Page 2586 - Economy & Policy News

China accounts for 89% of India's total solar cells imports in 2017-18

The cost of Chinese solar PV (photo voltaic) panels is lower than the cost of Indian panels

How environment ministry compromised on norms for thermal power plants

The ministry wants many thermal power plants to be exempted from the norms entirely

Telangana leads southern Indian states in power sector demand growth

Chief Minister K Chandrasekhara Rao complimented state power utilities for surpassing the 10,000 mw demand (being met), a feat once achieved in the undivided state

Amid demands for extended forex market timings, RBI to set up review panel

Any changes to market timings have to be in sync with clearing and settlement arrangements and their efficiency

FRDI Bill withdrawn on public concerns over 'bail-in' clause: Goyal

The FRDI Bill sought to make an enabling law for creation of an independent Resolution Corporation to carry out speedy and efficient resolution of financial firms in distress

UP plans to rope in e-commerce players for marketing boost to MSMEs

President Ram Nath Kovind will inaugurate UP MSME Summit on Aug 10. A MoU with Amazon will be signed on the occasion

Possibility of currency wars risk to India's growth: RBI Governor

Lately, a slew of trade protectionist measures initiated by major economies led by the US has impacted international business sentiment and resulted in retaliatory tariff wars

GST collections rise to Rs 964.83 bn in July, 6.6 mn GSTR 3B forms filled

The revenue collection figures do not reflect the impact of the recent tax rate cuts on 88 items

Full text: RBI hikes repo rate by 25 bps to 6.50% amid inflation concerns

This was the first time since October 2013 that the central bank has hiked repo at two consecutive policy meetings

Mfg sector activity eases in July amid softer increase in output: PMI

This is the 12th consecutive month that the manufacturing PMI remained above the 50-point mark

SBI Caps stops project advisory, structured finance for private sector

The decision to stop PASF services for private sector will affect 50 capital market professionals

Private equity funding likely to shrink if founders have the last word

Players fear giving the founders total control with even minor stake holding will disrupt decision-making process

LIC views IDBI acquisition as a sound business deal, says Piyush Goyal

The deal will likely trigger an open offer, which LIC will make to IDBI Bank's shareholders

Balance sheets of external sector, banks need greater focus of govt: Report

The rupee is expected to remain under pressure amid geopolitical risks, widening of trade deficit, escalating tensions in global trade and FII outflows

Modi government creating a real-time master list of economic offenders

Officials say that such a list, to be updated on a real-time basis, will serve as a ready reckoner in identifying those committing multiple economic offences

SC ruling on tax exemption may trigger a fresh slew of litigation

Experts say the SC ruling should help cut down on protracted litigation related to interpretation of exemption provisions

IBC ordinance not aimed at favouring any corporate house: Piyush Goyal

Congress leader Mallikarjun Kharge and several others alleged that the ordinance was brought to facilitate the acquisition of Alok Industries by Reliance Industries

RBI begins simultaneous annual financial inspections for banks

Divergence lists for banks have been handed over to lenders, and banks are in discussion with RBI on NPA interpretation

Gujarat may be losing its vibrancy in energy, infrastructure sectors

There is more data to suggest not all may be well with the state

Draft policy for e-commerce proposes very little for incumbent players

Experts say data localisation and sharing is probably the single-biggest detriment that the draft policy talks about, the rest have no or minor repercussions on the players