Page 1965 - Economy & Policy News

India needs more foreign capital to fund record borrowing, says IDFC

India's borrowing may rise to Rs 7.6 trillion ($107 billion) for the fiscal year starting April 1, according to Suyash Choudhary

RBI nod to Jalan panel's ECF proposal led to Rs 1-trillion boost for govt

The framework outlines the methodology for determining the level of risk buffers that the RBI has to maintain

Dairy cooperatives, companies spar over allowing imported milk powder

Private companies support bulk consumers in allowing 50,000 tonnes SMP to be imported at "zero" duty, but cooperatives say that will harm farmers.

Indonesia to increase imports from India amid Delhi-Malaysia spat: Report

The trade ministers of India and Indonesia, which want to more than double their bilateral trade to $50 billion by 2025, met in Davos on Thursday and agreed to fast-forward trade

US wants India to buy $5-6 billion farm goods to seal trade deal

Both governments had hoped to work out a limited trade deal last year, but struggled to reach an agreement.

Audit underway to weed out officials with below-par performance: Gadkari

Gadkari said that monitoring and review at the official level needs greater attention and focus.

RBI Guv calls for structural reforms and fiscal measures to boost growth

The RBI cut rates by 135 basis points last year even as growth fell to a 10-year low in the second half of the fiscal year.

Delhi-Mumbai expressway growth engine, cut travel time by half: Gadkari

Addressing an event at Manesar in Haryana's Gurgaon district, he also said the expressway will cut the travel time between Delhi to Mumbai by almost half

Govt plans to allocate more funds towards MGNREGA, increase wages

The fund allocation towards the Mahatma Gandhi National Rural Employment Guarantee Act in the 2020-21 Budget could be in excess of Rs 70,000 crore

Budget 2020-21 wishlist: Key developments and challenges in power sector

The larger share of non-fossil fuel generation poses new challenges to state utilities

Budget 2020: Commerce department seeks funds to boost export finance

Under the enhanced Trade Infrastructure for Exports Scheme, the ministry has been promised an allocation of around Rs 50 crore, same as it got last year

India may raise duties on $56 bn worth of imports from China, elsewhere

Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, jewellery and handicraft items

How non-tax revenue brought some comfort for govt in difficult times

The Budget estimated Rs 1.06 trillion to come from dividends from RBI, public sector banks and financial institutions in the current financial year

Performance audit for officials, non-performers to go: Nitin Gadkari

Senior officials of the ministry, NHAI, state governments, contractors, concessionaires, and consultants attended the review meeting

India can end up with 5% real GDP growth this fiscal: Bibek Debroy

In the present scenario achieving a nine per cent GDP growth will be difficult, he said at the Tata Steel Kolkata Literary Meet here

Mumbai retailers warm up to running 24x7 outlets as new rules set in

New rules which allow shops and establishments to be open through the night with some riders come into effect from January 27

Former finance secy Garg pitches for large-scale expenditure reforms

He also noted that as the productivity of government expenditure is generally lower than that of private expenditure

Investment-driven growth model must have aggressive export strategy: Survey

The onus of rescuing economic growth has been placed squarely on exports, since the share of consumption in gross domestic product (GDP) remains constrained

Govt to give special family pension to soldiers who get re-employed

The government has been receiving grievances from various quarters for grant of dual family pension including special or liberalised family pension for armed forces personnel on lines of government

From liquidity to stress fund: Real estate, homebuyers' Budget expectations

Experts say the liquidity crisis is a major factor preventing completion of over 560,000 stalled units across top seven cities