Cabinet gives nod for new telecom policy; clears path for spectrum price, licence fee reviewThe Cabinet on Wednesday approved the new telecom policy that sets an ambitious target of attracting $100 billion investments and creating 40 lakh jobs in the currently debt-ridden sector by 2022 and paves the way for introducing new technologies such as 5G and IoT (Internet of things). Under the new policy, termed the National Digital Communications Policy 2018, the government plans to opt...

The Cabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi, on Wednesday approved a Rs 5,500 crore package to address the surplus production and stock of sugar in the country.

Vinay Sah, MD and CEO of LIC Housing Finance (LIC HFL), talks to Naveen Kumar on the latest developments in the housing finance industry and the performance of the company as one of the significant NBFC players in this segment.

Petrol and diesel cars might get more expensive in the near future, if the finance ministry has its way.

Crisil states that the package will be enough to clear only 40 per cent of the Rs 22,000 crore cane price arrears sugar mills owe to sugar cane farmers.

RBI monetary policy: MPC hikes repo rate by 25 basis points to 6.25%, keeps stance neutralThe monetary policy committee of the Reserve Bank of India (RBI) on Wednesday decided to hike the repo rate by 25 basis points to 6.25 per cent while maintaining a neutral stance. All the members of RBI's MPC voted in favour of a rate hike. The verdict of six-member MPC, headed by RBI Governor Urjit Patel, came after three days of deliberations instead of the usual two days. This is the first...

The government has also increased minimum selling price (ex-mill sale price) to Rs 29 per kg from Rs 25 per kg. The centre would create a buffer stock of 3 million tonnes of the excess sugar, and has allotted Rs 1,200 crore for this purpose.

The Food Ministry has proposed creation of a buffer stock of 3 million tonnes of sugar. The carrying cost of the sweetener would be borne by the government, which is estimated to cost the exchequer around Rs 1,300 crore.

The BJP government announced a slew of schemes after it assumed power in 2014 winning 336 Lok Sabha seats out of 543 seats. Work under most of these schemes is still under progress an year ahead of General Election 2019.