Page 2194 - Economy & Policy News
RBI faces calls to do more than just one rate cut amid economic slowdown
Finance Minister Nirmala Sitharaman has ratcheted up pressure on the six-member monetary policy committee for a 'significant cut' to lift economic growth from a five-year low
 "RBI faces calls to do more than just one rate cut amid economic slowdown")
CCI slaps Rs 2.7-crore penalty on three companies for rigging bid
Pentacle Consultants Pvt Ltd was fined Rs 1.33 crore, SAAR IT Resources Pvt Ltd Rs 1.26 crore and CADD Systems and Services Pvt Ltd Rs 0.11 crore, as per CCI orders
 "CCI slaps Rs 2.7-crore penalty on three companies for rigging bid")
Sector-specific steps to tackle slump on cards, says Nirmala Sitharaman
Sitharaman will soon hold talks with representatives from various sectors
 "Sector-specific steps to tackle slump on cards, says Nirmala Sitharaman")
India's services PMI hits a year's high in July on new business orders
In PMI parlance, a print above 50 means expansion while a score below that denotes contraction
 "India's services PMI hits a year's high in July on new business orders")
IIFL Finance plans to raise Rs 1,000 crore via non-convertible debentures
The public issue of bonds will open on Tuesday and will close on August 30
 "IIFL Finance plans to raise Rs 1,000 crore via non-convertible debentures")
Explained: Why NBCC's new trouble-shooting role may be troublesome
A segment-wise breakup of NBCC's order book shows that close to 95 per cent comprises PMC, the remaining five per cent is EPC and real estate combined
 "Explained: Why NBCC's new trouble-shooting role may be troublesome")
Political unrest, mine mishap bring Talcher Coalfields to a halt
Asia's largest coal mine, with a daily average production of 300,000 tonnes, is facing protests from local people and political parties over a mine accident
 "Political unrest, mine mishap bring Talcher Coalfields to a halt")
Walmart to keep selling guns despite recent shootings at its stores
A man opened fire with an assault rifle at a Walmart in Texas on Saturday, killing 20 people, just 4 days after a disgruntled employee shot dead two coworkers and wounded a responding police officer
 "Walmart to keep selling guns despite recent shootings at its stores")
Draft guidelines for e-commerce firms talk tough on deep discounting
The draft further said that e-commerce firms cannot fabricate product and consumer reviews or exaggerate the quality
 "Draft guidelines for e-commerce firms talk tough on deep discounting")
Govt begins process to auction 27 coal mines and allocate 15 blocks to PSUs
In case of allotment of blocks for PSUs, five coal mines are for power sector, nine for sale of coal and one for iron and steel
 "Govt begins process to auction 27 coal mines and allocate 15 blocks to PSUs")
Kolkata's Lalbazar is home to at least 300 shell companies
At least 70 per cent people involved in opening shell companies are not even CAs but only entry operators.
 "Kolkata's Lalbazar is home to at least 300 shell companies")
Shell-shocked after demonetisation
The govt's moves to bust the alleged note-ban killers are creating a new set of controversies
 "Shell-shocked after demonetisation")
Sebi orders forensic audit of 2 suspected shell firms
Besides audit, Sebi also barred Kavit's promoters and directors from selling the company shares
 "Sebi orders forensic audit of 2 suspected shell firms")
Sebi proposes Aadhaar-based identification for investors
Cases probed by regulator shoot up 84% to 245
 "Sebi proposes Aadhaar-based identification for investors")
Sebi panel suggests splitting of CMD roles at listed companies
Royalty paid by Indian MNCs to their parents under scanner
 "Sebi panel suggests splitting of CMD roles at listed companies")
Sebi panel suggests independent regulator needed for auditors
The panel has also batted for enhancing Sebi's powers to act against auditors and third-party fiduciaries
 "Sebi panel suggests independent regulator needed for auditors")
Sebi amends law to allow employees to encash ordinary leaves annually
It said that ordinary leave can be accumulated up to a maximum of 300 days
 "Sebi amends law to allow employees to encash ordinary leaves annually")
Sebi disposes of proceedings against NDTV promoters
It was alleged that Roys and RRPR Holdings failed to comply with SAST regulations during 2011-2012
Sebi plans further rise in public float
Threshold for minimum public shareholding could be raised to 30% or higher, from the existing 25%
 "Sebi plans further rise in public float")
Govt plans steps to improve economy 'fairly quickly': Nirmala Sitharaman
The government has been meeting industry executives and will take steps to address the challenges facing the economy after a series of meetings this week
 "Govt plans steps to improve economy 'fairly quickly': Nirmala Sitharaman")