Page 2002 - Economy & Policy News

Air India stake sale: Govt likely to float EoI for airline after mid-Jan

Roadshows were recently held in Singapore and London to gauge investor interest for the debt-laden national carrier

Cotton yarn spinners may face 200-400bps margin squeeze: CRISIL Report

The report further explained that the dynamics of the spread between international and domestic prices of cotton also affects profitability

RBI to buy, sell g-secs of Rs 10,000 cr each via special open market ops

Earlier this week, the central bank had conducted a similar open market operations (OMO) and purchased securities worth Rs 10,000 crore and sold worth Rs 6,825 crore

Those not filing GST returns may face attachment of property, bank accounts

The GST commissioner may resort to provisional attachment under the section 83 of the Central GST Act

Aadhaar made mandatory for subscribers of PMVVY pension scheme

In the Budget 2018-19, the maximum limit under PMVVY was doubled to Rs 15 lakh per senior citizen

J-K govt to set up NCDC for boosting lab diagnosis of emerging diseases

NCDC has the capacity and capability for disease surveillance, outbreak investigations, and rapid response to contain and combat outbreaks

No clarity on hike, Rly Board says fares, freight rates to be rationalised

In the first quarter (April-June) of financial year 2019-20, the railways earned a revenue of Rs 13,398.92 crore from passenger fares. This dipped to Rs 13,243.81 crore in the July-September quarter

Fund raising via IPOs plunges 60% to Rs 12,362 cr as economy sputters

The outgoing year saw only 16 initial public offerings (IPOs) as against 24 in 2018, show the data collated by the premier database on the capital market Prime Database

UP govt plans to host Global Investors' Summit in October-November 2020

Investment roadshows to be held at USA, the UK, China, France etc in the run-up to the summit

After a tough year, auto industry hopes for smooth drive from H2 2020

The government incentives to buy vehicles and steps taken to address liquidity crunch, economic growth and infrastructure spending would boost the auto industry's prospects

Coal India's fuel supply to power sector drops 9% to 291 MT in April-Nov

The world's largest coal miner had supplied 320 million tonnes (MT) of coal in April-November period of the previous fiscal

RBI, Home Ministry circulars on ATM security, logistics miss deadlines

Software upgrade of bank ATMs will be delayed

FinMin asks GST Council to form grievance redressal mechanism for taxpayers

The proposal in this regard was approved last week by the GST Council

Year in Review: From job data to growth woes, India's 'shrinking' feeling

A list of events and policy decisions that made the biggest impact on Indian economy during the year 2019

Ahead of GST meet, FICCI body calls for retaining rates on tobacco products

Currently, GST rate on these products are 28 per cent while cess varies between 61 to 204 per cent

Bharat Bond ETF: Govt to use greenshoe option, retain excess subscription

The three-year category received applications for units worth Rs 6,982 crore, an over-subscription of 2.3 times against an issue size of Rs 3,000 crore

Govt creates expert panel for time-bound resolution of oil, gas disputes

The panel will have a tenure of three years and the resolution will be attempted to be arrived at within 3 months

Housing sales in 2019 rise 6% to 46,920 units in Delhi-NCR, says Anarock

Across seven major cities, sales rose by 5 per cent to 2,61,370 units in 2019 compared to 2,48,310 units in the previous year

FASTags to help NHAI bring transparency, check underreporting of collection

One is not sure if the transition to a cashless system will leave scope for investigation on previously under reported toll.

Govt plans new policy to recover water tariffs from all kinds of consumers

The Centre will make available extra budgetary resources for the Mission, which will be allocated along with gross budgetary support to the states