Page 1913 - Economy & Policy News

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

PMJDY helps raise women's ownership of bank accounts to 77% in 2017: Report

PMJDY, launched on August 27, 2014, by Prime Minister Narendra Modi, was aimed at providing financial services to the poor.

Cabinet likely to clear PSB merger, decriminalise sections of Companies Act

As many as 43 sections of Companies Act will be decriminalised through Cabinet approval

Co-working operators lease 10.8 mn sq ft area in 2019, up 26%: CBRE

The overall stock in flexible space market rose about 60 per cent from about 19 million sq ft in 2018 to touch 30 million sq ft in 2019

Use of fossil fuels for power at turning point as renewables surge: Report

The data also indicates that renewable power generation increased at a faster rate than the overall growth in power output for the first time

Odisha GST collections up 11% to Rs 27,044 cr during April-February

The gross GST collection during the last month was Rs 2,790 crore

At 57.5, India's services PMI grows at a pace not seen in seven-years

Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years

Services grow at a pace not seen in 7 years, Feb PMI expands to 57.7

Behind the resilience in the trend for business activity stands healthy demand for services from both the domestic and international markets

India saw Rs 6.14 trillion, or 3% of GDP, escape tax net in 2017: Report

The report said a staggering $8.8 trillion value gap was identified in trade between 135 developing countries and 36 advanced economies over the period of 2008-2017.

World Bank doles out $12 bn in emergency aid to combat coronavirus

'The goal is to provide fast, effective action that responds to country needs,' World Bank President David Malpass told reporters

Salaries of around 30 mn industrial workers set to rise with new CPI series

The weight for food and beverages components will decline from 46% to 39% in the new series