Page 2176 - Economy & Policy News

Ind-Ra lowers outlook on steel sector on sluggish demand expectation

Assigns 'stable-to-negative' outlook from 'stable' for remainder of FY20

UP power regulator gives consumers a shock with 8-15% tariff hike

UPERC says tariff hike was imperative due to increase in expenditure concurrent with decrease in revenue of the state power discoms

Latest bank mergers unlikely to revive growth, profitability: Credit Suisse

Last Friday, the government had unveiled a mega plan to merge as many as 10 public sector banks into four to help create stronger global-sized banks

Government approves over Rs 9,000 cr capital infusion in IDBI Bank

Out of Rs 9,000 crore, the government will provide Rs 4,557 crore as one-time re-capitalisation to IDBI Bank, Javadekar said

Govt hikes ethanol procurement price for fuel blending starting December

The decision was taken by the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi here

India sovereign bonds to rally as economic slump spurs deeper rate cut bets

Another 50 basis points of rate cuts may be on the way, according to a revised forecast by Goldman Sachs Group Inc

As villages run out of water, can Jal Jeevan quench rural India's thirst?

Need to cover piping to 90,000 homes per day for five years

FPIs pulled out Rs 38,930 cr in FY19 due to weak market sentiments: Sebi

According to Securities and Exchange Board of India annual report, eligibility norms for FPIs were relaxed and data privacy concerns of FPIs were addressed

ISO forecasts global sugar deficit of nearly 5 mn tonnes in 2019-20

The ISO noted that consumption growth was expected to be below the 1.8 per cent average seen up to 2016-17

Fintech committee recommends new legal framework for consumer protection

The Steering Committee on fintech-related issues has also suggested cash flow-based financing for micro, small and medium enterprises

Manufacturing growth in August falls to 15-month low, sales slow down

PMI survey says competitive pressures and challenging market conditions restricting growth.

NHAI to offer roads as collateral, in talks with SBI to fund projects

Only SBI has agreed in-principle for the securitisation model

Economists predict deeper interest-rate cuts, slow economic growth

GDP rose 5 per cent in the June quarter from a year ago, the slowest pace in six years and lower than all the forecasts in a Bloomberg survey of economists

Growth of 8 core sectors slows to 2.1% in July, recovers from 50-month low

Yet, it recovers from a 50-month low in June as cement output jumps

More than 260,000 people in danger of losing jobs over lapsing mines

The validity of 329 mining leases will cease by March 31, causing job losses for 264,000

Railways testing waters for locomotives to run on lithium-ion batteries

A locomotive, powered by lithium-ion batteries, has already been developed and put into operation at the Eastern Railway

No compromise on telecom security, says minister on Huawei spying concerns

The remarks come in the backdrop of US' concerns over deployment of Huawei telecom gear in new and upcoming networks

Automakers call for tax cuts as sales fall and analysts slash forecasts

Passenger vehicles sales in the country are set to fall for a tenth consecutive month in August.

India's seizures of smuggled gold jumps in June quarter: Official

The illegal trade could rise further in coming months as India, the world's second biggest gold consumer, raised an import tax on gold by 2.5 percentage points to 12.5% in July's federal budget

Fintech panel suggest legal framework to protect digital services consumers

The report said the Department of Financial Services should work with PSU banks to bring in more efficiency to their work and reduce fraud and security risks