Page 2132 - Economy & Policy News

As many as 11 IPOs in the pipeline, says Dipam's Dheeraj Bhatnagar

The Centre has set itself a target of raising Rs 1.05 trillion by way of disinvestment, in FY20

Govt seeks steep cut in devolution to states from existing 42% of tax pool

Finance Commission has written to ministry for a revised memorandum

No liquidity crisis: FM after 'tonic-like' meeting with private banks

Says sentiment driving lower passenger vehicle sales, says Finance Minister Nirmala Sitharaman

Imports of paper & paperboard up 29.5% in Q1; capacity utilisation drops

Higher imports are leading to lower capacity utilisation for domestic manufacturers

NHAI seeks IITs' help in reducing costs, constructing better road

Cost of road construction has increased massively for the authority that recently announced tenders for 950km of road stretches worth Rs 30,000 cr

New framework to bail out stressed financial companies likely today

Sources said the regulators would identify the companies that would come under the new mechanism and require a lifeline

PMC Bank crisis: No need to get into this now, says FM Sitharaman

The government's intention is to have a stable environment, she said

Effective tax rates applicable to Indian firms still among the highest

Effective tax rates applicable to companies in India are still among the highest if one includes taxation on dividends and other means of returning surplus cash to promoters and shareholders

Govt might seek extension of ECB to boost NBFC credit in economy

May ask RBI for relaxed co-origination norms

Indian economy loses Rs 1.17 trillion due to smuggling, says study

The study measures the impact of smuggling in five areas - textiles, tobacco products, readymade garments, capital goods, and consumer electronics - taking into consideration their backward and forwar

RBI's liquidity committee favours long-term lending operations

Existing liquidity framework good enough, says internal committee

Govt to appoint global consultants to sell excess land holdings of PSUs

The process, to be carried out by the Niti Aayog with the help of the Finance Ministry's DIPAM, will be a big source of revenue in the next two years

IHB to raise Rs 6,700 crore to complete Kandla-Gorakhpur LPG pipeline

The project, being executed at a capital cost of Rs 10,000 crore, will be funded with Rs 6,730 crore of debt and Rs 3,360 crore of equity

RBI hikes withdrawal cap to Rs 10,000 from Rs 1,000 for PMC Bank customers

The amount is the maximum one can withdraw in six months, and includes the Rs 1,000 withdrawal allowed earlier

E-commerce firms expect 60% increase in business this Diwali season

The estimate is in sharp contrast to the prevailing economic scenario in the country, with every other industry blaming slowdown for affecting businesses

Economy looking up; no liquidity crisis: FM Sitharaman after bankers meet

"On the whole, it was a very tonic-like meeting where I heard good things, positive thing," she said, and added that "the message I got is that consumption is happening"

No liquidity crisis, says FM Sitharaman after bankers meeting

Finance Minister Nirmala Sitharaman continues her interactions with lenders, seeking to improve liquidity in financial system.

'Sell whatever is saleable': Govt aims to cut stake in PSUs to below 51%

"The government is proposing/planning to bring down its equity holding below 51 percent in select Central public sector enterprises."

Odisha government gears up to auction 30 mineral blocks next month

Nine freehold, 21 lapsing merchant mines to be auctioned

Corporate tax cuts may boost growth but fiscal impact to come sooner: Fitch

Fitch said a positive impact on FDI would be more likely if the tax cuts were accompanied by further measures to improve India's business environment