Page 2017 - Economy & Policy News

Safeguard Duty drags India's solar target down this year as imports fall

With project developers cutting down on projects, heat is felt by panel manufacturers as well

Onion prices zoom to Rs 165 a kg; imports to reach by Jan 20, says govt

In most cities, onion was quoting above Rs 100/kg in the retail markets, while at Nashik in Maharashtra - the key producing centre - the rates were ruling at Rs 75/kg on Friday

Irdai may allow banks to hold over 10% stake in multiple insurance firms

Irdai chairman says considering proposal to change rules for lenders

CII calls for GST cut, expansionary policy to pull economy out of slowdown

The Centre's fiscal deficit has crossed the Budget FY20 projection of Rs 7.04 trillion by October itself

Can't compare GDP data with consumer spending report, says govt panel

A fall in household spending is a signal that poverty may have increased, according to experts

Truck body builders struggle to wade through ongoing economic slowdown

A 50 per cent slump in CV sales has dealt a death blow to informal workers in the sector

RBI to make NEFT transactions system available 24x7 from December 16

Currently, the NEFT payment system operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days of the week, except 2nd & 4th Saturdays of the month

New power sector distribution scheme to have a capital outlay of Rs 2 trn

Multiple power supply franchisees to be part of scheme

New RBI guidelines likely to help MFIs become small finance banks

The fact that SFBs open paths to universal banks is assuring to some market players

Snooping row: Parliamentary standing committee on IT summons WhatsApp

The committee would likely discuss the issue of citizens' snooping by exploiting vulnerability in WhatsApp through Israel-based company NSO Group's Pegasus software

Bharat Bond ETF may fetch up to Rs 15,000 cr, launch likely in two series

Fund to be launched in two series with greenshoe option on Thursday

Bankers will be allowed to work without any fear, assures PM Modi

PM Modi said low-income groups must never feel the absence of government

Odisha issues notification for auction of 20 iron ore, manganese mines

The steel and mines department had received bids from 177 companies for the auction of 20 mining blocks against the earlier tender.

15th Finance Commission submits its report for FY21 to FM Sitharaman

The Commission had a wide-ranging terms of reference contained in the Presidential Notification

States, UTs given Rs 118 cr in 2009-19 period to tackle air pollution: Govt

Funding details of New Delhi were missing from the data shared by the ministry

GST Stakeholder Feedback Diwas for new return filing system on Dec 8

These feedback sessions would be attended by all prominent chambers of commerce and industry and other organisations representing taxpayers and tax practitioners

From Mumbai to Jharkhand, 5,500 railway stations now have free WiFi

In October 2019 a total of 15 million user logins in RailWire Wi-Fi services across all stations consuming 10242TB of data was recorded

Follow personnel ministry guideline for transfers, postings: Govt to states

Union minister Jitendra Singh was addressing the IAS officers of the state civil services from different states undergoing induction training programme

Govt-backed AIF for distressed realty gets Rs 10,530 cr in first closing

SBI contribution pegged at Rs 1,000 cr; HDFC on board

Power discoms may soon get cheap loans from govt to clear Rs 70,000-cr dues

Power producers' total outstanding dues owed by distribution companies stands at Rs 69,558 crore by September-end 2019