Page 2143 - Economy & Policy News

Room for rate cuts, not fiscal expansion, says RBI governor Shaktikanta Das

He was not willing to comment about the potential real interest rate of India that the central bank should fixate upon as the MPC cannot pursue multiple targets

Saudi oil attacks: Logistics cost a concern as India looks to Russia, US

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's Chief Executive Office Igor Sechin and discussed raising crude imports from that country

GST Council may be asked to decide on compensation to states in 45 days

States have been strongly pitching for extension of the compensation period by three years to 2024-25

Bank stake sales in insurance, mutual fund subsidiaries hit a wall

Lenders await RBI norms on holdco structure; guidelines are likely to be finalised by year end

Banks can set their own policies regarding concurrent audits, says RBI

Earlier, the central bank used to formulate rules for concurrent audits, which are done to shorten the interval between a transaction and its audit

Loan 'melas' are back: PSBs to hold credit meets in 400 districts, says FM

Stressed MSME assets will not be labelled NPAs till March 31, 2020

Banks will have to take balanced call on NBFC crisis: RBI's Shaktikanta Das

It means the existing promoters should go for a stake sale, bring in new promoters or new money into their NBFCs

Cabinet to soon decide on vehicle scrapping policy, says Nitin Gadkari

The Road Transport and Highways Minister stated that he has cleared a cabinet note on the proposed policy and the finance ministry has also approved the same

Govt dilutes proposal to give universal social security coverage to workers

In the latest draft of the Code on Social Security Bill, 2019, the government has decided to stick to the current thresholds for providing social security benefits to workers by industry

Rs 30,000-crore road projects identified under built operate transfer

In sync with norms on hybrid-annuity and EPC contracts, NHAI has identified stretches of approximately 935 km across India, which will be constructed on built operate transfer (BOT) toll mode

Amit Shah panel sets the ball rolling on sale of debt-laden Air India

Officials aware of the deliberations in a meeting of AISAM on Thursday said the agenda was to seek a formal political approval for the re-initiation of the privatisation process

OECD slashes India's economic growth forecast from 7.2% to 5.9%

At 2.9%, global growth to be weakest since 2008 crisis, it says

Govt reworking strategy to enhance direct tax mop-up: CBDT member

CBDT member Akhilesh Ranjan, who headed a panel on the new direct tax law, said corporation tax rate in India is somewhat higher - compared to international standards - and must be reduced

Trai seeks public views to fast-track, simplify M&As in telecom sector

Trai issued a consultation paper on reforming the guidelines for transfer and merger of telecom licences following reference from the DoT to simplify and fast-track approval for M&As

FM versus Biocon chief on Twitter over e-cigarettes settles amicably

Shaw, head of Biocon, had earlier wondered why the finance minister, and not the health minister, addressed the press conference

Rs 20,000 crore fund for stalled housing projects likely in 45 days: Report

In the fund, Rs 10,000 crore will be contributed by the central government and roughly, the same amount will come from outside investors

Rs 8,588-crore telecom infrastructure projects receive DCC approval

DoT gears up to hold 5G spectrum auctions by January 2020

Will meet all oil supply commitments to India: Saudi minister to Pradhan

Pradhan spoke to his Saudi counterpart on phone and discussed in details supply plan in the aftermath of a massive attack on the Kingdom's crude oil facilities

Room for more rate cuts but govt has little room for fiscal expansion: Das

"Despite rising external risks, domestic economy is resilient as foreign debt is only 19.7 per cent of GDP," said the RBI governor

Of farm loans and waivers: Are they helping the Indian farmer?

In this podcast, Business Standard's farm editor helps us understand RBI's report on agri credit review