Economy

Big question for India: Can Central Banks go broke?

Former Bank of England policymaker Willem Buiter posed that question in early 2008, and it’s currently the biggest challenge facing his long-time research collaborator Urjit Patel, the Reserve Bank of India governor.

With rise in demand, discoms have realised benefits of power trading: Satyanarayan Goel, CEO, IEX

Satyanarayan Goel, CEO, IEX, speaks to FE's Anupam Chatterjee about the changing dynamics of electricity trade in spot power markets with the advent of renewable energy and other disruptions.

GST Bengaluru division busts fake invoice racket

The accused had floated several fake companies engaged in trading fake invoices for availing input tax credit by various steel scrap dealers and manufacturers of iron and steel products.

Hardeep Puri warns states against tweaking realty law

The minister said Uttar Pradesh, Haryana and Punjab need to take the suitable action to ensure that their state rules are in line with the Rera.

Demonetisation: 80,000 being chased by I-T for large cash deposits

The income-tax department (I-T) is ‘chasing’ 80,000 persons who had deposited cash during demonetisation period which didn’t match their income profile, chairman of central board of direct taxes

RBI Board meet: Finance Ministry keen on boosting MSME credit, NBFC liquidity

Not to press higher surplus transfer by RBI for now.

Broadband connectivity in villages under Bharat Net fails to pick up

Another official said that till October, 1.15 lakh GPs were service ready, which means that last mile internet connectivity from the GP to the consumer using Wi-FI hotspots or other means can be provi

Ethanol producers seek concessions on PESO licences

Ethanol producers across the country are a worried lot with the the National Green Tribunal ( NGT) making Petroleum and Explosives Safety Organisation (PESO) licenses mandatory for the manufacturers.

Parliament’s winter session likely from December 10

With political parties busy campaigning for Assembly elections in five states, the winter session of parliament will likely commence on December 10.

Over 2 lakh beneficiaries avail Rs 300-crore benefits under PM-JAY

Going by the initial trend, the average hospitalisation cost per person works out to be around Rs 15,000, higher than Rs 10,000 estimated by the NITI Aayog.

Mundra power tariff revision a boost to Tata, Adani outlook

The Supreme Court allowing the Central Electricity Regulatory Commission (CERC) to revise power tariffs for imported-coal based power plants in Mundra is seen to improve the outlook on Tata Power and

National Herald case: Supreme Court to hear Rahul, Sonia Gandhi’s pleas in December

The Supreme Court on Tuesday agreed to hear in December the petitions filed by Congress president Rahul Gandhi.

A slew of investment offers marks first day of ‘Make in Odisha’ summit

The first day of the Odisha government’s flagship investment summit, Make in Odisha (MIO), kicked off in Bhubaneswar with a slew of commitments from the country’s top industrialists.

PNB Housing Finance obtains refinance sanction of Rs 3,500 crore from NHB

The refinance facility will help PNBHFL boost liquidity as well as improve its asset-liability profile.

Adani gets SC nod to supply natural gas to three areas in Ahmedabad

The Supreme Court on Monday allowed Adani Gas to supply natural gas to commercial and industrial units in the areas of Sanand, Bavla and Dholka of Ahmedabad district of Gujarat till further orders.

Boosting growth: Arun Jaitley says strengthening banks immediate priority

Jaitley’s statement comes ahead of a much-watched RBI board meet on November 19, where the RBI top management and the government are likely to take divergent positions on a host of issues.

Income Tax e-returns for April-October increase 59% to six crore; Returns filed by salaried individuals grow by 45%

Returns filed by individuals with salary income, which is the largest chunk of e-filers, grew by 45%. Other categories of returns also showed growth of between 50% and 85% during this period.

Bidding till November 19: SECI raises ceiling tariff for 10 GW solar auctions

The Solar Energy Corporation of India (SECI) has raised the ceiling tariff for auctions for the 10 gigawatt (GW) manufacturing-linked solar scheme to Rs 2.85/unit from Rs 2.75/unit set earlier. The ce

61.5% of 18 lakh registered firms were active in September: Data from MCA

As many as 39,791 companies were in the process of being struck off while 6,208 were under liquidation. Among those struck off, 102 companies were in the process of being reactivated.

Fastest growing yet difficult-to-predict Indian economy inspires new measuring tools

The world’s fastest-growing economy is also one of the most difficult to decipher. A change in the methodology to calculate gross domestic product is partly why India’s data is puzzling and is pro

Piped gas connections: 50 areas across 12 states on offer under 10th round of CGD

Close on the heels of awarding 86 geographical areas (GAs) under the 9th round of city gas distribution (CGD) licensing, the Petroleum and Natural Gas Regulatory Board (PNGRB) on Thursday launched the

NTPC under-recovery flags coal supply crisis

The company’s net profit slipped 1.1% year-on-year (y-o-y) to Rs2,417.6 crore in the quarter.

Rising Indian Ocean temperature puts habitation at risk: Experts

The Indian Ocean is seen warming up fast due to global warming, and this is likely to pose a severe threat to habitation of species, marine experts said on Thursday.

5G in India: DoT mulls more bands for launch

NFAP 2018 aims to create a road map for availability and allocation of wireless spectrum to facilitate development and deployment of next generation services.

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