Page 2005 - Economy & Policy News

WhatsApp, Signal cite encryption, privacy to avoid compliance, says govt

While in some cases, the ministry said, only meta data is shared and for majority cases either mutual legal assistance treaty or letter rogatory is insisted upon which is a very time-consuming process

UP government targetting MSME loans worth Rs 62,000 cr in 2019-20

So far, banks have logged MSME advances of Rs 40,000 crore

377 infra projects hit by cost overruns of Rs 3.94 trillion over delays

However, it said the number of delayed projects decreases to 495 if delay is calculated on the basis of the latest schedule of completion.

India Inc emphasises on exports of local goods for becoming $5 trn economy

The executives stressed on the need for Indian manufacturing to become globally competitive and join global value chain as the key ingredients for becoming a $5-trillion economy

PM Narendra Modi reviews performance of various ministries of 6 months

Secretaries to the civil aviation, agriculture, and transport ministries made presentations at the meeting

SBI chief nudges industry to borrow and invest, says no dearth of fund

He also said that the State Bank of India (SBI) is underutilising its loan sanction limits as there is not enough credit demand from the industry

No possibility of GST rate hike till revenue stabilises: Sushil Modi

He said the Council had decided to consider changes in the rates once a year, and not in each and every meeting

CBIC extends last date of filing GSTR3B by three days to December 23

These returns are to be filed by 20th of the month, next to the month of transactions

States against GST slab, rate revamp until revenue stabilises: Sushil Modi

Says now onwards GST Council will consider any change in tax rates only once a year instead of in each and every meeting

UP crop loan waiver scheme logs total disbursement of Rs 24,821 crore

The state is processing additional waiver claims worth Rs 700 crore

Odisha ticks off banks for insufficient brick and mortar branches

State is attaching huge importance on DBT, whose success hinges on presence of bank branches in rural areas untouched by banking services

Bhilai-like steel plant planned in Vidarbha's naxal belt: Maharashtra CM

Facility to come up in Gadchiroli district's Surjagad, known for its mineral deposits and dense forest

Subhash Garg explains why RBI's surplus profits belong to the govt

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

Going offline: Anti-CAA protests led to large scale internet shutdowns

A report last year estimated that 16,315 hours of internet shutdown in India cost the economy about $3.04 billion in the same period

India's import cover improves to 10 months in June 2019, says RBI report

The foreign exchange reserves increased by $14.0 billion during April-June 2019

India's appetite for petroleum products consumption to drop to 6-year low

The nation's consumption of petroleum products in the financial year to March 2020 is expected to rise by 1.3 per cent to 216 million tons, the oil ministry's Petroleum Planning and Analysis Cell said

No cut in spectrum price as govt okays airwave auction by April 2020

DCC has decided to offer a two-year moratorium on payment for the airwaves

Fitch cuts India's GDP growth to 4.6% as credit crunch cripples economy

The rating agency sees moderate fiscal slippage, retains sovereign rating and outlook

India Inc should make bold investment decisions to push up growth: PM Modi

'Achieving a $5-trillion economy is absolutely possible', said PM Modi

Andhra agrees to pay renewable projects at average rates till resolution

High Court directs state to pay in four weeks