Page 2016 - Economy & Policy News

Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector

The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.

State-owned banks to help small businesses with loans in month-long drive

Banks will also consider requests from MSMEs for restructuring their stressed standard assets

Onion farmers harvest premature crop to cash in on high prices in mandis

The significance of the current arrivals can be gauged from the fact that the Lasalgaon mandi alone witnesses 22,000-25,000 tonnes of arrivals every day during the peak harvesting season

Softening cotton prices revive sentiment for spinning mills in H2FY20

Consumption seen rising 5% to 28.8 mn bales this year, compared to 27.4 mn bales last year

FM hints at I-T rate cuts, more stimulus measures to boost slowing economy

Says govt is taking steps towards a harassment-free taxation regime

Telangana CM urges Nirmala Sitharaman to release Rs 4,531 cr in GST dues

KCR says despite a higher tax devolution as per Union Budget 2019-20, the receipts by the state till November were actually lower than in the same period last year

RBSA gets second disinvestment deal; named advisor for Shipping Corp

The government has a 63.75 per cent equity stake in the Indian flag carrier, which will be sold along with management control

GST Diwas held in 125 cities for feedback on new return filing system

About 7,500 trade associations/stakeholders participated in the programme, Central Board of Indirect Taxes and Customs (CBIC) said in a statement

Centre adds 3 Odisha airports under Udan to improve air connectivity

The decision in this regard was taken at a meeting between Civil Aviation Secretary Pradeep Singh Kharola and Odishas Chief Secretary A K Tripathy on Friday

UP govt keeps sugarcane price unchanged at Rs 315 per quintal

This is the second straight year that the govt has kept prices unchanged. It had hiked the price by Rs 10 per quintal for the common variety in its maiden year in office, during 2017-18 season

How Modinomics scores over Manmohanomics in the re-ignited GDP debate

The notion that the decline in GDP is the result of demonetisation is a myth

Air India's subsidiary starts Guwahati-Dimapur-Imphal flight under UDAN

It will connect Guwahati-DimapurImphal-Dimapur- Guwahati three times a week on both routes, officials said

We're committed to further reforms, says FM Nirmala Sitharaman

Waiting for the next Budget is by itself a delay which we did not want considering the environment which was prevailing all over the world, said Sitharaman

Odisha cuts financial aid to farmers under Kalia to Rs 4,000 from Rs 10,000

The decision to reduce the Kalia assistance was taken after the Odisha government merged the Kalia scheme with the Centres Pradhan Mantri Kisan Samman Nidhi

Income tax rate cut among steps govt working on to revive growth: FM

Assuring that there will be no harassment of taxpayers, Sitharaman said the intent of the government is to further simplify taxation systems including removal of exemption.

Govt will honour compact to give states their share of GST: Sitharaman

Sitharaman's statement comes after Kerala last week threatened to take the central government to Supreme Court over delay in the payment of compensation to states

Govt hopes to hit bull's eye on divestment, meet Rs 1.05-trn FY20 target

BPCL to garner bulk of proceeds; Air India sale may happen next year

Markets expect govt to borrow Rs 80,000 cr more to bridge fiscal deficit

RBI waiting for Budget numbers has surprised the bond market

9 bills on LS agenda next week, Citizenship Bill may come up on Monday

The Citizenship Amendment Bill is listed for introduction and passage in the House on Monday.

Irdai plans to standardise insurance guidelines for houses and shops

In the last few years, the need for such standardisation was accentuated by increasing loss of small houses and commercial establishments due to natural calamities