Economy

Arvind Panagariya recommends aggressive privatisation of public sector undertakings in India

"Show strong commitment to fiscal consolidation to ensure that private sector is not starved of investment funds," Panagariya said.

Arvind Panagariya, NITI Aayog, privatisation of public sector, PSU, NPA, Privatise Air India News

New Indian government faces crucial foreign policy decisions, say US experts

"I would also expect to see increased attention in the United States (particularly among members of Congress) to issues of religious freedom in India, especially given the tenor of the elections these

foreign policy decisions, US, Narendra Modi, US-India alignment, Belt Road Initiative, US india trade ties, Mike Pence, US-China relations, white house News

US companies are looking for transparency and consistency in policy framework: Experts

India, Aghi asserted, has "a fantastic opportunity" to attract US and European\ companies as China trade relations get strained with its partners.

USA, US Government, States Department, Indian Elections, News

US-China trade war gradually destabilising world economy

Simultaneously, the US announced a number of stimulus measures of investment in infrastructure where the existing Make in USA policy and costly steel imports benefited the indigenous steel manufacture

The current capacity utilisation of US steel industry at 82% is significantly higher by 10% as compared to the level achieved prior to March 2018. News

Upload daily reports online or lose licences: Maharashtra to pvt markets

Private markets in Maharashtra will now have to upload their daily sales reports on the website of the State Marketing Directorate, failing which they stand to lose their licences.

Maharashtra now has 57 private markets News

Uday scheme: Discoms drift back to old ways, key targets missed

Financially weak discoms have an adverse impact in the overall power sector, where a number of private electricity generators are already under stress due to several reasons, including rising outstand

Discoms, distribution companies, electricity distribution companies, aggregate technical and commercial, industry news

Chinese Taipei seeks to join WTO consultations over India’s ICT products tariff

While bound tariffs or duties refer to the ceiling over which a WTO member country can not impose import duty, the applied tariff is the duty which is currently in place.

India trade, India trade deficit, RCEP members, FY19, india economy, india investment News

Next govt should abolish MSP in 3 years, cut corporate tax to 5 pc, says Surjit Bhalla

The former Economic Advisory Council to the Prime Minister (EAC-PM) member also said India is unlikely to fall in the middle income trap.

den networks, edelwiss News

Soon, use new Rs 10 notes with RBI governor Shaktikanta Das signature; key things to know

The Reserve Bank of India (RBI) on Monday announced that it will shortly issue new Rs 10 notes on Monday, with the signature of governor Shaktikanta Das.

reserve bank of india rbi plans to detect and prevent online frauds by data analytics News

Inflation remains soft even in states with high consumer spending power

Inflation continues to be benign, and while the low consumer spending power in some states is to blame for it, the price rise is modest even in some states with higher income levels. CPI inflation in

monetary policy, general elections, lok sabha elections, political economy, low cost of capital, political stability, market news

FSSAI allows small organic growers to sell produce without certification till 2020

A similar relaxation has been given to 'aggregators' having an annual turnover of Rs 50 lakh. However, organic food retail firms have to comply with the certification norm.

Economy News

Trump says tariffs making companies leave China, a deal can’t be ’50-50′

U.S. President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cann

Economy News

Japan’s unexpected GDP growth comes with reasons for caution

Japan’s economy surprised with solid growth during the first quarter of the year, but that is likely to give little comfort to policy makers worried about economic momentum ahead of a looming sales

Another reason for caution is that the figures released Monday offer a preliminary reading of Japan’s economy, and they are often significantly different when revised results are released in the following weeks. (Reuters File photo) News

India’s new government inherits an economy riddled with problems

While Modi’s government’s seized control of the company to contain the crisis, a lingering credit crunch has curbed loans and affected consumer spending. That’s separately triggered concerns abo

Going into the elections, both Modi’s Bharatiya Janata Party and the main opposition Indian National Congress were big on pledges to spend billions of dollars to provide income support to the poor and farmers. (PTI Photo) News

Modi sarkar 2.0 needs to be bolder than first

Even those that are least optimistic about the ruling Bharatiya Janata Party’s chances say it would be within striking distance of a majority if it could add a few more coalition partners.

PM Narendra Modi at an election rally in West Bengal (Twitter image) News

Renewable energy: Target likely to be missed by 55 GW

Notwithstanding Centre’s efforts to maximise output of green energy, several issues are serving as a drag on its prospects

Renewable energy, renewable energy PLAN, Global Energy, RE capacity , GST, BIS standards News

Market cues: Link between MSPs, mandi rates tenuous

Clearly, seasonal demand-supply fluctuations influence market prices of foodgrain much more than the government’s market interventions.

MSP of food  grains, mandi rates, foodgrain, NDA government, rabi crops, Food Corporation of India, Nafed, agriculture growth News

Monsoon in India: Pre-season rainfall deficit drops to 22%

The IMD recorded 75.9 millimetres of rainfall from March 1 to May 15 as against the normal rainfall of 96.8 millimetres, which comes to around minus 22 per cent.

Economy News

Coal dispatches to power sector rises marginally to 40.7 MT in April

Public sector mining giant Coal India Ltd had supplied 488 MT of fuel to the power sector in 2018-19, registering an increase of 7.4 per cent over the previous year.

coal, coal import, coal export News

India registers trade deficit with 11 RCEP members in FY19; check out countries with which gap increased, narrowed

RCEP negotiations, which started in Cambodian capital Phnom Penh in November 2012, aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property

India trade, India trade deficit, RCEP members, FY19, india economy, india investment News

Government turns to artificial intelligence for MCA 21 portal to ease compliance process

Earlier this year, the ministry sought applications from service providers to develop as well as operate the upgraded version of MCA 21 system.

artificial intelligence india, artificial intelligence, MCA 21 portal, compliance process News

Explained: India’s vanishing working capital and rising bankruptcies

Like with most credit creation in India in the past few years, banks have ceded space to nonbank, or shadow, lenders.

economy, indian economy, rupee, indian rupee News

Fed’s Robert Kaplan says watching trade war impact on economy, prices

President Donald Trump last week increased duties to 25% from 10% on some $200 billion in Chinese products

dollar, us, us economy News

Trade wars: China just doesn’t want to be like the West

Throughout its 500-year relationship with the West, Beijing has sought to profit from its wealth without truly embracing its ideals and norms.

china, chinese economy, chinese market News

US-China feud widens, Europe populists buoyant: weekend reads

US-China relations hit a new low this week after President Donald Trump’s administration slapped new tariffs on imports from China and targeted its biggest technology company, Huawei Technologies.

The bottom line is that Xi Jinping may have provoked the dispute, departing from the dictum of China “biding its time” before its time—a cumulative backlash to China’s actions in Taiwan and North-east Asia, and the South China Sea (Illustration: Rohnit phore) News

There will be no winners in US-China trade war

While Trump and Chinese President Xi Jinping are engaged in “Who will blink first” gamesmanship, its effects are beginning to be felt.

Economy News

Apple, Amazon show two sides of India’s attempt to attract investments

For now though, that’s a long way off. FDI fell 7% to $33.5 billion in the nine months to December from a year earlier.

Economy News
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