Page 2550 - Economy & Policy News

Bankers burning midnight oil to resolve Rs 3.8 trn NPAs before deadline

The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days

Jewar Airport: Here's why some farmers are resisting land acquisition

No farmer is opposed to development or the airport but they are concerned about the disparity in the rate of compensation for land

Yogi Adityanath govt to host global farmers summit 'Krishi Kumbh 2018'

After coming to power, the Yogi Adityanath government had taken a 360-degree approach to virtually turnaround economy for sustained socio-economic growth and job creation

Govt to make it mandatory for unlisted cos to issue shares in demat form

At present, listed companies need to have shares in electronic form but is not compulsory

NITI Aayog to review progress of standardisation of Metro rail systems

According to the ministry, the move intends to promote the government's 'Make-in India' initiative while executing Metro rail projects in states

Govt makes FPI's job easier, introduces single form for foreign investors

Common application form for FPIs has been devised with a view to enhance operational flexibility and ease of access to Indian capital markets

Foreign air carriers cannot get on board international Udan scheme

The Assam and Andhra Pradesh governments, participating in the scheme, are offering subsidy to airlines

Trouble for sugar industry as govt goes back five years to penalise mills

Levy obligation abolished in 2013; penalty for defaults comes now

MoD clears Rs 460-bn purchase of missiles, guns and naval helicopters

In a badly-needed fillip to Army firepower, the DAC approved the manufacture of 150 indigenously designed and developed Advanced Towed Artillery Gun Systems

Textiles, clothing exports jump 11% in July on govt policies, falling rupee

The textile sector is the largest industrial employment provider in India, employing more than 100 mn people directly and indirectly

Railways likely to come up with revised flexi-fare scheme next month

The government is also mulling options to bring in special discounts under the scheme in less busy routes

How Maharashtra APMC amendment could push traders away from markets

The amendment has also done away with the process of the requirement of separate licenses considering the entire state as a single market

Kharif sowing may fall short of last year's level by almost 1.3 mn hectares

Sowing of kharif crops begins with the onset of southwest monsoon from July and harvesting from October

QR codes on drug packages on cards, to help in implementing price revisions

Quick Response, codes can store data and is used for product identification, tracking and marketing

Clock is ticking for Rs 3.8 trn stressed assets; 70 firms may land in NCLT

Power sector players have approached the courts against the RBI, with a plea to give extra time for working on resolution package

More financial scams in the offing, says West Bengal FM Amit Mitra

At present, about 11 PSBs are under prompt corrective action by the RBI, which has restrained their risk-weighted lending

NDA has made public bank appointments transparent, says Piyush Goyal

To a query from the floor that the Centre still interferes in appointment of directors, he said interference has also gone down substantially

Nearing resolution of Rs 170-bn NPAs in power sector: SBI MD Arijit Basu

When asked about public sector banks requiring more autonomy, Basu said SBI is a well governed bank with a very strong board

Govt chalks out plans to overcome challenges in road-monetisation projects

The road projects also have some inherent challenges, according to industry experts

Crisil DRIP index: Rainfall distribution across states remains patchy

This week's DRIP scores highlight some strain in Gujarat, West Bengal, Bihar and Rajasthan, because they are higher than last year and above the average of the past five years