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Economy News

Centre to take ordinance route for Land Acquisition Act The government plans to exclude 13 central laws to clear several infrastructure and Public Private Partnership projects.
Sat, 27 Dec 2014 15:29:22 +0530
RBI governor Rajan questions farm debt waiver schemes Andhra Pradesh and Telangana governments have declared loan waivers for the farmers hit by cyclone Phailin last year.
Sat, 27 Dec 2014 15:27:00 +0530
Sapna Das Finance Minister Arun Jaitely Friday met the states on pre-budget consultations with the purpose of considering the proposals given by them at the time of framing the Budget. As per the demands, majority of states want a quick implementation of the good and services tax (GST).
Fri, 26 Dec 2014 20:11:54 +0530
Jyotsna Suri According to Jyotsna Suri, Q3 will not be much different from Q2 and the real growth will be seen only from FY16-17 onwards.
Fri, 26 Dec 2014 19:33:27 +0530
Jayant Sinha The government has targeted fiscal deficit of 4.1 percent of GDP for FY 15, down from 4.5 percent in the previous year and plans to reduce it further to 3 percent by 2016-17.
Fri, 26 Dec 2014 17:13:04 +0530
Jaitley to meet state FMs on Friday on upcoming Budget After meeting state finance ministers, Jaitley will start customary pre-budget consultations with different interest groups, including industry and trade unions.
Fri, 26 Dec 2014 08:38:10 +0530
DBT for LPG world's largest direct benefit transfer scheme The direct benefit transfer on LPG (DBTL), under which cash subsidy is paid to consumers so that they can buy cooking gas at market price, was rolled out in 54 districts from November 15 and will be extended all over the country from January 1.
Fri, 26 Dec 2014 08:34:16 +0530
Credai calls for reforms in realty sector in New Year The Confederation of Real Estate Developers' Association of India (Credai) also sought "political will" for reforms.
Fri, 26 Dec 2014 08:31:23 +0530
Govt raises edible oil import taxes to protect farmers In an order made public on Thursday, it said the import tax on the crude variety of vegetable oil would rise to 7.5 percent from 2.5 percent, while that on refined oil would rise to 15 from 10 percent with immediate effect.
Fri, 26 Dec 2014 08:02:34 +0530
Anil Swarup The Union Cabinet has decided to take the ordinance route for Coal and Insurance Bill after it was unable to get the Rajya Sabha's nod. The first round of coal auction will take place from February 14-22.
Wed, 24 Dec 2014 18:58:43 +0530
'Can ordinance bring in FDI?': Winter Session look-back Even as the Lok Sabha, where the ruling BJP enjoys an absolute majority, recorded one of the most productive sessions witnessed over the past several years, the record in the Rajya Sabha was dismal.
Wed, 24 Dec 2014 13:31:15 +0530
Himanshu Baid This comes as a major positive for Indian companies as India currently imports over 70 percent of medical devices.
Wed, 24 Dec 2014 12:44:42 +0530
Rajesh Sud Earlier, an ordinance on coal was introduced on October 20 after the Supreme Court scrapped over 200 coal block allocations. It was valid till the January 4 as the life-span of an ordinance is only six weeks since the inception of a Parliament session.
Wed, 24 Dec 2014 12:16:05 +0530
Rate cut must for investment boost; attain 7-8% growth: CEA He also hinted at "other measures" to generate additional revenues if it appears difficult to meet fiscal deficit targets this fiscal with planned Rs 60,000-80,000 crore expenditure cut.
Tue, 23 Dec 2014 22:05:12 +0530
Govt to consider easing FDI norms for medical devices biz At present, the medical devices sector falls under the pharmaceutical category and is accordingly subjected to FDI limits and other conditions such as mandatory government nods.
Tue, 23 Dec 2014 22:02:30 +0530
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Politics

A Bill for inclusion of the leader of single largest opposition party in Lok Sabha as a member of a committee selecting chairperson and members of Lokpal will be brought in the next session of Parliament, Union Minister Jitendra Singh said on Saturday.
Akhter said his party's stand on safeguarding Article 370, which guarantees special status to Jammu and Kashmir within the Indian union, was non-negotiable.
BJP leader Ram Madhav said, "We have got crucial mandate in J&K. We will have a role in government formation."
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India

"Why is America so developed? Because they decided to discard all imperialist practices," Singh said.
The cases have been registered against Director of Saradha Group Sudipta Sen on allegations of cheating and criminal breach of trust.
Indian Army chief Gen. Dalbir Singh reached Assam on Saturday, as the security forces intensified operations along the Bhutan border in the aftermath of the gory killings by Bodo militants.
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Tech

A new feature in Twitter's iPhone app can find how many people are reading your tweets, retweeting or clicking on a link you posted.
Called the Empowered Brain Suite for Autism, the app encourages kids to interact with their parents and make eye contact by presenting exercises like a game.
Amazon considers its $99-a-year Prime membership, which confers free two-day shipping and streaming of select movies and songs, essential to driving its growth and margins.
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