Page 1528 - Economy & Policy News

PM Modi to chair Niti Aayog's Governing Council meeting on Feb 20

Issues related to health, economy and labour reforms will be discussed, official sources said

Niti Aayog's next list of cos for disinvestment in few weeks: Rajiv Kumar

Kumar expressed hope that the proposed asset reconstruction and management companies to address banks' bad loan woes will do a good job like the UTI

15th FC urges states to tax property and professions more to boost finances

The Finance Commission has also advised the union govt to eschew cess to keep Centre-state tax pool in good health, and go for a Constitutional amendment to help states raise profession tax limit

Can FCI's subsidy wipe-out serve as a base for deeper food subsidy reforms?

If clearing of FCI's outstanding dues and loans does not spur further reforms, they will once again reach current levels in the next 4-5 years, say experts

RBI in focus as India looks towards bigger borrowing: Decision Guide

The benchmark repurchase rate will be maintained at 4% Friday, according to 24 of the 32 economists in a Bloomberg survey, although cooling inflation has stoked expectations for a rate cut

Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani

Bharti Airtel posted a consolidated net profit of Rs 854 crore in the third quarter of December FY21, after six straight quarters of losses. Read the top news in Business Standard today

India's new willingness to binge on debt may leave economy far less secure

Once the pandemic retreats, India might end up with a debt-to-GDP ratio north of 90 per cent, compared to the low seventies at present

Bill in the works to have two sets of DFIs: Govt and private

Currently, some entities are working as a kind of DFI in their niche areas such as Indian Railway Finance Corporation, National Bank for Agriculture and Rural Development, and Small Industries Develop

FCI will have just Rs 59K cr of NSSF loans by FY22-end: Expenditure secy

Lower loans will decrease FCI's interest burden by Rs 17,000-18,000 crore annually, say officials

Banks to seek leeway from RBI for new asset reconstruction company

Senior bankers said over 70 per cent provision for assets will be moved to the ARC

Why higher FDI threshold could deepen, widen market for insurance products

Budget 2021 raised the FDI limit in the insurance sector from 49 to 74 per cent

Govt likely to fetch around Rs 15,000 crore from sale of Air India

Prospective bidders are perhaps ascribing zero value to the equity of the financially-stressed company, a source said. The Tata group is being considered a frontrunner for acquiring Air India

3 in 4 Indian professionals to actively look for new job in 2021: LinkedIn

The job market is set to become more competitive this year as three in four Indian professionals are likely to consider changing jobs or actively look for a new roles in the next 12 months

Govt to decriminalise 12 offences under LLP Act for ease of doing business

One proposal is to create small LLPs in line with the concept of small companies

Implement regulations to curb unsolicited commercial calls, HC tells Trai

The Delhi High Court Wednesday directed telecom regulator Trai to ensure 'complete and strict' implementation of the regulation

Cabinet gives in-principle approval to privatise Rashtriya Ispat Nigam

The government currently holds 100 per cent stake in the maker of crude steel.

Public sector banks in turmoil after mega merger: Parliament panel

Flags their low market valuations, says it'll hinder plans to raise equity

RBI makes risk-based internal audit mandatory for select NBFCs, UCBs

The central bank had introduced RBIA for scheduled commercial banks (SCBs) in 2002.

Services PMI expands for 4th straight month as vaccine drive fuels optimism

Though growth began accelerating in December, headline figure remained below its long-run average of 53.3 and was consistent with a moderate pace of growth

Niggling issues in India-US mini trade deal mostly addressed: Commerce Secy

Says Budget provisions to boost export competitiveness