Page 1952 - Economy & Policy News

RBI MPC starts meeting to decide new rates amid slowdown, rising inflation

The retail inflation that for several months remained in the comfort zone of the central bank has started inching up and crossed the 7 per cent mark during December 2019

Recruiters bullish on hiring outlook in the first half of 2020: Survey

Around 55 per cent recruiters anticipate new jobs as well as replacement hiring to happen in the first half of the year

'Too radical': Centre likely to implement direct tax code in parts

The new income tax regime is modelled on the task force's recommendations

Stock markets cannot expect the moon every time: CBDT chairman P C Mody

A three per cent rise is definitely achievable

Malaysia says palm oil dispute with India is 'temporary', will be resolved

Last month, India restricted imports of refined palm oil and asked importers to avoid purchases from Malaysia after its criticism of India's actions in Kashmir and a new citizenship law

15th FC's disaster risk index to address deficiency in state-level funding

The DRI has been developed through a quantitative exercise assigning scores to the probability of hazards and the extent of vulnerability of a state

Bonds rally as govt keeps borrowing programme limited to Rs 7.1-trn

The government borrows from the market for the buyback, but it is not doing so for the next year

Resources being prudently used, unlike UPA regime: FM Nirmala Sitharaman

Sitharaman said her ministry is motivating tax officers to meet the collection targets and not forcing them to do so

Centre looks to issue G-secs without foreign limits in first half of FY21

India may get included in global bond indices soon

Budget 2020: In a first, defence gets more for pension, less for salaries

Army planners are increasingly worried about this drain on funds that could otherwise go towards equipment modernisation

Synthetic yarn may get cheaper with anti-dumping duty removal on PTA

While it will improve cost efficiencies in the textile industry, manufacturers of this key raw material may see their margins getting squeezed

Indian economy not in recession, MoS Finance Anurag Thakur tells Parliament

Minister of State for Finance Anurag Thakur said that the Index of Industrial Production (IIP) has improved as it registered a positive growth of 1.8% in November 2019

We have reprioritised spending to be more productive: Expenditure Secretary

If you look at the growth target of 10 per cent nominal GDP, what we expect is something like 6-6.5 per cent real GDP growth, and inflation of 3.5-4 per cent

Jal Jeevan Mission to add 11.5 million household tap connections by FY21

The scheme is also expected to generate through construction as well operation and maintenance activity undertaken for piped water supply

RBI governor Shaktikanta Das is Asia Pacific central banker of the year

Nominating Das, the magazine said India's banks have faced a series of challenges, from non-performing loans to issues around fraud

Monetary policy review: RBI likely to maintain its pause on rates

The MPC had sharply revised its CPI inflation forecast for H2FY20 to 5.1-4.7 per cent from 3.5-3.7 per cent, with risks broadly balanced

Manufacturing PMI hits 8-year high of 55.3 in Jan on demand revival

The growth was driven by a sharp rise in new business orders amid a rebound in demand conditions.

From Hyundai to Tata Motors, automakers kick off 2020 on weak note

With no succour provided in the Budget, the pain for companies is likely to continue for the next two quarters

Money raised through disinvestment will be used to develop infra: FM

The government set an ambitious disinvestment target of Rs 2.10 trillion for the next financial year, which includes selling stake in BPCL and LIC

To boost domestic investment, Sitharaman's Budget focuses on foreign firms

A fiscally-strapped finance ministry was not expected to hand out any major sectoral sops. It has offered, instead, room for larger sector-agnostic investments, in spite of the protectionist character