Page 2103 - Economy & Policy News
NCR's thermal units to miss deadline for curbing pollution this winter: RTI
Over 33 power stations in the NCR were given two years' extension from the original deadline of 2017 to install emissions-control technology, but most are yet to award tenders, reveals RTI
 "NCR's thermal units to miss deadline for curbing pollution this winter: RTI")
Single agency being set up to process defence exports
The association will effectively be a nodal agency for receiving and processing export inquiries from all prospective customers across the globe.
 "Single agency being set up to process defence exports")
Learning the wrong lessons from the coal experience for renewable energy
Why India's weak budget support for RE could be hurting now
 "Learning the wrong lessons from the coal experience for renewable energy")
Important for India to keep fiscal deficit in check: IMF's Gita Gopinath
The prominent Indian-American economist was speaking to reporters ahead of the annual meeting of the IMF and the World Bank
 "Important for India to keep fiscal deficit in check: IMF's Gita Gopinath")
Why tax officials are upset about govt's faceless assessment plan
In their letter dated October 3, tax officials have expressed strong displeasure over unilateral decision-making, saying it is not in the interest of the efficient working of the I-T department
 "Why tax officials are upset about govt's faceless assessment plan")
Jewellery exporters seek Rs 6,000-cr tech upgrade fund for working capital
PNB scam, IL&FS default have dried up working capital loans for thousands of MSMEs, which are now struggling to stay afloat
 "Jewellery exporters seek Rs 6,000-cr tech upgrade fund for working capital")
Will discuss PMC Bank issue with PM Modi: Fadnavis tells depositors
Fadnavis said he would be meeting Modi on October 13, and he had already prepared a brief on the PMC Bank issue for the meeting
 "Will discuss PMC Bank issue with PM Modi: Fadnavis tells depositors")
Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM
PMC is in bad health allegedly due to its exposure to near-bankrupt realty player HDIL, to which it has loaned over 70 per cent of its Rs 9,000 crore in advances
 "Spoken to RBI guv, concerns of PMC Bank's customers will be addressed: FM")
RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank
The move follows the weekend assurance by finance minister Nirmala Sitharaman to urge the Reserve Bank to look into the woes of the depositors of the cooperative bank with urgency
 "RBI raises withdrawal limit to Rs 40,000 for account holders at PMC Bank")
Banking system is safe: RBI tells depositors again as PMC crisis deepens
The RBI statement came on a day when the Nifty Bank index tanked by 1.30 per cent in intra-day trade amid a barrage of negative news from the sector
 "Banking system is safe: RBI tells depositors again as PMC crisis deepens")
Fadnavis assures PMC bank depositors to ease woes with Centre's help
Fadnavis pointed out that the Mumbai police's Economic Offences Wing (EOW) had lodged a complaint and was probing the issue
India asks OPEC not to cut oil production; seeks better commercial terms
OPEC nations led by Iraq and Saudi Arabia supply more than 80% of India's oil needs
 "India asks OPEC not to cut oil production; seeks better commercial terms")
Bandhan's anti-poverty scheme that caught Abhijit Banerjee's attention
Bandhan Bank's Targetting Hard Core Poor (THP) programme, aimed at alleviating poverty, is likely to get a boost with Abhijit Banerjee and Esther Duflo winning the Nobel Prize in Economics
 "Bandhan's anti-poverty scheme that caught Abhijit Banerjee's attention")
Economic slowdown an opportunity for investors, says Piyush Goyal
Goyal said India is looking forward to more investments from the United States and there are no trade disputes between both the nations
 "Economic slowdown an opportunity for investors, says Piyush Goyal")
Income-tax officials give thumbs down to govt's faceless assessment move
Dubbed an important initiative in tax reforms, the government launched the faceless assessment scheme in a bid to eliminate the interface between the assessee and the tax officer
 "Income-tax officials give thumbs down to govt's faceless assessment move")
Regulators working on tighter norms for promoter pledged share funds
RBI, Sebi, Irdai and PFRDA to work closely on new framework
IMF slashes India's FY20 GDP growth forecast to 6.1%, global to 3%
Says the country, along with other emerging market economies, will drive global growth rebound in 2020
 "IMF slashes India's FY20 GDP growth forecast to 6.1%, global to 3%")
Open LCs for renewable firms or lose access to generation, Centre tells AP
Sets two-day dealine for compliance; denying access to Central pool will mean power outages, as state must draw 20 mnn units to achieve 24-hour power supply
 "Open LCs for renewable firms or lose access to generation, Centre tells AP")
September exports repeat decline, contract by 6.5% to reach 3-month low
As imports also fall for 4th straight month, trade deficit reduces to 7-month low
 "September exports repeat decline, contract by 6.5% to reach 3-month low")
Air India stake sale: Buyer to get only Rs 10,000 crore of airline debt
This is a third of Rs 33,992 crore debt that was to be passed on to the new owner during last year's failed disinvestment process
 "Air India stake sale: Buyer to get only Rs 10,000 crore of airline debt")