Page 2205 - Economy & Policy News

Aditya Birla to complete 75 Mw solar plants in Odisha by June 2020

Firm to set up three units of 25 Mw each, has identified Boudh district for first plant; may develop another 100 Mw if it gets additional land

Adityanath moots tie-up with Israel for defence corridor, Jewar airport

Israeli Ambassador Ron Malka has invited CM Yogi Adityanath to Tel Aviv defence conference in Sep 2019

Govt's silence dangerous: Priyanka on reports of threat to 1 mn auto jobs

Priyanka Gandhi tagged the media report on Twitter which said auto parts industry is fearing that 1 million jobs could be at stake due to the slowdown

Subhash Chandra Garg's exit: Jalan panel seeks RBI's views on ECF report

Subhash Chandra Garg had refused to sign on the report finalised by the former Reserve Bank of India (RBI) governor Bimal Jalan-led committee

Reforming the bureaucracy: Are we close to having a hire-and-fire policy?

While a mechanism to fire inefficient and corrupt bureaucrats exists, the one to hire lateral entrants is still not formed

FM Nirmala Sitharaman busy, GST Council meet pushed back to Saturday

The meeting, which was to be held through a video conferencing, had a single agenda to boost production of electric vehicles

Restricting cross-border data flow will hurt digital trade: AIMA report

The Draft Personal Data Protection Bill, expected to be tabled in Parliament soon, has proposed the data of all Indian users be stored within the country

Bill to fine firms over corporate social responsibility tabled in Lok Sabha

The Bill also seeks to empower the Centre to debar directors responsible for mismanagement for five years after approval from NCLT

There is definitely a case for bigger and faster transmission of rates: Das

"It is necessary to have An effective interaction between the government and the RBI in the interests of the economy and the overall financial sector"

Arbind Modi panel in 2018 suggested corporation tax cut; govt didn't accept

Had proposed abolition of dividend distribution tax, securities transaction tax

Bank of Baroda back in the black, net profit rises to Rs 710 crore in Q1

This is the bank's first quarterly result after Dena Bank and Vijaya Bank were amalgamated with Bank of Baroda

Bond yields surge on buzz that PMO is opposed to sovereign bonds

Subhash Chandra Garg's transfer to the power ministry, from being economic affairs secretary, also fuelled the speculation, even as there was no official announcement on this

Shifted out of finance ministry, S C Garg applies for voluntary retirement

If the voluntary retirement application is accepted, Garg will leave service more than a year before his scheduled superannuation on October 31, 2020

Bank lending to NBFCs set to gather pace: RBI Governor Shaktikanta Das

RBI's June 7 circular places onus on banks to take informed decisions while taking on exposure to the sector

FPIs pour in $6.1 bn in Apr-July; equity segment gets a major chunk

Of the net inflows received in FY20 so far, 54 per cent are in the equity segment, 34 per cent in debt and the rest hybrid

Navy chief Admiral Karambir Singh argues for more funds to build warships

The navy chief rejected "a narrative, where budgetary allocation for naval shipbuilding is considered by some to be a drain on the economy

Punjab National Bank plans to raise Rs 5,000-crore equity capital

The decision in this regard was taken in the board meeting held Thursday, PNB said in a regulatory filing

Rajya Sabha clears RTI Bill; Parliament session to go on till August 7

he Right to Information (RTI) Amendment Bill was also passed in the Rajya Sabha by a voice vote

NCLT stays its own order to prosecute IL&FS auditors for four weeks

Staying its own order of July 18, the Mumbai NCLT gave 10 days to Udayan Sen and Kalpesh Mehta of Deloitte, and Sampath Ganesh of BSR Associates to file an appeal

Andhra govt asks all wind power developers to stop power production

The state government notified all power units that they are curtailing wind power procurement by 100 per cent