Page 2177 - Economy & Policy News

Govt sees gain in US-China trade war, to woo foreign firms like Apple

Govt ministries asked to submit their policies and incentive structures for Invest India, luring companies affected by US-China dispute.

Bank frauds rise 15% in 2018-19, amount pegged at Rs 71,543 cr: RBI

Among bank groups, PSBs, which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19. It was followed by private sector banks and foreign banks

How Pakistan can hurt Indian aviation by closing its airspace

The financial implications of aircraft flying West from Delhi being forced to take circuitous routes to at least 27 destinations would be severe

RBI has Rs 1.96 trillion as contingency fund after record payout to Govt

The RBI board has decided to transfer the excess reserves to government based on the Bimal Jalan committee report on the appropriate economic capital framework

RBI dividend may drop next year

Central bank may done away with provisioning requirements, to enable higher transfer of surplus in the 2017-18 fiscal, analysts say

Govt gives over Rs 47K-cr to 27 states for afforestation, green activities

The minister said the corpus will be utilised for compensatory afforestation, wildlife management, forest fire prevention, soil and moisture conservation works in forests

Irdai to revisit motor third party obligation regulations for insurers

The regulator has constituted a working committee for reviewing the current motor third party obligation regulations for insurers

Apple, IKEA gain after local-sourcing norms eased for single-brand retail

According to the Cabinet decision taken on Wednesday, all procurement in India - for domestic or export markets - will be accepted as local sourcing

Modi's approach to economic advice is quite distinct from Manmohan, Atal

The set-up in Modi 1.0 and 2.0 is geared to sector-specific guidance rather than macro-economic counsel

India unlikely to meet sustainable development goals on health by 2030: CAG

In 2015, India spent 1% of its GDP on public health, the second-lowest in the southeast Asia region, according to data cited in the National Health Profile 2018

Improving ease of doing biz: Govt to identify what's slowing cargo movement

The Central Board of Indirect Taxes and Customs (CBIC), under the Department of Revenue, is carrying out the study

After corporate debt, retail loans face stress amid unemployment, slowdown

The govt has unveiled steps ranging from concessions on vehicle purchases to hastening of capital infusion in state-run banks to help re-ignite an economy that's slowed sharply due to weak consumption

SBI economists slam 'intelligentsia' for 'misunderstanding' RBI autonomy

Stating that the Rs 52,000-crore surplus payout is much lower than the estimates, the economists said, "the questions on the central bank are often misunderstood"

Govt should allow more sugar diversion for ethanol making: NFCSF

The country is likely to have total 43 million tonnes of sugar supply during the 2019-10 marketing year

Cabinet approves Rs 6,268 crore export subsidy for 6 mn tonnes of sugar

This will benefit millions of farmers in Uttar Pradesh, Maharashtra and Karnataka as well as other states

For agricultural loans, bankers call for longer repayment period

There were also suggestions to have an agriculture credit guarantee scheme, and a stronger institutional network to prevent multiple lending in the agriculture sector

FDI norms eased for single brand retail, digital media, manufacturing

Exports to be factored in to meet 30% domestic sourcing norm

UP to woo investors in Russia, Europe for proposed Defence Corridor

The Uttar Pradesh Defence corridor is estimated to attract Rs 20,000 crore investment and create 250,000 jobs

Will sign preferential tariff agreement with India soon, says Iranian envoy

Till now, four rounds of negotiations have been completed and the last one was held in March in Tehran where both countries discussed a draft text of the pact

CAG raises concerns over burgeoning costs of NHAI's projects, cautions govt

The PMO also suggested that the NHAI monetise its road assets base through toll-operate-transfer (TOT) auctions