Page 2187 - Economy & Policy News

Asset reconstruction companies, banks differ on cleaning up bad debts mess

Banks want to dispose of the assets at a deep discount, but for upfront payments

EPFO may appoint HSBC AMC, UTI AMC, SBI MF as fund managers for 3-yr term

Earlier this year, the EPFO had made it clear that the SBI as a bank could not continue as the fund manger of the body

Reduction in use of chemical fertiliser needs a roadmap, say experts

The government should first decontrol fertiliser prices to let farmers pick and choose, analysts say

Removing angel tax notices will help start-ups in growth: Experts

Seeking to calm the nerves of start-ups worried about angel tax, the government last week assured that explanation given by them to a tax notice in a limited scrutiny case would be summarily accepted

Adityanath flags slow pace of land acquisition for UP Defence Corridor

Adityanath has mooted defence manufacturing summits for the Rs 20,000 crore mega project

Jalan committee finalises report on RBI reserves; board meet on Aug 23

The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg

Govt panel recommends automatic CCI approval for cases under insolvency law

The Competition Law Review Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, has recommended a slew of changes with respect to the Act

India's economic growth was negative more often before 1947 than after

The average growth in the 50 years leading to Independence was 0.06%

Vegetable oil import up 26% in July, palm oil shipment highest in 6 yrs

During November 2018 to July 2019 period, the overall import of vegetable oils went up 5 per cent to 112.8 lakh tonne against 107.6 lakh tonne in the corresponding period of the previous year

WPI inflation cools to multi-year low of 1.08% in July vs 2.02% in June

The government data said inflation in food articles was 6.15 per cent in July as against 6.98 per cent in the previous month

At 1.08%, WPI inflation rate slips to over two-year low in July

Inflation rate in food items remained elevated even as it inched down to 6.15 per cent in July

Exports post marginal recovery in July; trade deficit narrows to $13.43 bn

Exports of employment-intensive leather and products saw a fall of 3.7%

Weak demand in Mumbai's luxury property market to continue in FY20: Icra

As per the Icra report, the unsold inventory in most of the markets in Mumbai is high at present and it stands around 52-54 per cent of launched areas across all the micro markets

RBI asks banks not to count failed attempts in 'free ATM transactions'

Besides, use of ATMs for balance enquiry and fund transfers too should be not part of the free transactions facility given to a customer

Exports rise 2.25% to $26.33 bn in July; trade deficit narrows to $13.43 bn

Oil imports declined 22.15% to $9.6 billion

HC tells Delhi, Centre to stop sale of tobacco near schools, implement law

Chief Justice D N Patel and Justice C Hari Shankar said to the two governments and civic bodies of the city to implement the law

All communications from tax dept to assessees to carry DIN from Oct 1: CBDT

Earlier, Prime Minister Narendra Modi had assured honest and law-biding taxpayers that they will not be harassed by the tax department

Economic slowdown due to host of structural, cyclical factors: SBI study

The study said there are clearly a host of structural factors that are holding back current consumption

Jalan panel may suggest transfer of RBI's surplus in tranches over 3-5 yrs

According to various estimates, the RBI has over Rs 9 trillion of surplus capital with it

Chhattisgarh offers power rebate to ailing steel units, industry wants more

They want sponge units and rolling mills to be included; they also want a higher rebate than the 80 paise per unit currently being offered