Page 2693 - Economy & Policy News

IBC committee has given good suggestion on homebuyers, says PP Chaudhary

He said the panel has given a good suggestion about treating home buyers as financial creditors

India's forex reserves rise by $1.21 bn to a life-time high of $426.082 bn

However, the country's gold reserves value remained stagnant at $21.48 billion

Time's ripe for an independent BRICS credit rating agency: S C Garg

Issues related to BRICS Contingent Reserve Arrangement (CRA) as well as BRICS Bond Fund were also discussed

Ahead of monsoon, rural economy at risk of slowdown over cash crunch

Farmers are facing huge problems in getting loans. For example, at the Amreli cooperative bank in Gujarat, loan disbursements are 90% less than usual, says Dileep Sanghani

GAIL to bring Gazprom LNG to India next month at reduced prices

This comes a few weeks after India's first LNG cargo from the US landed at Dabhol regasification terminal in Maharashtra

GST forms: Delinking of provisional credit with tax payment suggested

CII suggests an option be given to the recipient, in a case of default in payment of tax by the supplier, to pay the tax directly to the government

Govt panel starts work on proposed 5G blueprint, roadmap likely by June

The forum, chaired by Telecom Secretary, will hold its next meeting in mid-June

Long regulatory road before Delhi govt penalises discoms for power cuts

No independent agency will monitor defaults by discoms, who themselves have to keep record of such defaults and inform the government informed about them

Coal India likely to get its third chairman in eight months in Suresh Kumar

The government last year began the hunt for a full-time CMD of CIL and invited applications from professionals from PSUs as well as the private sector

PFRDA makes bank account, mobile number mandatory for NPS subscribers

PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System

India-Iran row over Farzad B gas field: Shipments fall over 15% in FY18

India, the world's third-biggest oil importer, shipped in a record 4.46 million barrels per day (bpd) oil in the fiscal year that ended in March to feed its expanded refining capacity

DeMO led to highest fake notes, over 480% jump in dubious deposits: Report

As part of FIU's detection mechanism to check black money generation post demonetisation, the report said that the liberalised scheme of opening bank accounts with minimum KYC requirements

P Chidambaram slams Modi govt on five-year high petrol, diesel prices

In a series of tweets, he said the government was clueless and floundering on the issue

As minutes reveal hawkish RBI line on rates, bonds in India set for rout

The nation's 10-year yield jumped as much as 17 basis points to 7.80%, while the rupee fell past 66 per dollar to the lowest since March 2017

India at the forefront of global growth in financial inclusion: World Bank

The report lists how the number of account holders in the country has risen from 35% of the adults in 2011 and 53% in 2014 to 80% in 2017

Is RBI leaning towards an interest rate hike? Minutes of meeting suggest so

A majority of the six-member panel flagged upside risks to inflation earlier in April when the central bank retained the benchmark repurchase rate at 6% as expected

Infrastructure lending is collateral damage in wake of bank scams

The entire process of financial closure for projects is likely to slow down, a problem for government's ambitious infra development goals

$8.63-billion advanced fighter aircraft project with Russia put on ice

NSA Doval tells Russian delegation that India shelving $8.63 billion deal

India, Taiwan may soon resume discussions on a free trade agreement

The two countries have cultural and economic centres in each other's territory but no diplomatic relations

RBI's resolution for bad loans impractical, says power minister R K Singh

Most of the stressed assets are either facing coal supply crunch or don't have any power supply agreement or both