Page 2548 - Economy & Policy News

PM Modi to focus on greater connectivity, trade during BIMSTEC summit

Leaders of the seven nation grouping will meet in Kathmandu for a two-day summit beginning August 30

SBI Caps readies Gujarat State Petroleum Corp's loan reduction proposal

SBI has also been requested to extend conversion of Compulsorily Convertible Debentures amounting to Rs 5.5 billion

Four-tier rate structure, cess for luxury goods: Takeaways from GST meet

Centre, states agree on compensation formula; cess on cards for ultra-luxury items

Steel industry hopes govt will bring clear policy to boost ecosystem

Chaudhary Birender Singh, Minister of Steel, to inaugurate MMMM 2018 at Pragati Maidan, New Delhi on August 29

Global trade war can't stop Indian economy's animal spirits as numbers show

Foreign investments slowed, highlighting risks to India's balance of payments position

Weak rupee, firm alumina prices to bolster Nalco's earnings

Rupee devaluation is favouring Nalco as alumina sales contribute 46 per cent to the company's gross turnover

Can govt direct central bank on policy and regulations? Yes, says RBI Act

Section 7 of the RBI Act empowers the Centre to do so

Deadline ends for NPAs: Provisioning for NCLT-3 accounts seen at Rs 1 trn

Higher provisioning will also raise capital requirement of banks; bankers differ on the extent of impact

Firms can't be selective in passing on rate cut benefits under GST regime

The pricing aberration, based on the size of a product, has prompted the national anti-profiteering authority under GST to carry out an investigation

Indiscriminate lending led to banking crisis, says FM Arun Jaitley

Jaitley added that bankers cannot be punished for honest decisions taken with commercial prudence that turned out to be erroneous or commercially unsuccessful with the passage of time

Niti for considering deposits under gold monetisation scheme as CRR

The committee also recommended that the transfer of gold collected under the scheme should be exempt from the purview of GST

Three American cos directly involved in Nirav Modi-led PNB fraud: US probe

The findings of the examiner in the US court will likely bolster the Indian government's case against the fugitive diamond merchant

Reply within four weeks on WhatsApp payment service: SC to Centre

The plea said that while companies like Facebook and Google have appointed Grievance Officers for users in India, WhatsApp had not

India approves use of drones; puts restrictions on delivery of goods, food

If all goes well, from December, drones can be used for purpose like mapping, surveying and photography, which till now was illegal due to absence of any guidelines

Modi govt's capital expenditure for April-July crosses Rs 1 trillion

Capital expenditure for the April-July period has been pegged around Rs 1.11 trillion

FinMin may consult RBI soon to resolve stress power sector problems

Around eight-nine commissioned power projects will be impacted by the Allahabad High Court order and banks have mostly provided for these stress projects

PM Modi's healthcare scheme Ayushman Bharat on shaky ground in Panipat

The second of a 4-part series reports on Haryana's preparedness for the proposed mega health protection scheme

SBI changes names, IFSC codes of nearly 1,300 branches post merger

The lender has published a list of new branch codes as well as the IFSC codes of these branches

Current account deficit is likely to touch 2.8% of GDP in FY19: SBI report

The merchandise trade imbalance is also expected to rise to USD 188 billion in FY19, compared with USD 160 billion in FY18

FDI grows 23% to $12.75 bn during Apr-June, services sector top recipient

A growth in foreign investment assumes significance against the backdrop of widening current account deficit and trade deficit