Page 2123 - Economy & Policy News

Note ban impact was transient, says RBI staff paper

The paper's conclusion, the authors warned, was not necessarily the official view of the RBI

Demonetisation hit economic activity by 3 percentage points: New study

The first district-level study on demonetisation says full impact was not visible in official statistics

Not just 5G spectrum, even 700 MHz band auction may find few takers

Analysts at rating agency ICRA feel the debt level of the telecom companies is very high and the ecosystem for the premium band is not in place

Corporate tax cut will not benefit banks: PNB MD & CEO S S Mallikarjuna Rao

In an interview with Somesh Jha, Rao spoke about the road map of the amalgamation and how the corporate tax cut and repo rate-linked products will impact the finances of banks

MCA plans to amend CA Act to remove conflict of interest in audits

The government, in creating disciplinary mechanisms, could consider bringing in disclosure norms for auditors with respect to non-audit services and fees charged by them

IBC and PMLA: Clarity needed in enforcing two overlapping laws in harmony

Seshagiri Rao, JSW Steel joint managing director and group chief financial officer, explained that the main issue is whether the PMLA has an overriding effect on the IBC

Why BPCL's strategic sale does not need a Parliamentary approval

Privatisation of BPCL will not just shake up the fuel retailing sector long dominated by state-owned firms but also help meet at least a third of the government's Rs 1.05 trillion disinvestment target

Vietnam's gain: Why factories leaving China aren't coming to South Asia

The fantasy that India might somehow "leapfrog" from a rural, agriculture-heavy economy straight to a services-based economy is wrong.

Subsidy on kerosene may go by FY21 as fuel consumption shifts to LPG

On a monthly basis, the government has been increasing the price of subsidised kerosene by 25 paise to phase out the subsidy

Rs 4,700 crore arrears: UP demands higher sale quota for sugar mills

UP cane minister to meet union food minister Ram Vilas Paswan soon

Indian states' fiscal battle amid economic slowdown: Explained in 8 charts

The RBI study shows that the aggregate debt level could go beyond 25 per cent of GDP in the current year itself if off-budget guarantees are taken into account

Indirect tax board removes circular on GST, but confusion remains

The circular came out with different situations where GST should be paid and where it should not

Women's employment in focus as govt starts talks to boost job creation

The move comes at a time when the gross domestic product (GDP) growth has slipped to a six-year low of 5 per cent in the first quarter of this financial year (FY20)

Doesn't make sense to let go MAT credits: Vedanta's Pallavi Joshi Bakhru

Pallavi Joshi Bakhru, group head taxation, Vedanta Limited, the metals-cum-mining conglomerate, explains why some large corporate groups may not avail of the lower tax rates anytime soon

Govt steps post-budget and festive season will boost demand: JSW Steel

Since the past few quarters, the steel sector has been hit badly due to the slowdown in real estate, auto and infrastructure sectors

India's shadow bank crisis is over, lenders more positive: IndusInd Bank

IndusInd joins Axis Bank Ltd. and Edelweiss Financial Services Ltd. in predicting that the Indian financial sector's woes will ease soon

Growth will improve by January but no 'runaway boom': Aditya Puri

While the crisis with the shadow banks is over, there may be a few companies, especially with exposure to the realty space, that may face problems in the future, Puri told in an interview

RBI may cut rate by another 25 bps in December before hitting pause: Report

The Friday rate cut was the fifth consecutive rate reduction by the RBI this year

CNG, piped cooking gas rate gets cheaper in Delhi, adjoining towns

Compressed natural gas (CNG) sold to automobiles has been reduced by Rs 1.90 per kg in Delhi and by Rs 2.15 per kg in Noida, Greater Noida and Ghaziabad, the company said in a statement

UP green watchdog orders closure of Kanpur tanneries after brief reprieve

Industry blames state Jal Nigam, which runs the treatment plant, for falling short on its commitment to treat effluents generated by tanneries