Page 2158 - Economy & Policy News

FM says clear signs of revival in industrial production, fixed investment

The government has been pressing banks to link borrowing rates to an external benchmark to speed up the transmission of rate cuts

GST network releases online version of two simplified forms for taxpayers

The new simplified returns called ANX-1 and ANX-2 will replace the existing forms by January 2020

Focus on sustainability of agriculture, not loan waivers, says RBI

RBI panel says banks should partner agri-tech firms to provide quick loans to farmers

IMF says India's growth 'much weaker' than expected; cuts FY20 projection

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago

Finance panel won't accept Centre's GDP forecasts, says N K Singh

The medium-term fiscal policy statement, tabled as part of the Union Budget 2019-20, forecasts nominal GDP for 2019-20 to grow 11 per cent year-on-year

Govt sets 5G ball rolling, says spectrum auction by year-end or early 2020

Under the scheme, the government plans to auction around 8,293.95 MHz of airwaves at an estimated total base price of Rs 5.86 trillion

With half their fleet idle, transporters feel the pinch of auto slowdown

Some fleet owners are even considering selling some trucks to tide over the slowdown

Govt had no outstanding loans from RBI in week ended September 6

State governments had loans worth Rs 421 crore from the RBI in the week ended September 6 compared with Rs 606 crore in the previous week

RBI likely to go for further rate cut in October 4 meet, say experts

According to brokerages, moderating inflation and a negative output gap are likely to open the door for an accommodative monetary policy

E-assessment of taxpayers: Video conferencing in, personal interviews out

Faceless assessment scheme, however, provides video conferencing facility to those seeking changes in draft assessment order

RCEP: India prepares final list of products to counter Chinese imports

Delhi may keep duties on some products, stick to an import ceiling

Exports contract 6% in August, trade deficit narrows to $13.45 billion

The current account deficit is likely to decline substantially to $10-11 billion in the second quarter

In a dim market, investments in small savings instruments jump 37%

In April-June 2019 (Q1FY20), bank deposits grew by Rs 1.14 trillion, according to Reserve Bank of India data

A regulatory sandbox a win-win for all stakeholders, says Irdai

Irdai will start receiving application from insurance companies such as InsurTech and others from September 15 on product ideas under the sandbox approach

Improving ease of doing business: Think tank moots sector-based model

While the World Bank's ranking rests on ease of doing business in Mumbai and Delhi, the DPIIT's is based on reforms done in states

India's economic growth rate 'much weaker' than expected, says IMF

India's GDP growth rate slipped to 5 per cent in the first quarter of 2019-20, the lowest in over six years

A mind of her own: Meet SC judge who rejected Chidambaram's bail plea

As a judge in of the Madras High Court, Justice Banumathi had in 2003 ordered a blanket ban on jallikattu, the bull taming sport of Tamilnadu

RBI panel pitches for a GST Council-type federal body in farm sector

The panel further said that the Centre should push state governments to complete the digitisation process and updation of land records in a time bound manner

Not obliged to go by govt's growth projections: Finance Commission chief

The 15th Finance Commission is scheduled to submit its report to the government by November 30

Rains show no sign of retreating at all-India level: CRISIL Drip index

Cumulative rainfall in the region entered the 'excess' category at 21 per cent above normal, from 14 per cent a week ago