Page 1583 - Economy & Policy News

Govt likely to drop proposals to cap bids for airport privatisation

A panel for PPP projects had recommended restricting airport projects to 2 to check monopoly

Railways to begin recruitment drive on December 15; Covid disclosure must

The first round of the exams will be held from December 15 to December 18. The next phase will be from December 28 till March 2021 tentatively, and the third round will be till the end of June 2021

Finance Minister mulling 75% reduction in foreign travel budget for FY22

The Covid-19 pandemic and the ensuing restrictions in mobility may result in a 75% reduction in the budgetary allocation for foreign travel in FY22

NBFCs may lose 1% market share to private banks by FY22: CRISIL report

The growth, though, will be muted at 5-6 per cent due to asset quality concerns, funding issues and competition from banks.

Non-life insurers get Covid-19 claims worth Rs 10,000 crore as of Dec 11

The insurers have settled 508,334 claims amounting to over Rs 4,800 crore

Liquidations under IBC in Q2 jump, new applications remain subdued

Critics of the IBC have often pointed out that the delays in admission, resolution and liquidation might be making it an unattractive proposition

Experts urge caution on low interest rates, warn of liquidity crisis

Ultra-low rates run the risk of enticing firms to borrow too much, they say

GST invoice fraud: 132 arrested, 163,000 registrations cancelled

In its drive to check fake firms GST field formations have cancelled 163,042 registrations in the month of October and November this year due to non-filing of GSTR-3B returns for more than six months

GoM seeks presentation from DoT, BSNL to take stock of asset sale

The asset sale exercise is expected to start early next year and the final contours will be decided by the GOM.

Sharing newspaper PDFs illegal, a threat to the society, says INS

Various studies and researches have said physical newspapers are safe and do not spread Covid-19.

Need to revisit Constitutional provisions on federal structure: N K Singh

Singh also called for moving to a fiscal deficit range rather than a specific number to better judge expenditure outcomes of states

Planning for non-core asset sale, govt dividend now mandatory for PSUs

Listed public sector firms will have to maintain their m-cap at a certain level

Canara Bank raises Rs 2,000 cr via QIP; LIC emerges as largest investor

State-owned Canara Bank on Friday said it has successfully raised Rs 2,000 crore equity capital by issuing over 19 crore shares to eligible investors.

Auto firms stare at supply outages amid global shortage of semiconductors

This comes at a time when demand in world's fifth largest auto market is in the initial stage of recovery after the Coronavirus pandemic-induced lockdown earlier this year

Telecom battle intensifying, floor tariffs may be preferred: Report

Bharti Airtel is not following Vodafone Idea's recent postpaid tariff hikes, the report said

India, Qatar set up task force to identify projects for investment

India imports 8.5 million tonnes per annum of gas in its liquid form (LNG) from Qatar under a long-term contract

Industrial production up 3.6% in Oct as manufacturing, power revive

The IIP had contracted by 6.6 per cent in October 2019

Free-for-all apps: Avail bank facilities even if you are not a card holder

ICICI is not alone to bring this concept forward. State Bank of India, has also announced to make its app open for all in 30 days

Sebi to have dept to check price manipulation, misuse of IPO funds

The move comes close on the heels of an extensive discussion it had with the finance ministry in November.

Asia's unequal recovery sounds warning bells for global economic rebound

Asia is an important barometer for the world economy because it accounted for more than two-thirds of global growth in 2019 and is home to a majority of those between the ages of 15-24