Page 2003 - Economy & Policy News
Oppn spreading lies on Citizenship Act to destabilise govt: Piyush Goyal
He said Prime Minister Narendra Modi in his rally at Ramleela Ground on Sunday clarified all the doubts of Muslims regarding NRC and CAA
 "Oppn spreading lies on Citizenship Act to destabilise govt: Piyush Goyal")
When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc
In visible signs of economic woes, the auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.
 "When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc")
RBI launches new prepaid payment instrument for small digital transactions
Prepaid payment instrument or PPI can be used for transaction of goods and services up to a limit of Rs 10,000
 "RBI launches new prepaid payment instrument for small digital transactions")
Govt may approve setting up Rs 5,000-crore stressed asset fund for MSMEs
With no promise of additional requisite funding, MSME ministry plans to cut existing schemes
 "Govt may approve setting up Rs 5,000-crore stressed asset fund for MSMEs")
Cabinet approves Rs 6,000 Atal Bhujal scheme for ground water management
The scheme will cover 8,350 villages of Karnataka, Madhya Pradesh, Maharashtra, Gujarat, Rajasthan, Haryana and Uttar Pradesh, he said
 "Cabinet approves Rs 6,000 Atal Bhujal scheme for ground water management")
India's Nov oil import growth fastest in seven months: Oil Ministry data
India, the world's third-biggest oil importer and consumer, has set an April 1, 2020 deadline to migrate to Euro VI-compliant fuels to cut its carbon emissions
 "India's Nov oil import growth fastest in seven months: Oil Ministry data")
India-Swiss air service pact to be amended, Cabinet nod to signing protocol
The release added that under the amendments, multiple airlines would be allowed to conduct operations between the two countries. Till date, only two airlines were permitted
 "India-Swiss air service pact to be amended, Cabinet nod to signing protocol")
CBDT extends all I-T returns filing deadline for J&K, Ladakh to January 31
The CBDT order also said the returns filed by taxpayers, post the earlier set deadline of November 30, will also be considered valid
 "CBDT extends all I-T returns filing deadline for J&K, Ladakh to January 31")
SIAM, SMEV welcome electric vehicle policy of Delhi govt
These additional incentives apart from the subsidy offered by the central government would definitely encourage more people to switch to clean mobility, they said
 "SIAM, SMEV welcome electric vehicle policy of Delhi govt")
GoMs, then and now: How their working has changed in 6 years of Modi govt
They were synonymous with delays in decision-making in the UPA era. Under the NDA, they rarely make executive decisions
 "GoMs, then and now: How their working has changed in 6 years of Modi govt")
Cabinet okays pact with Saudi Arabia for cooperation in renewable energy
The framework would also focus on contributing to renewable energy to raise its efficiency in the national energy combination in Saudi Arabia
 "Cabinet okays pact with Saudi Arabia for cooperation in renewable energy")
NPR denies state governments access to its database
The Indian government had created NPR of the country's resident as a step towards the creation of National Register of Indian Citizens
 "NPR denies state governments access to its database")
NPR process to include passport, voter ID, Aadhaar and other details
The government will use the data to better deliver targeted schemes such as Ujwala Yojana, PM Kisan and others
 "NPR process to include passport, voter ID, Aadhaar and other details")
India doubles AI workforce in 2019, yet large vacancies remain: Report
The study is based on a survey among Indian professionals in AI and Machine Learning industry with varying years of experience, ranging from freshers to mid and senior level executives, across sectors
 "India doubles AI workforce in 2019, yet large vacancies remain: Report")
New project inflows for construction sector to improve in 2020: Icra
Assigning a stable outlook for the construction sector, Icra however said delays in land acquisition, funding issues, and state government priorities pose threat to new order inflows
 "New project inflows for construction sector to improve in 2020: Icra")
RBI believes PSU banks merger can create lenders of global scale
Currently, there is not a single domestic lender in the global top 50 list, which since the 2008 global financial meltdown has been dominated disproportionately by Chinese lenders
 "RBI believes PSU banks merger can create lenders of global scale")
Centre aims to extract $2 trn contribution from MSMEs in $5 trn economy
Under the Prime Minister's Employment Generation Programme (PMEGP), 65,312 new micro-enterprises have been set up, the MSME Ministry said in its year-end review for 2019
 "Centre aims to extract $2 trn contribution from MSMEs in $5 trn economy")
Investors in fear as commercial disputes treated as criminal complaint: CII
Prime Minister Narendra Modi last week said the government is working to decriminalise some provisions of the Companies Act to make it easier to do business in the country
 "Investors in fear as commercial disputes treated as criminal complaint: CII")
Restructuring will end departmentalism in Indian Railways: Piyush Goyal
The Railways will also now have just two departments -- Railway Protection Force and Medical Service Department -- with all its other departments coming under one Railway Management System
 "Restructuring will end departmentalism in Indian Railways: Piyush Goyal")
Cabinet approves merging of railway cadres, restructuring board: Report
Indian Railways will now have only one cadre -- Indian Railway Service, instead of current eight services for various departments including Engineering, Traffic, Mechanical and Electrical
 "Cabinet approves merging of railway cadres, restructuring board: Report")