Page 1911 - Economy & Policy News

Maha govt approves fixing upper cap of fares to 3 times for app-based cabs

Maharashtra has nearly 75,000 black and yellow cabs and over 1 million auto rickshaws

10-year bond yields at decade-plus low; rupee falls as oil prices crash

The Sensex fell nearly 2,000 points, as foreign investors liquidated their investments for safe haven assets such as US bonds. As prices of bonds rise, yields fall.

AGR: NITI Aayog does a flip-flop on minimum floor price for telcos

Amitabh Kant claimed that fixing a floor price is in "national interest" and would ensure that the sector is provided with much needed relief measures

FM Nirmala Sitharaman to review bank merger preparedness on Thursday

Banks likely to set up common call centres and monitoring cells

Oil price slump: Centre may not hike excise duty for petro products

For 2019-20, the Centre had estimated average crude price of $55 a barrel, and for 2020-21, it has been assumed at $50 a barrel.

GST portal glitches to dominate agenda of Council meeting on Saturday

States may ask Infosys to have a point of contact; IT firm chairman Nilekani to a presentation on Saturday

Market rout: India should take advantage of falling crude oil prices

Easy liquidity available earlier is drying up, debt is piling up, debt repayments are due and a lot of investors are looking for profitability and not just production growth.

Crude oil down 30% as Saudi, Russia fail to reach deal over supply cuts

On Monday, Saudi Arabia reduced oil prices and offered to increase production, triggering a price war among oil-producing countries

BPCL stake sale may get delayed over falling oil prices, market crash

As confidence on equities declines, large oil producers may hesitate to loosen their purse strings, thereby impacting valuations too

Oil price crash: Domestic petrol, diesel prices may fall in the near future

Auto fuel prices may see a cut of another Rs 9-13 per litre over a fortnight if crude oil remains at same level

Oil price crash could help India's economy but will hurt country's OMCs

If the prices of oil threaten to remain at such low levels, both government-run ONGC and Oil India as well as private sector RIL-BP or Vedanta could find it extremely unprofitable to dig more fields

Crude oil shock: MCX raises margin to 60% to prevent client defaults

Exchange says it covered price volatility risk adequately with no default occurring during the price decline; brokers, however, says some margin calls were triggered

Margin calls triggered in crude oil led to across-the-board selling

The margin on crude oil, which was set at 16.3 per cent on friday, kept on rising today with MCX imposing margins of up to 60%

ED investigating big loans issued by Yes Bank, Kapoor's foreign assets

A dozen alleged shell firms, Kapoor family investments of Rs 2,000 crore and over Rs 4,500 crore worth of transactions are under the scanner of the agency at present.

RBI gets bids worth Rs 48,856 cr for Rs 25,000 cr LTRO with 3-year tenor

The RBI allotted an amount of Rs 25,021 crore, with a pro-rata allotment percentage to 51.18 per cent

Hard to liquidate BS-IV stock before March 31 deadline, auto dealers fear

Dealers have started getting circulars from state transport departments with different sets of deadlines to close the registration process for BS-IV models.

Govt gives Infosys 15 days to submit plan to quickly fix glitches in GSTN

It was also decided to ask Infosys Chairman Nandan Nilekani to make an urgent presentation before the GST Council on March 14

Mumbai's Bhendi Bazaar takes a leap into future with redevelopment work

The 125-year-old neighbourhood spanning 16.5-acres, not very far from the iconic CST, is already home to two newly-developed towers of 36 and 41-floors

YES Bank rescue plan may cause wider economic pain in the country, says S&P

The risk premiums for AT1 instruments of private sector banks in India will spike in the aftermath of the Yes Bank bailout according to the rating agency

Coronavirus impact: Moody's slashes India's growth outlook for 2020 to 5.3%

According to Moody's Global Macro Outlook 2020-202l, the baseline growth for 2020 has been revised for all G-20 economies