Page 1550 - Economy & Policy News

Ex-HDFC CEO Aditya Puri backs corporates in banking, says no harm in trying

Late last year, an internal working group of RBI had proposed to re-allow corporates into banking, leading to a huge controversy on concerns over potential conflicts of interest

High Courts serve notice on Centre over IGST rebate by exporters

Exporters were earlier entitled to import raw material without payment of IGST under the AA licence

India must remain integral part of global economy, says Amitabh Kant

According to the Niti Aayog CEO, post-Covid-19 pandemic, only those countries will grow who will use digital ecosystem.

Data generated in India should be processed within country, says Paytm CEO

He added that companies need to look at India beyond as just a market, given the massive opportunity it presents

Budget 2021: Consumer durables makers seek respite from inflation, taxes

Retailers Association of India (RAI) has demanded certain measures that it believes will help improve the overall consumer goods industry.

Budget Byte: Export needs budgetary support for overall economic growth

Strategic incentives through the Budget may help boost exports.

Govt may bring regional rural banks under a holding company in Budget

Move would improve governance, help lenders raise equity from the market

PM Modi to release Res 2,691 cr for rural housing scheme in UP on Wednesday

Assistance to include release of first installment to 530,000 beneficiaries, second lot to 80,000 beneficiaries who have already availed the first installment of assistance

Supreme Court upholds changes in IBC to initiate case against debtor firms

Justice Joseph, who wrote the 465-page judgement for the bench, upheld the amendments made in Sections 3, 4 and 10 of the IBC (Amendment) Act 2020

IRFC's Rs 4,600-crore IPO subscribed 1.22 times on the second day

The offer received bids for 1,52,64,04,775 shares against 1,24,75,05,993 shares on offer, as per the data available with NSE

Govt to exit its holding in VSNL, sell 26.12% stake for Rs 8,400 cr

Public sector VSNL was privatised in the year 2002 by disinvesting 25 per cent shareholding along with transfer of management control to Panatone Finvest Ltd, the strategic partner

India seen contributing 15% of global growth by fiscal year 2026

The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity, says a report

Uttar Pradesh emerges fifth largest exporter during Covid-19 pandemic

The Yogi Adityanath-led government in Uttar Pradesh has emerged as the fifth largest exporter of goods during the Covid-19 pandemic

FinMin allows Madhya Pradesh to raise Rs 1,423 cr through market borrowing

This comes after the state implemented power sector reforms

Biz leaders see trade recovering from Covid faster than 2008 crisis: Study

Firms reallocating a third of their revenue from the first half of 2020 to re-modelling their supply chains

NBFCs, fintech companies urge FM Sitharaman to enhance lending facilities

NBFCs and fintech players have urged Sitharaman to enhance the lending facilities by three to four years

Kerala plans to set up dedicated VC fund, open govt market for startups

Fund to be set up with backing of public sector banks and Kerala State Industrial Development Corporation

East Delhi Municipal Corporation panel rejects new taxes proposed in budget

The Standing Committee of the cash-strapped EDMC on Monday rejected the three new taxes, including a professional tax and a betterment tax, proposed in its annual budget to augment its revenue

Covid-19 slows EV ride as consumers prefer traditional engine: Survey

Respondents show greater confidence in owning hybrid cars over e-cars

Harsh winter in key markets drives spot LNG prices in Asia to record levels

Spot LNG in Asia is highly sensitive to marginal demand in Japan, Korea and China, where heating load has gone up significantly. Emergency buying by Japanese power firms is driving prices up