Page 1962 - Economy & Policy News

FinMin's new measures to protect prudent commercial decision of bankers

Finance Minister Nirmala Sitharaman at several occasions assured bankers that adequate measures would be taken to protect honest commercial decisions taken by them

Budget 2020: HDFC calls for one-time loan recast for stuck realty projects

Parekh said there have been precedents of similar one-time reliefs being allowed by the RBI in the past including in 1993 and also after the global financial crisis.

14 trains run late in Northern region as low visibility, rains hit Delhi

For the past several days, rail operations have been hit by inclement weather conditions, primarily dense fog.

Brazilian President Bolsonaro calls for investments by Indian companies

Brazil is pushing India to expand its footprint in the country's mining, power and agri business sectors

PSU insurance firms seek Rs 12,000-cr infusion as merger put on fast track

The financial condition of the three companies has, meanwhile, deteriorated and warrants capitalisation, if the merged entity is to be listed

Budget 2020: MNREGA real wages see slow growth in 2018-19, shows data

The average days of work provided were also below the mandated 100.

Budget 2020 Wishlist: Here are the key challenges for automobile sector

Like the last quarter, firms will focus across its value chain to ensure smooth transition to BS-VI

Wheat output in India is likely to hit a record high this year: NCML data

Data compiled by National Collateral Management Services (NCML, a non-government body) shows a 6.3 per cent rise to 109 million tonnes

Palm oil imports from Malaysia likely to hit 9-year low in January

Lower imports by India, the world's biggest palm oil importer, could weigh on Malaysian prices that have corrected nearly a tenth after hitting a three-year peak earlier this month

Budget 2020: Time for govt to reintroduce wealth tax, says Abhijit Banerjee

India had passed the Wealth Tax Act, 1957 which was levied on an individual, a Hindu Undivided Family and a Corporate entity on its valuation, which was repealed in April 2016

Despite kharif loss, Centre pegs 7% rise in 2019-20 onion output

Overall vegetable production estimated higher than last year at 188 mt; that of fruit, spices could be a little less

Budget 2020: Toyota seeks scrappage policy, income tax relief on vehicles

The auto industry is willing to share its portion towards realising such scrappage policy, which will eventually have a more sustainable impact on the environment, he added.

Stake sale in Air India 'bold move', attractive offer tabled by govt: CAPA

This is the second time in less than two years that the government has come out with proposal for selling stake in Air India

Jewar airport: Land for phase one acquired, villagers clash with officials

Sub-Divisional Magistrate Gunja Singh was injured during the clash which broke out around 11.30 am, they said

Unsold luxury homes grow 10%, stock still a fraction of affordable: Anarock

Affordable homes make up 36% of the unsold housing stock, while luxury segment's shares is 14%

Air India sale: Sweeteners galore for the bidders in govt's new EoI

Prospective buyers can now sell off the airline after a year, require reduced net worth to be eligible and don't need to have shown profits in the past to be eligible for bidding

Budget 2020: Booster likely for capital gains on property and equity

The breakthrough measure, if it materializes, will be doing away with capital gains on sale of property

Nabard pegs 20% hike in Odisha's credit potential, at Rs 90,395 cr

Credit potential in agriculture is 48% of total priority sector. Of this, 93% is estimated under farm credit consisting of crop loans and term loans for agriculture and allied activities

Auctions fail to get mine blocks running, only five leases inked in 5 years

Analysis by Fimi shows how auctions have lulled mining from virgin blocks

Govt expects onion output to rise 7%; sees fall in fruits, spice production

Consequently, production of onion -- the key kitchen staple -- is estimated to increase to 24.45 million tonne this year from 22.81 million tonnes in the 2018-19 crop year.