Page 1710 - Economy & Policy News

Rs 1.51 tn disbursed to MSME sector under emergency credit plan, says govt

There has been a big jump in the sanctions in the last 15 days, says finance ministry.

RBI frames plan for financial education among school students, communities

The 'National Strategy for Financial Education 2020-2025' suggests a multi-stakeholder-led approach for creating a financially aware and empowered India

India, ASEAN together to help shape Asia, global economy, says S Jaishankar

Coronavirus highlights 'indivisible aspect of human existence that underpins globalisation', says India's foreign minister.

Govt fails to update Food Act list, millions of migrants left in cold

Centre says 6.7 million new ration card holders added after lockdown for free grain

India likely to recover sooner than other economies, says JK Paper Chairman

Bharat Hari Singhania says people in 170 countries are likely to face a decline in average income.

What is the special railway safety fund that is now facing Niti Aayog heat?

The Aayog says there is an absence of advanced technologies to improve the safety, using the fund. This was despite spending Rs 55,000 crore so far

RBI's first Monetary Policy Committee bows out with CPI above target

The MPC held its first meeting in October 2016 under then-Governor Urjit Patel

National Payments Corp to take UPI, Rupay global through new subsidiary

It wants to take its products UPI and RuPay Card global and assist other countries in establishing a 'real time payment system' or a 'domestic card scheme'

CRISIL DRIP: Normal rainfall continues, barring in 3 states and for 3 crops

Rajasthan, MP and Odisha in the stress zone

Single-agenda GST Council meeting on Aug 27 to discuss compensation

Likely to be a stormy affair with divergent views on market borrowing; Next meeting on September 19

Economists agree on massive GDP contraction, differ widely on the extent

At the lower end of the estimate band is India Ratings' 13.6% and at the upper, Pronab Sen predicts a maximum shrink of 35%

World Bank sees higher GDP fall in India than 3.2% it projected for FY21

Cautions against using tariff policy to attract firms from China; says there is credit risk as economy slows and half India's population may fall back into poverty

Anonymous, at a distance: How faceless assessment will help taxpayers

Taxpayers will be selected for assessment and other procedures through a system that uses data analytics, artificial intelligence and machine learning.

Courts may block MP govt plan to reserve govt jobs for locals: Experts

While courts have generally upheld domicile-based reservation in education, none has upheld reservation of public or private jobs based on domicile

Will be interesting to see how govt completes airport leasing: Law firm

What is to be seen is how effectively and efficiently would it be able to complete the process especially during the coronavirus pandemic, a Delhi-based law firm has said

Faceless assessment: CBDT chief meets I-T officers to dispel concerns

CBDT Chairman Mody explained the faceless assessment and taxpayers' charter and detailed the reallocation and reorganisation aspects of the department's manpower

DGGI unearths pan-India invoice racket involving transactions of Rs 434 cr

Probe revealed that 23 firms across India, from Tamil Nadu to New Delhi, were involved in issuance of fake invoices to get fraudulent 'Input Tax Credit' without supply of any goods

West Bengal govt may reduce 30 % tax on liquor amid declining sales

The West Bengal has levied 30 per cent tax on liquor when wine shops reopened after the nationwide lockdown due to the Covid-19 pandemic

Commerce Min reviews extension of anti-dumping duty on Chinese products

Bharat Forge Ltd lodged a complaint with ministry's investigation arm Directorate General of Trade Remedies for review of the duties on imports of front axle beam and steering knuckles from China

Unlock BFSI 2.0: Economy reviving, no need to extend moratorium, say SFBs

Heads of top small finance banks stress on the need to be more flexible in the current scenario and back 'emotional banking'