Page 2397 - Economy & Policy News

Cabinet clears rejig of National Health Agency as National Health Authority

This change will help the team manage Ayushman Bharat, say senior ministry officials

RBI MSME loan restructuring plan to help borrowers, state-owned banks

With the high NPAs, the MSME sector has been facing difficulty in raising funds

Deliveries of S-400 air defence missiles to start from next year: Govt

India inked an agreement with Russia in October last year to procure a batch of the missile systems at a cost of Rs 40,000 crore

Merchant exporters to get easier credit under interest equalisation scheme

The sectors covered are mostly labour-intensive and include agriculture or food items, auto components, handicraft, electrical engineering items, and telecom equipment

State oil cos recover as oil prices drop, but that's not helping consumers

In October, companies were told to gradually recover the reduction in the margins if crude prices fell, two finance ministry officials said

Real estate firms pin hope on GST rate cut to end six years of struggle

Experts said prices of homes could go down by as much as Rs 3 lakh under the proposed tax regime

RBI sets up panel under ex-Sebi to suggest measures for MSMEs

"The expert committee will submit its report by the end of June 2019," it said

ONGC to reconsider government demand to list exploration subsidiary

ONGC Videsh has stakes in 41 oil and gas assets in 20 countries and in the last fiscal year produced oil equivalent to 26.2 percent of India's local output

Govt greenlights Rs 600 crore subsidy sops to merchant exporters

The decision was taken by the Cabinet Committee on Economic Affairs

Extend loan restructuring plan to firms yet not registered under GST: MSMEs

To be eligible for the scheme, the aggregate exposure, including non-fund based facilities of banks and non-banking finance companies, to a borrower should not exceed Rs 25 crore as on January 1, 2019

One third of Make in Odisha proposals to be approved in next one month

Chief Minister Naveen Patnaik had set the implementation target at 75 per cent of these proposals within a time frame of next two years

Cabinet clears merger of Dena Bank, Vijaya Bank with Bank of Baroda

With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank

GST collections drop to Rs 94,726 cr in December, lowest in three months

The Centre needs Rs 87,000 crore in January, February and March at least to recoup this shortfall

Direct tax-GDP ratio of 5.98% during FY18 best in 10 years: FinMin

It was 5.57 per cent in 2016-17 and 5.47 per cent in 2015-16

How a bad loan farce gets another rerun after U-turn in RBI's philosophy

RBI has started flip-flopping, it'll become that much easier for the tycoons to rewind the credit culture - back to the debtor-friendly show it always was

Manufacturing PMI slows in December; still strongest performance since 2012

Although new orders and output expanded at a slower rate last month, both have remained well into expansion territory for more than a year, supported by weaker inflationary pressures

GST Council meet on Jan 10; to consider 5% tax on under-construction flats

This would be the 32nd meeting of the council, which is chaired by Finance Minister Arun Jaitley and comprises his state counterparts

India's retaliatory tariffs to adversely impact US exports worth $900 mn

India is the only major country which has been continuously postponing the implementation of the retaliatory tariffs despite announcing it more than six months ago

Madras High Court stays ban on online sales of drugs and cosmetics

Around 1.5 million customers purchase medicines online and a ban would impact their lives

Vicious cycle of polls, loan waivers must end to empower farmers: PM Modi

The government is now considering three options for a relief package to help farmers suffering because of low crop prices at a cost of as much as Rs 3 trillion