Page 1752 - Economy & Policy News

NGT slams Road Ministry over delay in guidelines on scrapping of vehicles

The green panel said the response of the MoRTH is very unsatisfactory and lacking in sensitivity

RBI signs documents to extend $400 mn currency swap facility to Sri Lanka

The currency swap arrangement will remain available till November 2022, the Indian mission said in a press release

Soon, these 10 intel agencies will have access to your PAN, bank details

The CBDT and the NATGRID will sign a Memorandum of Understanding to finalise the latest information-sharing mechanism

After US regulator, DGCA tells airlines to inspect Boeing B737s in fleet

The US aviation regulator, FAA, had issued an emergency directive in this matter on Friday

India-UK summit paves way for talks on proposed free trade agreement

Decide to work together to maximise potential of digital economies

Explained: How OCEN is trying to keep credit disbursement challenges at bay

Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes

Is Covid-19 changing course from big cities to smaller towns and villages?

Two indicators--daily growth in stock of positive cases and a derived case positivity rate--show cases are rising fast in the rural, while the virus is becoming more ubiquitous in metros

Debt MFs vulnerable to large-investor exits: Financial Stability Report

Report says pullouts from funds could be concerted in times of stress

Stressed NBFCs, HFCs seek Rs 14,000 crore under special liquidity scheme

The Reserve Bank of India (RBI) has provided funds for the scheme by subscribing to government-guaranteed special securities issued

Insolvency law caused rift with govt: Former RBI governor Urjit Patel

Instead of future-proofing gains, atmosphere to go easy on the pedal ensued, says his book

Operational creditors trigger nearly half of all bankruptcy cases: RBI FSR

"Operational creditors triggered as much as 49.65 per cent of the bankruptcy petitions, followed by 43.61 per cent by financial creditors and the remaining by corporate debtors," the report said

Innovations can help India's biotech economy hit $100 bn by 2025: Kant

"India's biotechnology economy can approach $100 billion in 2025 if the right policies are put in place, giving industry the required stimulation," he said

Covid-19 crisis: In 2020, housing launches fell below demonetisation levels

At 42,000, new housing units launched during the period in the top seven urban clusters (NCR, MMR, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) fell even lower than post-demonetisation period

Suspension of construction activities may constrain housing demand: RBI

"With the suspension of construction activities across the country from mid-March, completion of under-construction projects is likely to be delayed, constraining new demand," the FSR said

US, China clash to impair global trade vital for India's reopening: Rajan

Leading economist and former RBI governor warns of 'enormous bankruptcies' in US and Europe.

Apple starts manufacturing flagship iPhone 11 model at Chennai plant

Sources said this could be the beginning of a new era for Apple, which is preparing to begin manufacturing its newly launched iPhone SE (2nd Generation) of handsets in India

Covid-19 impact: Govt extends cap on airline capacity, fares till Nov 24

On June 26, the government had had allowed airlines to increase flights upto 45% of their total capacity, from the initial cap of one- third of their total capacity.

Govt's endeavour has been to further simplify direct tax laws: Sitharaman

PC Mody, Chairman, CBDT, reiterated the commitment towards further improving the compliance experience for taxpayers

Domestic airfare cap to remain in place till November 24: Aviation Ministry

Domestic passenger services resumed on May 25 after nearly two months of suspension to combat the coronavirus outbreak.

Rs 3,100 cr sanctioned for 5 proposals under scheme for NBFCs and HFCs

35 more applications for Rs 13,776 cr being processed