Economy News
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Supreme Court to hear appeals on Monsanto patent issue on July 18
Indu Bhan | July 7, 2018 4:18 AMThe Supreme Court on Friday sought response from Monsanto Technology and others on an appeal by Nuziveedu Seeds.
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Fixing bad assets: Bankers agree to adopt the inter-creditor pact
FE Bureau | July 6, 2018 5:39 AMSenior bankers on Thursday agreed to adopt an inter-creditor agreement for consortium lending, under which the lead bank will be entrusted with the job of preparing a time-bound resolution plan for mid-sized bad loans.
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Stressed power assets: Impractical to comply with RBI circular, say banks
FE Bureau | July 6, 2018 5:33 AMSenior bankers on Thursday apprised the parliamentary committee on energy of the enormous impact and “practical difficulty” of implementing the Reserve Bank of India’s circular regarding power assets within a six-month time frame.
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Non-tariff charges in electricity bill to attract GST
Sumit Jha | July 6, 2018 5:23 AMElectricity bills can have a goods and services tax (GST) component at times.
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Insolvency resolution: IBBI amends norms, notifies procedures for homebuyers
FE Bureau | July 5, 2018 4:59 AMChanges to the IBBI regulations were necessitated after the govt issued an ordinance last month amending the IBC.
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Kerala scouts to fill DMRC vacuum in Rs 7,500-cr Light Metro project
M Sarita Varma | July 5, 2018 4:53 AMBarely three months after Metro Man E Sreedharan and the Delhi Metro Rail Corporation (DMRC) backed out of the Rs7,500-crore Light Metro Rail projects in Thiruvananthapuram and Kozhikode, the Kerala government has started scouting for a new consultant.
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Vibrant Gujarat Summit to shift focus to exports
FE Bureau | July 5, 2018 4:46 AMIn a departure from the previous Vibrant Gujarat Summits (VGS) which mostly focused on foreign investment, the Gujarat government this time is planning to lay emphasis on the exports, trade, commerce and services sectors for the VGS 2019.
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UP government clears Rs12,000-crore bank loan for Purvanchal Expressway
Deepa Jainani | July 5, 2018 4:40 AMEasing the way for the Purvanchal Expressway, the Uttar Pradesh government has approved a proposal to get bank loan of Rs 12,000 crore from Punjab National Bank (PNB) for construction of the project.
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No PPA hurdle! State-run companies can sell power from cheaper units
Anupam Chatterjee | July 4, 2018 5:20 AMCost saved from this process will be shared between states and the central generation companies
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Returns from cane most attractive for farmers
FE Bureau | July 4, 2018 5:12 AMFarmers stick with the water-guzzling crop despite massive arrears as alternatives are far less remunerative.
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Number of strikes falls 70% in January-March
Surya Sarathi Ray | July 4, 2018 5:02 AMIndustry-labour relations have dramatically improved in the first three months of the current year as compared to the same period a year ago.
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GST refunds: Manufacturing units in hilly areas may move court
FE Bureau | July 4, 2018 4:48 AMOver 200 units in J&K have received notices and many of them are facing delays in GST refunds.
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Centre may get premium for its stake in IDBI Bank
FE Bureau | July 4, 2018 4:35 AMLIC is understood to considering paying the government the last three months’ average trading price of the stock, which is around Rs 62/share.
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No digression from fiscal path, says Arun Jaitley
FE Bureau | July 4, 2018 4:25 AMUnion minister Arun Jaitley on Tuesday asserted that the government was committed to the path of fiscal discipline laid in the latest Budget.
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Modicare: Government to let market decide NHPS rate
FE Bureau | July 3, 2018 5:59 AMTo be rolled out from August 15, the scheme would provide 10 crore families a free healthcare policy
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No service charge on e-tickets: IRCTC to get Rs 120 crore from Finance Ministry to make up for loss
Saurabh Kumar | July 3, 2018 12:30 PMIn further relief to Indian Railway Catering and Tourism Corporation (IRCTC), the finance ministry has decided to pay Rs 120 crore to the railways arm to offset the losses due to waiver of service charge on tickets booked online through its portal in 2018-19.
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Supreme Court upholds CVC and VC appointments
FE Bureau | July 3, 2018 5:48 AMThe Supreme Court on Monday upheld the appointment of central vigilance commissioner KV Chaudhary and vigilance commissioner TM Bhasin, who were appointed in June 2015 for a period of four years.
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GST: Collections increase to Rs 95,610 crore in May
FE Bureau | July 2, 2018 3:36 AMRevenue collections for May from the goods and services tax (GST) have come in at Rs 95,610 crore, of which Rs 31,645 crore will flow into central kitty and Rs 36,683 crore will go to the states.
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Proposed hike in MSP for crops to hit exports badly
Banikinkar Pattanayak | July 2, 2018 7:18 AMThe proposed hike in MSP for crops, based on 1.5 times the A2+FL costs, in the case of rice and cotton especially, is likely to hit India’s exports considerably.
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Piyush Goyal tells people to ask for bills on eve of GST Day
FE Bureau | July 1, 2018 12:00 AMGovernment will soon announce a three-digit customer care number for registering complaints against businesses not issuing invoices.
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What all Swara Bhasker said at the Express Adda – Full details here
Express News Service | June 30, 2018 3:50 AMBlending the personal with the political, she fielded a range of questions — from her choice in films to her social media account.
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PM Narendra Modi’s announcement: Govt to raise cane FRP in 15 days
FE Bureau | June 30, 2018 3:43 AMThe PM also announced that the Cabinet would approve next week the much-awaited MSP of 150% of input cost for the kharif crops
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Mumbai coastal road construction to start from October
Rouhan Sharma | June 30, 2018 3:38 AMThe Municipal Corporation of Greater Mumbai (MCGM) is aiming to start construction of the proposed Rs 15,000 crore Mumbai coastal road project from October this year.
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Government has little to show on labour reforms front
Surya Sarathi Ray | June 29, 2018 4:03 AMRSS-affiliated Bharatiya Mazdoor Sangh (BMS) squarely blamed policymakers for neglecting the importance of tripartite mechanism needed to bring in large-scale labour reforms.
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‘Making E, V bands licence-exempt can lead to higher economic benefits’
Rishi Ranjan Kala | June 29, 2018 4:08 PMThe institute added that many potential users may be individuals and organisations, who would be outside the regulated telecom sector, and placing licensing requirements on them may restrict innovative uses.
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Telecom Commission to take up national telecom policy today
Rishi Ranjan Kala | June 29, 2018 3:50 AMSources said the meeting of the Telecom Commission will review the NDCP among other issues including some additions to the public Wi-Fi project by the DoT.
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5 states for buying 3,000 MW from power plants sans PPAs
Anupam Chatterjee | June 29, 2018 3:46 AMGujarat, Maharashtra, Rajasthan, Bihar and Jharkhand together want to buy 3,000 MW of power under a government scheme to promote purchases from plants without PPAs.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
