Page 2569 - Economy & Policy News

West Bengal govt to look for ways to boost credit to MSMEs: Mamata Banerjee

Commercial banks and SCBs provide loans to Kisan Credit Card holders and options resembling such an initiative can be explored

RBI Deputy Governor bats for umbrella law for public credit registry

This law can go a long way in resolving the deep data asymmetry in the financial system that in turn can help prevent bad loan pile-up

Shipping ministry eyes SEZ-like tax breaks to push coastal economic zones

The Union government had proposed setting up CEZs, one each on the east and west coast of the country

Tribunal allows banks to recover loans by selling Jatin Mehta's assets

A Delhi-based tribunal under the Prevention of Money Laundering Act allowed banks to sell the collateral assets to recover their loans of Rs 40 bn

FinMin proposes to ease process of obtaining 'no tax deduction' certificate

The draft notification proposing the amendments is available on the website of the Income Tax Department

UP govt in talks for Rs 13-bn ADB loan to upgrade skill development infra

UP will upgrade 275 industrial training institutes with the ADB funding by equipping them with modern equipment, machines and technologies

Several nations support US charges against Indian export subsidies at WTO

Back in March, the Trump administration in the US had challenged India's export promotion schemes, arguing that it has been misusing export subsidies

Despite amendments, India far from becoming a global arbitration hub

While India has made advances in recent times, there is a long way still to go

Strong finances, low debt to cap sovereign risks from rupee fall: Fitch

There is a downside to the fall in the value for the corporate and banking sector and it will add to existing pressures in the corporate and banking sectors

Army plans transformative drive to modernise force, make it more versatile

The Army is conducting studies which are expected to be discussed at the Army commanders' conference in October and the resulting plan will be sent to Army chief and defence ministry for clearance

Govt says GDP data not official; catch up with UPA II, taunts Cong

Chidambaram says the Modi government had inherited an economy that was on the upswing

Indian economy is staging 2nd recovery in 6 yrs; how strong is the revival?

Both gross value added and gross domestic product seem to be getting closer to the recent peaks achieved in FY16

Recent dip in rupee unlikely to add traction to exports, say experts

While the rating agency anticipates exports to reach $345 bn for FY19 this will still be at handshaking distance from the peak of $318 billion, recorded five years ago in FY14

India has 49% more than earlier estimated oil and gas reserves, says report

Current estimate pegs reserves at 42 bn tonnes against 28.09 bn tonnes projected in 1996

Export of India-made cars to US goes up, America becomes 2nd-biggest market

India has exported passenger vehicles worth $268 million to the US in three months ended June

India's CAD to widen to 2.5% of GDP in FY19 on higher oil prices: Moody's

Rupee last week dropped to a record low of 70.32 to a US dollar as political turmoil in Turkey

Aadhaar e-signs see severe decline in volumes over regulatory uncertainty

The regulatory uncertainty stems from frequent changes in rules regarding the use of Virtual ID by companies

MoSPI says back series GDP figures 'not official', formal data later

As per the back series data on GDP, Indian economy clocked a 10.08 per cent growth rate in 2006-07, the highest since liberalisation of the economy in 1991

For every Rs 100 earned, Indian Railways spent Rs 111 in April-July 2018

A higher ratio in railways indicates less ability to generate surplus funds that could be used for capital investments such as laying new lines and deploying more coaches

Par panel calls ex-RBI governor Raghuram Rajan to brief on mounting NPAs

The letter has been written to Rajan after former Chief Economic Advisor Arvind Subramanian credited him for identifying the problem