Page 2308 - Economy & Policy News

From KKR to Blackstone, global PE firms betting big on private credit

KKR's US counterpart Blackstone disbursed about Rs 3,500 crore in the last year in both real estate and non-real estate private credit

India set to grow at 7.2% this fiscal on rising consumption: ADB

Strengthening domestic demand will offset weaker export growth

After SC verdict, asset reconstruction firms' wait for returns get longer

This comes at a time when the government is toying with the idea to launch a new asset reconstruction company for the power sector, which is saddled with bad loans worth Rs 2.5 trillion

25 basis points cut to improve transmission

The question for MPC is whether inflation would further undershoot its own FY20 expectations

Tax collected from 'Panama Papers' probes exceeds $1.2 billion: report

Britain has recouped some USD 253 million, France $136 million and Australia $93 million, the International Consortium of Investigative Journalists (ICIJ) posted on its website.

Tax board's proposal of lowering budget target to Rs 11.3 trn shot down

The direct tax collections are likely to fall short of the revised Budget target by Rs 650 billion and, in fact, were Rs 150 billion lower than the original estimate for the fiscal

Submit all tariff plans of segmented offers every month: Trai to telcos

Trai has asked telecom operators to submit a declaration that the benefits of segment offers have been made available to all existing customers

Why PM-Kisan could be a bankable project

The scheme has covered almost 60 per cent of small farmers who registered for it but the election model code of conduct delays an extended roll-out

'Un'-social media? How to regulate a technological challenge to democracy

All stakeholders need to come together to find a regulatory solution and prevent social media from turning unsocial

India to achieve 7.2% of ethanol blending with petrol this season

The current consumption of fuel sets 3300 million litres of ethanol requirement to achieve 10 per cent of blending target by 2022 for the entire country

Indian elections: Democracy dancing to the tune of populism since 1982

From NTR's promise of rice at Rs 2 a kg to PM-KISAN and the Congress' NYAY scheme, Business Standard traces the history of populist announcements before elections in India

Govt retains power to direct RBI for referring defaulters to NCLT

Prior to February 12 circular, the resolution mechanism available to banks were Corporate Debt Restructuring Scheme

Donald Trump says '100 per cent' ready to shut down Mexico border

Delays were already rising at several key border crossings as Trump ratcheted up pressure on Democrats in Congress to toughen US laws against illegal immigrants

ADB cuts India growth outlook, says trade war, Brexit biggest global risks

India's economy to expand 7.2%, down from 7.6% previously

Why does Cong manifesto ask for revival of Special Economic Zones in 2019?

Chidambaram has been praised by Rahul Gandhi as one of the key authors of the manifesto. It does seem he has decided to forget the lessons that nearly cost Congress the 2009 elections.

Rising cotton price to hit margins of textile companies

Cotton, the key raw material for textile and apparel production, has become costlier by 6 per cent in March alone

WTO trims global trade growth forecast for 2019 to 2.6% from 3.7%

For this year, the downside risks again outweigh the upside potential

Capex at 14-year low amid political uncertainty ahead of Lok Sabha polls

Capex on new projects have halved in the March quarter y-o-y, though stalling and completion rates are better than before

Supreme Court relief aside, power sector loans a lesser drag on banks

Banks have already provided for 25-40% of the total Rs 2-trillion exposure to the power sector; ageing related provisioning could keep credit costs high

SC verdict on RBI's Feb 12 circular may delay resolution of stressed assets

The experience of banks with IBC cases so far has been mixed with banks taking an average haircut of 50%