Page 1606 - Economy & Policy News

Maharashtra govt brings out uniform development control rules

The new norm is likely to bring uniformity in width of roads, size of rooms, etc. Height of buildings would, however, vary depending on the plot size and its FSI potential

Finance Secy, CBIC head discuss measures to check GST evasion, revenue leak

The meeting discussed the need for coordinated action to check revenue leakage

Bad loans in Indian banking sector to rise in next 12-18 months: S&P

According to S&P, the banking system's credit costs will remain elevated at 2.2-2.9 per cent this year and next.

Domestic mining-construction equipment biz recovers 22% YoY in Q3CY20: Icra

Though growth is still lower than Q3 CY2018 levels by 14%, it is significant considering the deep demand contraction of 40% in H1CY20, the rating agency says

India sees consecutive year-on-year decline in coal funding: Report

The report finds a 126 per cent drop in funding from the commercial banks to coal compared to 2018

35% of work under scheme meant for migrant workers went to MGNREGA

The tentative data sourced from the GKRA website shows that since June, around 1.10 million works have been completed under the campaign.

Retail health segment sees 34% growth in April-October, shows data

The growth is led by the retail segment which has seen an almost 34 per cent rise in the reporting period

Reforms to unleash employment-led growth vs jobless expansion earlier: CEA

Krishnamurthy Subramanian says govt is converting Covid crisis into an opportunity by focusing on labour-intensive economic growth

Credit risks rising for infrastructure projects in India, says S&P

Growing debt; weakening counter parties driving risks

Govt's unprecedented reforms to usher in new era of growth: Amitabh Kant

Kant said as the world battles contraction in economic growth, India has initiated reforms in key sectors including agriculture, labour and mining.

With 1 million followers, RBI most popular central bank on Twitter

A central bank's influence is more measurable in terms of foreign reserves it holds and how it stacks up vis-a-vis other central banks

IATO urges govt to announce dates for restoration of e-visa, tourist visas

This will also give some encouragement to the pandemic-hit industry, which has had almost zero earnings and no meaningful help from the government, it added

India stymies investment from Hong Kong as border row with China drags on

Amid a border stand off with China, the Indian government had tightened rules for foreign direct investment from all nations sharing a land border

Draft pre-packaged scheme for insolvency largely based on British law

Rules to ensure that process doesn't remain debtor-driven but protects creditor's interests

India top destination for MNCs looking to invest, says CII-EY survey

MNCs look at India favourably when it comes to investments across the globe

Weekly economic indicators: Power generation falls 3% below 2019 level

Freight growth weakens, traffic also falls in key cities

Delhi govt reduces performance security of value of commercial contracts

The Delhi govt has reduced performance security to 3% of the value of commercial contracts in view of financial problems faced by contractors amid Covid-19 pandemic

Centre planning mechanism to solve tax issues in real time: FM Sitharaman

The concept, if it becomes effective, will allow taxpayers an opportunity to settle issues by paying the tax due instead of going in for litigation.

Singapore, Saudi companies push Indian solar tariffs to record low

India, the world's third-biggest greenhouse gas emitter, has set a target of raising its renewable energy to 175 GW by 2022

Govt plans to set up charging infrastructure across 69K petrol pumps

The government is planning to set up at least one e-charging kiosk at around 69,000 petrol pumps with an aim to accelerate the uptake of electric vehicles, Union minister Nitin Gadkari said