Economy News and Government Policy News: Get latest Indian economy news, government policy news, world economy news, Indian economy, GDP growth rate, trade news, economic growth rate at Business Standard.
Updated: 39 min 27 sec ago
NITI Aayog Vice-Chairman Rajiv Kumar also said there was no business of the government to hold back payments to companies.
Calls for a fiscal boost from the government for sectors like automobiles have been growing in the past few weeks after the budget from Nirmala Sitharaman failed to provide support
Decision against hiring private fund managers
Health ministry's plan would deal a blow to U.S.-based Juul Labs Inc, which is hoping to launch its e-cigarette in India.
Explaining the reason for the stress in the financial sector, Kumar said the slowdown started with indiscriminate lending during 2009-14, leading to rise in NPAs post 2014
The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009
The Supreme Court in March 2018 scrapped licences given to mining companies in the state.
Earlier, the Union mines ministry had turned down a proposal of the Odisha government to increase the area limit of mining lease for iron ore
The layoffs were are at the mid-management level at HSBC centres in Pune and Hyderabad.
Also, the sudden drop in Chinese yuan led to increased volatility in emerging market currencies, including the rupee
The minister said MSME sector is likely to contribute 50 per cent to the total GDP in the next five years
The warnings come amid the gloomy news on the growth front, with GDP expansion sliding to a 5-year-low of 5.8 percent in March and expected to fall further in June quarter
The weak performance of property businesses and an acute liquidity crunch were cited as key reasons for rating downgrades
Former chief economic advisor Arvind Virmani and State Bank of India's group chief economic advisor Soumya Kanti Ghosh are likely to attend the event
Automakers have expressed apprehensions over the government's vigorous push to convert 15 per cent of all vehicle sales in the next five years into electric-powered ones
The draft also talks about creating school complexes which experts feel would only be successful in urban areas as it is in these areas that adequate teachers are available
What is telling is that large swings in the Indian business cycle are still not a thing of the past, despite the adoption of inflation targeting in India
He also said it will be only investment and not consumption that will help the economy grow
Besides, the Employees' Provident Fund Organisation (EPFO) also approved a proposal for early redemption of its investment of around Rs 700 crore in bonds of DHFL
At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 0800 hours to 1800 hours