Economy News - Page 3
Anti-hoarding step: Cabinet extends stock limits on paddy, rice
The validity of stock limits on paddy and rice was to have expired this month. <br /><br />
China to topple US as world's largest oil importer: report
The report said emerging economies would claim most of the global energy supplies over the coming decades.
CCEA may rejig power discoms' debt package
According to a power ministry official, the proposal may be taken up in today's meeting of the CCEA.
Odisha slashes VAT on ATF, AVGAS to 5%
The decision in this regard was taken at the cabinet meeting presided over by Chief Minister Naveen Patnaik.
Raise CD ratio, all blocks should bank branches: Nitish to bankers
The Bihar chief minister rued the slow progress in opening of bank branches in the state and said no panchayat should remain without a bank branch.
Tripura seeks Rs 67,104.82 cr from Finance Commission
Tripura also requested for waiver of Rs 383 crore of Central loans. <br /><br />
Fertiliser ministry seeks Rs 15,000 cr subsidy for July-Sept
The government has budgeted the fertiliser subsidy for current fiscal at Rs 65,971.50 crore, roughly around the same level of Rs 65,974 crore budgeted in 2012-13.
Govt seeks PPP in highways sector: Fernandes
The highways sector is a thrust area of the government, the minister said, adding that the Centre has made substantial efforts to address the shortcomings in the sector.
India to get $10 bn ADB loan over five years
The agency will also partner with India to anchor transactions that can tap national, regional and international capital markets.
Results, manufacturing data buoys Wall Street
US stocks rose on Friday, rebounding following two days of losses as solar companies jumped on results and strong data on manufacturing.
Direct tax collection up 10.66% in Apr-Sept at Rs 3 lakh cr
The collections totalled Rs 2.72 lakh crore in the same period of 2012-13 fiscal.
Coal utility: Chaturvedi panel to submit report by October-end
The panel is looking at utilising surplus coal by creating a bank or a common pool that will supply the fuel to the utilities.
Railways earnings rise by over 11% in Apr-Sept
The total passengers booked during April-September 2013 were 4257.55 million compared to 4270.09 million during the same period last year.
Two percent rail passenger fare hike comes into effect
Railways had earlier hike passenger fares by about 15 percent on 22 January this year.
National Policy on Universal Electronic Accessibility okayed
The government today approved National Policy on Universal Electronic Accessibility that recognises the need to eliminate discrimination on the basis of disabilities and will facilitate equal access to electronics and Information and Communication Technologies.
Kharge seeks FDI for railway infrastructure
The PMO, in its recent review meeting of flagship infrastructure projects, had asked Railways to expedite the Rs 21,500 crore project.<br /><br />
Aizawl: Despite launch, food scheme implementation to take time
UPA chairperson Sonia Gandhi will officially launch the Food Security Scheme in Mizoram on 20 September, but it would take some more time for its actual implementation, a state minister said here today.
Railway freight earnings up by 8% in Apr-Aug
The railways earned Rs 116.31 crore from 1.50 MT of raw material for steel plants except iron ore, Rs 375.61 crore from 3.69 MT by container service and Rs 398.54 crore from 5.16 MT of other goods. <br /><br />
RBI invites application to fill post of NIBM director
NIBM, which was established by the RBI in 1969 is an autonomous apex institution with the mandate of playing a proactive role of think-tank of the banking system.
India seeks to pay Iran oil bill fully in rupees
Iran had in July agreed to take payments for oil it sells to India entirely in rupees after US and western sanctions blocked all other payment routes.
CCEA may moot 10% export duty on surplus cotton
The textiles ministry said the imposition of export duty on cotton will lead to revenue collection and also improve inclusiveness of textile industry in the economic activity.
Railways freight loadings see over five percent growth
The freight traffic from April-August as compared to the corresponding period last year has witnessed an increase of 20.72 MT, according to data from railway ministry. <br /><br />
India's gas output to double by 2026-27
The report further projected the output to rise to 211 mmscmd in 2026-27 and to 230 mmscmd in 2029-30.
India most optimistic on hiring plans in October-December
The dramatic turnaround in employer confidence was largely due to the recovery made by IT firms and allied companies.