Page 2170 - Economy & Policy News

Slowdown will not impact social sector spending: Nirmala Sitharaman

The GST council will take on GST rates reduction, she said

RBI can use Centre's state transfers for discom defaults: CEA panel

The report recommended a trade receivable discounting system for ensuring timely payments to power generating companies

Six states, two crops show stress due to erratic rains: CRISIL Drip index

Latest data shows rains have been the most abundant in central India, at 14% above normal, followed by the southern region at 9% above normal

IL&FS board files affidavit with NCLAT; 3 amber entities may become green

The total debt of three entities that may be reclassified as green is around Rs 5,071 crore - Rs 3,242 crore from secured lenders and Rs 1,829 crore from the unsecured ones

After 100 days in power, Modi govt has done little to curtail FPI outflows

The signal from the market to the government after the first 100 days is - 'The going is getting tough'

Modi govt to show it delivered on promises with 'speed, skill and scale'

BJP would observe the next 10 days - from Sunday to September 17, the birthday of the PM - as 'seva parva'

Start-ups seek separate data policy, don't want to be part of e-commerce

Under the e-com policy, a number of proposals are around data protection and storing data onshore

Future thermal power plants at risk as water stress increases: Study

Existing water shortage has already forced 61 thermal power plants to shut down between 2013 and 2017, leading to 17,000 gigawatt hours of lost generation

Auto firms must take up GST rate cut demand with state FMs: Anurag Thakur

Minister of State for finance, Anurag Thakur said the government has already come out with slew of measures to address challenges faced by the auto industry

Auto sector problem 'minor', will be 'tackled and settled': Meghwal

The minister also said the government would also look into possibility of extending export incentives to the auto industry

Chhattisgarh to prepare fiscal road map to meet rising expenditure

In the nine months since the Congress govt assumed office, the state has incurred additional expenditure of Rs 18,000 cr on implementing poll promises and welfare schemes

Operational loss in Phase IV of Delhi Metro to be borne by Delhi govt: SC

The top court however directed that the land cost for the project would be borne by the Centre and the Delhi government equally, in 50:50 ratio

RBI deputy governor B P Kanungo sees risk of bond supply dwindling

The situation is not impressive in corporate bonds either

Finance ministry asks departments, PSUs to expedite capital expenditure

These capex reviews come just a day after Finance Minister Nirmala Sitharaman met representatives of the infrastructure sector

We plan to reorganise NHAI, review financing models: Nitin Gadkari

The need to construct national highways would come down after the completion of Bharatmala programme, according to the minister

Single authority mechanism for processing GST refunds to exporters soon

Move will help sanction and process refunds faster; may boost exports

Defence procurement procedure: MoD to release new system by March

The DPP stipulates the procedure for buying weapons and equipment from the defence capital budget, whereas the DPM governs acquisitions from the defence revenue budget

PM Modi announces $1 bn line of credit for development of Russia's Far East

Modi, in the presence of Russian President Vladimir Putin, also unveiled the 'Act Far East' policy to boost India's engagement with Russia's Far East region

Punjab National Bank board approves amalgamation with OBC, United Bank

The government on Friday announced infusion of Rs 16,000 crore in PNB for a smooth and seamless amalgamation

Holding in insurance firms: What to pick? PSBs in a dilemma after merger

After mergers, banks will have to decide whether to reduce their stakes in insurance companies or exit them