Page 1472 - Economy & Policy News

No proposal to appoint regulator for social media: Union Minister Prasad

The government on Wednesday informed Parliament that there is no proposal with the IT ministry to set up a regulator for social media

Govt forms experts committee for Startup India Seed Fund Scheme

The government has constituted an experts advisory committee which will be responsible for the overall execution and monitoring of the Startup India Seed Fund Scheme

India considers net zero goal around 2050, a decade before China: Report

There is no consensus among ministries over the net-zero target, said people familiar with the matter, as India's fossil fuel use is set to rise in the coming decade

CBDT may take measures to correct withholding tax anomaly for FPIs

The CBDT is expected to rectify the same either in the Finance Bill or the I-T Act

Direct tax collection inches closer to revised Budget target for 2020-21

The direct tax collection target for FY21 saw a significant fall from Rs 13.19 trillion estimated earlier in view of the economic impact of the pandemic

DFI employees may get shield against 'ill-informed' probe, prosecution

The government expects the DFI to finance a large percentage of the Rs 115-trillion spending needed for the National Infrastructure Pipeline

Bring yarn under Essential Commodities Act: TN garment exporters

The South Indian Hosiery Manufacturer Association has called upon the Centre to ban the export of yarn and fabric and bring yarn under the Essential Commodities Act.

High price of LPG cylinders forcing the poor to return to firewood

At the price of Rs 819, LPG refills beyond the reach of most PMUY beneficiaries.

633,000 'New Middle Class' households In India: Hurun India report

These households have average saving of Rs 20-lakh per annum and allocate mostly towards physical assets such as primary residential property and automobiles

The repo in corporate bonds is slowly picking up pace, shows data

Rates offered at par or lower than RBI's repo rate

AT1 cloud likely to hit banks' capital-raising plans, say experts

They have planned to raise about Rs 30,000 crore through this route

Cabinet clears Bill on setting up DFI with capital infusion of Rs 20,000 cr

Initially the new institution would be government-owned, with its stake being cut gradually to 26%, says Finance Minister Nirmala Sitharaman

Indian Railways will never be privatised: Piyush Goyal in Lok Sabha

'Indian Railways will never be privatised. It is a property of every Indian and will remain so,' the minister said

Cabinet nod to closure of Handicrafts and Handlooms Export Corporation

Employees in the corporation - 59 permanent and six management trainees - will be given an opportunity to avail voluntary retirement scheme

FM hits back at Rahul's comments, says UPA 'privatised taxpayers money'

Govt will protect the interests of employees in plans to sell state-owned companies, says Finance Minister

SBI, Paytm Payments Bank, PhonePe lead in UPI transactions in February

SBI was the top remitter on the UPI platform in February, while Paytm Payments Bank led the chart in the beneficiary segment, as per data published by the National Payments Corporation of India

Bank strike ends; unions warn stir if govt goes ahead with privatisation

The two-day nationwide strike by the public sector bank (PSB) unions ended on Tuesday, with disruption in services like cash withdrawals, deposits, cheque clearances

Indian state refiners prepare to cut May Saudi oil imports: Report

Indian state refiners prepare to cut May Saudi oil imports

India, Finland announce digital partnership in IT, mobile technology

Prime Minister Narendra Modi and his Finnish counterpart Sanna Marin announced a digital partnership in information and communications technology, future mobile technologies and digital education

Govt tweaks rules for potential bidders of NINL

The interested bidders can apply to seek approval for the change to the transaction adviser within 60 days, DIPAM said