Page 1773 - Economy & Policy News

Sovereign wealth funds to get tax relief on infrastructure bets: CBDT

CBDT notifies changes that will also apply to pension funds

Borrowers opting out of loan moratorium with unlocking of economy: Bankers

According to Punjab National Bank Managing Director S S Mallikarjuna Rao, only 30 per cent of borrowers utilised moratorium facility while 70 per cent continued to service their loans.

Low interest rate regime critical for survival of banks: K V Kamath

Praising the decision of the RBI for extending moratorium to borrowers till August, Kamath said it was very well done

Banks sanction Rs 1.14 trn loans to MSMEs under credit guarantee scheme

Under the ECLGS, the loan amounts sanctioned by PSBs increased to Rs 65,863.63 crore, of which Rs 35,575.48 crore has been disbursed as of July 4

Govt should review, defer 2% equalisation levy on e-commerce firms: Report

Concerns surrounding the levy are not just theoretical or one-sided, but the law indeed has a far-reaching impact which necessitates its review, it said

Equalisation Levy: Govt not considering deadline extension for tax

The 2 per cent Equalisation Levy was introduced in the 2020-21 Budget and has come into effect from April 1, 2020

FM meets heads of 23 CPSEs, discusses need of timely capex for growth

The combined capex target of these 23 CPSEs for the year 2020-21 is Rs 1,65,510 crore

Retailers see 67% fall in sales during June 15-30 due to lockdown: Survey

RAI said there has been no significant growth in business for retailers even during the second half of June

Despite poor show in Q4, India Inc's combined dividend payout rises 6.5%

Experts attribute the higher payout to the change in dividend law and cut in corporate income tax.

India JLL's Global Realty Transparency Index improves by one, ranked 34th

India was ranked 35th in the index during 2018 bi-annual survey, while the country was at 36th position in 2016 and 39th in 2014

PM's Act East Policy shifted geostrategic posture in Indo-Pacific: EFSAS

The Act East Policy (AEP) has shifted the geostrategic posture of India in the Indo-Pacific and reformulated New Delhi's approach to one that is more strategically assertive, says European think tank.

Private trains could be a setback for Dalits and tribals, fear activists

With the launch of private trains, many Dalits feel an important mobilisation tool will be lost to them forever.

Covid-19 crisis: Health care infra ranking for states expected soon

15th Finance Commission would likely recommend performance-based grants

MF distribution payouts slip to three-year low in FY20 amid market slump

Experts say nudge towards direct plans, regulatory changes and market correction have led to cuts

No-permission, no-takeoff policy: First drone after 2018 norms takes off

DGCA allowed 13 companies to conduct delivery trials last month

Pharma SMEs will overcome short-term disruptions: CRISIL SME Tracker

Short-term disruptions include high input costs and various operational challenges.

Haryana Cabinet clears Ordinance to give 75% private jobs to locals

The proposed move can have wider implications due to a large number of MNCs and Indian corporates being based in Gurgaon and other NCR cities falling within the state.

Maharashtra govt launches a portal to ensure employment to 'sons of soil'

The launch comes against the backdrop of the Covid-19 pandemic, which saw return of migrant workers to native places outside the state.

Covid-19 may turn extra Rs 1.67 trn debt into delinquent assets: Ind-Ra

This is over and above Rs 2.54 trillion anticipated prior to onset of pandemic, taking the overall quantum to Rs 4.21 trillion, or 6.63% of total debt

Weekly economic indicators: Flat traffic growth signals moderating recovery

Pollution levels too remain low in Mumbai and Delhi over limited activity