Page 2199 - Economy & Policy News
HC seeks RBI, govt stand on private equities seeking assured returns
The public interest litigation was filed by a Kolkata-based lawyer, Sanjib Kumar Dan, and was last heard on July 15 when the Centre's reply was sought
 "HC seeks RBI, govt stand on private equities seeking assured returns")
PM Modi should work like CM Modi to revive economy's growth: A M Naik
Naik said GDP growth is not going to be more than 6.5% this year
 "PM Modi should work like CM Modi to revive economy's growth: A M Naik")
FM to meet CEOs of PSU banks to discuss ways of increasing credit growth
According to sources, the meeting will also review progress of resolution of NPAs under Insolvency and Bankruptcy Code
 "FM to meet CEOs of PSU banks to discuss ways of increasing credit growth")
Lok Sabha clears IBC Bill, Goyal says ordinance not to favour any corporate
Congress' Kharge alleged that the ordinance was brought by the government to help the Reliance Industries to acquire Alok Industries
 "Lok Sabha clears IBC Bill, Goyal says ordinance not to favour any corporate")
IBBI suspends insolvency professional's licence over use of its name
The committee said the use of the regulator's name without its permission was unacceptable
 "IBBI suspends insolvency professional's licence over use of its name")
Govt clears 7 amendments to IBC, extends Finance Commission's term
The Cabinet has approved the changes to the Insolvency and Bankruptcy Code (IBC).
 "Govt clears 7 amendments to IBC, extends Finance Commission's term")
India's in-court bankruptcies get a dose of common sense and urgency
Amending the bankruptcy code won't revive animal spirits overnight, but it would at least prevent a bad situation from getting indefinitely worse
 "India's in-court bankruptcies get a dose of common sense and urgency")
India, world's No. 2 coal buyer, plans to cut imports by a third in 5 years
Imports are seen falling to below 150 million tonnes by the year ending March 2024, down from 235.2 million tonnes India got from overseas in the last fiscal year.
 "India, world's No. 2 coal buyer, plans to cut imports by a third in 5 years")
LS passes amendments to Bankruptcy Code; 7 sections to be amended
Responding to the debate on the bill, Finance and Corporate Affairs Minister Nirmala Sitharaman said the liquidation of a company is not the sole agenda of the Insolvency and Bankruptcy Code
 "LS passes amendments to Bankruptcy Code; 7 sections to be amended")
Tepid economic activity slows cargo growth of ports, railways: Report
Major ports clocked only 1.5 per cent growth during the period as against four per cent growth in cargo throughput in the corresponding quarter of FY19
 "Tepid economic activity slows cargo growth of ports, railways: Report")
Why keep changing features of currency notes, coins, Bombay HC asks RBI
The court added that no other country in the world keeps changing size and features of their currency notes so often
 "Why keep changing features of currency notes, coins, Bombay HC asks RBI")
CRISIL lowers FY20 GDP growth to 6.9% due to monsoon, global slowdown
CRISIL said the slowdown would be pronounced in the first half of the fiscal, while the second half should find support from expected monetary easing, consumption, and statistical low-base effect
 "CRISIL lowers FY20 GDP growth to 6.9% due to monsoon, global slowdown")
Govt softens stance on time frame for transition to electric vehicles
The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively
 "Govt softens stance on time frame for transition to electric vehicles")
IT majors meet Piyush Goyal, flag barriers in accessing in China market
The meeting was attended by senior managers of TCS, Satyam Venture Engineering, HCL, NIIT Tech, Infosys, Invento Robotics, Tech Mahindra and Wipro
 "IT majors meet Piyush Goyal, flag barriers in accessing in China market")
Triple Talaq Bill won't be passed in Monsoon session over lack of consensus
Rajya Sabha Chairman M Venkaiah Naidu clarified that the Triple Talaq Bill would not be taken up for discussion and passage on Friday
 "Triple Talaq Bill won't be passed in Monsoon session over lack of consensus")
Opposition demands triple talaq Bill be referred to joint select committee
Leader of the Congress in the Lok Sabha Mallikarjun Kharge said that the Bill be referred to a joint select committee of the two Houses for greater scrutiny
 "Opposition demands triple talaq Bill be referred to joint select committee")
Govt rejects Oppn claim that triple talaq Bill penalises Muslim community
Under the proposed law, giving instant triple talaq will be illegal and void, and will attract a jail term of three years for the husband
 "Govt rejects Oppn claim that triple talaq Bill penalises Muslim community")
Lok Sabha passes triple talaq Bill after Congress, AIADMK stage walkout
Before a vote on the Bill, the Congress and the AIADMK staged a walkout over the government not accepting their demand to refer it to a joint select committee of the Parliament
 "Lok Sabha passes triple talaq Bill after Congress, AIADMK stage walkout")
Triple talaq Bill to be tabled in Parliament today; AIMPLB cries foul
AIMPLB accused the Centre of not following the laid procedure in drafting the Bill
 "Triple talaq Bill to be tabled in Parliament today; AIMPLB cries foul")
Rocky road ahead for Motor Vehicles Bill
While the proposed amendments to the Act call for a more active role on the part of the states, the Centre has little say in how the law is implemented
 "Rocky road ahead for Motor Vehicles Bill")