Economics

RBI creates new verticals for supervision and regulation

Two new departments, with specialised cadre on supervision and regulation within the Reserve Bank of India, will start functioning from November 1, indicating the changes in the central bank’s approach to these two crucial issues of the financial system that has dominated public discourse in recent times. These departments have …

Read More »

Core sector output falls 5.2% in Sept.

Output of eight core infrastructure industries contracted by 5.2% in September, indicating the severity of the economic slowdown. As many as seven of eight core industries saw a contraction in output in Septe-mber. Coal production fell steeply by 20.5%, crude oil by 5.4%, and natural gas by 4.9%. Output of …

Read More »

Farmers hit by sharp decline in pepper prices

Cheaper imports from Vietnam via Sri Lanka, duty-free, blamed for distress A drastic fall in the price of black pepper and low production owing to climate vagaries are the major concerns of farmers in Kerala and Karnataka, the two major pepper producing States in the country. Black pepper prices have …

Read More »

‘Bharti Airtel hopeful of balanced approach on AGR’

Telecom major seeks formulation of a ‘constructive mechanism in the best interest of all parties ‘ Bharti Airtel on Wednesday expressed hope that the government would take a ‘balanced approach’ on the issue of adjusted gross revenue (AGR) to ensure long-term viability of the industry. The statement comes a day …

Read More »

Slowdown temporary, reforms will reverse trend: Mukesh

Industrialist Mukesh Ambani on Tuesday said the slowdown in the Indian economy was temporary and the recent measures taken by the government would help reverse the trend in the coming quarters. Speaking at Saudi Arabia’s annual investment forum, also known as ‘Davos in the desert’, he said the reforms undertaken …

Read More »

Govt. to work on relief package for telcos

Industry stares at over Rs. 1.4 lakh-crore payout to exchequer The government has constituted a Committee of Secretaries (CoS), headed by Cabinet Secretary Rajiv Gauba, to work out a relief package for the telecom sector, a move that may help mitigate the impact of the more than Rs. 1.4 lakh …

Read More »

Automobile sales witness Diwali boom

The festive season has brought some relief to automakers, with passenger vehicle makers witnessing up to a 50% jump in retail sales during the Diwali period — driven mainly by high discounts — as compared to the festive season last year. Even though this growth comes on a low base …

Read More »

‘Deep discounts by e-com firms hitting GST revenue’

The Confederation of All India Traders (CAIT) has written to Finance Minister Nirmala Sitharaman alleging loss of GST revenue to the government due to deep discounting by e-commerce firms, particularly Amazon and Flipkart. Seeking investigation into the business model of both the players, CAIT said e-commerce companies sell goods much …

Read More »

Domestic air traffic growth at 1% in Sept.

Domestic aviation traffic grew at a measly rate of 1.18% in September as compared to the year ago period, according to the monthly data released by the Directorate General of Civil Aviation (DGCA). Airlines altogether flew 1.15 crore passengers last month as compared to 1.13 crore during the same period …

Read More »

IL&FS completes sale of wind energy arm to Orix

Infrastructure Leasing and Financial Services (IL&FS), has completed its first asset sale plan, selling 51% stake in its wind energy arm to Orix Corporation. “The IL&FS Group has completed the sale process of its 51% stake, held through IL&FS Wind Energy Limited (IWEL) in seven operating wind power SPVs (with …

Read More »
Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates