Page 1999 - Economy & Policy News

Will put items used by common man outside GST if voted to power: Rahul

The Congress had a concept of GST, which was to simplify lives of the people, but it is complicated as of now, Gandhi said

Office space leasing at record 10.82 mn sq ft in Delhi-NCR in 2019: Report

Delhi-NCR's share in total net office space leasing and new supply across seven major cities stood at 23 per cent and 26 per cent, respectively

Congress will bring one GST rate, scrap 28% slab if voted to power: Rahul

Our system was that the products used by weaker sections should be kept out of the purview of GST, Rahul said

Medical education reforms, vaping ban highlights of health ministry in 2019

In a huge step towards boosting the availability of human resources for the health sector, the ministry in 2019 initiated the process of converting 75 district hospitals into medical colleges by 2021-

Oil regulator ropes in ICF to carry out gas demand, infra assessment

India is targeting 15 per cent share of natural gas in the energy basket by 2030

IRDAI backs hospital ratings for standardisation of health insurance

Rating of hospitals would be an addition of this database, as will lead to more standardisation the health insurance segment

E-commerce, new industrial policies likely to be out in FY20: DPIIT Secy

Guruprasad Mohapatra said that the department has done several round of stakeholders' meetings on both the policies

India's coal imports rise 4% to 161.43 MT in April-November 2019

This comes amid the Centre exuding hope that imports of the fossil fuel would be contained to 235 MT this financial year

How India's economy came back down to earth in just a year's time

India may yet reclaim its mantle as the next big thing, albeit a toned-down and more durable version

Finance ministry counters RBI, says stress in banking sector declining

According to the FSR, the regulator conducted macro stress tests for credit risks to assess the banking system's resilience to macroeconomic shocks under baseline conditions

Digital banking initiatives of PSBs under merger likely to be delayed

According to officials, integration of core banking systems may take 12-18 months

Credit portfolio of large borrowers shrinks, GNPAs decline: FSR report

For majority of the sectors, average risk weight (loan exposure of banks) has declined between March and September 2019

Frauds reported in H1 rise to Rs 1.13 trillion, 97% happened earlier

Also, during the first half of FY20, banks reported 398 cases of large-value frauds (above Rs 50 crore) worth Rs 1.05 trillion and 21 cases of frauds above Rs 1,000 cr, worth a cumulative Rs 44,951 cr

FM directs CBI to use director identification number in notices to bankers

PSBs may report fraud through e-filing of FIRs on a designated email address of CBI

FY20 to witness auctions of most mineral blocks since inception of new MMDR

16 blocks already auctioned this fiscal, 43 others notified

RBI raises concerns about companies shopping around for favourable ratings

Non-disclosure of indicative ratings by agencies makes it difficult to identify such instances, according to the FSR

As Steel firms bid 2019 goodbye, they hope for better pricing in 2020

Analysts see commodity prices looking up and say looking forward to a pick-up in consumption

Gujarat claims locust attack under control, assures compensation to farmers

Swarms in about 3,526 hectares of 5,000 hectares under control; farmers burn tyres or dry straw, play loud music and beat steel plates, and use large fans to destroy or drive away the pests

Economic slowdown impact: Small biz sentiment at 1-yr low, says CriSidEx

According to the eighth edition of the CriSidEx survey, sentiment fell during Q2 to 106. It was 120 in Q1

Cement demand fizzles out in 2019, recovery expected only in H2FY21

All India cement volume growth between April and September declined in the range of 2 to 4 per cent. The sector is expected to end both the calendar as well as the financial year with flat demand grow