Page 2225 - Economy & Policy News

Large exposures framework: Basel committee lauds RBI on strict rules

In India, the LEF applies to all banks, apart from the regional rural banks

Centre allocates Rs 75,000 cr for PM-KISAN to cover 145 million farmers

Nirmala Sitharaman has allocated Rs 12,000 crore less in the Budget for financial year 2019-20 towards the government's flagship income support scheme -- PM-Kisan-- that has been extended to cover all

No targeting of FPIs; higher tax on all super-rich: Finance Ministry

Sitharaman had in the Budget proposed to increase the surcharge, charged on top of the applicable income tax rate for the super-rich

Domestic industry is unsure of benefits of deal, govt tells RCEP nations

India on Tuesday told Asean nations that the domestic industry is not convinced that the proposed RCEP deal will create a 'win-win situation for all' by ensuring balanced outcomes

India urges Indonesia to reduce import quota restrictions on auto sector

With bilateral trade of $21.13 billion in FY19, Indonesia is India's second-largest trade partner in the Asean region after Singapore. However, India's trade deficit stands at a sizeable $10.57 bn

Two years of GST, in facts and figures: 280 mn returns filed till June 2019

GST was rolled out on July 1, 2017

Sharp rise in gold smuggling likely after duty hike, govt gets into action

Revenue intelligence officials asked to tighten vigilance; bullion analysts foresee 300-tonne spike off the record

Chidambaram not on board in Opposition's divestment protest against govt

In the Budget, Finance Minister Nirmala Sitharaman has set a disinvestment target of Rs 1.05 trillion for the current fiscal year

India imposing tariffs on US products, no longer acceptable, says Trump

"India has long had a field day putting Tariffs on American products. No longer acceptable!" Trump tweeted

Labour code to bring distinct liberalisation: Niti Aayog VC Rajiv Kumar

In her Budget speech, Sitharaman had said the govt planned to concise labour laws into four broad codes on wages, social security, industrial safety and welfare, and industrial relations

Uttarakhand govt plans to produce green power with pine needles

These companies would produce a total of 675 Kw

Nabard to switch to risk-based supervision of co-operative banks, RRBs

It will first conduct such exercise on pilot basis and then scale up to cover 400 entities under its supervisory ambit

Nabard to raise Rs 60,000 crore via non-convertible debentures this year

Nabard has introduced new features like multiple pricing of bonds, tripartite repos and 15-year tenor debentures

Madhya Pradesh to bring Bill to keep all state jobs for locals only

After assuming office in December 2018, Kamal Nath government had issued an order to amend the Industrial Promotion Policy, 2014

Budget impact: Companies bat for Customs duty rollback on ACs, TVs

Customs duty on ACs imported completely is 20%, following a 10% increase in September last year

I-T lens on Facebook and Google for underreporting revenue in India

CBDT wants to do survey and spot verifications for detecting non-compliance

Govt likely to give up direct controlling stakes in ONGC, IOC, NTPC, GAIL

Finance Minister Nirmala Sitharaman last week set a record Rs 1.05 trillion ($15 billion) asset sales target in the year started April 1

Mining in the deep end: Iron ore and manganese miners are staring at mayhem

Leases of miners are going to expire in March 2020 and there is no way the arduous process of auction of mines will complete before the it expire

Cost of Rs 2000 note falls 65 paise per piece in 2018-19: Official data

The selling price of Rs 200 note per piece declined to Rs 2.15 in 2018-19 compared to Rs 2.24 in 2017-18

Banks reported frauds worth Rs 1.8 trn in 11 years: Govt tells Rajya Sabha

The year 2016-17 witnessed reporting of 3,927 cases of fraud involving amount of Rs 25,883.99 crore, which was the highest in the last 11 years