Economy News - Page 30

Bank NPAs: Mission to infuse capital in banks not the last step, says FM Arun Jaitley

Arun Jaitley said the government was making all efforts to ensure that the health of the banking sector improves and the banks are repaid

Food wastage: Govt's proposal to fix portions served at hotels is hare-brained; here's why

Ram Vilas Paswan's proposal to fix dish sizes at hotels is simplistic to say the least

GST: Why Chidambaram is right in his warning to Arun Jaitley on a hurried 1 July rollout

There are five issues P Chidambaram has raised regarding the GST rollout; Arun Jailtey would do well listening to his predecessor's warnings

Cyber attack on Union Bank of India similar to Bangladesh heist, says WSJ report

The attack happened after a Union Bank of India staff opened an email attachment releasing malware that allowed hackers to steal the bank's data

Farm loan waiver: Can Devendra Fadnavis walk his talk post Yogi Adityanath’s googly?

Fadnavis is bang-on about his primary assessment on the issue and rarely does a politician dare to put prudence above political populism on subjects concerning a large number of potential voters.

Aadhaar-PAN linking: Govt proposes changes to ease process but renders it futile; here's why

Aadhaar has been issued to 111 crore people but PAN only to 25 crore people out of whom there are just six crore taxpaying persons.

Tax evasion of more than Rs 1.37 lakh cr detected in last 3 years

Warning tax evaders, Revenue Department said the relentless crusade against black money will be further intensified in the coming days.

Basic income to plug welfare leakage: J&K wants to experiment, will others follow too?

How long should `welfare’ be allowed to be a cloak for unchecked leakage, diversion and corruption from government programmes?

GST done: Now can Jaitley, Manmohan Singh take political consensus ahead for more reforms?

The global perception on India’s slow-paced progress on big ticket reforms is set to change to a considerable extent with the GST becoming a reality.

NEFT transfer to get quicker as RBI cuts clearance time; settlement cycle reduced to half-hourly batches

This will enhance the efficiency of the NEFT system and add to customer convenience, deputy governor Kanungo said.

Reserve Bank of India moves to cut system's excess cash to help contain inflation

India's consumer inflation climbed to 3.65 percent in February from a year earlier, from its lowest levels in at least five years.

Finmin wants to cut EPF rates by 50 bps: Will it give way to better investments?

The Finance Ministry has been following the cost reduction approach in the process spurning and undermining the more demanding income-enhancement approach.

RBI monetary policy takeaways: What the central bank thinks of growth, NPAs, liquidity

Given that banks have closed their accounts in March, the market was keen to get a clear number on the demonetisation exercise in terms of the return of old notes to the system.

Rail Regulator: Will populism be put aside to hike passenger fares, rationalise freight rates?

The cost of transporting freight is only 99 paise per 10 km but the charges the Railways levies are Rs 1.60 per 10 km. But on the passenger side, charges are a mere 50 percent of the cost of service – 36 paise per 10 km against the actual cost of 70 paise per 10 km

Aadhaar-PAN card mismatch is real pain for some; why linking the two was a flawed step

The fundamental issue with the Aadhaar is that its scope is being widened by the government to areas where it was not intended to

RBI monetary policy: Urjit Patel’s continuing silence on demonetisation deposits is disturbing

This is the fifth month of demonetisation. Urjit Patel cannot give excuses any longer

RBI Monetary Policy: Experts hail status quo on repo rate, continuance of neutral stance

The Reserve Bank of India kept its repo rate at 6.25 percent for a third consecutive policy meeting

RBI monetary policy: Urjit Patel warns against loan waivers, says they are a moral hazard

Farm loan waiver undermines honest credit culture and entails transfer of taxpayers' money, Urjit Patel has cautioned

RBI policy: Repo rate unchanged at 6.25%; full text of the MPC statement

The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 percent, while supporting growth.

Why most women are afraid of financial autonomy and leave the money talk to men

Where would women learn to talk money? It doesn’t happen at home.

RBI policy: Rate unchanged; central bank sees upside risks to inflation due to El Nino

The move is on expected lines

Global Natural Resources Conclave Day 1: Industry SWOT analysis gives thumbs-up to Narendra Modi

The panelists opined that the strength vis-a-vis opportunities could help the Modi government in achieving its growth target and India can emerge as a leader in the field mineral and energy resources in the world.

Liquor ban on highway: Hoteliers pin hopes on government to find a solution

The Supreme Court has ordered closure of the liquor vends within 500 metres along the national and state highways from 1 April. The SC, in its order on Friday, made it clear the ruling would also cover bars, pubs and restaurants as drink-driving leads to fatal road accidents

Services sector activities rises for second straight month in March

The Nikkei India Services Purchasing Managers' Index (PMI), which tracks services sector output on a monthly basis, rose from 50.3 in February to 51.5 in March.

Unitech MD Sanjay Chandra, brother Ajay arrested for money laundering

The arrest relate to money laundering, cheating buyers who had booked flats in Chandra's Greater Noida real estate project, non-completion of project and non-refund of money with interest

RBI policy: Forget rate cut, watch out for Urjit Patel's comments on note ban, NPAs, liquidity

The details of old currency notes deposited with banks is long overdue from the Reserve Bank of India

H-1B visa memo to have little impact on Indian IT cos: Nasscom

Seeking to play down the impact on outsourcing companies, Nasscom said the memorandum "reinforces existing practice by adjudicators and clarifies requirements for certain computer professionals".

Global Natural Resources Conclave Day 1: Make in India won't succeed if we don't have makers in India, says Rajiv Pratap Rudy

By leveraging economic resources with human capital for a high rate of growth, India's mission to skill 400 million by 2022 is taking shape

Global Natural Resources Conclave Day 1: Ministers hard sell govt’s policies to push PM’s economic agenda

Lack of natural resources will make us completely immobile, said Railway Minister Suresh Prabhu