Page 1543 - Economy & Policy News

Receipt of exports from third party must be declared upfront: Expert

We exported certain goods last year and received full payment. The buyer rejected a part of the consignment

Indian Railways drops extra charges for large goods moving through DFCs

This is a significant shift because the restrictive goods consignment dimensions are cited as one of the reasons for the falling utility of rail freight

RBI's NBFC paper silent on liquidity management, says India Ratings

The paper has not said whether the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) will be applicable to upper layers of NBFCs

Govt plans incentive for starting production early from auctioned mines

The mines ministry plans to do the same through amendment of the mining rules and has sought comments and suggestions from stakeholders on the same.

Govt considers easing rules to attract FDI in construction sector: Report

Existing rules include a three year lock-in period before exiting

Budget Byte: Banks' non-performing assets likely to bulge in 2021

This daily series of graphs provides context to some of the critical issues relating to the Union Budget on February 1

Singapore hopes to facilitate deeper partnership between ASEAN, India

Singapore hopes to facilitate a deeper partnership between the ASEAN and India that would be to everyone's benefit as deeper integration with the region would enable greater access to opportunities

Agri-NBFCs seek parity with banks, want inclusion in govt subsidy schemes

The government may consider including agri-NBFCs in all state supported subsidy schemes and programmes

RBI proposals to restrict land financing by NBFCs: India Ratings Report

The Reserve Bank's proposals on restricting specific real estate funding by NBFCs will affect land financing by them, the report said

Enhanced trade partnership first step towards UK-India FTA: UK minister

Plans are expected to be further formalised during the visit of Prime Minister Boris Johnson to India in the coming months

Budget: Realtors expect subvention scheme, measures to boost demand

The housing market is reviving from the lows hit last year

Indian economy may contract by 9.6% in 2020, grow at 7.3% in 2021: UN

In 2020, the world economy shrank by 4.3%, over two and half times more than during the global financial crisis of 2009The modest recovery of 4.7% expected in 2021 would barely offset the losses of 20

India's aim of doubling renewable power by 2022 gets foreign backers' boost

For investments to rise more, though, the country may need to fix its ailing power distribution sector

Top headlines: Direct tax compliance may ease, RBI open to digital currency

Business Standard brings you the top headlines of the day

UN expects India's economy to recover by 7.3% post-Covid-19 impact

India's GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report

Direct tax compliance set to be made easier in upcoming Budget

Budget may resolve issues related to administration

Budget 2021 may show Centre's fiscal deficit at 5.5% of GDP for FY22

The significant shortfall in receipts is likely to lead to the doubling of fiscal deficit to an estimated 6.9 per cent of GDP in FY21

Govt missing the perfect opportunity for PSU privatisation: Experts

Say Centre should push PSU share sale as markets hit record high

Economy has regained dynamism, showing faster recovery: President Kovind

Kovind's remarks came amid the nearly nine-month-long military standoff with China in eastern Ladakh and the deadlock between the Centre and the farmer unions over the farm laws enacted in September.

RBI open to digital currency, examining the need to introduce CBDC

A CBDC is legal tender and a central bank liability in digital form denominated in a sovereign currency and appearing on the central bank's balance sheet.