Page 2294 - Economy & Policy News

Insurance firms hike rates after GIC Re changes policy on fire risk pricing

Now, insurance companies will not be able to buy reinsurance cover for their underwriting unless they follow responsible practices

CBDT gets down to build office in Mumbai after PM's Office intervenes

Total estimation for construction would range between Rs 200 cr and Rs 250 cr

Changes in IBC will allow provision for mediation to cut costs, time

Pre-packaged insolvency, individual bankruptcy mechanism also to be put in place

No takers for Pawan Hans; govt's divestment plan fails for second time

Experts say the Centre should look for an IPO to obtain value from the firm

Explained in 8 charts: How India fared on the trade front in FY19

As imports moderated faster than exports, it helped restrict growth in the trade deficit

Steel industry to keep utilisation levels high in lean monsoon period

The industry's capacity utilisation level drops during monsoon as construction activity takes a hit

Credit bureaus turn to data analytics to provide holistic credit scores

Credit bureaus are increasingly focusing on custom data analytics and alternative data partnerships with fintech companies

Signs of hope on the export front

Twenty of the 30 major product groups were in positive territory for March, most of these showing impressive growth

Deposits in Jan Dhan accounts fast inching towards Rs 1-trillion mark

The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched on August 28, 2014 with an aim to provide universal access to banking facilities to all households

Congress report says rivalry with China certain, pitches ideas to manage it

Can give China access to ports, if it accommodates our core interests, says report

Need to finish reforms in 5 years, privatise PSBs: Arvind Panagariya

Panagariya also emphasised on the need for major reforms in the area of education

Total cost overrun of 205 delayed railway projects is Rs 2.21 trillion

National transporter Indian Railways account for nearly three-fifths of 344 central sector projects that are facing huge cost overrun due to delay in implementation for various reasons.

India not a tariff king, can protect specific sectors under WTO: Experts

The US President Donald Trump has repeatedly claimed that India is a 'tariff king' and imposes 'tremendously high' import duties on American goods

The euphoria around PMJAY vs neglect of public health schemes

PMJAY is largely based on the erstwhile Rashtriya Swasthya Bima Yojana, a model which was fraught with problems and has not led to any decline in the out of pocket (OOP) expenditure for the people

TikTok ban likely to shadow FDI plans of tech firms, says IAMAI

Wihtout naming TikTok, the IAMAI said it was responding to the recent ban by the MeiTY on the order of a high court

Mumbai HC grants bail to man held for circular trade, fake ITC claim

The court also ruled that no coercive action would be taken against the person, while posting the next hearing on July 8

Job creation trebles to 8.61 lakh in February: EPFO payroll data

The data showed that 80.86 lakh new jobs were created in the 18 months period from September 2017 to February 2019

RBI's liquidity ops for banks a temporary fix; cash still in short supply

Currency dealers say the central bank has the scope to do another $5 billion swap, considering that banks have extra dollar holding

P2P firms seek RBI relaxation on lending limit

At present, borrowing from the P2P platform by a single entity is also limited to Rs 10 lakh. Most micro and small enterprises have loan requirement between Rs 5-25 lakh

Govt extends last date for GST sales return for March until April 23

The last date for filing summary sales return and payment of taxes for March is April 20, 2019