Page 1913 - Economy & Policy News

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

Why changes in crop insurance scheme could raise issues of sustainability

There are two principal changes. The first is the decision to make the scheme voluntary for non-loanee farmers and the second imposes a limit on the premium subsidy to 30 per cent for unirrigated area

PMI: India's services sector growth hits 7-year high of 57.5 in February

Exports zoom but job growth at 3-month low

Vivad se Vishwas scheme: I-T officials up in arms over CBDT diktat

The move comes after the direct tax body put out a directive, asking officials to bring all the disputed cases under the scheme

Will go through Supreme Court order on cryptocurrency: FM Sitharaman

The apex court on Wednesday set aside an RBI circular of 2018 which had prohibited financial sector entities from providing services to any individual or business dealing in virtual currencies.

Indian Railways provided first aid to over 60,000 passengers in 2018-19

Railways Minister Piyush Goyal said these passengers were given medical care and were even attended to by doctors on payment basis.

Follow the Fed? Why central banks won't be rushed on virus response

While the coronavirus outbreak is already disrupting global supply chains, slowing industrial activity, grounding flights and hitting financial markets, central banks have more reason to hold out.

Govt formulating National Retail Trade policy to make sector more conducive

The policy aims to create conducive environment for retail trade including by simplifying rules and regulations

RBI may use unconventional tools to combat coronavirus impact: Report

Globally, central banks are taking steps to provide liquidity to stabilize financial markets, which have sunk as the coronavirus spread over more than 80 countries.

Adityanath govt fast tracks Rs 36,000-crore Ganga Expressway project

The mega 628-km expressway will span across 12 districts in UP

Central spending on farm sector shows little growth without PM-KISAN

If feelers from the govt are any indication, going forward, PM-KISAN will gradually become the marquee scheme for the farm sector, akin to what MGNREGA was for UPA-1 and 2

Merger of 10 public sector banks into 4 to come into effect from Apr 1: FM

The Union Cabinet, she said, has given a go-ahead for the merger proposal and the government has been in regular touch with these banks

NCLT Mumbai orders liquidation of Nirav Modi's firm, spells doom for PSBs

This is said to be the first-ever liquidation order for any company embroiled in the fraud schemed by the Modi-Choksi before they fled the country

Facing tax and divestment shortfall, govt puts faith in Vivaad se Vishwas

The scheme is the sixth tax amnesty launched by Modi-govt; none of its predecessors has yielded anything close to Rs 9 trillion, the amount the govt hopes to mop up this time

Govt approves 72 amendments to Companies Act to decriminalise offences: FM

As many as 23 offences would be recategorised out of 66 compoundable offences under the Act

NRIs can now acquire up to 100% equity in Air India, says govt

Allowing 100 per cent investment by Non-Resident Indians (NRIs) in the carrier would also not be in violation of SOEC norms. NRI investments would be treated as domestic investments

Balance AGR dues of telcos pegged at Rs 1,30,440 crore: Govt in Lok Sabha

On speculations regarding shutting down of Vodafone Idea, Dhotre said no such information is available with the government

Impact of divergence between ministries and govt depts on economic data

Departments are most reluctant to factor in changes in the GDP within the same financial year