Page 2133 - Economy & Policy News

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

GST Network starts online refund processing, will help taxpayers in claims

GST Network lets taxpayers to file refund application (in RFD 01 form) easily and tax officers to process online.

Govt to set up design centres to develop trendy khadi products: Gadkari

MSME Minister Nitin Gadkari outlined the broad plan which includes a concerted push to maximize the production and sale of khadi and make it a global brand

Slowdown is real, economy to start recovering from late FY20: Report

A pick-up in the industrial production will only be gradual and an uptick is expected to be visible during the festive months of September and October 2019

Centre approves construction of 1.23 lakh houses under PMAY-Urban

With this approval, over 90 lakh houses have so far been sanctioned against the target of 1.12 crore by 2022 under PMAY (Urban)

Delhiites staying on rent will now get free electricity up to 200 units

The announcement comes ahead of the Delhi assembly election, which is scheduled to take place early next year

How corporation tax cut has made rupee carry trade more lucrative

Going long on the rupee with borrowed dollars offered the best returns in the past month in Asia

India's animal spirits are hushed as consumer demand remains subdued

Economic growth showed little signs of a recovery from a six-year-low

Saudis defer LPG flow: India scrambles to meet peak festive season demand

India, the world's second-largest LPG importer, gets about half of its requirements from foreign suppliers

400,000 taxpayers to face scrutiny under new e-assessment system

Notices were being served to a little over 100,000 assesses, seeking explanation on the returns filed within 15 days

Govt plans to set up body to regulate medical devices sector

The proposed body will be separate from the Central Drugs Control Standard Organisation, which will continue to be the regulator for drugs

India, US fail to seal trade deal over differences on import duties

ICT products make up a minuscule $407 million, out of the $35.54 billion of total inbound shipments from the US, as of now

Banks to discontinue cashback on credit card payments at petrol pumps

"The 0.75 per cent cashback on fuel transactions will be discontinued with effect from October 1," read a message from State Bank of India to its customers

At 6%, UN body projects 7-year low GDP growth for India in 2019

The UN body also pointed towards challenges in meeting sustainable development goals (SDGs) at a time when private debts are rising globally

Bloomberg offers to help India access global bond indices to raise funds

Analysts see strong demand for Indian bonds from investors

Homebuyers unlikely to gain from reduction in corporation tax rates

Property developers are unlikely to pass on any benefit to homebuyers in the form of price cuts

Sugar industry expects to bounce back after price rise, govt measures

Tamil Nadu mills in the red still, seek financial package and loan relief.