Page 2292 - Economy & Policy News

Reserve Bank is buying gold, joining central banks in stashing safe asset

The RBI may purchase 1.5 million ounces in 2019, or about 46.7 tons with an outlook based on extrapolating amounts bought in the first two months of this year.

Finance Ministry simplifies 'self-assessed' to file GST composition scheme

Businesses had to use a seven-page form called GSTR-4 when they filed tax returns every quarter if they opted for composition scheme.

Record shipments in FY19 raise export footprint in GDP after 5 years

But credit largely goes to petroleum and gems & jewellery, as share of core exports remains stagnant

Jet example shows that Indian capitalism needs to be saved from capitalists

It's lamentable that after 14 years as a publicly traded firm, operating in a capital-intensive, competitive, regulated industry, Jet was still allowed to carry on basically as Goyal's fief

Slackening consumer demand puts brake on India's economic growth

While uncertainty over the outcome of a general election cast a shadow on investments, consumer demand has been hit by relatively tight financial conditions

The land acquisition law has one of its legs stuck in the Supreme Court

The court has to decide whether private companies, under some circumstances, can continue to enjoy the advantage the colonial-era land acquisition law gave them over land owners

US move on Iran oil to see inflation rise, RBI holding rates in June

CAD and rupee may come under pressure

Saudi, Iraq and UAE may fill in Iran gap as US ends sanctions waiver

The advantage with Iran was the attractive terms offered by the country including 60-day credit, free insurance, and shipping

Pulses import falls to 2.5 mln tonnes from 6.6 mn tonnes two years ago

India's import of pulses is likely to decline by 68 per cent in FY20

RBI to buy Rs 25,000 crore of bonds in two instalments via OMO in May

The first such open market operations (OMO) for the fiscal year 2019-20, amounting to Rs 12,500 crore, will happen on May 2

Why the wait for a suitable benchmark to price loans could get longer

The hunt to find a suitable benchmark to price loans continues to be elusive, and the wait could get longer

Working faster to issue localised weather forecasting in India by 2020: IMD

The pilot study is underway in 200 blocks. The target is to cover 6,500 blocks in 660 districts by next year

15th Finance Commission likely to pitch for more powers to local bodies

The 15th FC is also likely to bring back performance-based incentives for states, wherein they will be assessed on certain parameters

RBI's new norms to force small businesses to get cash management act right

From the start of this fiscal, firms with a working capital limit of Rs 150 crore and above will first have to avail of 40% of it in the form of a working capital demand loan

RBI okays HDFC's proposal for holding 9.9% stake in Bandhan Bank

The scheme remains subject to approvals from the National Company Law Tribunal and the respective shareholders of Gruh Finance and Bandhan Bank

RBI announces Rs 25,000 cr liquidity injection in May as liquidity dries up

The purchase, called as open market operations (OMOs), will be undertaken in two equal tranches with the first one on May 2

NDA's coal block policy and new regulations face critical questions

Did consumers and state governments benefit from it? Or did the private sector gain more through the back door?

Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10% spike in crude prices can result in a 0.40% widening of the CAD, which can consequently play out into a 3-4% depreciation in the rupee and also push up inflation by 0.24%

UP real estate watchdog rejects 36 projects for not complying with norms

13 realty projects have been rejected by UP RERA in Lucknow and 9 projects in Gautam Buddha Nagar

India prepared to deal with US decision to end Iran oil waivers: MEA

US President Donald Trump has decided not to continue with the exemptions to oil customers of Iran