Page 2179 - Economy & Policy News

RBI's fund transfer eases Centre's gross tax revenue growth target to 16%

The RBI's transfers would effectively add Rs 58,000 crore to the Centre's kitty in the current fiscal year

Be restrained, don't overreach or overstate: FM Sitharaman to tax officials

Meeting targets within deadlines was achievable even if they go about it with bit of a 'restraint' said the finance minister

Goldman Sachs sees more pain in store for the Indian economy

The current slowdown has lasted for over 18 months and is the longest incident of sluggishness since 2006, the report said.

New framework for coastal economic zones to be out soon: Shipping ministry

The majority of maritime projects, which are a mix of port modernisation, capacity enhancement, cruise terminals, port connectivity and coastal shipping, would be executed in the next five years

Policy on petroleum and chemical zone likely to come in a new avatar

The four PCPIRs are expected to give employment to around 3.4 million people

RBI transfer: FM protests Rahul's 'band aid for gunshot wound' barb

Rahul Gandhi accuses Centre of stealing from central bank, FM hits back

Govt to consider relaxing FDI norms in single brand retail on Wenesday

he present FDI policy is silent on the fast-growing digital media segment

On RBI, Congress asks Modi govt to learn from Argentina's experience

Reminds PM of the time the Latin American country's govt resorted to raiding the reserves of its central bank, and triggered a collapse of its economy

Cargo volume at major ports grows 2% in April-July as sectors slow down

Ports in Karnataka's New Mangalore, Goa's Mormugao, and Tamil Nadu's Chennai and Kamarajar (Ennore) reported cargo shipment decelerating.

Microfinance industry to cross Rs 1 trn loan portfolio in Q2 FY20: Report

The data is based on the information provided by 200 microfinance institutions

Auto LPG body asks govt to cut GST, offer level playing field to spur usage

LPG used for domestic purposes is taxed at 5 per cent and high incidence of tax for its usage in automobiles provides an incentive for illegal diversion

RBI's bonanza to give govt ammunition to fight slowdown, boost capex

This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime

Can RBI's fund transfer allay fiscal concerns? Here's what you must know

RBI's Rs 1.76 trillion fund transfer is the biggest-ever payout by the central bank. Listen to this podcast to know how the central bank's bonanza is likely to boost Indian economy

Question for Modi govt: How to use $ 24 billion windfall from RBI?

The Finance Ministry is keen to use the transfer to cut its budgeted borrowings, though it's yet to make a final decision on how to spend the amount

RBI's bonanza is an umbrella to a govt that denied existence of clouds

The central bank is coming to its rescue, and without running any immediate risk of exposure to its own credibility

Assam govt to offer free legal aid to those excluded from final NRC

Two hundred foreigners tribunals are being set up shortly for hearing the appeals filed in the designated foreigners tribunals, which will be notified by the state government very soon

No quick fix for structural issues, India's growth to slip further: Report

D&B expects IIP to have remained subdued and grown by 2.5-3 per cent during July this year

PM clueless on how to solve 'self-created economic disaster': Rahul Gandhi

Gandhi's reaction came after the RBI allowed the government to take Rs 1.76 trillion from its reserves to provide a fresh impetus to the economy

With it but not quite: NITI Aayog's changing equations with the Modi govt

The Centre's think-tank seems to be facing a lot of flak from senior govt ministers in the last few days

RBI approves a record Rs 1.76 trillion surplus transfer to government

The surplus transfer, commonly called as "dividend" to the government, is almost double of the previous record of Rs 65,896 crore