Page 1912 - Economy & Policy News

Access to funding improves for NBFCs but not yet at pre-IL&FS level

Debt capital markets continue to shy away from the shadow banking sector

Indian Railways likely to miss ambitious 100% electrification target

Need to electrifiy 9,700 km in 4 yrs, achieves only 41% target for 2019-20 till Jan

RBI imposes moratorium on Yes Bank, caps withdrawals at Rs 50,000

Earlier in the day, sources said SBI along with some other financial institutions would bail out capital-starved Yes Bank, with the government giving the go-ahead.

EPFO reduces interest rate on employee provident fund to 8.5%

The move means salaried employees will earn lower returns for the financial year ending on March 31, 2020

Winter crop harvest under the weather after thunder, hailstorm forecast

GVA for agriculture and allied activities in 2019-20 is projected to rise at 11.3% at current prices and 3.7% at constant prices

Andhra govt says Swiss firm IMR proposes 10-mn tonne steel plant in state

Seeks to invest Rs 12,000 cr in a unit in CM Jagan Mohan Reddy's home district YSR Kadapa

Wealth tax, STT, CTT disputes kept out of 'Vivad Se Vishwas' scheme

The liability would go up to 110 per cent (135 per cent in search cases) if the taxpayer pays between April 1-June 30

UP to acquire 2,500 acres for manufacturing hub in industrial corridor

Three places in the state identified for proposed integrated manufacturing cluster.

Rare whiskey, wine, luxury handbags: You could have made a fortune in these

Rare whiskey, which was the best performer in 2018, fell to the third place with an annual price increase of 5%

More than rhetroic needed to reignite Malaysian palm oil exports to India

Malaysian supplies of palm oil to India have slowed to a trickle since Delhi adopted a hardline stance after Mahathir criticised actions in Kashmir in September

Action will be taken if telcos don't pay AGR dues: Govt tells Lok Sabha

This was stated in reply to a question in Lok Sabha on Wednesday by Minister of State for Communications Sanjay Dhotre

How badly may Covid-19 hurt India's trade? Could wipe out $348 mn, says UN

The most affected sectors include precision instruments, machinery, automotive and communication equipment

Taxmen threaten to stall work in protest if working conditions don't change

Corporation and income tax collection for the current year is likely to fall for the first time in at least two decades

I-T dept unearths Rs 324 crore worth TDS defaults of a telecom firm

The statement informed that several hospitals of the city were found openly flouting the norms of TDS and tax collected at source (TCS) and were paying less tax to the Income Tax Department

Coronavirus: India tries to revive economy by pushing banks to lend more

Lenders have been asked to focus particularly on 10 states in northeast and central India, regions where less credit has been made available than elsewhere

Need more competition in business to accelarate growth: CEA K V Subramanian

C Rangarajan requests CEA to bring in clarity on GDP growth numbers

I-T department approaches 5,627 entities to avail Vivad se Vishwas scheme

Of this, a total 1,730 assessees, involving a tax demand of Rs 1, 578 crore, have agreed to come under the scheme

Coronavirus: Railways asks all zones to take precautionary measures

It also directed the officials to inform the principal chief medical directors if a suspected case is identified in hospitals

Europe 'panicking' over India's pharma export curbs: Industry body

India's list of restricted medicines account for 10 per cent of its total pharmaceutical exports and includes several antibiotics, as well as Paracetamol

Cabinet nod for foreign listing of firms, decriminalising offences

In ease of doing business push, 72 changes to companies law okayed