Page 2354 - Economy & Policy News

Boost for farmers: RBI raises collateral-free agri loan limit to Rs 1.6 lkh

Currently, the banks are mandated to extend collateral-free agricultural loans up to Rs 1 lakh. This limit was fixed in the year 2010

Rs 4.79-trillion UP Annual Budget tabled; 600 cr allotted for cow shelters

Budget size swells 12% yet fiscal deficit below mandated 3% of GSDP

65,000-km highways worth Rs 5.35 trillion to be built by 2022, says Gadkari

Already, 137 road projects having an aggregate length of about 6,530 kms have been awarded and are in various stages of implementation

US to sell two missile defence systems worth $190 million for Air India One

The defence systems, which would bring security of Air India One at par with that of Air Force One, would be installed in two Boeing 777 Head-of- State aircraft, the Pentagon said

Why Franklin Templeton isn't worried about polls affecting India's growth

Franklin Templeton is betting on banks, automobiles, consumer firms and software exporters to report good profit and revenue growth for the next few years

Kerala introduces new scheme to support distressed farmers in north India

Under the scheme, the state will procure farm produce from North Indian farmers at MSP

RBI monetary policy: Bond market awaits cues on liquidity support

Perception of comfortable liquidity is different for RBI and markets

Govt clears bill to tighten noose around unregulated deposit schemes

The Bill provides severe punishment and heavy pecuniary fines

Cabinet okays single regulator for international financial services centres

Need for a separate unified regulator arose after the existing regulators expressed concerns that transactions in GIFT City can have an impact on the domestic markets

Air India CMD Pradeep Singh Kharola appointed civil aviation secretary

A 1985 batch IAS officer of Karnataka cadre, Kharola was named chairman and managing director of Air India in Nov 2017

Consumer's choice supreme, operators shouldn't interfere, says Trai chief

Consumers must have a choice... and interfering with their freedom is a violation of regulatory framework, says R S Sharma

Govt explores pre-packaged bankruptcy plan to fast track insolvency process

The pre-packaged bankruptcy proposal aims to cut cost and time of resolution process

New RBI norms on bank subsidiaries to overhaul equity holding structures

The move comes at a time when a host of state-run banks are set to jettison some of their non-banking ventures to raise capital

Rs 8,500 crore investment lined up for ethanol; two-thirds by sugar mills

Sugar mills in the top sugar producing states viz. Maharashtra and Uttar Pradesh are projected to account for 40% and 30% of the fresh ethanol capacity addition

Centre was vindictive towards Magsaysay award winner Sanjiv Chaturvedi: SC

Imposes additional cost of Rs 25,000 against the Centre on top of existing Rs 25,000 cost imposed by Uttarakhand HC

Govt may roll over Rs 33,000-35,000 crore in subsidy payments to FY20

Business Standard has learnt from senior government officials that the petroleum subsidy amount rolled over to FY20 will be around Rs 13,000 crore

Cabinet approves abolition of ombudsman for direct, indirect taxes

Taxpayers now prefer alternate methods of grievance redressal

Internet firms flag concerns over proposed IT rule changes, call for talks

IAMAI says the obligation being proposed on intermediaries to trace out originators and communications when sought by authorised govt agencies will be 'violation of the right to privacy'

Govt to set up 12,000 MW solar power projects with Rs 8,580-crore funding

The CCEA also approved a proposal for continuation of the scheme of 'Exploration of Coal and Lignite'

Cabinet okays setting up of commission to frame policy for cow protection

The creation of this commission will provide the policy framework and direction to the cow conservation