Page 1953 - Economy & Policy News

LIC IPO: Interest of policyholders will be protected, says Anurag Thakur

Listing of LIC will help bring in greater transparency, public participation and also deepen the equity market, he said

India's fiscal slippage announced in budget for FY21 is modest: Fitch

The new budget now explicitly recognizes borrowing from the National Small Savings Fund of 0.8% of GDP in both FY20 and FY21, to finance food subsidies., Fitch said

NPAs of public sector banks stand at Rs 7.27 trillion: Govt tells Lok Sabha

The minister said systematic and comprehensive checking, including of legacy stock of NPAs of PSBs, for frauds under the framework has been taken note of by the Reserve Bank of India

Dear FM, don't be scared of my questions, youth want jobs: Rahul Gandhi

He said Union Finance Minister Nirmala Sitharaman should not be afraid of answering questions raised by him on behalf of the youth, to whom the government is answerable

India's electricity supply rises 3.25% in Jan after 5 months of decline

Power supply rose to 106.36 billion units in January, up from 103.01 billion units last year, an analysis of daily load despatch data from state-run Power System Operation Corp Ltd (POSOCO) showed

Manufacturing PMI signals revival, hits 8-year high of 55.3 in January

The IHS Markit India Manufacturing PMI rose from 52.7 in December to 55.3 in January, its highest level in just under eight years

Green shoots: Manufacturing PMI expands to 8-year high of 55.3 in January

In response to the jump in sales, factories hired new workers at the fastest rate in more than seven years

Decoding Budget 2020: Nirmala Sitharaman's fiscal maths gone awry

Slowdown in economic growth has taken a clear toll on revenue growth

Nirmala Sitharaman's Budget proposals to stimulate economic growth

The tax proposals are aimed at stimulating growth, simplifying tax structure, bringing ease of compliance and reducing litigation

Union Budget 2020: NHAI to borrow less next year while targets elude

In the highways sector, the debt of the National Highways Authority of India has weighed down on the projections for next year

Budget 2020: Borrowings by FCI will rise 24% to Rs 1.36 trillion

This includes loans from NSSF at Rs 1.36 trillion

Budget 2020: NRI tax to only impact India earnings, govt clarifies

The Union Budget had proposed on Saturday that NRIs have to pay up taxes on global earnings, if they're not paying in any other jurisdiction or country, generating much debate

LIC listing may take about a year, says Finance Secretary Rajiv Kumar

Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"

Nirmala Sitharaman's Budget 2020: What it means for the social sector

Expectations remain high but fiscal constraints could lead to the emergence of implementation challenges in many of the schemes during the year

FM Nirmala Sitharaman's Budget goal: Lower rates, simple structure

The FM disagreed with experts who termed the new tax regime complex and unavailing saying it would benefit some taxpayers, if not all

Budget 2020: The focus is on simplifying GST and preventing evasion

The direct tax proposals aim to accelerate economic momentum and ease of living for taxpayers, though the key will lie in smooth administration

Growth triggers still missing in Nirmala Sitharaman's second Budget

Companies which stand to gain the most are rural focused players, gas utilities, building material makers and logistics firms.

Budget 2020: States' share in central tax pool seen at 50-year low

The states' revenue from the central tax pool was up 25.8 per cent YoY in FY19, while it was down 0.4 per cent YoY in FY18

Coronavirus: Indian industry may get to fill gap left by Chinese traders

The real impact of trade can be gauged after February 8, when the Chinese Lunar Year holidays end

Strict provisions across Customs rules to tighten the screws on imports

A string of measures includes specific provisions in rules governing anti-dumping, safeguards, and basic Customs duties.