Page 2622 - Economy & Policy News
Govt shuns bad bank, opts for AMC route; 5-pronged strategy to resolve NPAs
Panel report on NPA resolution accepted; AIFs to deal with loans above Rs 5 bn
 "Govt shuns bad bank, opts for AMC route; 5-pronged strategy to resolve NPAs")
Supreme Court issues notice to Centre over foreign political donations
A bench comprising Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud issued a notice to the Union Ministry of Home Affairs
 "Supreme Court issues notice to Centre over foreign political donations")
More investors turned defensive in 2018 over 'uncertainties', says survey
The survey is based on responses of more than 250 chief financial officers (CFOs), with revenues of their companies spanning from less than Rs 5 bn to more than Rs 100 bn
 "More investors turned defensive in 2018 over 'uncertainties', says survey")
Madras High Court asks Trai to revise tariff on Cable Landing Stations
The order was issued in appeals filed by Tata Communications and Bharti Airtel against a single judge order, which upheld the Trai's decision on the tariff
 "Madras High Court asks Trai to revise tariff on Cable Landing Stations")
India reduces duties on 3,142 imports from China, Asia-Pacific nations
The reduction in tariff by both nations are part of their commitments to liberalise trade further through the Asia Pacific Trade Agreemment (APTA) and will be in effect from July 1
 "India reduces duties on 3,142 imports from China, Asia-Pacific nations")
Shimla to host State Power Ministers' conference as deadline looms
Centre will also discuss with the states the status of coal supply and stock and flexibility
 "Shimla to host State Power Ministers' conference as deadline looms")
June manufacturing sees fastest growth in 2018; inflation remains a worry
PMI went up from 51.2 points in May to 53.1 in June
 "June manufacturing sees fastest growth in 2018; inflation remains a worry")
No 'bad bank', govt has a 5-point strategy to deal with NPAs: Piyush Goyal
The committee was given a fortnight to submit its report on the feasibility of setting up an ARC/AMC for faster resolution of bad loans
 "No 'bad bank', govt has a 5-point strategy to deal with NPAs: Piyush Goyal")
At 3.6%, eight core sector growth declines to 10-month low in May
But coal production sees a double-digit growth for second month in a row
 "At 3.6%, eight core sector growth declines to 10-month low in May")
Don't pay heed to rumours; NC won't be part of govt formation in J&K: Omar
On the governance front, Abdullah demanded an investigation into the use of funds meant for dredging of River Jehlum in the aftermath of the 2014 floods
 "Don't pay heed to rumours; NC won't be part of govt formation in J&K: Omar")
Chasing all defaulters may chill economic activity, says Nitin Gadkari
There is a need to distinguish between bona fide and mala fide intentions which would have made an entrepreneur to default, the minister said
 "Chasing all defaulters may chill economic activity, says Nitin Gadkari")
India's plans to float 'Oil Buyers Club' with China to cut OPEC's dominance
The announcement by China and India that they are joining forces to challenge OPEC's high-price strategy is likely to attract support from Japan and Europe
 "India's plans to float 'Oil Buyers Club' with China to cut OPEC's dominance")
Cauvery dispute: Water board asks Karnataka to release 31 tmcft water to TN
In case of Puducherry, the authority directed that the existing arrangement for the supply of water to Puducherry by Tamil Nadu will continue
 "Cauvery dispute: Water board asks Karnataka to release 31 tmcft water to TN")
FinMin Piyush Goyal expects fiscal deficit to be lower than 3.3% in FY19
He said the revenues from GST in the current fiscal is expected to exceed Rs 13 trillion as the full benefits of electronic way of e-way bill starts flowing in
 "FinMin Piyush Goyal expects fiscal deficit to be lower than 3.3% in FY19")
Infrastructure sector growth dips to 10-month low of 3.6% in May
This is the lowest growth rate since July 2017 when infrastructure industries had expanded by 2.9 per cent
 "Infrastructure sector growth dips to 10-month low of 3.6% in May")
Most firms believe EU's GDPR will bring sense of privacy in biz: Survey
This survey by Deloitte in alliance with the Data Security Council of India analysed the state of preparedness of Indian firms on the basis of rules mandated under GDPR
 "Most firms believe EU's GDPR will bring sense of privacy in biz: Survey")
Switch to organic food may hike monthly expenses by Rs 1,500 per family
A joint study conducted by EY and Assocham pointed out that purchase of organic food is restricted to affluent customers due to the high cost
 "Switch to organic food may hike monthly expenses by Rs 1,500 per family")
Coal India's supply to power plants up 15% in April-June period
The increase in fuel supplies comes at a time when some regions are facing power shortage due to fast depleting coal stockpiles at power plants
 "Coal India's supply to power plants up 15% in April-June period")
India to cut tariffs on 3,142 items for Asia-Pacific trade bloc from July 1
The average Margin of Preference being provided under the agreement is 31.52%
 "India to cut tariffs on 3,142 items for Asia-Pacific trade bloc from July 1")
Tracking the trend: June crop sowing slips below 10-year average
The actual outturn of the monsoon will be vital for replenishing reservoir and ground water levels, and supporting timely sowing and eventual yields
 "Tracking the trend: June crop sowing slips below 10-year average")