Page 1566 - Economy & Policy News

With RBI harping on increased supervision, frauds decline in banking system

The recent collapse of PMC Bank due to fraud and deficient corporate governance "has dented public confidence in UCBs"

On path to recovery, here's how Covid has changed the world economy forever

Measured by output, the world economy is well on the way to recovery from a slump the likes of which barely any of its 7.7 billion people have seen in their lifetimes

India most booked destination globally in 2020, Delhi on top: Oyo report

Gandhi Jayanti and Christmas weekends were the country's favourite holidays to travel in 2020. In December, over 1.7 million people have checked in over the weekends so far

Delhi-Mumbai SPV may get to monetise toll plazas of National Highway-48

May borrow Rs 9,000 cr this year even as it has offers of Rs 29,000 cr

2020, the year that was: Coronavirus shadow may not go anytime soon

Achieving a vaccine roll-out on a scale that social-distancing norms can be dispensed with can't be expected for most of 2021

UCBs' asset quality and finances deteriorate in FY20, says RBI report

The rise in NPAs may partly be attributable to stagnant growth in loans and advances and weak balance sheets

TRP scam: Ex-BARC CEO Partho Dasgupta sent in 14-day judicial custody

A court here on Wednesday remanded Partho Dasgupta, a former CEO of rating agency BARC who has been arrested in the Television Rating Points (TRP) scam, in 14 days' judicial custody.

Financial stability report delayed as govt wants to 'consult' RBI

Different stance on NPAs will be the discussion point; report was slated to release on Wednesday

Centre okays logistics hub in UP, industrial corridor nodes in the South

The proposals have a total estimated cost of Rs 7,725 crore and an employment generation potential of over 280,000

India's current account surplus moderates in Q2 due to merchandise trade

Net services receipts rose both sequentially and year-on-year, primarily on the back of higher net earnings from computer services

Govt extends soft-loans for ethanol to non-sugarcane-based distilleries

Move will cost govt Rs 4,573 cr, is a step forward in broader plan to achieve 20 per cent blending with petrol by 2030

Akash missile sale cleared, govt to approach China-wary nations

Focus will be on high-value defence platforms to achieve target of $5-billion annual exports

Team Biden: Janet Yellen-Katherine Tai touch on trade with India

This three-part series looks at how the US president-elect's squad could influence relations between the two countries

Total government liabilities rise to Rs 107 trillion in Q2: Finmin report

The weighted average yield on primary issuances of dated securities showed further moderation to 5.80 per cent in Q2 of FY21 from 5.85 per cent in Q1 FY21, it said

Assam assembly passes Bill to clear industrial applications without delay

The minister said that amendments to The Assam Ease of Doing Business Act, 2016 will enable the state government to avail 0.25 per cent additional borrowing from the Centre

FinMin lets Odisha borrow extra Rs 1,429 cr post ease of doing biz reforms

The ease of doing business is an important indicator of the investment-friendly business climate in the country

PM to lay foundation stone of LHPs at 6 sites on Jan 1 via video conference

PM Modi will lay the foundation stone of Light House Projects under the Global Housing Technology Challenge-India (GHTC-India) at six sites across six states on January 1 via video conferencing.

Russia, India would continue to work towards cooperation in 2021: Putin

President Vladimir Putin on Wednesday expressed hope that next year Russia and India would continue to work towards stepping up constructive bilateral cooperation

Amit Shah hails Cabinet decisions on Akash, industrial corridor, ethanol

In a series of tweets, Shah also said approval of the proposals for industrial corridors worth Rs 7,725 crore will generate more than 2.8 lakh jobs

Govt should include MSP in farm laws or take back legislations: Owaisi

The NDA government at the Centre can amend the new farm laws and incorporate MSP or withdraw them to end the over a month-long agitation by farmers, AIMIM president Asaduddin Owaisi said