Electricity generation rises 6.7 pc in April-December

Power plants across the country generated 1,047.3 billion units (BU) of electricity in April-December, 2018, registering a 6.7% year-on-year (y-o-y) growth.

Economy News

No plan to waive farm loans, says Finance Ministry

The government on Tuesday ruled out a farm loan waiver, even as various states have announced such plans in the build-up to the general election this year.

Economy News

Boost to fisc: RBI may transfer Rs 30,000 crore interim dividend to government

The transfer could take place before the RBI’s Economic Capital Framework panel submits its recommendation

RBI, GDP, public sector banks, Economic Capital Framework, Subhash Chandra Garg, Shaktikanta Das, urjit patel News

GDP grows 7.2 per cent in FY 19, a three-year high

The economic growth will scale a three-year peak of 7.2% in the current fiscal, against 6.7% a year before, as a recovery in the investment cycle is expected to soften the blow of a slowdown in privat

GDP, economic growth, GDP growth, Reserve Bank of India, oil prices News

Government to come out with sops for nomination-era oil and gas fields soon

To raise the production of hydrocarbons, the government is planning to provide fiscal incentives for fields from the nomination era. Difficult fields from the nomination era will be given additional i

gas fields, OALP, Dharmendra Pradhan, HELP, ONGC, Oil India,  News

Bad news for Modi government ahead of Budget 2019: Direct tax growth lower than estimates in April- December

The net (post-refunds) direct tax collection for April-December period this fiscal was Rs 7.43 lakh crore, up 13.6% from the year-ago period.

Direct tax growth, CBDT,  GST collections, IDS, Sushil Chandra  News

Power sector employees go on two-day strike from Tuesday

Public sector power utility employees across the country, including engineers, will start a two-day nationwide strike on January 8 to voice their demands and highlight alleged privatisation attempts.

Economy News

High demand, rising tariff surge gencos’ revenue by 7 pct

The rise in power demand, coupled with state-electricity regulators revising power tariffs, is seen to have raised the revenue earned by power generating companies (gencos) in Q3, FY19.

Economy News

It is safe to allow slightly higher fiscal deficit, says FICCI president Sandip Somany

The Centre should keep spending momentum while the Reserve Bank of India (RBI) should immediately cut interest rates to support economic growth, as inflation rate is much below the projected level, in

Industry News

Breather for Vodafone Idea: Supreme Court admits telco’s appeal in tax dispute

The Supreme Court has sought the income tax department’s response on whether installation of cell site towers by telecom companies in existing telecom circles amounted to ‘extension of existing bu

Industry News

Recapitalising banks: Government infused Rs 51,533 crore into public sector banks by December, 2018

The crucial move was expected to enable 4-5 banks, including Bank of India and United Bank, to come out of the PCA framework in the coming months.

Economy News

Increase in power demand must translate into more PPAs: RK Singh

We have connected more than 2.4 crore households since the launch of the scheme in October 2017.

Economy News

Investments lowest in 12 quarters for new projects: Report

According to a recent Crisil report, the share of private sector investments in India’s infrastructure sector hit a decadal low in financial year 2017-2018 with gaps in policy, project structures, i

Economy News

Rajnath Singh to be chief guest at 13th Ramnath Goenka journalism awards

BEACH SAND mining in Tamil Nadu, a tobacco giant’s campaign to get around the global anti-smoking treaty, the aspirations of women cricketers in Punjab, the life and death of those who keep our citi

India News

Rafale verdict: Yashwant Sinha, Arun Shourie move Supreme Court seeking review

It also alleged that the Centre had “blatantly misled” the court and the “court has grossly erred in placing reliance on false averments in the note not even supported by an affidavit”.

India News

Govt to discuss IT Act changes on social media with advocacy groups on January 5

The Ministry of electronics and IT (MeitY) is meeting members of various advocacy groups related to internet freedom on January 5 to deliberate on the proposed changes to the IT Act which will make so

Industry News

PMJAY Ayushman Bharat: Nearly 7 lakh provided treatment in first 100 days

NHA plans to issue about five crore beneficiary cards to inform people and generate hospitalisation demand from rural population.

Economy News

GST revenue drops: Collections at Rs 94,726 crore in December

We should also expect more enforcement and investigations cases in next few months.”

Economy News

Open to more PPP projects to boost Indian Railways infrastructure: Vinod Kumar Yadav, New Railway Board chairman

“Infrastructure development has seen a threefold jump with the increase in new lines, doubling, tripling and electrification in the last few years and will be open for more public private partnershi

Infrastructure News

Goods & Services Tax gaffe: Govt gives two vastly different numbers on GST evasion

In two different replies to Lok Sabha questions made within a gap of a fortnight, the government came out with two vastly different numbers on goods and services tax (GST) evasion.

Economy News

‘NHAI ordering to slow down, land costs to remain stable till 2020’

With limited ordering in road projects projected for the next few years, the cost of land acquisition, too, is expected to remain stable in a range of Rs 3-3.5 crore per hectare till 2020.

Economy News

Seci invites bids for 2,400 MW renewable energy generation plants

This is the sixth tranche of competitive bidding held by Seci for wind power.

Economy News

Road construction sees slight jump during April-November

The pace of construction of highways inched up to 24 km per day during the April-November period of the current year from 20.5-km per day in the year-ago period.

Infrastructure News

What eight social trends told us about US economy in 2018

Regardless of geography, Americans shopped online in 2018 as e-commerce continued its relentless ascent.

Industry News

PSBs’ NPAs drop Rs 23,860 cr in first half of current fiscal

Non-performing assets (NPAs) of public sector banks (PSBs) dropped by Rs 23,860 crore in the first half of the current fiscal from a peak of Rs 9.62 lakh crore in March 2018, in a sign that the worst

Economy News

FY19 direct tax mop-up rises 14% till Dec 20

The government on Friday said the net direct tax collection till December 20 this fiscal amounted to Rs 7.36 lakh crore, a growth of 14% over the same period a year ago.

Economy News

’59-minute’ scheme by Modi: Whopping! 1.12 lakh loan applications approved; Rs 37,412-cr loans sanctioned

State-run banks have given in-principle approval to 1.12 lakh loan applications of MSMEs, totalling Rs 37,412 crore, under the ‘59 minutes’ loan scheme, launched by Prime Minister Narendra Modi on

Economy News
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