Page 2044 - Economy & Policy News

Govt plans to amend IBC 2016 to address cross-border insolvency: MS Sahoo

When IBC came in 2016, everything was new, and there was no insolvency professional, IBBI or all members of the NCLT, everything was created afresh, but it worked, he added.

Govt's ballooning GST dues to states akin to economic emergency: Congress

On November 20, finance ministers of Punjab, West Bengal, Kerala, Delhi and Rajasthan had appealed to the Centre to release their GST compensation without any delay.

GDP is an imperfect measure of economic performance, says Jairam Ramesh

It is a reflection of the changed circumstances in India over the last 25 years that we are not accepting a growth rate of 5 per cent

Japan govt mulls over $92 billion stimulus package to spur growth - Nikkei

The package under work will include spending for disaster relief, infrastructure building and measures to help companies boost productivity, the newspaper said.

Steelmakers fear iron ore supply disruption once leases expire next March

Industry says transition from existing to new lessee is not going to be as easy as anticipated

Sep quarter growth was on the expected lines, Q3 to be worse: Chidambaram

India's economic growth slipped further to hit an over-six-year low of 4.5 per cent in the July-September quarter, according to official data released on Friday

With growth this bad, India will need more than rate cuts to help economy

The five reductions Shaktikanta Das's overseen haven't given the economy back its groove.

Q2FY20 investment growth at 19-quarter low despite govt's stimulus measures

It was govt spending that held up growth in the quarter, while growth in private final consumption expenditure, a proxy of demand, also improved

GDP growth slows to 4.5% in Q2 as manufacturing, services disappoint

Private consumer spending grew by 5 per cent year-on-year, improving slightly from the previous quarter

Agriculture Q2 growth shows marginal recovery at 2.1%; farmer incomes dip

Most rabi crops, including wheat, mustard and chana, were selling at 10% to 37% below the MSP in the first few months after their harvest

Slowdown blues: Services sector only bright spot for GVA growth rate

For the 'electricity, gas, water supply and other utility services' sector, GVA grew by 3.6 per cent against 8.7 per cent

Paying cash in FASTag lanes won't invite penalty till December 15

The date has been extended by 15 days to give people more time to enable their vehicles with FASTag

No question of closing down Integral Coach Factory, says Piyush Goyal

Minister hails the organisation for the Vande Bharat Express, India's first indigenously made semi-high-speed train

Rupee slips 12 paise to 71.74 against US dollar amid growth concerns

Forex traders said month-end dollar demand from importers and uncertainty over the US-China trade talks also weighed on the domestic currency.

Oct non-food credit growth rate at 8.3%, down from 13.4% in year-ago period

However, the busy season starting from the third quarter may show improvement in demand.

Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target

This was 102.4% of the full-year target, compared with 103.9% for the same period last year

UN body resolution resolves concerns on 5G: ITU-APT Foundation of India

Russia, China, Europe and India favoured stringent norms of 5G services but later, Russia agreed for usage of 5G in spectrum bands where satellites are being used

Hallmarking of gold jewellery mandatory across nation from January 2020

Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered

Luck only gets you so far in India with growth sliding below 5%

Many big economies have been stalling, but it's hard to think of another where growth has come down to earth this quickly

Manufacturing contracts for first time in 2 yrs, pulls down GDP to 6-yr low

This is the second contraction in the sector on a quarterly basis in the past eight years - since the new GDP series started in 2012-13