Page 1803 - Economy & Policy News

IBC suspension will fuel innovative options outside the Code: IBBI's Sahoo

In a Q&A, the chairman of the Insolvency and Bankruptcy Board of India says IBC should not be used to snuff out firms prematurely

FM Sitharaman to review credit flow with public sector banks on Tuesday

She will take stock of the Emergency Credit Line Guarantee Scheme announced recently.

Centre likely to rework NHAI financing plans amid Covid-19 crisis

A committee, under the chairmanship of Nilesh Sathe, former member of the Insurance Regulatory and Development Authority of India (IRDAI), has been set up.

Delhi govt allows discoms to avail loans under Atmanirbhar package

Since the loans would need a state guarantee and Delhi is a Union Territory, it has written to ministry of home affairs to provide state guarantee on behalf of Delhi

Indian economy will shrink 5% in FY21, stimulus not enough: S&P Ratings

The rating agency said growth will rebound to 8.5 per cent in 2021-22

YES Bank fraud case: ED searches Cox & Kings top brass for siphoning funds

Probe agency finds irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank

Covid-19 impact: India's economy to shrink by 3.2% in FY21, says World Bank

India to lose tag of fastest growing large economy to China for another two years

Global law firms discuss lockdown compensation suits, India too at risk

Lawyers agree that at present the probability of such a suit arising is very low, but not unlikely

MP becomes country's top wheat procurer; farmers get Rs 25,000 crore boost

The state has produced 30 million tonnes of wheat this year and also surpassed Punjab in procurement

New ITR forms call for filing return even if your income isn't taxable

Joint property holders can file simplified forms. But even if your income is low, file returns if you meet one of three newly-introduced conditions

Indian economy to contract by 3.2% this fiscal due to Covid-19: World Bank

In its latest edition of the Global Economic Prospect, the World Bank downgraded its projection of India by a massive negative nine per cent

Global economy to plunge into worst recession since WW-II: World Bank

The Covid-19 recession is the first since 1870 to be triggered solely by a pandemic, World Bank President David Malpass said

Realtors bank on e-launches to generate sales amid coronavirus crisis

Puravankara, Oberoi, Shriram trying e-launches to fulfil pent-up demand

Centre's power and agri reforms run into opposition from Congress CMs

Punjab and Chhattisgarh CMs plan to enlist the support of other opposition CMs on the two issues

Private banks not implementing Rs 3 trn loan MSME scheme: RSS body to FM

Sitharaman had called Laghu Udyog Bharti general secretary Govind Lele to seek feedback on the implementation of Rs 3-trillion Emergency Credit Line Guarantee Scheme

Service robots may increase efficiency of Covid-19 impacted hotels: Report

The researchers noted that their project completed in March 2020 just as Covid-19 broke out and as the virus rendered non-essential travel impossible

BS READS: Inside story of Plane X, India's dead civilian aircraft project

An ambitious Rs 7,555-crore project to develop an indigenous civilian aircraft failed because of scared investors, bureaucratic hurdles and dithering governments

BS READS: Plane X, the first desi civilian aircraft India could never build

The idea was to build 70- and 90-seater versions of an indigenous civilian aircraft that would be sold not just in India but across the world

We paused to save lives, now we need to save livelihoods: Sajjan Jindal

The government has announced a phased exit from the over-two-months-long nationwide lockdown

Aviation sector will not see a substantial recovery before 2023: Moody's

Many airlines have improved liquidity but at the cost of rising debt burdens