Page 1927 - Economy & Policy News

Special-series bonds could be over 10% of FY21 gross borrowing target

Amount of debut issue and subsequent tranches will be finalised by FinMin, RBI in end-March

Coronavirus puts global recovery at risk: IMF's Kristalina Georgieva to G20

"The projected recovery... is fragile," IMF chief Kristalina Georgieva said at the meeting in the Saudi capital

Some restrictions imposed on export of medical equipment to China: MEA

Last week, Chinese Ambassador Sun Weidong urged India to review restrictions on trade and movement of people

Chhattisgarh govt may bring anti-CAA resolution in budget session

In a cabinet meeting held on January 30 here, the state government decided to request the Centre to repeal the CAA in view of protests to the new citizenship law.

Bengal jute industry hit by fund crunch as banks set stringent credit norms

At present, three major jute mills remained closed due to working capital crunch, industry sources said

NHAI collects Rs 20 cr from 1.8 million defaulters entering FASTag lanes

Over 1.55 crore FASTags have been issued through multiple Point of Sale (PoS) location

Yogi govt allots Rs 2,100 cr for police and fire dept revamp, forensics

UP Budget provides Rs 3 cr for curbing cybercrime against women, children; Rs 28 cr set aside for rape and acid attack victims

Centre approves levy of 28% GST on lotteries from March 1, rate notified

The revenue department notified the GST rate on supply of lotteries and amended its earlier Central Tax (Rate) notification

Govt keen to sell stake in THDCIL, NEEPCO to NTPC this fiscal: Report

The government's shareholding of 74.23 per cent in THDCIL will be divested along with transfer of management control to the NTPC

Natural gas prices in India likely to be cut by steep 25% from April

This will be the second reduction in six months and will reduce rates to the lowest in two-and-half-years

RBI reviewing monetary policy framework, says Shaktikanta Das

"The monetary policy framework is in operation for three and a half years. We have initiated a process of internal review of how the monetary policy framework has worked," Das said.

NBFCs, HFCs may get 1 year extension for restructuring loans: Report

The move will bring NBFCs and HFCs at par with banks in treatment of loans given for restructuring of real estate projects without downgrading the asset classification

Budget analysis: Infra takes a hit this year, FY21 social spends to drag

However, extra-budgetary borrowing in the form of fully-serviced govt bonds to boost scheme spending this fiscal, and maintain spending growth in the next, Budget documents show

India needs to shift fully from pro-crony to pro-business policies: CEA

The problem with cronyism is that it is not better business models and processes which drive the growth, he said

PMO seeks specific details from FinMin on benefits of merging 10 PSBs

One advantage of the merger cited by the banks to the government is that their capital base would go up

Nirmala Sitharaman emphasises need to enhance global risk monitoring

The finance minister also highlighted the initiatives undertaken by the Indian government for empowering women such as 'Stand Up India' and STEP scheme

Trump visit: Uncertainty continues to loom over Ahmedabad itinerary

No confirmation on visit to Sabarmati Ashram amid speculation that it will be given a miss

Centre pays Rs 50,850 crore to farmers under PM-KISAN scheme

Total number of beneficiaries covered under the scheme is about 14 crore, based on estimates of the Agriculture Census 2015-16

India, US struggle to bridge trade dispute ahead of Trump's India visit

For now, the failure to reach a deal, despite the pressure of an approaching summit, may reflect not so much the differences between Trump and Indian Prime Minister Narendra Modi as the similarities

Tamil Nadu cancels PCPIR project over objections, environmental concerns

The PCPIR in Tamil Nadu, notified in June 2017 in an area of 256.83 square kilometers, had seen an actual investment commitment of Rs 8,100 cr