Page 1946 - Economy & Policy News

To avoid PMC-like crises, Cabinet approves banking regulation amendment law

The Union Cabinet was chaired by Prime Minister Narendra Modi

FM introduces 'Vivad Se Vishwas' Bill in LS to settle direct tax disputes

It will not apply to prosecution cases under PMLA or IPC

Status of political parties' electoral bonds recieved in sealed cover: EC

The EC submitted the affidavit in the pleas filed by an NGO and others seeking a stay on the Centre's Electoral Bond Scheme, 2018

Systemic change: Hits and misses of India's bankruptcy reforms code

IBC has had a carrot-and-stick effect - making companies serious about governance and bringing stuck capital back into the economy. It seems to be a work in progress, but the system is surely working

Agri sector faces issues in implementation of policy reforms: Niti Aayog

The states should be encouraged to play an active role in the overall growth of the agriculture sector, said NITI Aayog member

Govt to sanction all 11.2 mn houses under PMAY by next month, says Puri

The initial demand was to sanction and construct 1 crore houses by March 2022

Digital economy poses challenges to both mkt participants, regulators: CCI

The challenge for the regulator is to put in place a legal and regulatory framework and also provide for appropriate safeguards, the Chairperson said

Coal India planning to tap non-power sectors for incremental coal

Coal despatch to the power sector in the first nine months of the current fiscal was down by 8.1 per cent at 334.27 million tonnes

Govt hopeful of selling minority stake in LIC in next fiscal, says DEA Secy

The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank in the next fiscal out of total disinvestment target of Rs 2.10 trillion.

Pay by app: The risks and rewards as Indians chuck cash, go digital

There are 238 digital payment apps to choose from if you still haven't downloaded one for your smartphone

Hard path to growth: How the next 6 months look for India's economy

The signals for the economy are not positive: overall demand is yet to pick up; the share of total exports in India's GDP is declining, and industrial output pattern remains worrying

Strategic shift: India asks private companies to firm up defence production

With defence budget stagnating and government agencies lagging in building weapon systems, India needs the private sector to fill up the production vacuum

Budget meets slowdown: Govt's challenge on Feb 1 is to revive demand

What the Budget does to revive demand will determine if the economy can shrug off slowdown and regain momentum.

Why a growth rate falling below 5% is a clear and present danger for India

At 5 per cent, GDP growth in the current year would be an 11-year low. Worse, this will also mark a deceleration for a third straight year, writes A K Bhattacharya

Senior citizens to be taken care of at home, govt working on scheme

A 2007 law has the provision for taking care of all senior citizens. However, the government is working on a new law to ensure those living alone are taken care of in a better way.

Not quite flying: Why the Modi govt's UDAN scheme is struggling

All airlines operating on UDAN routes have hit turbulence financially, though not entirely due to the scheme. Places to be connected in the first round still have no airports or airstrips

Confident of meeting Rs 11.7-trn direct tax collection target in FY20: CBDT

Income tax collection target for next fiscal is pegged at Rs 6.38 trillion and corporate tax collection at Rs 6.81 trillion

$118.3 bn received in remittances since 2018-19: Govt to Lok Sabha

According to the data received from Indian missions, there are an estimated 13.62 million Indians abroad

Govt to finalise PSU general insurers' merger by March-end: Finance Secy

Though the merger process was in the works, the government would take a call on listing the merged entity after the merger, he said

Vivad se Vishwas: CBDT to collect data on direct tax cases in high courts

The CBDT has asked the regional Income Tax Department chiefs to "personally monitor" the exercise