefitting people here", Goyal said

Banks' credit up 7.13% in second half of Jan, service sector loans dip

Non-food bank credit growth decelerated to 7 per cent in December 2019 from 12.8 per cent in December 2018

Power Minister R K Singh points finger at lobby against PSU privatisation

The statement assumes significance when the Narendra Modi-led government had been mooting major strategic disinvestment

New national textile policy will address all issues, says secy Ravi Capoor

This was announced on Wednesday during an interactive session with captains of the textile industry in the region

Keep in mind suggestions like OTP to prevent Aadhaar misuse: HC to Centre

The amicus suggested that UIDAI should consider having OTP authentication instead of using biometrics where "security concerns are more pronounced" and "loopholes are easily accessible".

January retail inflation at 68-month high of 7.59%; Dec IIP shrinks 0.3%

The index of industrial production (IIP) fell from a growth rate of 1.8 per cent, as the manufacturing sector slipped into negative territory again