TARIFF ADVISORY COMMITTEE
Asian stocks fluctuate as traders weigh Trump win
Asian stocks fluctuated amid US election uncertainty. Markets in Japan, Australia, and South Korea remained stable. Yields on 10-year Treasuries held steady. Wall Street edged higher with tech megacaps leading the rally. The Democratic National Committee considers early Biden nomination. Supreme Court ruling on Trump's immunity affects the election. Fiscal deficit policies are investors' focus.
ED begins Paytm probe; Tata's Neu Uber partnership
Officials from Paytm Payments Bank were summoned by the Directorate of Enforcement (ED) for interrogation earlier this week, sources have revealed, as part of an investigation into alleged breaches of the Foreign Exchange Management Act (Fema) by entities using its services.
Broadcasting Bill may lead to regulatory issues: IBDF President K Madhavan
The broadcast sector has faced challenges since late 2022 that can be attributed to global macroeconomic factors like inflation and supply chain disruptions. Some traditional advertisers, such as startups, auto companies, and online betting platforms, reduced TV advertising, creating a temporary gap. However, during the current festive season, early signs of recovery are evident compared to last year, says K Madhavan, president of IBDF and Disney Star chief.
Arvind Virmani appointed full-time member of NITI Aayog. Here's all you need to know about the noted economist
Former Chief Economic Advisor Arvind Virmani has been appointed as a full-time member of NITI Aayog, according to an official notification. Arvind Virmani served as the chief economic adviser in the finance ministry (2007-2009).
US-China trade deal, GST Council meet, RBI minutes to guide Dalal Street this week
US agreed to a phase 1 of trade deal with China on Friday, averting Dec 15 round of tariffs.
View: Exports are committee-and ministry-proof, and past surges anticipated by neither
GDP numbers are interlinked to export growth, and India needs to improve both numbers.
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States may get regional power regulators
The proposal needs an amendment to the Electricity Act, 2003 and could face resistance from state governments.
Set up separate dept for logistics to improve transport sector: PM's advisory panel
The prime minister has set an ambitious target to realise a quantum jump in Doing Business and LPI ranks within the next 2-3 years.
Indian Railways: 10 transformative recommendations of Bibek Debroy Committee report
From encouraging private players to eliminating the Railway Budget altogether, the report dwells on all that ails the national transporter.
Opposition stalls Odisha Assembly for second day over power tariff hike
Unable to run the proceedings, Speaker Niranjan Pujari adjourned the House thrice. He convened the Business Advisory Committee mee to resolve the impasse.
Private power companies may shift to regulated tariff regime
Power ministry has agreed to look into a long-pending demand from private power developers that will help about Rs 4 lakh-cr stressed plants.
Now, make tracks for Railway reform
There is welcome change of track at the railways going forward, with the Union Cabinet approving the setting up of a Rail Tariff Authority (RTA).
Cabinet to consider Rail Tariff Authority proposal this week
The notification will be followed by an amendment in the Railways Act, 1989 in Parliament to set up the first pricing regulatory body in rail sector.
Finance ministry takes exception to commerce ministry OKing trade pacts; to take over negotiation of all investment pacts
“The finance ministry has written saying henceforth all investment agreements will be negotiated by it,” said a government source.
India may spurn EU demand for duty cut on auto, parts
India may reject demands by the European Union that the government slash import tariffs on industrial goods such as automobiles and auto components.
Assign a 25% probability to a 50 bps hike: Sonal Varma, Nomura Financial Advisory
'If the RBI decides to make the repo the operative rate, then the probability of actually a 50 bps rate hike goes up,' says Sonal Varma.
Mallikarjun Kharge meets Kapil Sibal over Rail Tariff Authority
The Railway and Law ministries are working out modalities for setting up of a Rail Tariff Authority.
Cotton Distribution Policy to bring stability in prices: Kavuru Sambasiva Rao
Textiles Ministry said it plans to bring a cotton distribution policy that proposes to impose a 10 per cent duty on shipments.
Kharge to meet Sibal over Rail Tariff Authority
Expediting the move for setting up Rail Tariff Authority (RTA), Railways have sought Law Ministry's opinion for further action on the proposal.
Committee set up to frame guidelines for e-rickshaw plying
Delhi Chief Minister Sheila Dikshit today appointed a committee to finalise the guidelines for plying of battery-powered rickshaws in the city.
CCEA may consider tomorrow 10% export duty on surplus cotton
The proposal moved by the Textile Ministry is listed on the agenda of the meeting of the Cabinet Committee on Economic Affairs (CCEA) tomorrow.
Rail Tariff Authority to be an advisory body: Board Chairman
The formation of Rail Tariff Authority is to be concretised through a resolution of railways and the independent body will have advisory role.
Why a Rail Tariff Authority is welcome
RTA Act must have clear-cut provision of members being periodically answerable to select parliamentary committees and, through them, the wider public.
Is Chidambaram's five-point economic revival strategy a lame attempt to enthuse investors?
Perhaps the only hope in the FM’s latest revival plan is that toughest decisions are taken in the hardest times.
House panel against passing of coal duty hike on power consumers
Stating the proposed hike in Stowing Excise Duty would push power tariff, a House panel recommended that it be absorbed by coal companies
Charge low fares to prevent seats going empty: Govt to airlines
Aviation officials pointed out that the average passenger load factor for all Indian airlines hovered around 70-75%, implying that the remaining seats on a flight go empty.
Govt hikes sugarcane FRP by 23.5% to Rs 210 per quintal for 2013-14
The Fair and Remunerative Price was at Rs 170 per quintal in the 2012-13 marketing year (October-September).
Third-party motor insurance premiums to rise by up to 65 %
The premiums are being revised after a gap of four years, the sector watchdog Insurance Regulatory and Development Authority (IRDA) said.
Insurers turn realistic, rope in experts to price risks
A decade after opening up, the insurance industry is showing signs of maturity. Underwriters — experts who price risks based on probability of any loss — are now very much in demand as insurers, after burning their fingers in rate wars, now look at more scientific pricing methods.
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