Page 2304 - Economy & Policy News

'UBI fashionable but misguided recommendation,' says Arvind Panagariya

Arvind Panagariya believes the Congress' promise of NYAY will seriously damage fiscal consolidation, and large subsidies will have to be cut

Piyush Goyal takes on RBI for lowering economic growth

Goyal said he was glad that now the RBI was recognising growth as much as inflation

RBI likely to seek EC approval before releasing new guidelines to banks

Officials from the finance ministry and the central bank have started discussions on the new circular

Investors in unlisted firms can't file ITR-1, ITR-4 forms, says CBDT

CBDT has widened the reporting requirements in most categories, including ITR-1 or Sahaj, which is for the salaried class with income up to Rs 50 lakh

Empowering women to retiring directors: How India Inc scores in governance

Corporate India is yet to comply with some of the key recommendations of the Uday Kotak-headed Committee, especially those related to the board of directors, data by NSEinfobase.com

Sugar mills will have to pay interest to farmers, says UP government

The Adityanath govt has reversed Akhilesh Yadav cabinet's decision to waive off interest payment by defaulting sugar mills in three successive crushing seasons during 2012-15

Slide in iron ore traffic, flat liquid cargo drag major ports in FY19

Overall cargo growth only 2.9% in FY19; Iron ore traffic through major ports tumbles 16%

Railways post best safety figures in four decades, shows data till March

During 2018-2019, the number of accidents took at 59, with 37 deaths and 108 injured

RBI plans committee to aid housing finance securitisation market

The composition and terms of reference of the committee would be announced shortly and the report would be out by the end of August

Top US colleges like MIT halt work with Huawei following federal charges

Colleges including the Massachusetts Institute of Technology, Princeton University and the University of California, Berkeley, have said they will accept no new funding from the company

Six minutes to disaster: How Ethiopian Air's pilots battled Boeing 737 Max

A preliminary report shows the crew's actions to counter malfunction

RBI to frame new rules on recasting bad loans after SC scraps circular

The banking regulator did not consult the government before issuing the circular, which drags a bunch of companies to the IBC, the court had said

RBI monetary policy: Repo rate lowered by 25 bps to 6% to boost growth

Deputy Governor Viral Acharya and external member Chetan Ghate voted against a rate cut, while Ravindra Dholakia favoured a change in stance to "accommodative"

Falling corporate capital expenditure, slowing rural sales worry CEOs

Another worrying sign for India Inc is the lack of new jobs in the formal sector

Consumers are getting optimistic about general economic situation: RBI

Respondents perceived an improvement in the price situation during the past one year and also expected improvement in the next one year

Income-Tax department adds 10.7 million taxpayers in 2017-18: Report

In a statement, the CBDT said 6.87 crore Income Tax Returns (ITRs) were filed during FY 2017-18 as compared to 5.48 crore ITRs filed during FY 2016-17, translating into a growth of 25 per cent

Next govt with less majority may find challenging to take on reforms: Fitch

Fitch projected the economic growth to be 6.8 per cent in 2019-20, lower than RBI's projection of 7.2 per cent

Wholesale food inflation likely to dip in coming months, says report

The gap between WPI and CPI food inflation was the highest in the past decade, says Credit Suisse report

State Bank of India to reduce rate on savings deposits by 25 bps to 3.25%

The reduction in the marginal cost of funds based lending rate (MCLR) is likely to be 8-10 basis points, depending on the tenor of loans, a senior SBI executive said

Monetary policy: RBI may go for another 25 bps cut in Aug, says expert

As far as future rate cuts are concerned, we expect one more 25 basis points rate cut in this cycle