A look at six indicators shows all of them have collapsed from positive growth in April to contraction in Sept
The Union Minister asserted that there will never be a recession in the country
Replying to a discussion on the economic situation, Nirmala Sitharman reeled out numbers to compare UPA and NDA
Once the consensus at officers level is reached then it will be put before GST Council meeting
She also said that she held discussions with credit rating agencies on their methodology to assess risk
A major reason why the government kept NRL outside the strategic sale of BPCL was its importance to the Assam Accord
Of the Rs 2.52 trillion, Rs 1.06 trillion was disbursed towards new term loans, while Rs 46,800 crore was towards new working capital loans
The Centre hopes that disinvestment proceeds will make up for some of the revenue shortfall that is expected this year
The company should get good suitors as it is sitting on good infrastructure and has a stable business outlook; the valuation seems attractive
Finance Minister Nirmala Sitharaman said privatisation of BPCL will be without the company's equity shareholding of 61.65% in Numaligarh Refinery in Assam
Central govt official says will release funds before end of this month
The government on Wednesday approved amendments proposed to the Toll Operate Transfer (TOT) model for national highways. The Cabinet Committee on Economic Affairs (CCEA) has given its approval to the amendments proposed in the TOT model by the National Highways Authority of India (NHAI), Finance Minister Nirmala Sitharaman said. Public-funded national highway (NH) projects that are operational and have toll revenue generation history of one year after the commercial operations date (COD) will be monetised through the TOT model, she said after the CCEA meeting. The monetisation will be subject to approval of the competent authority in the Ministry of Road Transport and Highways/NHAI on a case to case basis, she added. The corpus generated from proceeds of such project monetisation will be used by the government to meet its fund requirements regarding future development and O&M (operations and maintenance) of highways in the country. The model would facilitate efficient toll ...
It has also been decided to accede to the Hong Kong International Convention for Safe and Environmentally Sound Recycling of Ships, 2009, FM said
The government is also facilitating private imports and also relaxed phytosanitary and fumigation norms till December
The management control will continue to be retained with the government after considering equity held by other state-run companies in the divested firm
Govt's strategic divestment of BPCL will exclude Numaligarh Refinery; management control to be transferred to strategic buyer
Punjab is awaiting Rs 2,100 crore as compensation while arrears stand at Rs 2,000 crore
From Sitharaman to meet heads of public and private banks to Sovereign Gold Bonds subscription, Business Standard brings you top events of the day
State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore
Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020