Economy News - Page 2

Rahul Gandhi has walked into a trap by centering his Lok Sabha campaign on anti-Modi narrative, not real issues

By the time the 2019 Lok Sabha election campaign entered its final lap, most of the real issues — economic reform, farm crisis and unemployment — had clearly taken a backseat

Interim Budget 2019 was anything but 'interim' and had Narendra Modi's signature emblazoned all over it

After all, this final Budget of the Narendra Modi government, although technically an 'interim' one, comes around 30 days ahead of the announcement of the Lok Sabha polls

Kerala budget: Massive allocation to Sabarimala and little towards flood rehabilitation points to govt's political agenda

Economists, therefore, feel Isaac's 10th budget will remain as a castle in the air unless he shows the political will to cut down the growing revenue expenditure and raise resources from non-tax sources.

IAMAI asks govt defer implementation of revised FDI norms for e-commerce

The Internet and Mobile Association of India (IAMAI) on Tuesday urged the government to defer the implementation of revised norms for e-commerce companies having foreign investments, as few provisions are unclear and onerous

Govt mulls scrutiny on Huawei, ZTE for commercial 5G rollout after security concerns: Official

The government will be mindful of concerns around national security threat from Chinese telecom gear firms like Huawei and ZTE at the time of commercial rollout of 5G network but has no issues as far as their participation in the trial of the next generation technology is concerned, an official said.

IL&FS crisis: SBI to buy assets worth Rs 45,000 cr from NBFCs to resolve liquidity crunch

State Bank of India (SBI) said on Tuesday it will buy good quality assets worth Rs 45,000 crore from NBFCs that are facing liquidity crunch triggered by a series of debt repayment defaults by financial conglomerate IL&FS and its subsidiaries.

Environment Minister Harsh Vardhan says incentivising communities, forest departments only way to control forest fires

Environment Minister Harsh Vardhan on Tuesday said only an "aggressive strategy" can help in controlling forest fires which cause an annual loss of Rs 1,101 crore.

Paytm bets on local expertise to fend off rivals, aims to increase offline merchants to 15 million by March 2019

Paytm is transforming into a financial services start-up with forays in banking, mutual funds and later insurance.

Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross

Air India has logged losses for over a decade, has a debt of over Rs 50,000 crore and faces stiff competition from private airlines. What should the government's focus be?

ICICI Bank Board could discuss Videocon loan row today; PMO asks CBI, IT-D to probe the matter

ICICI Bank shareholders seek answers on conflict-of-interest allegations raised against Chanda Kochhar, days after the PMO ordered agencies to probe the row.

Credit Suisse says close to 40 million Reliance JioPhones sold so far; incumbents should be worried

At present, it's difficult to gauge whether Jio is eating into others' share or adding to the pie with customers buying Jiophones as their secondary device.

Infosys to invest more in digital technologies to drive growth, look for strategic inorganic acquisitions

Infosys plans to scale its digital business, which contributed $2.8 billion in fiscal 2017-18, energise its clients' core technology landscape via artificial intelligence (AI) and automation, re-skill its techies and expand its localisation in Australia, Europe and the US.

Deposit 15% of Rs 2,800 cr DDT demand in a separate account, says Madras HC to Cognizant

Cognizant had filed a plea in the court seeking stay of recovery proceedings as the I-T department had frozen some of its bank accounts.

India will become $5 trillion economy by 2025, says Economic Affairs Secretary Subhash Chandra Garg

India is set to become a $5 trillion economy by 2025, Economic Affairs Secretary Subhash Chandra Garg said

PNB fraud: Five major lessons from India's biggest banking scam

It's unproductive for the RBI and the government to engage in a blame game post the PNB fraud, and accuse each other of laxity.

WTO mini-ministerial: Beyond small gains in New Delhi, the question on trade body’s relevance remains

By hosting this meeting, India has tried to change the obstructionist image it has had since the days of Murasoli Maran.

Mumbai rail roko: If Modi govt still thinks unemployment is a made-up story, students' protest will serve as eye-opener

Modi govt should first acknowledge unemployment problem, else a crisis is in the making

Negative defence budgets in ‘actual terms’ are hollowing out India’s armed forces

Major General BC Khanduri-led Parliamentary Standing Committee on Defence lambasts the Indian government for inadequate defence budget allocations.

Donald Trump terms as 'unfair' high import tariff on Harley-Davidson motorcycles, threatens to impose 'reciprocal tax'

Trump, during a discussion with members of the Congress over steel industry, also threatened to increase the tariff on import of Indian motorcycles to the US.

Budget 2018: Infra segment needs targeted policy actions, sector regulator; is Arun Jaitley listening?

Proactive measures by the government to further improve the long-term funding availability is a priority area and the infrastructure players expect some action here as well.

Experts on Economic Survey 2018: GDP may bounce back to 7-7.5% next year, but there are hurdles on the way

The annual survey was released ahead of the government’s annual Budget statement, due to be presented by Finance Minister Arun Jaitley on Thursday.

Budget 2018 may hike agriculture credit target to Rs 11 lakh cr as govt aims to get higher farm output

The govt has been providing interest subvention to make available short-term farm credit at an affordable rate and help boost farm output

Domestic passenger vehicle sales rise 5.22% in December; car sales slip but motorcycle sales rise 40.31%

Domestic passenger vehicle sales rose 5.22 percent to 2,39,712 units in December from 2,27,823 units in December 2016

Malnutrition: How Budget 2017 can do justice to India’s starving children by making nutrition a national emergency

India is one of the highest ranking countries in the world in children suffering from malnutrition.

EPFO-data based study raises questions; reminds its time India overhauled its payroll reporting method

If enough jobs are being created over the last year, why doesn’t it correlate with the private consumption trends, demand–revival and investments?

Budget 2018: Odisha govt demands Rs 6,500 cr to improve rail infrastructure

Odisha government has placed a demand of Rs 6,500 crore before the Centre for railway infrastructure development in the 2018-19 Union Budget

Budget 2018: Trade unions urge Centre to focus on employment generation

Trade Unions want the government to allocate more funds in the Union Budget 2018 for employment generation and claimed that opening up the retail market to foreign players would lead to further loss of jobs

Govt to make Rs 50,000 cr additional borrowing from G-Sec in current fiscal

The government on Wednesday said it has decided to make additional borrowing of Rs 50,000 crore this fiscal through dated securities, a move that may put burden on the fiscal deficit target of 3.2 percent of GDP

Union Budget 2018: Pressure on FM Arun Jaitley to fulfil promise of cutting corporate tax rate to 25%

In the upcoming Union Budget 2018, Finance Minister Arun Jaitley will be under pressure to moderate tax rate for the industry which was promised a lower corporate tax of 25 percent by the government three years ago

Cabinet note to move next week for Steel Research mission, says Union minister Chaudhary Birender Singh

Union Steel Minister Chaudhary Birender Singh on Thursday said a cabinet note will be moved next week for putting up the Steel Research and Technology Mission of India (SRTMI) to boost research and development in the sector