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Economy

Lok Sabha elections: BJP manifesto to focus on more jobs, infra growth

With elections poised to start in days, the BJP – which is yet to announce its manifesto – is banking on the support of around 220 million Indians it says have directly benefited from the governme

Lok Sabha Election in Uttar Pradesh, BJP, Prime Minister Narendra Modi, SP-BSP-RLD Alliance, Congress. News

Private equity, venture capital investments hit $10 billion landmark in Q4

Infrastructure related companies, especially in energy, roads and telecom, accounted for 48% of the investment value during the period — accounting for $4.9 billion across 16 deals — compared to $

Markets News

Fitch denies India an upgrade for the 13th year in a row

However, the rating agency added that a robust growth outlook continues to support India's credit profile. Nevertheless, Fitch expects growth to slow down to 6.8% in FY20 from an estimated 6.9% this f

Economy News

Rahul Gandhi’s Wayanad bait brings hope to Kerala tourism

Even as squabbles over the Sabarimala issue and a series of trade shutdowns have acted as a deterrent to domestic tourist arrivals in the God’s Own Country, the VVIP candidate has inadvertently open

Industry News

Will stick to fiscal discipline if re-elected: Arun Jaitley

The Reserve Bank of India Thursday cut its GDP growth forecast for the current fiscal by 20 basis points to 7.2%.

Economy News

Trade war: US sets 2025 target for China to fulfill trade pledges

The goal over the next few days is to strike an agreement on the core issues so President Donald Trump and Chinese leader Xi Jinping can hold a ceremony to sign a deal. Trump plans to meet Liu at the

Trade war: US sets 2025 target for China to fulfill trade pledges (AP Photo/ File) News

RBI wants to disclose bank’s annual inspection reports on case to case basis

Last year in November, the CIC too had issued a show-cause notice to Urjit Patel, then governor of the RBI, for not honouring a judgment of the apex court on disclosure of wilful defaulters’ list wh

Banking & Finance News

Finance Ministry to service railway loans for ‘nationally important’ projects

The nationally important projects to be funded via the new mechanism include projects in the northeast, apart from others, but are not strategically important projects for which funds come from the d

Infrastructure News

SC order impact: RBI may revise framework for debt resolution

Of course, the high-profile insolvency cases such as Essar Steel, Bhushan Power and Steel and Jaypee Infratech, which had reached the IBC arena before the RBI issued the contentious circular, won’t

Industry News

MSP hike spills over to WPI inflation

Deflation in food articles, which have a near 46% weight in the CPI basket, has kept a leash on overall retail inflation for five months now.

Economy News

ED attaches Viceroy Hotels properties worth Rs 315 crore

Accordingly, the properties of Viceroy Hotels, Hyderabad to the extent of `315 crore (approx.) were provisionally attached under the provisions of PMLA. Further investigations are in progress.

India News

COAI expects new government to reduce levies after Lok Sabha polls

The Telecom Regulatory Authority of India (Trai) has already recommended that SUC should come down to 1% and LF should come down too.

Economy News

Power producers point out RBI’s inconsistency on resolution norms, SC judgement today

As reported by FE earlier, on the final hearing the RBI had told the court that none of the petitioners (corporate defaulters) from a variety of industries like power, shipping and sugar could come up

Industry News

With tax receipts falling short of target, Govt’s FY19 spending seen at 97.5% of RE

Under the scheme, a sum of `6,000 per year would be disbursed in three equal instalments to small and marginal farmers having a cultivable land of 5 acre or less.

Economy News

Domestic air passenger growth remains subdued in February

However, the passenger load factor (PLF) for carriers improved m-o-m to 89.1% (v/s 85.9% in Jan’19 and 84.9% in Q3FY19).

Industry News

City Gas Distribution: New gas licences promise solid gains

While some experts have expressed doubts about the aggressive bidding in latest rounds, private players are sure of meeting targets.

Industry News

What firms are doing to bag lucrative gas distribution contracts

These numbers compare to the average of 50 CNG stations (total 4,346) across the 86 GAs during the ninth round.

Economy News

Current account deficit widens to 2.5% of GDP in Q3 on account of a higher trade deficit

On a balance of payment basis, the reserves shrank by $4.3 billion in Q3FY19 compared with depletion of $1.9 billion Q2FY19.

CAD, trade deficit, GDP, Nirav Modi fraud, FPI,  current fiscal, Portfolio investment News

CBDT asks I-T to probe money laundering by firms struck off by RoC

During FY 18, the RoCs had removed over 2.25 lakh companies for failing to furnish financial statements and annual returns for more than two consecutive financial years.

CBDT, IT, income tac department, money laundering, National Company Law Tribunal, economy news

Kerala govt entity raises Rs 2,150 crore via masala bonds

KIIFB is also the country’s first state government agency to access the offshore debt market.

Vijaya Bank, Dena Bank, Bank of Baroda, BoB, account holders, borrowers, depositors News

Facebook, WhatsApp, other social media sites face Rs 5 crore penalty for data breach

Sources said considering the tremendous growth of IT platforms, including social media platforms and the increasing contraventions being reported, the residuary penalty is not considered adequate and

MeitY, data breach, Facebook, WhatsApp, Twitter, Information Technology, Information Technology Act, economy news

Low inflation helped the middle class, says CEA Krishnamurthy Subramanian

The inflation has been well under control in the tenure of the current government.

Inflation, GST, Krishnamurthy Subramanian, Monetary policy framework, debt repayment News

Madhya Pradesh rolls out Bhavantar scheme for kharif 2018, to spend Rs 1,000 crore

The Congress, which won the Assembly election after a gap of 15 years on the back of its farm loan waiver promise, cannot ignore the resentment at a time when the Lok Sabha election is due in April-Ma

Madhya Pradesh, Bhavantar scheme, kharif 2018 crop, PM AASHA,  MSP News

India solar panel prices continue to fall on 25% y-o-y dip in global rates

Kunal Chandra, managing director of Proinso India, the Indian arm of the UK-based solar solutions provider, said going ahead, some of the important events that will drive demand in the solar market wo

India solar panel prices, China, Malaysia, Proinso India,  solar sector News

Trading in RECs falls by 4% this fiscal

REC inventory are those renewable energy credits attributable to the generating plants that own electricity generated from the renewable source first and then push it to the grid.

India Energy Exchange, renewable energy certificates ,  REC inventory, REC trading session, IEX News

Income tax mop-up just 85% of revised estimates; CBDT terms decline alarming

Asks field officials to take urgent steps; collections at only 85% of RE with just a week to go before fiscal end

income tax collections, Central Board of Direct Tax, GDP, GST, GST revenue collections News

LPG, Kerosene subsidies: Govt unlikely to pay Rs 32,000 crore dues before March-end

After adding the carried forward amount from last year, the total subsidy demand for the current year comes to around Rs 48,500 crore.

LPG subsidies, LPG prices, petroleum ministry, PMUY, finance ministry, BPCL, indian oil News
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