Economy

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.

Kerala-ISRO space tech park likely to go live from June

The state Cabinet has cleared permission to allow 3.94 acre of land in Technocity, Thiruvananthapuram, on 90-year lease, sources said.

Pune to Mumbai in 25 minutes! Check key facts about multi-crore Hyperloop project

The Hyperloop project proposes to complete the journey from Pune to Mumbai in 25 minutes. The proposed project will line Pune from Wakad to BKC in Mumbai.

Regulations have to be reviewed in light of data becoming predominant, says TRAI chairman RS Sharma

Telecom Regulatory Authority of India (Trai) chairman RS Sharma said data has become the most deciding factor in the telecom sector.

Trade Wars: Paulson Warns of `Economic Iron Curtain’ Between U.S., China

Former U.S. Treasury Secretary Hank Paulson warned of an “Economic Iron Curtain” dividing the world if the U.S. and China fail to resolve strategic differences.

GST payment: Exporters favour online system of IGST refund

In terms of volume of exports, the split between exporters using IGST route to ITC mechanism was 15% and 85% at the start of GST regime.

Centre issues notice to 300 firms not complying with CSR norm

The Ministry of Corporate Affairs has issued preliminary notices to nearly 300 companies for not complying with CSR spending requirement under the companies law for 2015-16, a senior government offici

PMI survey: October services sector activity sees quickest growth since July

The services PMI was in the expansion territory for the fifth straight month. In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

Looming liquidity stress: MCA flags potential risks in HFCs

Amid fresh rumours that DHFL could default on payment pledge, the government has stepped up its monitoring of the NBFC segment.

US embargo on Cuba hit tech, drug transfer from India: Report

The report noted that not only has the embargo against Cuba remained in force, it has been tightened, as demonstrated by examples of the effects of the policy on Cuban entities and on third parties.

Blood money? 10 Indian workers died everyday in the Gulf in last six years; 117 deaths for every billion dollar remitted

Nearly 10 workers from India died everyday in the Gulf countries during the last six years, which translates to 117 deaths for every billion dollar remitted to the country from there, a voluntary grou

China’s imports of goods, services to exceed USD 40 trillion in 15 years, says President Xi Jinping

China's imported goods and services are set to exceed USD 40 trillion in the next 15 years, President Xi Jinping pledged Monday as he kicked off a major import fair in which India and 80 other countri

High gold prices likely to weigh on Dhanteras sales

Established brands see rise in sales but unorganised players, still holding a dominant market share, expect subdued sales.

HCL Foundation organises Bal Ganga Mela

HCL Foundation joined hands with the National Mission for Clean Ganga (NMCG) and German development agency GIZ to organise a 'Bal Ganga Mela’ at its campus in Noida on Sunday to raise awareness abou

Free trade is good economics as well as politics: Arvind Panagariya

The removal of various restrictions on trade lifted India’s exports six times in nine years through 2011-12 to over $300 billion, eminent economist and former vice-chairman of Niti Aayog, Arvind Pan

Govt vs Reserve Bank: Why differences may surface again

Despite a temporary easing in tension between the finance ministry and the central bank, differences could surface again when the Reserve Bank Of India's board meets next on November 19, as the minist

Cabinet clears ordinance to amend Companies Act

The Union cabinet on Thursday gave its approval for promulgation of an ordinance to bring amendments to the Companies Act 2013.

A clutch of states like Tamil Nadu and Madhya Pradesh to follow Maharashtra in APMC reform

After Uttar Pradesh amended the APMC Act in conformity with the model draft law framed by the Centre in April 2017, the Maharashtra government, last week, promulgated an ordinance allowing the traders

After tepid response, SECI relaxes norms to lure bidders for 10 GW solar auctions

Through the scheme, as much as 3 GW of cumulative annual solar manufacturing units are seen to be set up over three years, resulting in 10 GW of new generation capacities.

Why Australia will struggle to escape the next global economic slowdown

The nation’s vulnerability to increasing external risks was the overriding concern of a panel discussion held Thursday between Heather Ridout, chair of Australia’s largest pension fund

Karnataka High Court fines service tax commissioner for contravening tribunal order

In what could be a deterrent to tax officials who harass assessees, the Karnataka High Court earlier this month slapped a Bengaluru-based service tax commissioner (appeals) with a Rs 1-lakh fine — t

Good news for Railway passengers: Flexi-fares to be capped at 1.4 times

In a relief to passengers, the Indian Railways has revised the flexi-fare system — the peak fare will now be capped at 1.4 times the base fare instead of 1.5 times earlier, and the surge pricing has

Rail freight up 8.75% for most commodities

Indian Railways on Wednesday increased freight rates by 8.75% for major commodities such as coal, iron and steel, iron ore and raw materials for steel plants.

Modi brings sops to small business, to unveil MSME package; these benefits on cards

In an outreach to micro, small and medium enterprises (MSMEs), Prime Minister Narendra Modi will likely unveil a package on Friday for these units, including an export credit subsidy.

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