Page 1830 - Economy & Policy News

Govt to provide one-time guarantee of Rs 10,000 cr for NBFC assets, bonds

This is an extension of its budget announcement, where it had said it would compensate them to the extent of 10% of the losses banks incur on their NBFC bond portfolio

Income Tax department notifies safe harbour rates for fiscal year 2019-20

The Central Board of Direct Taxes (CBDT) has notified changes to Rules 10TD and 10TE of Income Tax Rules relating to Safe Harbour Rules

Breaching FRBM limits acceptable in pandemic, roadmap necessary: N K Singh

Singh was speaking after the first meeting of the commission's panel on fiscal consolidation, and a meeting on the commission's panel on the health sector

Lockdown 4.0: Will airfare caps benefit airlines and protect consumers?

Those who defend the caps say controlling fares is important because weaker airlines with hardly any cash reserves might be forced to close down

Govt mulls faster drug approval process, regulatory system overhaul

The industry, which has been lobbying for faster approvals for quite some time now, says the current pandemic should help expedite the reforms process

No restrictions on utilisation of additional borrowing by states: FinMin

It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional one per cent out of the two is linked to citizen centric reforms, Finance ministry official said.

All options open to govt to monetise deficit under RBI guidance: N K Singh

He said all options should be open to the sovereign in consultation with the Reserve Bank of India (RBI)

Govt to introduce vehicle scrappage policy to boost manufacturing: Gadkari

"Now, we are going to start the new scrapping policy, by which old cars, trucks and buses will be scrapped," the Minister of MSME and Road Transport and Highways said

MP govt sends proposal for changes in labour law to Centre for approval

In a first-of-its kind proposal, the state govt said in a press statement that it had proposed making the Factories Act, 1948, applicable to units hiring at least 50 workers, instead of 10 and 20

FinMin sanctions Rs 92,077 cr to states as devolution of central taxes

The Budget had projected the share of the states in taxes at Rs 7.84 trilllion for 2020-21.

Vocal for local: Khadi masks to be exported to corona-hit US, UAE

Of total domestic orders for 800,000 masks, 600,000 have been supplied to Rashtrapati Bhawan, PMO and ministries

Telangana IT exports up 18% Rs 1.29 trn in FY20, ahead of India growth rate

State puts up a strong show despite Covid impact; its share in Indian IT export pie rises to 11.58% from 10.61%

Domestic flights to resume on May 25: Here's what is allowed and what isn't

Here is what is going to change for passengers as they fly from Monday

UP fast-tracks expressway projects to create jobs for returning migrants

State raise Rs 9,000 cr in loans for part-finance the initiatives

Australia seeks to strengthen ties with India in strategic sectors

Australian farmers could also benefit, with talks underway on expanding agricultural exports to India, including barley, as China throws up new trade barriers, media reports stated

Garment units at Tirupur get go-ahead, will resume operations on Wednesday

Industry to commence production at 25% capacity for next few weeks; liquity a greater issue than manpower availability

Rs 1-trn fund, bee keeping: FM Sitharaman's 11 steps to help farmers

Government sets up Rs 1 trillion Agri-Infrastructure Fund, which will focus on short-term crop loan and investment in long-term agriculture infra

BS READS: Drone operators unite, lend a helping hand in coronavirus fight

In the era of social-distancing, flying objects will take ahead the battle against Covid-19. Here are the start-ups making this possible

FM's Day 3 stimulus: Agriculture, allied activities get Rs 1.5-trn package

Opposition, experts say measures do nothing for farmers facing income loss

A 'Jai Kisan' stimulus: FM Sitharaman pushes long-sought agri reforms

The Centre will have to wait for Parliament's monsoon session or bring in Ordinances