Page 1945 - Economy & Policy News
Monetary policy review: RBI extends helping hand to MSMEs, realtors
Extends restructuring window for MSME loans, DCCO of project loans for commercial realtors
 "Monetary policy review: RBI extends helping hand to MSMEs, realtors")
AIIB likely to lend $3 bn to Andhra Pradesh for development projects
Reddy told AIIB officials that his government intended to utilise these funds to construct ports at Bhavanapadu and Machilipatnam in Srikakulam and Krishna districts, respectively
 "AIIB likely to lend $3 bn to Andhra Pradesh for development projects")
RBI policy: CPI-based inflation to GDP growth, key numbers at a glance
CPI projection revised upwards to 5.4-5.0% for H1FY21 from 4-3.8% in December policy
 "RBI policy: CPI-based inflation to GDP growth, key numbers at a glance")
RBI's DPI to track reach of digitisation of payments in India by July
The index, according to people in the know, will help the regulator understand the impact and spread of digital payments in rural, urban, and semi-urban areas
 "RBI's DPI to track reach of digitisation of payments in India by July")
Rajasthan commission revises power tariff with 11% hike at Rs 4800 crore
The revised tariff will generate additional revenue of Rs 792 crore in the last two months (February and March) of the current fiscal year
 "Rajasthan commission revises power tariff with 11% hike at Rs 4800 crore")
GST evasion: To tighten enforcement, I-T officials to share taxpayers' info
Currently, state tax officials administer and control 90 per cent of the assessees below Rs 1.5 crore annual turnover, and the remaining 10 per cent is with the central tax officers.
 "GST evasion: To tighten enforcement, I-T officials to share taxpayers' info")
Bankers, analysts welcome RBI's liquidity boosting policy measures
The market has taken the long-term repos worth Rs 1 trillion as the biggest developmental and regulatory step that came out of the blue, analysts said
Fundamentals of Indian economy strong, no reason for being despondent: Modi
Rejecting pessimism over the target of nearly doubling the size of the economy to $5 trillion, he said aspirational targets were needed to move ahead
 "Fundamentals of Indian economy strong, no reason for being despondent: Modi")
Spectrum sale: BSNL, MTNL's inclusion may lead to 'conflict of interest'
The government is planning to hold next round of spectrum auction in April-May this year. The auction will also include radiowaves for 5G services
 "Spectrum sale: BSNL, MTNL's inclusion may lead to 'conflict of interest'")
RBI policy: Repo rate unchanged at 5.15%; MPC retains accommodative stance
The RBI raised its inflation projection for the six months to Sept to 5-5.4% from 3.8-4% previously, while terming the outlook on price rise as "highly uncertain"
Long-term repos aimed at helping banks cut lending rates: Shaktikanta Das
At the sixth bi-monthly policy announcement, where the policy rates were left unchanged, the Reserve Bank announced long-term repurchase agreements (repos) of one-year and three-year tenors
 "Long-term repos aimed at helping banks cut lending rates: Shaktikanta Das")
Let's work together to make India a $5 trillion economy: PM Modi
In Lok Sabha, PM Modi also exhorted all the members to give suggestions on ways to take advantage of opportunities thrown up by the current global economic situation.
 "Let's work together to make India a $5 trillion economy: PM Modi")
Data Protection Bill should be discussed widely in Parliament: Prasad
Responding to a question on data protection legislation movement that was taking time, Prasad said time must be given for parliamentary deliberations and added that "what comes out, will be good".
 "Data Protection Bill should be discussed widely in Parliament: Prasad")
No objection received against new appraisal system for bureaucrats: Govt
Apart from the multi-source feedback, the empanelment process takes into account the overall service record, the vigilance status and the suitability of the officers concerned
 "No objection received against new appraisal system for bureaucrats: Govt")
NABARD estimates Rs 34,421 crore credit potential for Chhattisgarh
NABARD Chief General Manager M Soren informed that the total credit potential for Chhattisgarh for the financial year 2020-21 is Rs 3977.59 crore ahead of previous year's projection of Rs 30443.79 cr
 "NABARD estimates Rs 34,421 crore credit potential for Chhattisgarh")
Modi says govt focus is on 'maximum job creation', attacks Opposition
He accused the Congress party of delaying the development of the country for 70 years
RBI has many other tools to revive growth, not just interest rates: Das
The monetary policy committee (MPC) kept the policy repo rate unchanged at 5.15 per cent, continuing with the accommodative stance to revive growth
RBI raises CPI inflation to 6.5% for Oct-Dec, outlook 'highly uncertain'
Going forward, the inflation outlook is likely to be influenced by several factors like food inflation, crude prices and input costs for services, RBI said
 "RBI raises CPI inflation to 6.5% for Oct-Dec, outlook 'highly uncertain'")
Worried about abuse of social platforms for revenge porn, fake news: Prasad
He also asserted that identification of the originator of messages was still a problem with regard to WhatsApp
 "Worried about abuse of social platforms for revenge porn, fake news: Prasad")
Why govt may have to lower its FY20 tax revenue target a second time
For this financial year, the Budget has already slashed the net tax revenue figures by Rs 1.45 trillion in RE to Rs 15.04 trillion, down from Rs 16.49 trillion given in the BE in July 2019
 "Why govt may have to lower its FY20 tax revenue target a second time")