Page 2399 - Economy & Policy News
Trump paves way for stronger US-India ties, signs Indo-Pacific legislation
Section 204 of the Act calls for strengthening and broadening diplomatic, economic, and security ties between the US and India
 "Trump paves way for stronger US-India ties, signs Indo-Pacific legislation")
RBI stress test shows banks' asset quality might improve in 2019
PSBs' GNPA ratio may decline to 14.6 per cent by March 2019 under baseline scenario, whereas private banks' GNPA ratio may decline from 3.8 per cent to 3.3 per cent in March 2019
 "RBI stress test shows banks' asset quality might improve in 2019")
Mining sector GVA to slow down to 2% in FY19 from 2.9% in FY18: Icra
Y-o-Y growth in coal output has stayed volatile, falling from 9.7% in July 2018 to a lowly 2.5% in August
 "Mining sector GVA to slow down to 2% in FY19 from 2.9% in FY18: Icra")
Capital infusion: Govt pumps Rs 10,882 crore in 4 public sector banks
Bank of Maharashtra got Rs 4,498 crore, Syndicate Bank Rs 1,632 crore and Central Bank of India Rs 1,678 crore
 "Capital infusion: Govt pumps Rs 10,882 crore in 4 public sector banks")
Situation could be serious for banks if top group borrower defaults: RBI
Stress tests reveal that the losses could be around 7.6 per cent and 13.6 per cent of the capital at the system level under the assumed scenarios
 "Situation could be serious for banks if top group borrower defaults: RBI")
New food standards to come into force from January 1, says FSSAI
The statement also said tolerance limit of antibiotics and pharmacology active substances would come into effect on January 1, 2019
 "New food standards to come into force from January 1, says FSSAI")
RBI report calls for fine-tuning institution scanning after IL&FS crisis
The IL&FS crisis posed serious ramifications for the financial sector with the group having as many as 301 subsidiaries
 "RBI report calls for fine-tuning institution scanning after IL&FS crisis")
News digest: India's banking system, core sector growth, CEO poll, and more
From India's banking system to the biggest billionaire of 2018, BS brings you top stories to keep up with the latest news
 "News digest: India's banking system, core sector growth, CEO poll, and more")
Govt turns down airlines' demand for alternative airports in major cities
Cost-benefit analysis and opposition from private airport developers primary reasons
 "Govt turns down airlines' demand for alternative airports in major cities")
New GST rates: 23 goods and services to get cheaper from January 1
The goods on which GST has been lowered to 18% from 28% at present include pulleys, gear boxes, retreaded or used tyres, power banks of lithium ion batteries, digital cameras and video game consoles
 "New GST rates: 23 goods and services to get cheaper from January 1")
More steps on anvil to boost farmers' income: Agriculture minister
The minister said schemes like higher procurement at increased MSP, higher payout under crop insurance scheme, and electronic linking of markets are all meant to improve farmers' income
 "More steps on anvil to boost farmers' income: Agriculture minister")
Triple talaq Bill stalled as Rajya Sabha adjourned till January 2
The Opposition demanded the Bill be referred to a select committee of the House for scrutiny
 "Triple talaq Bill stalled as Rajya Sabha adjourned till January 2")
No plan to repeal The Chartered Accountants Act, say officials
NFRA is supposed to take over from the Institute of Chartered Accountants of India (ICAI) all powers to investigate accounting professionals of listed companies
 "No plan to repeal The Chartered Accountants Act, say officials")
India exempts rupee payments for Iran oil imports from hefty taxes: Report
The exemption will allow Indian refiners to settle about $1.5 billion of outstanding payments Iranian company.
 "India exempts rupee payments for Iran oil imports from hefty taxes: Report")
EOUs can re-import goods rejected by buyer for repairs, re-export: Expert
According to Para 2.46.II (a) of FTP, goods imported against payment in freely convertible currency would be permitted for export only against payment in freely convertible currency
 "EOUs can re-import goods rejected by buyer for repairs, re-export: Expert")
India's core sector growth drops to a 16-month low of 3.5% in November
Muted rise in cement production and electricity generation, apart from high base effect to blame
 "India's core sector growth drops to a 16-month low of 3.5% in November")
Govt to make hallmarking of jewellery mandatory, small retailers seek time
India has 750 hallmarking and assaying centers and 100 are in pipeline
 "Govt to make hallmarking of jewellery mandatory, small retailers seek time")
Realty developers struggle to sell homes, but boom in office space segment
A slew of measures such as demonetisation, goods and services tax, RERA have hit the residential sales badly
 "Realty developers struggle to sell homes, but boom in office space segment")
Onion spurts 50% to hit one-month high following export incentives
Price of export-quality bulbs touches Rs 10 per kg; farmers hold back sale of fresh onions, expecting prices to go up further
 "Onion spurts 50% to hit one-month high following export incentives")
Post-recapitalisation, banks' credit flow increases sharply in FY18
The share of net credit of housing finance companies (HFCs) in the total flow of credit nearly doubled from 6.2 per cent in FY14 to 11.7 per cent in FY18
 "Post-recapitalisation, banks' credit flow increases sharply in FY18")