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

Microsoft seeks easing of e-commerce norms, favours sharing of data within group firms

The development relates to the first meeting of stakeholders, which took place earlier this month, after the department for promotion of industry and internal trade (DPIIT) came out with its draft e-c

Microsoft, sharing of data, e-commerce policy, DPIIT, data storage rules, Microsoft, netflix, LocalCircles News

Non-disclosure of banks’AIRs: SC warns RBI of contempt action

The apex court had in January sought response from the RBI on petitions filed by RTI activists Subhash Chandra Agrawal and Girish Mittal seeking initiation of contempt proceedings against the Central

Non disclosure of banks, RBI,Annual Inspection Reports, Reserve Bank of India, RTI Act, Axis Bank News

Nirav Modi case: NCLAT notice to corp affairs ministry on PNB ex-CEO’s plea

Law Tribunal (NCLT), Mumbai, allowing the Centre’s plea to implead her as a respondent in the PNB-Nirav Modi fraud case.

Nirav Modi case, NCLAT, Usha Ananthasubramanian, pnb fraud case, PNB-Nirav Modi fraud case News

Over 50% Indians satisfied with governance; unemployment still biggest concern: Pew survey

Most Indians are happy with the direction of the country and economic prospects for the next generation, a Pew survey published weeks ahead of the general elections showed, though the level of satisfa

unemployment, general elections, Narendra Modi, Jammu & Kashmir, terrorism, Indian democracy,  News

Power demand continues to slide in Uttar Pradesh; experts attribute it to open access

The country’s most populous state — where aggregate technical and commercial (AT&C) losses of discoms are among the highest — declaring muted electricity requirement also coincides with rising p

Power demand, Electricity requirement in Uttar Pradesh, Saubhagya scheme,UDAY scheme, discoms News

Shakti scheme: Govt eases eligibility norms for plants

According to the new directive, power plants without power purchase agreements (PPAs) can apply for coal linkages, provided electricity generated from this coal is sold through spot power exchanges or

Shakti scheme, coal ministry, power purchase agreements, Power plants, DEEP portal News

India seeks bids for transmission lines worth $5 billion to fuel renewables growth

India has awarded tenders for 12 GW of transmission lines since December, while bids for a further 16 GW will be launched by the end of June.

India, renewables growth , renewable energy targets, renewable energy, Narendra Modi,  solar power generation News

IGST-credit-first rule: Taxpayers unsure of GSTN fiat’s legal status

The GST Act saw several amendments last year, which included changes in discharge of tax liability from the existing input tax credit (ITC) in the electronic ledger of an assessee.

Economy News

UP, Maharashtra, Gujarat lead in PM-Kisan rollout

Many states that figure prominently on India’s agriculture map seem to have shown little efficiency or alacrity in completing the necessary formalities to ensure the income support reach the farmers

pm kisan, pm kisan yojana, pm kisan nidhi yojana, pm kisan samman yojana, kisan yojana nidhi, pm kisan up, pm kisan uttar pradesh News

RBI’s swap mechanism to boost liquidity, says Subhash Chandra Garg

To shore up liquidity in the system, the RBI has purchased bonds worth Rs 2.9 lakh crore. Now, it wants to try out the swap mechanism to inject liquidity instead of undertaking more open market operat

rbi swap deal, rbi swap, rbi swap window, rbi swap facility, News

Govt panel seeks probe in Pune Metro tender

MMRCL is a special purpose vehicle equally owned by the government of India and the government of Maharashtra.

Pune Metro News

IDBI Bank still in public sector; no threat of job losses

Although technically, IDBI Bank is not a public sector bank (PSB), there can’t be any retrenchment of employees following the LIC acquisition, as existing rules will continue to be applicable.

Banking & Finance News

Railways to miss electrification target by a wide margin

Electrification of tracks is expected to reduce diesel consumption by about 2.8 billion litres, resulting in the railways reducing its energy bill by about Rs 13,000 crore per annum by FY22.

Infrastructure News

Govt warns mills of action for selling sugar below MSP

The government has now warned mills of strict action if they offload stocks below the minimum sale price set by it.

India News

DBT transfers increase 47 per cent, but little growth in saving

Transfers of assorted subsidies and sops to the beneficiaries through the direct benefit transfer (DBT) route stood at Rs 2.8 lakh crore so far in FY19, 47% higher than such transfers during the whole

DBT transfers increase 47 per cent, but little growth in saving News

Fertiliser subsidy: Most farmers don’t know they receive benefit: Survey

The Centre spends some Rs 70,000 crore annually to heavily subsidise fertiliser for farmers, but two-third of the beneficiaries have no idea that they receive the largesse, a survey has found. About 9

Most farmers don't know they receive fertiliser subsidy: Survey News

Coal-based power tariff may see hike to boost renewables

Rise may be about 13% of average all-India price at which states procured non-renewable power in FY18.

Coal-based power tariff may see hike to boost renewables News

Bhushan Power operational creditors oppose CoC-approved plan

Counsel appearing on behalf of the OCs before the principal bench of the adjudicating authority also alleged that they were never given a copy of the resolution plan. The counsel also raised objection

CBI raids, 18 locations, Bhushan Power and Steel Limited, india news

GST rate cut for real estate: Council to fine-tune guidelines today

The Goods and Services Tax (GST) Council will on Tuesday consider the transition provisions for builders as the reduced GST rate for real-estate is coming into effect from April 1.

GST rate cut for realty: Council to fine-tune guidelines today News

No input tax credit for post-supply discounts: AAR

The authority for advance ruling (AAR) in Tamil Nadu has ruled that a firm would have to reverse the input tax credit (ITC) proportionate to the post-purchase discount extended by a supplier even if t

No ITC for post-supply discounts, rules AAR News

Lok Sabha Elections 2019: States to spend more to avoid power cuts during polls

Prices of short-term power depend on a number of seasonal and durational factors.

power sector, power industry, power supply, power tariff News
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