Page 2011 - Economy & Policy News
Lack of bilateral pacts may hamper India's trade, investment positions
After unilaterally terminating pacts in 2016, India has pushed for individual deals based on Bilateral Investment Treaty
 "Lack of bilateral pacts may hamper India's trade, investment positions")
Liquidity crunch is mostly behind us, says Tata Sons' N Chandrasekran
Chandrasekran said the goods and services tax (GST) regime and the Insolvency and Bankruptcy Code (IBC) are historic decisions.
 "Liquidity crunch is mostly behind us, says Tata Sons' N Chandrasekran")
SBI under-reported its FY19 NPAs by Rs 11,932 crore, find RBI auditors
As a result, the bank's reported profit of Rs 862 crore for the fiscal year now stands at a loss of Rs 6,968 crore
 "SBI under-reported its FY19 NPAs by Rs 11,932 crore, find RBI auditors")
GST must go back to drawing board; rates need to be simplified: N K Singh
The official said that GST needed to be revenue neutral and that the GST Council needed to move from multiplicity of rates to one standard rate.
 "GST must go back to drawing board; rates need to be simplified: N K Singh")
Joining RCEP would have hurt India's interests, says Piyush Goyal
Being the basic framework of the RCEP deal, the FTA with the 10-nation grouping came into effect in 2010
 "Joining RCEP would have hurt India's interests, says Piyush Goyal")
WTO's appellate body becomes dysfunctional after US stalls appointments
The US has stalled appointments of members in the appellate body of WTO's dispute settlement system.
 "WTO's appellate body becomes dysfunctional after US stalls appointments")
Draft data protection Bill: Centre's exemption powers worry industry
The draft bill also states that the central government can frame policy for the digital economy with respect to non-personal data
 "Draft data protection Bill: Centre's exemption powers worry industry")
Coal linkage rationalisation helps thermal plants save Rs 3,770 cr annually
A total of 63 million tonne of coal movement is currently involved under the rationalisation policy, CIL sources said
 "Coal linkage rationalisation helps thermal plants save Rs 3,770 cr annually")
CPSEs' non-compliance to directives led to Rs 9k-cr dividend shortfall: CAG
The CAG also pulled up the government for including the income from investment in SUUTI as part of the disinvestment proceeds leading to overstatement of Rs 1,400 crore
 "CPSEs' non-compliance to directives led to Rs 9k-cr dividend shortfall: CAG")
Your Alexa, Google Home may stop speaking if parliament passes new data law
This bill, according to industry experts, will have a far-reaching impact on companies in almost every sector - from the digital commerce to banking, health care and even automobile industry
BPCL stake sale shows govt's change of track on disinvestment, says CEA
The CEA's views came amid questions over stake sale in profit-making PSUs
 "BPCL stake sale shows govt's change of track on disinvestment, says CEA")
India's crumbling cities: Ageing Kolkata bent by pollution, poor infra
The second of a five-part series highlights serious pollution, poor infrastructure, and rising sea levels as the ills of urbanisation that afflict the city
 "India's crumbling cities: Ageing Kolkata bent by pollution, poor infra")
Falling GST collections: Parliamentary panel asks Centre to address issue
The Centre has paid Rs 45,745 crore as compensation to states for their revenue loss under GST for the first four months of the current financial year
 "Falling GST collections: Parliamentary panel asks Centre to address issue")
Rajasthan levies Rs 2-5 lakh cess on solar projects, registration fee up 5x
Sector experts say move will hike project costs exponentially, call for tariff hike every year to offset burden
 "Rajasthan levies Rs 2-5 lakh cess on solar projects, registration fee up 5x")
50% discount on sleeper-class tickets: Railways' Ravidas Jayanti offer
In a letter to his Cabinet colleague Harsimrat Kaur Badal, who had written to him on the issue, the Railway Minister said that instructions have been issued accordingly as a special case.
 "50% discount on sleeper-class tickets: Railways' Ravidas Jayanti offer")
Parliamentary panel asks govt to prevent misuse of GST input tax credit
Two years after its launch, the government has begun the review of GST, including a possible resetting of rates along with the slabs, the Standing Committee on Finance headed by Jayant Sinha said
China to launch its own digital currency; trials to be conducted soon
The initial test, set at the end of this month in Shenzhen, will involve some of the largest banks in the country and telecom carriers, the Times reported, quoting the Caijing Magazine.
 "China to launch its own digital currency; trials to be conducted soon")
Star India chairman hopes telecom tariff hike won't limit data consumption
He also hit out against branded content and in-film advertising, terming it as "crass commercialisation" which "taints" and "sullies" the experience.
 "Star India chairman hopes telecom tariff hike won't limit data consumption")
No proposal for private sector reservation under consideration, says govt
However, the ministry said that a coordination Committee on Affirmative Action for Scheduled Castes and Scheduled Tribes in private sector was set up by the Prime Minister's Office (PMO) in 2006.
 "No proposal for private sector reservation under consideration, says govt")
Only Aadhaar-linked bank accounts to get PM-KISAN benefits from Dec: Govt
The government has transferred funds under the scheme to 7.60 crore beneficiary till November 30
