Page 1960 - Economy & Policy News
Slowdown blues: UP clocks muted 4.1% GSDP growth in Q2 of 2019-20
The state trails India's GDP growth of 4.5% in July-Sep quarter
 "Slowdown blues: UP clocks muted 4.1% GSDP growth in Q2 of 2019-20")
To ease burden on NCLT, govt notifies rules for winding up of companies
Currently, voluntary liquidation cases are primarily taken up under the Insolvency and Bankruptcy Code (IBC)
 "To ease burden on NCLT, govt notifies rules for winding up of companies")
Govt may make mid-career training for highway engineers mandatory: Gadkari
"Mid-career training should be mandatory for promotion of highway engineers to next higher levels," the road transport minister Gadkari said on Tuesday.
 "Govt may make mid-career training for highway engineers mandatory: Gadkari")
Regulatory transparency still a far cry from instilling public confidence
While RBI's recent move to make the minutes of its Central Board meeting public is welcome, regulators across sectors are generally loath to reveal cost-benefit analyses of their decisions
 "Regulatory transparency still a far cry from instilling public confidence")
Reduce tariffs and streamline taxes: Indo-US business groups to FM
In a series of recommendations ahead of the Union Budget 2020, USISPF urged Sitharaman to allow two per cent mandatory spend on CSR as a tax-deductible expense
From tax rate cuts to job creation, India Inc sees a populist Budget
Tax rate cuts, job creation measures expected: BS POLL
 "From tax rate cuts to job creation, India Inc sees a populist Budget")
IMF sees medium-term risks to global economy; more easing not the answer
The IMF said that global growth would have been 0.5 percentage point lower without last year's actions
 "IMF sees medium-term risks to global economy; more easing not the answer")
Irdai issues norms to protect group policyholders of merging PSBs
"The insurance companies shall make suitable arrangements with the acquiring banks to this effect," said the the Insurance Regulatory and Development Authority of India (Irdai)
 "Irdai issues norms to protect group policyholders of merging PSBs")
Budgetary targets to super-rich tax: A status check on FM's Budget promises
Business Standard looks at some of the points that the finance minister is unlikely to tweet about, since these are still works in progress, are incomplete, or have been scrapped
 "Budgetary targets to super-rich tax: A status check on FM's Budget promises")
SIT on black money for capping cash at home to check unaccounted wealth
The proposed measures aim to bring stricter norms to curb holding of illegal cash and mismanagement of unaccounted cash seized by the probe agencies during investigations
 "SIT on black money for capping cash at home to check unaccounted wealth")
After two years of relief, govt to feel corporation tax pinch in FY20
The cut in the rates for companies not availing exemptions, and new manufacturing units, will hit the exchequer by Rs 1.45 trillion by the government's own admission
 "After two years of relief, govt to feel corporation tax pinch in FY20")
Janak Raj to succeed Michael Patra at RBI's monetary policy department
Patra will be part of the six-member monetary policy committee (MPC) as a deputy governor, and so will be Raj as an ED of the department. Raj would be part of MPC as an internal RBI member
 "Janak Raj to succeed Michael Patra at RBI's monetary policy department")
Onion prices slip 40% in a week on increased supply across the country
Data from the Nashik-based National Horticultural Research and Development Foundation showed onion was trading at at Rs 24 a kg on Tuesday in the benchmark Lasalgaon mandi in Nashik district
 "Onion prices slip 40% in a week on increased supply across the country")
Govt likely to restore 2% additional duty incentive on mobile phones export
This duty benefit, which will help boost exports, is expected to continue till March 31, 2020
 "Govt likely to restore 2% additional duty incentive on mobile phones export")
Budget 2020 likely to raise spending to revive economic growth: Report
India is facing its worst economic slowdown in a decade
 "Budget 2020 likely to raise spending to revive economic growth: Report")
Central Zonal Council meet focuses on forest clearance, banking
Amit Shah called upon the states to adhere to the timeline of 2 months for completion of heinous offences
 "Central Zonal Council meet focuses on forest clearance, banking")
Irdai issues norms to protect group policyholders of merging state banks
Moreover, Irdai has said a bank in its capacity as a group organizer may have group insurance arrangements with any number of insurance firms
 "Irdai issues norms to protect group policyholders of merging state banks")
Declare education 'for profit': Educationists, private schools urge govt
It is an open secret that school owners make money - at times hand over fist - but maintain that they are not for profit
 "Declare education 'for profit': Educationists, private schools urge govt")
Pact between Gujarat handloom and Flipkart, CAIT condemns govt's move
The Confederation of All India Traders (CAIT) in a statement said it "strongly condemned the decision of the Gujarat government announcing" this memorandum of understanding (MoU)
 "Pact between Gujarat handloom and Flipkart, CAIT condemns govt's move")
India for elimination of trade-distorting subsidies on agriculture in WTO
On the World Trade Organization's (WTO) appellate body for dispute settlement, he said early restoration of the full strength of the body will help in realising the objectives of the WTO
 "India for elimination of trade-distorting subsidies on agriculture in WTO")