Economy News

70% of air charter firms may be forced to shut shop

Currently, 120 air charter operators are registered as NSOPs with the DGCA, but only 39 have three or more aircraft.

DGCA plans to re-designate all non-scheduled operator permit holders with less than three aircraft a...

SC turns down plea to stop Goa from e-auctioning iron ore
Refusing to restrain the Goa government from e-auctioning extracted iron ore mined by a Goa-based mi...

Indirect tax collections up 5.8% in H1

Indirect tax collections in the first half of the current fiscal grew at a modest 5.8% to R2.41 lakh...

Sept retail inflation cools to 6.46%

Lowest since Jan 2012, helped by restraint on vegetable and fuel prices

SC upholds Sebi’s power to seek user

Clearing the way for the regulator to go ahead and seek sensitive information, the Supreme Court on ...

Defence Procurement Procedure likely to be simplified further

The government is looking at refining the Defence Procurement Procedure, 2013.
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India pitches for greater synergy to ensure 2% global growth in 5 years
India has pitched for a greater international policy co-ordination to ensure a global growth of 2% o...
OVL charts revival path for Imperial energy as output falls drastically
State-run ONGC Videsh is back to the drawing board for redoing the entire exploration...
CII urges DoT to ask Trai to suggest reserve price for 3G spectrum
The Confederation of Indian Industry has urged the department of telecommunications (DoT) that even ...
Regional financial impact of Ebola crisis may be $32.6 bn by 2015-end: World Bank Group
The World Bank Group on Thursday warned that the regional financial impact of the spreading Ebola cr...
Govt to set up platform for LatAm investors
To invite investments from the South American countries after PM Narendra Modi’s visit to Brazil, th...
CEA appointment to get delayed as ‘PM Narendra Modi wants net widened’
The Centre will further delay the appointment of the chief economic adviser (CEA) in the finance min...
DoT moves SC on 3G roaming services
The department of telecommunications (DoT) on Thursday moved the Supreme Court challenging the telec...
Govt defers rollout of food security Act by six months
The government on Thursday deferred the country-wide rollout of the National Food Security Act...
Shaktikanta Das: End aggressive tax planning, assessments
The revenue department has urged taxpayers to move away from aggressive tax planning...
India needs to invest $250 bn in 20 yrs for urban infra: M Venkaiah Naidu
There are ample opportunities for international investors to come and invest in India and particular...
OVL and OIL lose bid for Murphy’s oil and gas assets in Malaysia
Murphy said it has sold its Malaysian oil and gas assets for $2 billion in an all cash transaction t...
DLF moves SC against land allotment cancellation
DLF was developing AC apartments/villas and an 18-hole golf course on the land under the project 'Th...
Coalmin seeks land right transfer from CIL to allottees
The transfer is subject to mutually agreed conditions between CIL and the allottee.
Odisha likely to select consultant for its NMIZ by year end
The Odisha government is expected to select a consultancy firm by this year end for its National Man...
NHRC to Bengal: Ensure potato supply to Odisha
The National Human Rights Commission (NHRC) has directed the West Bengal government to take necessar...
Industrial output growth crawls at 0.4% in August
There’s growing evidence that structural weaknesses have plunged the economy into a trough that is n...
World Bank launches infra facility for emerging markets
Even as India is finding it difficult to meet its ambitious target of ensuring investment worth $1 t...
Upper limit on staff redeployment from old to new IT-SEZ units raised to 50%
The finance ministry has granted a major relief to IT companies by raising the cap on transfer of te...
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