EconomyLoop
where regional business news becomes global to everyone

National Waterways policy cleared by Cabinet; Nitin Gadkari says 1.8 lakh jobs to be created, Manohar Parrikar hails ‘immediate benefits’

The Union Cabinet today cleared the National Waterways policy. The government approved the allocation of 2.5 per cent of the Central Road Fund for National Waterways which according to PTI, would provide around Rs 2,000 crore per year for the NWs. T... read more

 Financial Express14 minutes ago

     
New procurement policy to promote manufacturing growth: Ficci

The government today approved a policy to give preference to local goods and services in public procurement with a view to generate employment and promote 'Make in India' initiative. The post New procurement policy to promote manufacturing growth: Fi... read more

 Financial Express42 minutes ago
Make in India gets sourcing push from govt

Cabinet also approves abolition of FIPB, strategic partnership policy defence... read more

 Business Standard57 minutes ago
You can never bring about change if you only get in outsiders: Prabhu

Interview with Railway Minister Suresh Prabhu... read more

 Business Standard57 minutes ago
NHAI to have new wings for global projects, e-ways: Nitin Gadkari

Interview with Nitin Gadkari, the Union minister of road transport and highways, and shipping... read more

 Business Standard57 minutes ago
Centre hikes sugarcane fair price by 10.6%

With sugar prices improving and helping mills, the central government announced it had raised its "Fair and Remunerative Price' of sugarcane for the 2017-18 season that starts from October by Rs 25 a quintal, to Rs 255 a qtl, the first increase in tw... read more

 Business Standard1 hour ago
Volkswagen launches premium carline Tiguan

Passenger car manufacturer Volkswagen on Wednesday launched its premium carline Tiguan with a starting price of Rs 27.68 lakh (ex-showroom Mumbai).... read more

 Zee India News1 hour ago
Centre may expand UDAN’s wingspan

Routes which don’t have flight services may become part of the scheme... read more

 The Hindu2 hours ago
Fuel cess to fund waterways

The Union Cabinet on Wednesday approved a decision to use a portion of its fuel cess for funding the development of national waterways.“Cabinet has approved an allocation of 2.5% of the Central Road F... read more

 The Hindu2 hours ago
Demonetisation effect: 12.54 lakh PoS terminals added in January-March quater

Various departments under government of India have come out with list of achievements on the third anniversary of the NDA government under Prime Minister Narendra Modi. The post Demonetisation effect: 12.54 lakh PoS terminals added in January-March q... read more

 Financial Express2 hours ago
Tweak in UDAN to woo more airlines

Green light likely for services on underserved routes between regular airports... read more

 Business Standard2 hours ago
GST still more complex than it should be, says Arvind Subramanian

Challenges that we face are non-performing assets and twin-balance sheet problem, says Subramanian... read more

 Business Standard2 hours ago
DeMo effect: 12.54 lakh PoS terminals added in Jan-March quarter

The Finance Ministry on Wednesday said as many as 12.54 lakh Point of Sale (PoS) terminals were added in January-March this year, giving a boost to government's efforts to promote digital transactions after demonetisation.... read more

 Zee India News2 hours ago
77 lakh new subscribers signed up: EPFO

In the Employees` Enrolment Campaign, 2017, an Employees` Provident Fund Organisation (EPFO), as many as 77 lakh new subscribers have been enrolled.... read more

 Zee India News2 hours ago
GST rollout deadline will not be extended, says top official

60.5 lakh eligible tax payers have registered out of 83 lakh... read more

 The Hindu2 hours ago
Govt okays raising of Rs 2,360 cr through bonds for clean energy projects

The government today approved raising of Rs 2,360 crore through bonds for renewable energy projects in the current fiscal. "The Cabinet chaired by the Prime Minister Narendra Modi has given its approval to raising of bonds of Rs 2,360 crore for rene... read more

 Business Standard3 hours ago
Three years of PM Narendra Modi: Financial schemes take a big leap

As the Narendra Modi-led NDA government is about to complete three-years in office, various financial schemes of the government have taken a big leap. The post Three years of PM Narendra Modi: Financial schemes take a big leap appeared first on The F... read more

 Financial Express3 hours ago
Lodha U.K. raises $375 million

Lodha Group’s London-based arm Lodha U.K., has raised $375 million (£290 million) as construction funding from private investment firm Cain Hoy for its Lincoln Square development in London. Named as N... read more

 The Hindu3 hours ago
Demonetisation: Over 12 lakh PoS terminals added in 3 months up to March

Govt undertook a major drive to promote digital transactions from December onwards... read more

 Business Standard3 hours ago
Greater Noida metro: Decks cleared for central funding

The project is scheduled to be completed by April next year at total cost of Rs 5,503 crore... read more

 Business Standard3 hours ago
‘GST rate on real estate not to impact property prices’

‘Incidence would match or be lower than the existing taxes’... read more

 The Hindu3 hours ago
Moody’s downgrading based on inappropriate methodology: China

China's Finance Ministry today dismissed a credit downgrade by Moody's, saying it is based on "inappropriate methodology" and argued that the rating firm has overestimated the difficulties faced by the world's second largest economy. The post Moody's... read more

 Financial Express3 hours ago
M&M electric vehicles put on fast lane

Plans to sell 5,000 electric cars a month by mid-2019 and investments are being made to add capacity... read more

 The Hindu3 hours ago
TRAI defends decision to impose penalty on 3 firms

Regulator says Airtel, Idea, Vodafone violated licence norms... read more

 The Hindu3 hours ago
We're making good progress on all fronts, says Nitin Gadkari

'We're making good progress on all fronts'NITIN GADKARI, the Union minister of road transport & highways and shipping, says he aims to speed the pace of work in the government. So, while he talks to Megha Manchanda & Jyoti Mukul for an interview, he ... read more

 Business Standard4 hours ago
NHAI to have new wings for global projects, expressways

NHAI International will execute projects in Sri Lanka, Nepal, Bangladesh, Iran, some African nations... read more

 Business Standard4 hours ago
Govt approves procurement policy for local goods to push 'Make in India

20% margin of purchase preference for local suppliers in procurement of Rs 50 lakh or more on cards... read more

 Business Standard4 hours ago
Realtors differ over GST's impact on housing prices

Real estate bodies Naredco and Credai Wednesday gave contrasting assessments of the impact of GST on housing prices, highlighting the prevailing confusion in the sector regarding the new indirect tax regime.... read more

 Zee India News4 hours ago
Jet Airways introduces third Mumbai-London non-stop flight

The airline will deploy Boeing 777-300ER -- the biggest aircraft in its fleet -- on this route, the statement added.... read more

 Zee India News4 hours ago
Moody's downgrading based on inappropriate methodology: China

China's Finance Ministry today dismissed a credit downgrade by Moody's, saying it is based on "inappropriate methodology" and argued that the rating firm has overestimated the difficulties faced by the world's second largest economy.... read more

 Zee India News4 hours ago
Google shortlists six start-ups for support

Programme has aided 26 Indian firms... read more

 The Hindu4 hours ago
HCL Technologies proposes ?3,500 crore share buy-back

The equity move is to return excess capital to shareholders... read more

 The Hindu4 hours ago
India cancels 13 Gw coal-based plants; sign of energy transformation: Study

Finding is part of a report by Institute for Energy Economics and Financial Analysis... read more

 Business Standard4 hours ago
Government to rethink norms to boost UDAN

Green light likely for services on underserved routes between regular airports... read more

 Business Standard4 hours ago
Ahead of GST, West Bengal tries to settle disputed taxes

Just before the states are preparing themselves to meet the July 1 deadline of the GST rollout, the West Bengal government, on Wednesday, amended the state's taxation laws, offering the hotels, restaurants, bars and cable operators a one-time settlem... read more

 Business Standard4 hours ago
India’s electric vehicles push to benefit China

SAIC, Chongqing Changan plans unit... read more

 The Hindu4 hours ago
As Moody’s downgrades China’s rating, will Modi’s India close the gap?

India is still five notches below China in sovereign debt ratings. It must tackle its high fiscal deficit and contingent liabilities if it is to seek a sovereign credit rating upgrade. The post As Moody’s downgrades China’s rating, will Modi’s India ... read more

 Financial Express4 hours ago
2.5 per cent of road fund to be allocated for National Waterways

The government today approved a proposal to allocate 2.5 per cent of the Central Road Fund (CRF) for National Waterways that would result in about Rs 2,000 crore proceeds per annum for their development. The post 2.5 per cent of road fund to be alloc... read more

 Financial Express4 hours ago
CM Manohar Lal Khattar invites Hong Kong industrialists to invest in Haryana

Haryana is a land of opportunities and enterprise and offers the best ecosystem to invest and reap the rewards of investment, Chief Minister Manohar Lal Khattar told industrialists in Hong Kong today. The post CM Manohar Lal Khattar invites Hong Kong... read more

 Financial Express4 hours ago
Piyush Goyal unveils solar mini grids project at AfDB meet

As part of the government's initiatives to take renewable energy to remote places, union minister for new and renewable energy, Piyush Goyal on Wednesday launched the solar mini grids project during the 52nd annual meet of African Development Bank (A... read more

 Business Standard4 hours ago
India keen to share latest renewable sector tech with Africa

The government today said it is keen to share the latest technology in renewable energy with Africa to power the remotest and poorest corners of the second largest continent. The post India keen to share latest renewable sector tech with Africa appea... read more

 Financial Express5 hours ago
Government appoints Taxmann.Com as GST Suvidha Provider

GSPs are appointed to provide a convenient mode to taxpayers and other stakeholders... read more

 Business Standard5 hours ago
Age proof not mandatory for Aadhaar enrolment: UIDAI official

Aadhaar is to authenticate existence of person with help of his biometric details: UIDAI official... read more

 Business Standard5 hours ago
Govt clears policy for strategic partnerships in defence

Jaitley said four sectors have been finalised for the model at present... read more

 Business Standard5 hours ago
Cabinet approves abolition of Foreign Investment Promotion Board

Cabinet approves abolition of Foreign Investment Promotion Board... read more

 Zee India News5 hours ago
Aadhaar: Age proof not mandatory for enrolment, says UIDAI official

It is not mandatory to provide age proof for Aadhaar enrolment but a valid document is required to correct the date of birth registered for the unique identity, a senior UIDAI official today said. The post Aadhaar: Age proof not mandatory for enrolme... read more

 Financial Express5 hours ago
What is FIPB? The 25-year-old Foreign Investment Promotion Board that the government has decided to abolish

During the budget speech for the 2017-18 session, on February 1, Finance Minister Arun Jaitley had announced the scrapping of the 25-year-old inter-ministerial body. The post What is FIPB? The 25-year-old Foreign Investment Promotion Board that the g... read more

 Financial Express5 hours ago
Cabinet approves hike in sugarcane fair price by Rs 25 per quintal for FY18

Mills have to pay Rs 255 per 100 kg from Oct 2017... read more

 Business Standard5 hours ago
Govt abolishes 25-year-old FIPB, new mechanism for FDI approval on anvil

FIPB was set up soon after India embarked on its first market reforms in 1991... read more

 Business Standard5 hours ago
Decision to place 28% GST rate on cinema halls discouraging: PVR’s Ajay Bijli

Terming the decision as "unfortunate" and "discouraging" Bijli said that he was expecting a lesser tax slab for the industry of around 12 per cent or 18 per cent and will make representation before the authorities to lower it. The post Decision to pl... read more

 Financial Express5 hours ago