Page 2093 - Economy & Policy News
Core sector output contracts 5.2% in Sep, against 4.3% growth a year ago
Production of seven sectors of coal, crude oil, natural gas, refinery products, cement, steel, and electricity contracted in September
 "Core sector output contracts 5.2% in Sep, against 4.3% growth a year ago")
Govt not considering any proposal for gold amnesty scheme: Report
The clarification comes amidst media report indicating the government move to launch amnesty scheme that will allow individuals and entities to declare their unaccounted gold holding
 "Govt not considering any proposal for gold amnesty scheme: Report")
Don't hesitate to give loans to SHGs led by credible spiritual leaders: FM
When you have social, religious and spiritual leaders leading the (self-help group) movement, banks find easy to find credible clients, she said
 "Don't hesitate to give loans to SHGs led by credible spiritual leaders: FM")
Explained: Are Enforcement Directorate's seizures harming the economy?
ED's move could stall the resolution process, prevent banks from recovering their pending dues
 "Explained: Are Enforcement Directorate's seizures harming the economy?")
Jio in letter war with COAI over telecom stress
Based on current data, analysts said Bharti Airtel had enough opportunity to monetise and pay the AGR dues
 "Jio in letter war with COAI over telecom stress")
RCEP: Days before final negotiations, Surjit Bhalla-led panel bats for deal
The report by the High Level Advisory Group (HLAG) on growing India's trade, argued despite existing challenges RCEP can be 'particularly beneficial for India
 "RCEP: Days before final negotiations, Surjit Bhalla-led panel bats for deal")
Two years on, debt resolution of first dozen firms still not complete
The combined debt of these 12 large accounts was Rs 3.45 trillion; the amount realised so far is Rs 1.01 trillion. The liquidation value of these 12 large accounts was Rs 73,220 crore
 "Two years on, debt resolution of first dozen firms still not complete")
Food grain may be brought under GST, tax mechanism likely to be rejigged
Through this route, registered entities can pay GST on behalf of unregistered players
 "Food grain may be brought under GST, tax mechanism likely to be rejigged")
India Inc spent more on R&D in FY19, auto and pharma leading sectors
The health care sector has been amongst the biggest spenders on R&D traditionally
 "India Inc spent more on R&D in FY19, auto and pharma leading sectors")
Loans disbursed by NBFCs remain under stress, says CIBIL report
NBFCs have played a key role in consumer credit growth over recent years
 "Loans disbursed by NBFCs remain under stress, says CIBIL report")
Private sector players to add steam to eastern dedicated freight corridor
If public sector majors like NTPC or Coal India show any interest, the possibilities of a joint venture cannot be ruled out
 "Private sector players to add steam to eastern dedicated freight corridor")
Can financial creditor sell assets of firms in liquidation? NCLAT to decide
The judgment is likely to have a big impact on the insolvency process and will decide if errant promoters have one last shot at regaining control of their company and its assets, experts said
 "Can financial creditor sell assets of firms in liquidation? NCLAT to decide")
India to invest Rs 1 trillion in setting up 100 new airports by 2024
The government has committed investments of Rs 1 trillion to build airports in the next 5 years.
 "India to invest Rs 1 trillion in setting up 100 new airports by 2024")
Will keep seeking newer markets via trade talks, including RCEP: Goyal
"India can't be isolated. You can't have a situation where you expect all the benefits of multilateralism but will not give any benefit to anyone," Goyal said
 "Will keep seeking newer markets via trade talks, including RCEP: Goyal")
Trai releases revised broadcasting norms for a fully compliant audit regime
Since implementation of the new framework, all distributors are deploying STBs that are compliant with Covert and Overt fingerprinting
 "Trai releases revised broadcasting norms for a fully compliant audit regime")
CAIT urges Modi govt to probe FDI policy violations by Amazon, Flipkart
The traders' body has strongly objected to the business model of both the companies
 "CAIT urges Modi govt to probe FDI policy violations by Amazon, Flipkart")
US, Canada, Australia approach WTO after India bans import of pulses
They have also submitted fresh questions on the validity of the steps taken by India under global trade rules and asked New Delhi to justify the restrictions under the WTO rules
 "US, Canada, Australia approach WTO after India bans import of pulses")
Gartner sees Indian IT firms growing faster in 2020 on rising client spend
The report said this year's slowdown in spending won't stretch as far as into 2020, despite concerns over recession and companies cutting on discretionary IT spending
 "Gartner sees Indian IT firms growing faster in 2020 on rising client spend")
Indian IT firms' margins under pressure as H1B visa rejections increase
Latest data from US Citizenship and Immigration Services (USCIS) shows rejection rates for H1B visa petitions has touched a high under the Donald Trump administration
 "Indian IT firms' margins under pressure as H1B visa rejections increase")
Slow progress on stressed power assets; only 10% capacity resolved: Icra
The balance capacity is under various stages of resolution, including through Insolvency and Bankruptcy Code (IBC)
 "Slow progress on stressed power assets; only 10% capacity resolved: Icra")