Page 2182 - Economy & Policy News

Big relief for market as govt withdraws FPI surcharge: 15 key announcements

Govt to infuse upfront Rs 70,000 crore into public sector banks to enable release of Rs 5 trillion liquidity in the market

India's GDP expansion much higher than global growth: Sitharaman

Finance Minister Nirmala Sitharaman said reform is a continuous process for her government and it tops the agenda

1.2 million new jobs created in June, fewer than May: ESIC payroll data

Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19, a report released by National Statistical Office (NSO) stated

Unemployment major challenge for India but reforms would create jobs:IMF

IMF exuded confidence that the reforms being carried out in India in the last few years would end up creating new jobs in the country

Moody's cuts India GDP growth forecast for 2019 to 6.2% from 6.8%

For 2020 calendar year, it reduced the estimate by a similar measure to 6.7 per cent

Banks want longer repayment tenure for Kisan Credit Card loans

There were also deliberations on allowing farmers to take fresh loans even if they fail to repay exsiting ones, as long as they service the interest

G-7 is well timed to fight recession but leaders unlikely to act

The UK, like Germany, is at risk of slipping into a recession after recent data showed a second-quarter 0.2 per cent decline in gross domestic product

Govt may exempt FPIs from super-rich tax to reverse economic slowdown

Nirmala Sitharaman had proposed increasing the effective tax rate on individuals with taxable annual income of above Rs 2,000 cr by about 3%, and for those earning above Rs 5,000 cr by 7%

India Inc grows impatient as economy slows down and Modi seems distracted

Govt pre-ocupied with Kashmir even as India Inc grows impatient as economy dips

Unprecedented financial sector crisis in 70 years, says NITI Aayog

NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.

Now, you can allow up to Rs 2,000 of recurring payments via digital wallets

RBI has permitted processing of e-mandate on credit and debit cards, besides prepaid payment instruments, including wallets like Paytm, PhonePe and Amazon Pay for recurring payments of up to Rs 2,000

Massive job losses reveal India is failing to reap its demographic dividend

With unemployment at a 45-year high, poor health and low levels of education, India's demographic dividend is at risk

IMF raises doubts about India's tax revenue estimates, GDP growth target

Gross actual (direct plus indirect) tax collection in 2018-19 fell short by Rs 1.7 trillion, or 7.5 per cent of the revised estimates for the year

Even a stimulus package can't help the economy much, says report

The warnings come amid the gloomy news on the growth front, with GDP expansion sliding to a 5-year-low of 5.8 percent in March and expected to fall further in June quarter

Govt bailouts a moral hazard, says CEA Krishnamurthy Subramanian

Calls for a fiscal boost from the government for sectors like automobiles have been growing in the past few weeks after the budget from Nirmala Sitharaman failed to provide support

Indian Railways plans to float a new tender for content-on-demand

This time, the Railways has scaled down its revenue target to Rs 1,000 crore, sources in the know of the developments said

Global iron ore, steel prices likely to shoot up with China demand

Beijing's proposed stimulus to slightly hit imports

EPFO to allocate equity investments equally in Nifty and Sensex firms

Decision against hiring private fund managers

Govt proposes ban on e-cigarettes, jail terms for offenders: Report

Health ministry's plan would deal a blow to U.S.-based Juul Labs Inc, which is hoping to launch its e-cigarette in India.

Extraordinary steps needed to deal with financial sector stress : NITI V-C

Explaining the reason for the stress in the financial sector, Kumar said the slowdown started with indiscriminate lending during 2009-14, leading to rise in NPAs post 2014