Page 897 - Economy & Policy News

India's G20 presidency: What this means for the country's place in world

India will assume the presidency of the G20 on December 1

Statsguru: Six charts explain IMF's warning on the global economy

The cost of borrowing is going up for emerging markets and budget constraints are increasingly making their effects felt

State-owned NBFCs looking to tap into India's first sovereign green bonds

The finance ministry is yet to confirm their participation and draw broad contours of the bond issuance

Replacing 'phone banking' with 'digital banking' promoted growth: PM Modi

Prime Minister Narendra Modi on Sunday attributed India's sustained economic growth to the efforts of the BJP government to replace pre-2014 'phone banking' with 'digital banking'

Coal to be back again as gas becoming unaffordable: FM Nirmala Sitharaman

Given the global energy crisis, Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable

Banking sector medium of good governance, better service delivery: PM Modi

Emphasizing India's strides towards financial inclusion and digital economy, PM Narendra Modi said banking sector has become a vehicle for good governance and better service delivery in the country.

Court rules to pay NSEL small traders up to Rs 20 lakh, excludes corporates

In a big win for small traders, the Maharashtra Protection of Interest of Depositors court has directed the Competent Authority to make a graded distribution only to about 2,040 individual traders

India aims to develop tech-driven crypto regulatory framework: Sitharaman

India is aiming at developing standard operating procedures for cryptocurrency during its G20 presidency next year, Finance Minister Nirmala Sitharaman has said

PE investments in retail real estate down 63% to $303 mn in Jan-Sep: Report

Private equity investments in retail real estate space fell 63% to $303 million during January-September as investors were concerned about possible impact of high inflation on consumption

Reform to boost FDI opportunities to $475 bn in 5 years: EY-CII report

India's focus on reforms and economic growth will give rise to foreign direct investment opportunities of $475 billion in the next five years, a report said

PM Modi to launch 75 digital banking units across 75 districts today

With an objective to boost financial inclusion, Prime Minister Narendra Modi will launch 75 Digital Banking Units (DBUs) today via video conferencing.

Indian Rupee has performed much better, says FM Nirmala Sitharaman

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman said that Indian Rupee has performed much better than many other emerging market currencies

Inflation 'manageable' at 7.4%, love to see it down to 4%, says Sitharaman

However, anticipating critics, Sitharaman added that the government is working to bring it down under 6% and would like to bring it down under 6% and "ideally" to 4%

Govt notifies 12% wage hike for employees of PSU general insurers

The Finance Ministry has notified an average 12 per cent wage hike for employees of four public sector general insurance companies effective from August 2017.

Centre hikes windfall tax on domestic crude oil, jet fuel and diesel export

The govt has hiked tax on domestically produced crude oil to Rs 11,000 per tonne from Rs 8,000 per tonne.

Aadhaar enrolment for newborns to be expanded to all states in few months

Aadhaar enrolment for newborns along with birth certificates is expected to be available in all states in the next few months, expanding beyond 16 states currently offering the facility

PM Modi to release funds worth Rs 16,000 cr during PM Kisan Samman Sammelan

Prime Minister Narendra Modi will inaugurate "PM Kisan Samman Sammelan 2022" on October 17 at Indian Agricultural Research Institute in the national capital

Rajasthan CM Gehlot approves Rs 35 crore for gyms, fitness centres in state

Rajasthan Chief Minister Ashok Gehlot has approved Rs 35 crore to set up state-of-the-art gyms and fitness centres at all divisional headquarter cities/towns

Major rail infra project commissioned; boost to AP coastal economy

The South Central Railway (SCR) has completed and commissioned a major 221-km rail line doubling and electrification project that could give a boost to agro and aqua economies in Andhra Pradesh

India has been a leader in digitalisation over last few years: IMF official

India has been a leader in digitalisation over the last few years and has overcome some of the administrative bottlenecks through increased innovation, a senior IMF official said