Economy News - Page 9
Air India revival: Future roadmap likely to emerge in three months says ministry official
Senior official in the ministry of civil aviation said NITI Aayog had sent a set of recommendations to the ministry a month back, which is when the set of events culminating in FM Arun Jaitley talking of disinvestment, started
Genetically modified mustard no solution for India’s Rs 64,000 crore edible oil import bill, low farm income
Pushing farmers to grow oilseeds again will mean making the crop as attractive as cotton, one of its main competitors for requiring similar agro-climatic conditions.
IT layoffs: Techies well taken care of, no need for union, says V Balakrishnan
Whenever there is a downturn, there is always noise about unions coming into play in the IT industry but it never sustained, Balakrishnan said
India's SMEs need to be empowered with access to funds, not mere provisions of accounts, subsidies
Traditionally, SMEs have remained a financially unorganised sector. The operations and ownership of such businesses have remained confined to the family or a small group of associates.
CBI Air India probe: UPA cannot escape allegations of failure at several levels in pushing merger
There are a number of explanations the UPA government and its functionaries owe about their handling of Air India
How India can work on medicinal plants conservation areas to boost its share in global tourism
It is important to initiate Medicinal Plants Conservation areas (MPCAs) as medicinal plants are linked to health and livelihood security of rural people.
World Bank report says India can clock double-digit growth if women share in total labour force increases
World Bank said nearly two-thirds of Indian women with college degrees are without jobs
Bank loan stress: 50 corporate loan accounts under close govt watch, says report
The bank loans under scanner include those that have become NPAs and also those restructured as of December 2016
Sebi proposes tighter rules for participatory notes, to impose $1,000 regulatory fee
If adopted, SEBI's plan would be the latest stringent action against controversial products created by banks to track Indian derivatives, shares and debt products and then sold to overseas investors.
Hand baggage tags not required for domestic flyers at six more airports from 1 June
The new airports include Jaipur, Guwahati, Lucknow and Trivandrum, apart from Patna and Chennai.
GST: Panasonic India, industry body for higher customs duty to thwart cheap imports
The issue of transition stock provision is still under consideration and the GST Council is likely to finalise the provision in its next meeting on 3 June.
GST: Real estate, liquor kept out as influential people run them, says Manish Sisodia
Sisodia said many politicians "invest their black money" in real estate business.
Cattle trade ban to halt beef exports, lead to job losses; Quresh committee, others to move SC
Prime Minister Narendra Modi's government decreed animal markets will only be able to trade cattle for agricultural purposes such as ploughing and dairy production.
Coal India March quarter net profit drops by 38% to Rs 2,716 cr
#CoalIndia' s consolidated income increased to Rs 26,635.9 crore in the last quarter of FY2016-17
CBI lodges cases to probe Indian Airlines-Air India merger, purchase of 111 planes
FIRs have been registered for offences of criminal conspiracy and corruption against unidentified officials of the civil aviation ministry and Air India
Narendra Modi on 4-nation tour: India's economic relations with Germany, Russia, France, Spain in charts
India's economic relationship with the four European countries in six charts
Cattle slaughter ban: Buffaloes likely to be removed from list after stiff opposition from states
The list of animals that cannot be bought or sold for slaughter through cattle markets includes cows, bulls, buffaloes, heifers, calves and camels
Arun Jaitley to visit Paris next week, sign OECD pact on cross border tax evasion
The convention is an outcome of the OECD-G20 BEPS project to tackle base erosion and profit shifting (BEPS) which is resorted to by MNCs through tax planning strategies by exploiting gaps and mismatches in tax rules.
India remains fastest growing major economy globally in Jan-March quarter, finds poll
Prime Minister Narendra Modi's ban of high-value currency notes last year had a major short-term impact on demand but private and public consumption has recovered.
GST rollout: Cess to yield Rs 55,000 cr in first 9 months; coal to be top contributor
The amount to be raised through cess on coal as well as luxury items and sin goods will be used for compensating states for revenue shortfall
Narendra Modi's four-nation tour: PM travels with a bagful of wares and a strong sales pitch
The highlight of Narendra Modi's speeches during the tour is likely to be his achievement in making the GST a reality and his efforts to simplify myriad laws for foreign investors, including recent abolition of FIPB
HP ties up with KPMG to launch invoicing platform GST Solutions for aiding MSMEs, traders
It facilitates the entire process from inputting purchase invoices, generating sales invoices, managing the input credit ledger and generating reverse charges.
Arun Jaitley wants India to be a defence manufacturing hub; seeks educational institutions' help to fill gap
The country has institutions like IITs, DRDO labs and a large number of private institutes which can help it achieve the goal, the minister said.
Govt initiates process to find new SBI chief; Arundhati Bhattacharya's term end on 6 Oct
The post assumes significance as the bank has recently merged five associates and the Bharatiya Mahila Bank (BMB) pushing SBI into the league of top 50 banks globally in terms of assets.
EPFO to invest Rs 20,000 cr in equities in 2017-18, says Bandaru Dattatreya
The Finance Ministry had earlier notified a new investment pattern for EPFO, allowing the body to invest a minimum of 5 percent and up to 15 percent of its funds in equity or equity-related schemes.
GST impact: TV, AC, washing machines to cost more; smartphones, small cars to be cheaper
Personal care items like shampoo, perfumes and make-up items would cost more as the tax rate will go up to 28 percent, from the existing 22 percent.
Finance Minister Arun Jaitley to take stock of NPAs at review meet on 12 June
Non-performing assets (NPAs) of public sector banks (PSBs) have gone past the Rs 6 lakh crore mark
Ban on cattle trade for slaughter in markets is a shocker to poor farmers and meat industry
Slaughter houses gets only 10 percent of the cattle directly from farmers. The rest 90 percent is from mandis, according to meat exporters
3 years of Narendra Modi govt: Was demonetisation his biggest blunder or reform?
Even after six months, we are still struggling for an answer. The precise reason is neither the government nor the RBI has yet revealed the amount of old currency that has returned to the system after demonetisation.