Page 2040 - Economy & Policy News

Firms under IBC: Govt to allow resolution professionals to make filings

The RP is not empowered to carry on compliances such as signing and uploading the audited and unaudited financial results

Trai revamps mobile number portability, advises 3 working days for requests

Similarly, timeline of five working days has been prescribed for requests for port out from one circle to another

Realty firm M3M signs MoU with Swedish firm to develop smart city

The M3M group owns over 2,000 acres of prime land located right in the heart of Gurgaon and Delhi NCR

Barclays CEO Jes Staley lauds Indian economy, PM Modi

The London bank's chief said that India is an island of calm in a world beset by turbulence, in an interview to The Economic Times

Modi invites Saudi investment, says India to spend $100 bn on energy infra

The world's third-largest energy consumer is 83 per cent dependent on imports to meet its oil needs and about half its gas needs are shipped from abroad

Rich-world problem of low inflation has arrived in emerging markets

Central banks have responded like their developed-country peers: by lowering interest rates. They have more room to keep going -- but they also face more obstacles on the way down

Govt may hike tariff on imports that escaped higher duties last year

Move ordered by Commerce Minister Piyush Goyal, is aimed at boosting domestic manufacturing

Delhi govt PSUs incurred Rs 2,909 cr losses as on March 2018: CAG Report

By March 2018, there were 18 state PSUs which included 16 government companies and two statutory corporations

AAI starts taking bids under Udan 4.0, focus on northeastern states, J&K

The focus of this round would be mainly on connecting north-eastern states, hilly states, Jammu and Kashmir, Ladakh and islands, a release said

S&P reaffirms India's sovereign rating at BBB- with stable outlook

Another international agency, Fitch Ratings continues to hold the country's outlook at stable

1.9 mn farmers enrolled under PM-Kisan Mandhan Yojna pension scheme

All small and marginal farmers who are currently between 18 to 40 years of age can apply for the scheme

13 convicted for money-laundering till now since 2005: Anurag Thakur in LS

The minister also informed the House that a total of 757 criminal cases were registered by the ED in the last five years (from 2015 to October 31 this year) under the PMLA

State-run banks lent Rs 4.14 trn to NBFCs, housing financiers in one year

As per RBI, the NBFC sector faced liquidity stress following default by a large NBFC on account of which stress was particularly felt in the third quarter of the fiscal 2018-19

Multiple steps taken to check cyber threats faced by power grid: Govt

The minister said these assets are further protected through multiple firewalls and systems

GST Council to review revenue position amid demand for pending compensation

The compensation requirements have increased significantly and are unlikely to be met from the compensation cess being collected, it said

AC chair car emerges as operationally profitable service of railways: CAG

This, in effect justifies the introduction of AC chair car trains like the Vande Bharat Express and the Tejas Express, which do not offer sleeper-class services, it has added

Thermal power plants worked at 49% their capacity in April-October 2019

State-owned thermal power stations recorded the sharpest drop in PLF - to 40.92 per cent in October 2019 from 60.4 per cent in the same month last year

Govt raised Rs 2.79 trn through PSU divestment in last 5 yrs: Anurag Thakur

For the current year, the target is to raise Rs 1.05 lakh crore

Govt open to further reforms to attract more investments: FM Sitharaman

India plans to invest about Rs 1 trillion in infrastructure sector in the next five years

Goldman pegs down FY20 GDP growth to 5.3%; equities may gain 8.5% next year

The brokerage attributed the evident dichotomy between GDP growth estimates and the benchmark target to the easy monetary policy that the central bank has been pursuing since the beginning of the year