Page 1757 - Economy & Policy News

Debt funds turn to safe havens for investors as defaults sting, shows data

Since the IL&FS crisis, allocation to govt papers more than doubles, exposure to NBFCs drops

Situation not as bad as it is being made out to be: Economic affairs secy

Bajaj also said the financial services secretary was examining a plan of bank recapitalisation

Gas economy: Centre planning to change LNG pipeline pricing policy

The second of the two-part series talks about why zonal pricing may be on the way out

Statsguru: India gets healthier, but insurance coverage still low

Richer households tend to use hospitalisation services more

Covid-19 crisis: Revival in rural demand overstated, say economists

A recent note brought out by Credit Suisse says that net gain from the government support measures may be just Rs 7,500 crore a month

Fraudulent IGST refunds: Exporters to face stern action, say reports

Exporters are identified as 'risky' on the basis of specific risk indicators based on customs, GST, income tax and data from the Directorate General of Foreign Trade

In a push to logistics sector, Centre working on draft legislation

The efficiency in logistics comes from end-to-end services, and hence the document will not just focus on multi-modal transport

CBIC invites suggestions on reviewing customs laws for ease of doing biz

The CBIC has invited comments on the same by August 21. A comprehensive review would be undertaken by September

Govt amends certain Indian Accounting Standards amid Covid-19 pandemic

Ind-AS 103, 116 and some other standards have been amended by the Corporate Affairs Ministry

RBI may go for further 25 bps rate cut in August policy meeting: Experts

The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4

India increases exposure to US govt securities by nearly $13 bn in May

After marginally rising to $157.4 billion in April, the holdings jumped to $169.9 billion in May

GeM to be integrated with Railways' e-procurement system: Commerce Ministry

The Commerce Ministry launched the online platform for public procurement in August 2016 with the objective of creating an open and transparent procurement platform

FATF review of anti-money laundering, terror financing regime postponed

The FATF is a global money laundering and terrorist financing watchdog

Cabinet secy-led panel to select candidate for RBI deputy guv post on Aug 7

The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31

PM Modi reviews implementation of micro-credit scheme for street vendors

The PM expressed satisfaction on the use of end-to-end IT solution through a web-portal and mobile application for administration of the scheme to ensure transparency, accountability, speed

Railways to insert clause in procurement process to promote local vendors

During the meeting, Goyal urged to take measures to generate confidence in industry of corruption free and transparent procurement environment on Indian Railways

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