Page 1584 - Economy & Policy News

India has huge potential, it's a destination for a good investment: Gadkari

Minister of Micro, Small and Medium Enterprises minister Nitin Gadkari said India was a destination with huge potential for attractive investments and urged people to invest in MSMEs in the country

RBI restricts Kotak Mahindra Bank from paying dividend on PNCP shares

The restriction on dividend distribution also applies to PNCPs, the RBI informed the bank in a communication.

ATM moment of banking services is here as lenders make apps open for all

What do banks gain by opening their apps for all? The answer - rival bank's customers under their fold.

Policing the internet: Online news is a gaggle in face of regulation

The final part of the series looks at online news, as a regulatory regime for online content is being put in place

NFRA says appointment of DHS as statutory auditor in 2017-18 'illegal'

The watchdog said that DHS failed to comply with the requirements of the Standards on Auditing (SAs).

ADB cuts India's FY21 contraction forecast to 8% on back of faster recovery

The economy contracted by 23.9 per cent in June quarter of the current fiscal on account of the impact of the coronavirus pandemic

More NREGA job cards, but dip in houses getting 100 days of work

The MGNREGA gained greater significance this year as the pandemic crushed livelihoods across the country

States, UT lift 18.68 mn tonnes of foodgrains under free food scheme

The scheme was extended by five months in July

Govt pays MSMEs Rs 21,000-cr dues in seven months over procurements

The highest level of procurement was achieved in October (over Rs 5,100 crore) and payment of over Rs 4,1000 crore was made.

Faceless Income Tax appeals deter participation in Vivad Se Vishwas scheme

With the appeals process going faceless from September onwards, there are no jurisdictions for the Commissioner of I-T (Appeals), or CIT(A), to approve the withdrawal request

Non-life insurers see 2.7% growth in premiums in November at Rs 14,981 cr

Non-life insurers were in the red in September also, with premium collection slipping 4.41 per cent

NDA govt committed to welfare of differently abled: Thawarchand Gehlot

The NDA governmentis committed to empower people with disabilities and bring them in mainstream of the society by providing aids and assistive devices, Thawarchand Gehlot said

DoT considering two spectrum bids in 2021, may include 5G in second half

The licences for some of the 4G spectrum held by telecom companies (telcos) expire next year

India seeks cheaper renewable power contracts to spur solar, wind projects

The country's debt-burdened distribution utilities, which have suffered losses related to electricity theft, have been reluctant to agree to long-term contracts

India retail inflation to stay above 7% in Nov, economists say: Report

India's retail inflation probably fell in November from October but remained above the Reserve Bank of India's target, amid high food and petrol prices, a poll of economists showed

Indian banks risk Rs 12-trn hit till 2024 from Covid-19: McKinsey

It is a test that the industry has withstood so far, whilst demonstrating resilience and purpose, McKinsey said in its annual review of global banking

Sovereign fund flow: India replaces China as most sought-after destination

In 2020, sovereign wealth funds poured $14.8 billion into India, nearly three times more than what they invested in China

Cabinet approves setting up of public Wi-Fi networks across India

The networks will be set up through public data offices (PDOs) that will establish, maintain, and operate WANI-compliant Wi-Fi Access Points

Govt's changes to farm Acts will take us back to square one: Experts

The proposed changes include giving states the right to frame rules to register private mandis

PDS reforms done, 9 states get govt nod to raise Rs 23.5K cr from markets

These states include Andhra Pradesh, Gujarat, Goa, Haryana, Karnataka, Kerala, Telangana, Tripura and Uttar Pradesh.