Page 1389 - Economy & Policy News

1991 recap: Van with gold on the way to BoE broke down at Tardeo, Mumbai

The most important point, which the RBI should explain to the country - but doesn't - is that government gold and RBI gold are very different when it comes to using it for getting foreign exchange

UP Law Commission framing draft bill to check population growth

The Uttar Pradesh Law Commission is mulling a proposal to bring in a law to check increasing population

Covid-19 crisis: Relief for MSME promoters under debt scheme likely

The government had, in May last year, announced a slew of measures to help MSMEs tide through the Covid-19 crisis.

Statsguru: 6 charts explain why inflation risk is growing for the economy

Bloomberg's commodity index is also trending 46 per cent higher

Govt responds to UN Special Rapporteurs concerns over new IT Rules

Says Meity, IB ministry undertook broad consultations in 2018 with various stakeholders before finalising the rules

Govt to come up with a SOP on new IT rules as industry awaits clarity

The industry has been awaiting the SOPs on the new IT Rules, 2021 because they require more clarity on certain matters

Moody's expects auto-loan delinquencies to rise in next three to six months

Collection rates for auto-loan asset-backed securities (ABS) rated by Moody's Investors Service remained stable in the quarter ended March 2021

DHFL insolvency case: NCLT appoints panel to oversee resolution plan

The Mumbai bench of the NCLT approved Piramal Group's resolution plan for the beleaguered DHFL on June 7.

FIDC urges govt to address issues of MSME borrowers and NBFCs

The Finance Industry Development Council (FIDC) has urged the Ministry of Micro, Small & Medium Enterprises (MSME) to address issues faced by MSME borrowers and NBFCs catering to these enterprises.

Govt amends rules pertaining to Indian Accounting Standards

Ind AS are converged with the International Financial Reporting Standards (IFRS).

Tamil Nadu ranks 2nd after AP in new job creation under IBPS scheme

Under the IBPS Scheme, Andhra Pradesh is the highest in employment generation by creating 12,234 new jobs

Repo rate expected to remain unchanged in fiscal 2022: Emkay Global

Reserve Bank of India's repo rate is expected to remain unchanged during FY22, said Emkay Global in a report.

Credit growth in fiscal 2022 to be in low double-digit: Care Ratings

The slowdown in economy can further delay anticipated pick-up in credit growth apart from the likely impact on asset quality.

India's roadside restaurateurs count cost of coronavirus pandemic

Given low vaccination rates, experts are already warning of a third wave later this year.

IMF proposes setting up of an international carbon price floor

The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.

Real GDP growth likely to be 8.7% in FY22: Motilal Oswal Financial Services

Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier

Policy flip flops, discoms hinder progress in solar rooftop projects

According to the industry data, close to 75 per cent of rooftop installations comes from the commercial and industrial segment

India and US launch a hydrogen task force in clean energy push

India-US strategic partnership was revamped after Biden administration took charge

Explained: How foreign portfolio investors view the 'India story'

The IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors than financial and energy companies

MFIs in Assam, borrowers set to get major relief as govt steps in

According to CRIF Micro Credit, Assam was one of the most stressed states in terms of microfinance loans