Economy

The National Highways Authority of India (NHAI) plans to raise Rs. 10,000 crore through Bharatmala Taxable Bonds in the current fiscal, Parliament was informed on Thursday. Highways Minister Nitin Gadkari said as per the internal and extra budgetary resources approved for 2018-19 by the government, Rs. 62,000 crore is to …

The printing of Rs. 2,000 banknotes, introduced post-demonetisation in November 2016, has been reduced to “minimum” by the Reserve Bank, a top finance ministry official said on Thursday.Soon after the sudden decision to ban old Rs. 500/1000 currency notes by the government, the Reserve Bank of India had come out …

Global headwinds continued to hit Indian equities for the second consecutive session on Thursday as the benchmark Sensex and Nifty lost more than 1% each with investors reeling under concerns of an economic slowdown.The 30-share Sensex lost 377.81 points or 1.05% to close at 35,513.71. The broader Nifty ended the …

The government’s decision to make some changes to the e-way bill system effective November 16, 2018, has not gone down well with transporters, who claim that it has not been communicated properly and has led to ‘complete confusion’.“When A sells a material to B, he raises an invoice and subsequently …

The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits, goes against the spirit of the Insolvency and Bankruptcy Code.Hearing the case of the applicant Omkara Assets Reconstruction Private Limited, the applicant, against the Interim …

The Indian economy is projected to be the fastest-growing major economy in the current year and upcoming fiscal 2019-20, the Finance Ministry said on Wednesday, while emphasising that the government has taken several steps to boost investors’ confidence. The average growth of the economy between 2014-15 and 2017-18 was 7.3%, …

The RBI has appointed an eight-member expert committee headed by former SEBI chairman U.K. Sinha to comprehensively review and propose long-term solutions for revival of the micro, small and medium enterprises (MSME) sector. Other members of the panel are Ram Mohan Mishra, Additional Secretary, Development Commissioner MSME; Pankaj Jain, Joint …

Major Asian indices shed 1-3%; Sensex loses 520 points intraday; rupee slumps 1% against dollar A weak trend in the global equity markets on the back of disappointing economic data from China led to the Indian benchmarks shedding 1% on Wednesday as investors became jittery over the near-term outlook on …

‘Project Trinitea to create better value’ Recognising the rising importance of small tea growers (STG) in the supply chain, tea estates in North India are testing a project called ‘Trinitea,’ which aims at providing support to the STG at the farm and market level. A MoU was signed between the …

It is now cheaper than petrol, diesel Aviation turbine fuel (ATF) prices have been cut for the second month in a row by a record 14.7% for the month of January 2019, according to a notification issued by Indian Oil Corporation and other State-owned oil marketing companies. Jet fuel will …