Page 2270 - Economy & Policy News

PM Modi rejigs NITI Aayog, retains most members; Rajiv Kumar stays as V-C

Amit Shah, 3 others now ex-officio members

Amendment to Competition Act on cards to rein in digital companies

The Competition Act was legislated in 2002 but the CCI became fully operational in 2009

PM Modi reconstitutes NITI Aayog; Shah appointed ex-officio member

According to official sources, besides Shah, Defence Minister Rajanth Singh, Finance Minister Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar will be ex-officio members

RBI expects govt to continue fiscal consolidation as growth slows down

The Reserve Bank has been very watchful on the fiscal deficit front both because of its impact on its core mandate of inflation and also from a macro stability perspective

Domestic airlines to post upto $700 mn profit, says aviation consultancy

In February, CAPA had estimated a growth of 14-16 per cent in domestic air travel, a 10-12 per cent growth in international air travel and induction of 90 aircraft in FY20

SBI to decide on interest rate revision this week after central bank cut

SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.

Sponge iron makers demand auction of lapsed mining licences in Odisha

The Supreme Court, in its pronouncement in a case filed by NGO Common Cause, had instructed the Odisha govt to collect compensation from the miners for excess ore dug out between 2000-01 and 2010-11

Cong Will Return To Power On Its Own: Pawar

Cong Will Return To Power On Its Own: Pawar

Singapore can become major investor in India's stressed assets, says envoy

Indian envoy Javed Ashraf was addressing some 200 investors and business leaders at the conference on India's Insolvency and Bankruptcy Code (IBC)

RBI to issue revised circular on NPA resolution norms in 3-4 days: Das

On April 2, the Supreme Court had declared as "ultra vires" the February 12 circular that mandated banks to label even a day's default as NPA.

RBI removes charges on RTGS/NEFT transactions; banks to pass on benefits

Country's largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route

RBI lowers FY20 growth forecast to 7% over slowdown in investment activity

In the April monetary policy, the growth of GDP for 2019-20 was projected at 7.2 per cent

Why $190 bn bank loan clean-up is the only way to revive India's growth

So far, lenders have recovered the equivalent of about $11 billion, or about 43 per cent, of the $25 billion in dues admitted by courts in 94 cases of default, according to a Crisil report

RBI could make it three cuts in a row on subdued growth, benign inflation

The policy decision will be announced at 11:45 a.m. in Mumbai, followed by a press conference 15 minutes later by Shaktikanta Das

India going cashless story could have a happier ending in Modi's 2nd term

India going cashless will be as much a story of Prime Minister Narendra Modi's second term as it was of his first

Waterways development set to change course during second term of Modi govt

These projects have been envisaged to bring down the logistics cost in the country and create employment opportunities

Ircon's top agenda: Rs 13,000-crore rail projects to better coal traffic

The Indian Railways has lined up 84 projects with an investment of Rs 98,980 crore to help coal evacuation

PMI services growth slips to 1-year low over election-related disruptions

PMI for services, which is based on the responses of executives of 400 private sector companies, fell to 50.2 in May, from 51 in April

Weak demand may force steel mills to offer discounts in the short-term

Demand growth had moderated to 6.4 per cent in April 2019 and ICRA said it was likely to remain lower than the FY19 Q1

PM Modi to head two new Cabinet committees on economy, employment

Apart from Modi, Home Minister Amit Shah, finance minister Nirmala Sitharaman and Commerce and Railways Minister Piyush Goyal are members of both the committees