Page 1933 - Economy & Policy News

Non-life insurers' Jan premium collection up 7.2% at Rs 17,226 cr

The rest of the specialised PSU insurers -- Agricultural Insurance Company of India and ECGC Ltd -- reported 92 per cent spurt in total premium at Rs 1,051.73 crore during the month.

Govt to pump Rs 1,300 cr in Exim Bank next fiscal to drive business growth

Established in 1982, Exim Bank is the apex financial institution for financing, facilitating and promoting the country's international trade.

FRBM Act not breached in budget, committed to reducing fiscal deficit: FM

The Centre had earlier said it was committed to reduce the fiscal deficit to 3 per cent of GDP by 2020-21 and eliminate the primary deficit as per the FRBM Act.

Govt allows companies to list global depository receipts on Gujarat IFSC

A depository receipt is a foreign currency denominated instrument, listed on an international exchange, issued by a foreign depository to a domestic custodian and includes GDRs

Why the new optional tax regime could adversely affect dwindling savings

Commenting on the proposal, eminent economist and former Union Minister Yoginder Alagh said, "it (proposal) will definitely reduce savings incentives".

May alter design to complete Zojila tunnet at zero cost escalation: Gadkari

Stalled for six years, tunnel is strategic as Zojila Pass is at altitude of 11,578 ft on Srinagar-Kargil-Leh highway and remains closed in winter due to heavy snowfall, cutting off Ladakh from Kashmir

Gold imports plunge 9% to $24.64 billion during April-January: Govt data

Imports of the yellow metal stood at $27 billion in the corresponding period of 2018-19.

Tea Board Chairman calls for disengaging body from auctioning system

He said that the Tea Board's role should only be restricted to issuing licences for opening up the auction centres after duly checking their financial capabilities

No reason to go back on govt's mega-merger plan for state-owned banks: FM

On August 30 last year, Sitharaman had announced the biggest merger exercise of PSBs

RBI to sync its accounting year with govt's fiscal year from 2020-21

With this move, the central bank will do away with nearly eight decades of practice

Objective of kick-starting growth not addressed effectively in Budget: Garg

"All these expenditures are unlikely to be imparting any fresh growth stimulus to the Indian economy," he argued

Will calculate interest on delayed GST payment on net tax liability: CBIC

There have been cases where GST assessees have paid taxes after due date but did not pay the interest due on account of delayed payment

PM Modi to inaugurate projects worth over Rs 1,000 cr in Varanasi tomorrow

The PM will also address a rally in his parliamentary constituency

Coronavirus impact: Seafood exports to China unlikely to be affected

During April-December 2019, total seafood exports to China rose by 75 per cent to $1.032 billion

AGR case: COAI says govt has vast powers to address telecom sector's issues

Of the three private players, market analysts consider Vodafone Idea to be in the most vulnerable position

RBI board recommends aligning accounting year with fiscal year from 2020-21

The Central Board of Directors of the RBI at its 582nd meeting reviewed the current economic situation, global and domestic challenges and various areas of operations of the RBI

Budget proposals won't have much inflationary impact, says RBI Governor Das

Retail inflation based on consumer price index (CPI) soared to a near six-year high of 7.59% in January

Eyeing trillion-dollar economy, UP to develop 75 districts as export hubs

Meanwhile, the Yogi Adityanath government is preparing an export policy to give an impetus to the MSME sector

Govt monitoring farm credit given by banks in rural areas: FM Sitharaman

The farm credit target for the current fiscal has been set at Rs 13.5 trillion

Govt clears Rs 540 cr from stress fund for stalled housing projects

The Central government last year announced a Rs 25,000 crore fund to help complete over 1,500 stalled housing projects