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Business Standard: Economy and Policy

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Economic News: Read Latest Economic News headlines, monetary policy highlights, Budget, RBI bulletin, news on Interest Rates, Indian economy, and analysis, from Business Standard.
Updated: 26 min 45 sec ago

Rafale row: Now, French govt, Dassault deny role in choosing Anil Ambani

Fri, 09/21/2018 - 11:48pm
French govt's statement comes after former President Francois Hollande's reported claim that the Indian govt suggested a particular private firm for Rafale offset contract
Categories: India News

Over 519 developmental projects cleared over 4-yrs threaten last wild areas

Fri, 09/21/2018 - 11:37pm
The proposal to widen the 176-km Akola-to-Khandawa railway, 39 km of which passes through the Melghat reserve threaten more accidents, wildlife mortality and fragmentation of habitat
Categories: India News

Hindustan Petroleum Corp enters into a long-term agreement with HMEL

Fri, 09/21/2018 - 4:18pm
HMEL recently set up a bitumen blowing unit with a capacity of 550 million tonne per annum different grades of bitumen plant at Guru Gobind Singh Refinery, Bathinda
Categories: India News

Posco, JNPT, Adani, JSW Infrastructure in race for debt-laden Dighi Port

Fri, 09/21/2018 - 4:14pm
The port is being developed by Balaji Infra Projects, under a 50-year concession agreement from the state's maritime board
Categories: India News

Finance Ministry likely to issue advisory halting excess expenditure

Fri, 09/21/2018 - 4:04pm
One of the key components of the relook at expenditure is cutting down on reborn centrally-sponsored schemes
Categories: India News

CRISIL DRIP: As monsoon withdraws, deficiency up in kharif growing states

Fri, 09/21/2018 - 3:45pm
But healthy irrigation cover in some states and for certain crops has come to the rescue. On an overall basis, so far only groundnut is under material pressure
Categories: India News

Jewellery shares fall on fear of gold import curbs; Titan down 4.73%

Fri, 09/21/2018 - 3:36pm
 In the last one week after the government announced restrictions to arrest the rupee slide, jewellery stocks fell by around 5 to 12 per cent
Categories: India News

In-flight calls, internet services may happen in days: Telecom Secretary

Fri, 09/21/2018 - 12:25pm
Globally, many airlines are already offering wi-fi for passengers, but they currently have to switch off the facilitywhen they enter the Indian airspace
Categories: India News

RBI announces norms for joint priority sector lending by banks, NBFCs

Fri, 09/21/2018 - 11:10am
The sharing of risks and rewards between these entities should be in a manner that enables appropriate alignment of respective business objectives, as per their mutual agreement
Categories: India News

Jan Arogya Yojana: PM to launch healthcare scheme on Sunday from Jharkhand

Fri, 09/21/2018 - 10:50am
The Prime Minister will launch the scheme on September 23 but effectively it will become operational from September 25 on the birth anniversary of Jan Sangh co-founder Deendayal Upadhyay
Categories: India News

Borrowings by states drop 3% in April-August FY19 to Rs 1.32 trillion

Fri, 09/21/2018 - 9:06am
Data compiled by the RBI showed Rajasthan topping states in borrowings as it availed of Rs 35 bn in August by way of SDLs
Categories: India News

In relief for FPIs, Sebi issues revised KYC norms, eligibility process

Fri, 09/21/2018 - 8:50am
Certain categories of FPIs would be required to maintain a list of beneficial owners
Categories: India News

Fitch raises India's GDP forecast to 7.8% from 7.4% for FY19

Fri, 09/21/2018 - 7:50am
Fitch, however, flagged tightening of financial conditions, rising oil bill and weak bank balance sheets as headwinds to growth
Categories: India News

Adityanath pitches UP as spiritual & wellness tourism hub, eyes Rs 50 bn

Fri, 09/21/2018 - 7:43am
State govt targetting Rs 50 bn annual investment in tourism sector
Categories: India News

Jaitley proposes additional cess under GST to help flood-hit Kerala

Fri, 09/21/2018 - 6:10am
The issue regarding additional cess for funding rehabilitation activities in flood-hit Kerala was discussed on Thursday during a meeting of Isaac with Jaitley
Categories: India News

-Ministerial panel to take stock of GSTN, new software for returns tomorrow

Fri, 09/21/2018 - 6:05am
The focus of the GoM meeting would be on preparedness to shift to a new format for GST return filing
Categories: India News

Kerala FM fires fresh salvo at Centre on Ayushman Bharat Scheme

Fri, 09/21/2018 - 5:55am
T M Thomas Isaac says the scheme is 'ón the same track'as the earlier RSBY, which has been poorly implemented
Categories: India News

Govt to hike duty incentives for milk exports to boost overseas shipments

Fri, 09/21/2018 - 5:40am
The 28 items covered under the enhanced incentives include cheese, whole milk, skimmed milk, milk and milk food for babies, condensed milk, yoghurt, buttermilk and whey
Categories: India News

India opts for rupee payment for Iran oil; UCO Bank reluctant to route fund

Fri, 09/21/2018 - 5:02am
The Trump administration had withdrawn from a nuclear accord signed by Barack Obama in the month of May and had ordered first round of sanctions on Iran from August 6
Categories: India News

Hike in small savings rates may help govt reduce H2FY19 market borrowing

Fri, 09/21/2018 - 4:45am
For the current financial year, the government had indicated its plans to borrow Rs 4.07 trillion from the market
Categories: India News