Economy

India’s coal imports surge 40% owing to washery shortage

The firms have warned that imports of the fuel, which could drive up India’s goods trade and current account deficit, could rise further if adequate number of domestic washeries are not set up in th

India’s coal imports surge 40% owing to washery shortage News

India to host informal ministerial of WTO on May 13-14

The move comes at a critical time when growing unilateral protectionist policies by the US and some others, and a trade war involving the world’s top two economies, have put to test the multilateral

India to organise informal ministerial of WTO on May 13-14 News

Trade deficit narrows: Exports up 11% in March, 9% in FY19

Merchandise exports in March stood at $32.55 billion against $29.32 billion in the same month last year. This is the best growth rate for exports since October 2018, when shipments grew by 17.86%.

Trade deficit narrows: Exports up 11% in March, 9% in FY19 News

States procure more than Centre on GeM portal in FY19

GeM was set up in August 2016 to improve transparency as well as efficiency of the public procurement system. The Centre has now made it mandatory to buy such items through GeM for its various departm

States procure more than Centre on GeM portal in FY19 (Representational image) News

PSU disinvestment: Govt invites suiters for sale of 98% stake in drugmaker IMPCL

The last day for submitting EoIs is May 18. The selected bidder will be required to lock in its shares for a period of three years

Govt invites EoIs for sale of 98% stake in IMPCL (Representational image) News

Developing country tag: US seeks review at WTO, targets China, India

Analysts say India, with poor per capita income and HDI ranks, can’t be compared with China, Singapore or South Korea.

Economy News

Food Corporation takes fresh NSSF loan of Rs 60,000 crore

The budgeted food subsidy through FCI for 2018-19 was Rs 1.4 lakh crore (of the total food subsidy of Rs 1.7 lakh crore), of which, the Centre has paid about Rs 80,000 crore from the Budget.

Economy News

Disposing demonetisation cases: CBDT sets June 30 deadline for assessment

Nearly 80,000 assessees have still not replied to notices after they were found to have deposited cash during the demonestisation period that was not commensurate with their profile.

Economy News

Future direction of China’s growth glimpsed in historic town’s revamp

President Xi Jinping has given himself more wiggle room by lowering the annual growth target to a range of 6 to 6.5 percent this yea

china, economy News

Sates provided wrong data to avoid transmission charges

States have been providing misleading data to save on transmission charges of electricity, a report published by the Central Electricity Regulatory Commission (CERC) pointed out.

Industry News

Upgrade existing lines to improve transmission, CEA tells power utilities

The Central Electricity Authority has suggested power utilities to consider installing high-performance conductors in their existing and new power lines. Conductors constitute 30%-40% of total cost of

Industry News

GST evasion in Gujarat: Rs 360 crore recovered in 1,500 cases

The Goods and Service Tax (GST) department has registered over 1,470 cases of tax evasion in the financial year 2018-19 and recovered around Rs 360 crore in Gujarat.

Economy News

Public sector banks to get more govt capital in H1FY20

The finance ministry believes the worst is over for state-run banks as they are well capitalised at the moment. The government had infused around Rs 1.06 lakh crore in FY19.

Banking & Finance News

Populism rises: India needs a new consensus on growth and opportunity

India’s “demographic dividend” — its growing population is one of the youngest in the world — won’t last forever.

Populism, india, narendra modi, joblessness, india economy, inequality, poverty, exports, Air India Ltd, lok sabha elections 2019, Rahul Gandhi  News

Indian Railways achieves highest ever capital expenditure in 2018-19

As reported by FE, after negotiations that went on for almost a year, the ministry of finance has agreed to service debt—both principal and interest—which the Indian Railways will take under EBR t

Infrastructure News

IMF cuts India’s GDP growth forecast to 7.3% for FY20

In its latest World Economic Outlook report, the Fund said India’s growth is projected to pick up to 7.5% in FY21, aided by the “continued recovery of investment and robust consumption amid a more

Economy News

Power transmission capacity addition hits 4-yr low in FY19

Contrary to their state-run counterparts, the private sector players have laid down 66% more transmission lines year-on-year (y-o-y) by commissioning 3,840 ckm in FY19.

Industry News

5G in India: DoT asks Trai to reconsider reserve price for auction of spectrum

Going by global standards the price of Rs 492 crore per Mhz for 5G spectrum is on the higher side as the South Korean auctions which was happened just a month back had the price at Rs 130 crore per Mh

Industry News

Lok Sabha 2019 elections to see male-female voter turnout gap narrow to below 4%: Report

The gap in male and female voters had already declined to only about 4% in 2014 after remaining stagnant at over 8% between 1996 and 2004. States like Bihar, UP, MP, Maharashtra and J&K, which are not

Gujarat Lok Sabha Election, Voter Survey, ADR Survey, BJP, Congress, PM Modi, Rahul Gandhi, News

Madras HC quashes land acquistion for Chennai-Salem expressway project

The financial consequences were not analysed by the consultant. The state government had in last May issued a notification and started acquiring lands for the project, evoking strong protests by the f

aiadmk, madras hc, 18 rebel mlas, tamil nadu govt, tn mla disqualification News

Power sector needs Rs 9.4 lakh crore investment to curb emission

Renewable energy and installation of power plant equipment to lower emissions are expected to attract maximum investments in the power sector.

Industry News

What govt plans to clear record foodgrain stock

Sources said the reserve price of wheat may be Rs 2,000-2,030 per quintal since the Madhya Pradesh government has been paying a bonus of `160/quintal over and above the minimum support price of Rs 1,8

Economy News

Need to develop proper matrix to understand changes in economy, job creation, says Suresh Prabhu

Prabhu said that in 1960s and 1970s, the government used to provide bulk of the jobs and then came the private sector.

SURESH PRABHU, JOBS, ECONOMY News

NBCC chairman and MD AK Mittal denied extension

Last year, Mittal's extension was cleared till March 2019 after he had received a clean chit from the NBCC's vigilance department subsequent to being named in an FIR filed by the Central Bureau of Inv

Industry News

Distressed farmers in Wayanad are pinning hope on Rahul Gandhi

Joseph Ottaplackal, secretary of the Church-led farmers' organisation INFAM told FE that the situation in Wayanad is bad and small farmers are finding it hard to survive.

Elections News

Attention Taxpayers! New ITR forms for AY 2019-20 out — check details here

Additionally, ITR-1 Sahaj form meant for individuals excludes those who are directors of company or have investment in unlisted equity shares. An individual who has to report income on which TDS has b

New ITR forms, New ITR forms 2019-20, ITR forms,Taxpayers,ITR-1 – SAHAJ, ITR Filing, News

Mills to pay interest on delayed cane payments for 2012-15: Uttar Pradesh to HC

In an affidavit filed before an Allahabad HC Bench, UP cane commissioner Sanjay Bhoosreddy said while profit-making sugar mills would pay an interest of 12% on their dues to farmers, loss-making units

Industry News
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