Category: Economy
Private capex confidence still catching up as uncertainty clouds investment decisions
Uneven demand, volatile commodity prices, trade-related uncertainty amid heightened geopolitical tensions and competition from cheap imports are weighing on corporate capital expenditure decisions, with investment…
RBI’s early FCNR(B) deposit scheme closure ‘data-driven’ or a policy U-turn? Governor Malhotra explains
Reserve Bank of India (RBI) Governor Sanjay Malhotra asserted that the decision to advance the closure of Foreign Currency Non-Resident (Bank), or FCNR(B) deposit scheme…
India tightens sugar stock limits to tame record prices
The Indian government has ordered that no dealer using more than 10 metric tons of sugar per month shall hold inventories for more than 15…
Kharif sowing recovers after July rains
New Delhi: India’s kharif planting has staged a strong recovery after improved rainfall in July helped farmers make up much of the ground lost during…
RDIF AIF selection expected to be completed in two weeks
Bengaluru: The government is in the process of selecting the alternate investment firms (AIF) for the research, innovation and development fund (RDIF), and is expected…
India may see family wealth worth $1.5 trillion change hands in 10 years
Mumbai: India is entering a major phase of intergenerational wealth transfer, with an estimated $1.3 trillion-$1.5 trillion expected to change hands over the next decade,…
CCI relaxes commitment norms, extends filing window to 60 days
NEW DELHI: The Competition Commission of India (CCI) on Wednesday relaxed its commitment regulations, allowing longer time-frames for filing and reviewing such applications, and wrapping…
Consultants of faulty detailed project reports culprits: Nitin Gadkari
NEW DELHI: Consultants involved in preparing defective detailed project reports (DPRs) are “culprits” behind accidents and deaths on highways, road transport and highways minister Nitin…
National Highway builders bat for BOT annuity model to avoid zero-bid scenario
NEW DELHI: Highway concessionaires have urged the road ministry to use the build-operate-transfer (BOT) annuity model for upcoming projects until key concerns holding back private…
I-T unearths Rs 1.29 lakh cr foreign remittances
NEW DELHI: The income tax department has uncovered a massive overseas remittance trail involving 6,422 newly identified entities that collectively sent Rs 1.29 lakh crore…