Page 1932 - Economy & Policy News

Decline in global merchandise trade volumes to continue for now: WTO

Situation to worsen as estimates don't take into account coronavirus outbreak

RBI manna for MSME sector can spur demand, says CRISIL SME Tracker

The benefit would be available to MSME loans that were in default but "standard" as on January 1, 2019

Govt must continue reforms, green shoots of recovery need to sustain: RBI

He said the fallout of the outbreak of novel coronavirus in China needs to be closely monitored by "every policymaker" to tailor a swift response

Govt scraps tenders worth Rs 30,000-crore to push Make in India products

Piyush Goyal asked the industry to look for ways to expand the country's export basket by adding more value-added products and cut shipments of raw materials

Odisha's GDP expected to grow at 6.16% in FY20, shows Economic Survey

According to the Odisha Economic Survey, the state's GSDP is growing at average annual growth rate of 7.5%, enabling it to grow at rate faster than national average in 8 years save 2014-15

Payment of AGR dues to slash fiscal deficit to 3.5% in FY20: SBI economists

According to the revised budget estimates, the government expects a fiscal deficit of 3.8 per cent in 2019-20

Telecom AGR dues: RBI closely monitoring developments, says Governor Das

In an interview with PTI, Das said so far no red flags have been raised but the central bank continues to monitor the situation closely

I believe SC's AGR ruling does not apply to non-telecom PSUs: Pradhan

He went on to state that neither of the public sector undertakings slapped with huge demand has any core work in the telecom business

India serves strong demarche on Turkey over Erdogan's Kashmir comments

MEA Spokesperson Raveesh Kumar said India rejected the repeated attempts by Turkey to justify the cross-border terrorism "practised so blatantly" by Pakistan

UP Khadi likely to sign agreement to supply textile to retail major Raymond

In 2018, state had signed up Amazon for khadi

India takes over presidency of COP 13 to Convention of Migratory Species

The minister was handed over the Presidency of the COP by the Philippines, which was presiding over the convention from 2017 till now

Temple on wheels: Kashi-Mahakal Express reserves seat for Lord Shiva

Kashi-Mahakal Express gets a temple on wheels dedicated to Lord Shiva

Coronavirus heat: Govt to rework supply chain as China shutdown intensifies

While the crisis situation has prompted the government to rework the supply chains, there's no clear road map yet on how the supply shortfall can be met in the near term at least

Coronavirus may damage global growth in 2020: IMF's Kristalina Georgieva

'However, a sharp & rapid economic rebound could follow'

DEA had red flagged possible 'risks' over IL&FS collapse in 2018

DEA said that NBFC licenses could be cancelled also

Taxmen to ease rules for amnesty scheme, help assessees to meet deadline

Assessees may now face pressure from the commissioner of income tax (appeals), or CIT(A), to withdraw cases

Budget 2020 was disappointing for lacking vision, says Ashima Goyal

However, the finance minister has achieved a "balancing act" through her moves, Goyal said

Discoms' outstanding Dec dues to power gencos up nearly 50% to Rs 88,177 cr

Discoms in Rajasthan, Uttar Pradesh, Jammu & Kashmir, Telangana, Andhra Pradesh, Karnataka and Tamil Nadu account for the major portion of dues to power gencos

Prices are same, but power companies look to foreign shores for coal

Distress purchase and Colombian shipments are some of the new sourcing strategies

No timeline to remove income tax exemptions, says Nirmala Sitharaman

"We have not made up our minds as yet (on the removal of all exemptions)... We are trying step by step, move forward and no particular timeline given," she said