Page 2000 - Economy & Policy News

After a bumpy ride in 2019, auto industry may see revival in H2FY21

Despite challenges, 2019 saw new brands coming in, mergers and partnerships as well as slew of launches

GoM formed to fast-track Rs 69,000 cr revival plan for BSNL, MTNL: Sources

The GoM includes Defence Minister Rajnath Singh, IT and Telecom Minister Ravi Shankar Prasad, among others

FM's New Year gift: No MDR charges on RuPay, UPI payments from Jan 1

Department of Revenue (DoR) will soon notify RuPay and UPI as the prescribed mode of payment for digital transactions without any Merchant Discount Rate

Locusts surging on both sides of Red Sea, could hit food security, warns UN

At least one swarm had crossed to the northern coast of Saudi Arabia in mid-January, with further swarms a week later

UP logs 80% upswing in paddy procurement at 4 mn tonnes this Kharif season

State has paid farmers nearly Rs 7,250 cr for the crop so far; full-year procurement target set at 5 mn tonnes

Nirmala Sitharaman press meet highlights: FM meets state-owned banks

India's economic growth fell to an over six-year low of 4.5 per cent in the September quarter

Banks needn't fear the 'three Cs' of investigation: FM Sitharaman

Sitharaman said bankers have no reason to fear the "three Cs", referring to the Central Bureau of Investigation (CBI), Central Vigilance Commission, and Comptroller and Auditor General

Govt's reform measures restored PSBs to health, 13 banks posted profits: FM

It said that PSBs have attached assets worth over Rs 2.3 lakh crore over the last three financial years

Railways may cut freight and passenger rates to boost slumped economy

There is helping hand for companies, as the railways may cut freight rates in a bid to boost economic growth, besides "rationalising" passenger fares

Maharashtra farmers with crop loan over Rs 200,000 ineligible for waiver

This loan waiver comes over two years after the Rs 34,000 crore loan waiver announced by the then BJP-Sena government in 2017

Bill Gates to Kylie Jenner: World's richest gained $1.2 trillion in 2019

Jeff Bezos was down almost $9 billion, but that drop is because of his divorce settlement with MacKenzie Bezos.

Govt, Sebi spar over transfer of surplus funds as Budget 2020 nears

In 2009, FinMin proposed to move regulators' reserves into public account. These accounts were finally opened in 2013-14. However, no funds have been deposited in it so far

Tirupur knitwears' operational compliance has improved workers' lives

Workers are paid above the norm set by the state government and given a five per cent increment every year

Finance Commission chief N K Singh questions 'discriminatory' IMF scrutiny

This comes days after IMF Chief Economist Gita Gopinath cautioned the Fund may revise India's growth forecast 'significant downward'

Andhra govt to set up panel on feasibility of having at least 3 capitals

Expert committee recommends vesting legislative, executive and judicial functions with Amaravati, Vizag and Kurnool, representing three broad regions for fair and equitable development of the state

Gujarat govt to compensate farmers affected by locust swarm attack

The state government on Friday said locusts in around 25% of affected area have been killed through pesticide spraying

Sanction of 10 mn houses under PMAY(U) momentous achievement: PM Modi

Modi said it was a "momentous achievement for the urban poor and the middle class".

AAP dubs I-T's Rs 30 cr tax notice 'bogus'; BJP, Congress ask to come clear

Arvind Kejriwal said the action of the income tax department was the 'height of political vendetta'

I-T dept slaps Rs 30 cr tax notice on AAP over undisclosed income, donation

Income tax department said the Arvind Kejriwal-led party had failed to respond 34 opportunities given to it

After swelling, India's forex reserves climb $456 mn to record $455 bn

During the reporting week, gold reserves increased by USD 164 million to USD 27.132 billion