Page 2395 - Economy & Policy News

Tax ghost of Rs 6,390 crore returns to trouble listing-ready IRFC

Railways has sought waiver from MCA, saying it may improve valuation of the company

Proposed changes to IT Act unlikely to solve core issues: Experts

Experts say changes are more 'cosmetic', can be misused by enforcement agencies

Rural push needed for bank branches, ATMs and business correspondents

Though opening of branches and ATMs in semi-urban and rural areas picked up, the numbers remain highly skewed and a rural push is needed to correct it

Supreme Court issues a notice to Sasan Power on a states' plea

On November 20 last year, the tribunal had set aside the CERC order which disallowed Sasan Power's claims seeking compensation

Govt does U-turn in policy, says e-commerce firms can sell private labels

Latest move comes a week after DIPP had explicitly ordered otherwise

Disbursement by HFCs, NBFCs to slow down in H2FY19, says Icra

As for NBFCs, the retail credit stood at Rs 8.3 trillion as on September 2018

IBC helped creditors recover Rs 80,000 crore to date, says Arun Jaitley

According to the NCLT database, in 4,452 cases disposed at pre-admission stage, the amount apparently settled was around Rs 2.02 trillion, the minister added

Ease capital requirement for banks, parliamentary panel tells RBI

In 2017, the government announced a plan for an infusion of 2.11 trillion rupees ($30.06 billion) into 20 state banks by March 2019 to meet Basel-III global demands

Domestic IT spend to grow 11.9% to Rs 2.59 trillion in 2019, says report

The proportion of digital spend in overall IT spending is estimated to grow to almost 30 per cent in 2019, showing a growth of 29 per cent in digital spending over 2018

India ships season's first grapes to China, outlook grim for Australia mkt

Country aims to double shipment to China this year to reap advantage of that country's trade war with US; Down Under is a tough call due to shipment time and quality control issues

Banks want RBI to revise Feb 12 circular, ease asset classification norms

Banks have requested a relook on its February 12 circular that makes a firm a defaulter as soon as it misses a payment within the due date

Rs 2,000 note printing scaled down to minimum by RBI, says govt official

According to the RBI data, there were 3,285 million pieces of Rs 2000 notes in circulation at end-March 2017

Mills set to take a major hit as Jan arrivals signal poor cotton crop

Wide gap seen between initial estimates and actual output; mills may be forced to import at sky-high prices

Solar electricity in stiff competition with cheaper grid power in Bihar

According to Jaideep Mukherji, CEO, Smart Power India, there has been a lot of progress in Bihar both in terms of connection and hours of electricity supply to households

Modi to roll out projects worth Rs 4,500 crore in Odisha on January 5

Modi will lay the foundation stone for three highway projects built at a cost of Rs 3,317 crore from Baripada

CGST shortfall may force govt to cut spending to meet fiscal deficit target

Adjusting for tax devolution to states, the Centre is possibly staring at a shortfall of Rs 58,000 crore

Start-ups see corruption, securing funds as key challenges in 2019: Report

Several start-ups and angel investors have raised concerns over notices received from the income tax authorities related to taxation of angel funds

Food businesses barred from using recycled plastic, newspaper for packaging

FSSAI says businesses have new regulations will raise standards for safety and have to be followed by July 1.

Parliamentary panel asks RBI to review rules on banks' capital needs

'Such stringent norms stipulated by the RBI for our banks ... is unrealistic and unwarranted,' according to a report by the Parliamentary Committee on Finance

Two years after its launch, India stops printing new Rs 2,000 notes: Report

The govt has done it gradually stop the high denomination note's circulation