Page 2029 - Economy & Policy News

Govt plans additions to auditors' rulebook; stricter norms on the cards

Govt plans to revise the Company Auditors Regulation Order 2016 to expand scope of audits and improve scrutiny

India's real GDP growth in FY20 to come slightly below 5%: IHS Markit

For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back.

India Inc foreign borrowings jump over two-fold to $3.41 bn in Oct: RBI

Indian companies had raised $1.41 billion in borrowings from overseas markets in October 2018

Centre proposes Rs 33 crore to protect Indian satellites from space debris

Scientists say 50 years of human space exploration has led to the creation of junk around Earth's orbit, posing serious traffic risks to man-made satellites

Uddhav Thackeray's big test as Maharashtra CM: Finding money for farmers

The new government will have to factor in the economic slowdown and the dip in tax collection before committing the state's finances to various projects

Fight against terrorism made India one of the strongest nations: Rajnath

As Pakistan couldn't fight a conventional war, it resorted to sending terrorists to attack Indian forces, the Union defence minister said

Bill seeking extension of SC, ST quota in Lok Sabha to be introduced Monday

The reservation for these categories in Lok Sabha and assemblies was to expire on January 25, 2020

None of river linking projects at implementation stage: Parliamentary panel

The committee has said there needs to be better cooperation among states in a time-bound manner for the linking of rivers

India amidst growth recession; PMO too powerful, ministers powerless: Rajan

Not just decision-making but also ideas and plans emanate from a small set of personalities around the Prime Minister and in the PMO, says Rajan

UP holds sugarcane price at Rs 315 per quintal for 2019-20 season

UP is estimated to produce 45% of India's output or 12 million tonnes of sugar

Paper to capture 25% of the Rs 80,000 cr single-use plastics market by 2025

India generated 26,000 tonnes per day of plastic waste in 2017-18, of that only 60 per cent was recycled and the rest ended up as litter on roads, in landfills or streams

Cargo volume of top 12 ports marginally up at 463MT during Apr-Nov: Report

The 12 ports had handled 26.07 MT of iron ore and 70.79 MT of coal during the April-November period of the previous fiscal

373 infrastructure projects hit by cost overruns of Rs 3.89 trn: Report

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above

Will ensure regulations are 'grounded on realities': IBBI chairman Sahoo

Sahoo said the IBC has re-defined the debtor-creditor relationship and brought in significant behavioural changes among the stakeholders

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