Policy

In its latest forecast, Fitch Ratings, a global ratings agency, has lowered India’s GDP growth forecast to 7.2 per cent for fiscal 2018-19. In its previous forecast in June, the agency had...
Dec 07, 2018
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The Pradhan Mantri Awas Yojana - Urban (PMAY-U), being implemented by the Ministry of Housing and Urban Affairs under the mission ‘Housing for All by 2022’ since June 2015, needs a concerted push...
Dec 06, 2018
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In its fifth bi-monthly monetary policy review, the Reserve Bank of India (RBI) has kept its policy rates unchanged and cut its inflation forecast for the rest of the financial year, citing a sharp...
Dec 06, 2018
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The RBI will provide another set of cash in December by infusing ₹40,000 crore into the system through open market operations (OMOs).   “Based on an assessment of the durable liquidity needs...
Nov 28, 2018
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Starting 1 April 2019, large companies will have to raise 25 per cent of their incremental borrowings through the corporate bonds market, said Sebi in a circular on Monday.   For those who...
Nov 27, 2018
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Singaporean lender DBS sees the Reserve Bank holding the rates for the remaining part of the fiscal year ending March 2019, according to a report  the Financial Express. DBS also predicts that the...
Nov 26, 2018
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There is likelihood of four-slab GST rate structure to be reduced to three, said the Prime Minister's Economic Advisory Council (PMEAC) chairman Bibek Debroy.   He said while launching a book "...
Oct 29, 2018
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The government is mulling  altering various sections of the Companies Act in a bid to simplify the law that came into force in 2013, according to media reports. The reports said the ministry of...
Oct 24, 2018
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The Insolvency Law Committee (ILC) submitted its second report to the government on Monday, which deals with cross border insolvency. The committee was constituted by the Ministry of Corporate...
Oct 23, 2018
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The Indian cargo industry needs to grow at a rate of about 12.9 per cent every year from 2018 to 2027 to achieve National Civil Aviation Policy (NCAP 2016) vision of reaching cargo volumes of 10...
Oct 22, 2018
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The growth of non-bank financial companies will be a thing of the past, with revelation of money market defaults by Infrastructure Leasing & Financial Services (IL&FS).   NBFCs roped in...
Oct 08, 2018
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In its fourth bi-monthly monetary policy statement of 2018, the Reserve Bank of India (RBI) has kept the repo rate (key lending rate) unchanged at 6.5 per cent.   The move to maintain status...
Oct 05, 2018
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The government will decide whether the ousted directors of Infrastructure Leasing & Financial Services (IL&FS) can retain board memberships at other companies or take up new ones, a senior...
Oct 03, 2018
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With rupee slumping to all time low, steel ministry has proposed duty hike on import of some steel products to 15 per cent, said a Reuters report quoting two sources.   The current import rates...
Sep 20, 2018
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The government has given its go ahead for the merger of three public sector banks (PSBs) – Bank of Baroda, Vijaya Bank and Dena Bank.   The Alternative Mechanism headed by Union Finance...
Sep 18, 2018
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India has again deferred imposition of higher tariffs on some goods imported from the United States till November 2, a Reuters report said, specifying a government order.   This happens to be...
Sep 18, 2018
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With as much as Rs 80,000 crore stuck in litigation, the telecom department mulls framing plans, so that disputes with operators are minimised, said people with knowledge of the matter told ET...
Sep 13, 2018
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The state lender, Punjab National Bank (PNB), has put nearly two dozen non-performing accounts (NPAs) on sale to recover over Rs 1,320 crore.    The scam-hit bank has a wing to look into the...
Sep 13, 2018
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The capital market regulator, Securities and Exchange Board of India (Sebi), chairman Ajay Tyagi, on Tuesday, expressed on the need for greater governance norms to keep the faith and trust of...
Sep 12, 2018
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Reserve Bank of India (RBI) deputy governor Viral V Acharya has called for a new law that can help set up the proposed public credit registry (PCR), which can fix wrongdoings in the financial data...
Aug 21, 2018
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India should focus on increasing its exports to the US and China markets, taking advantage of trade war between both countries, said the Confederation of Indian Industry (CII).    With the US...
Aug 06, 2018
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With surplus liquidity in the banking system, the banks should not rush into increasing their lending and deposit rates despite the Reserve Bank of India raising the benchmark, repo rate, the...
Aug 06, 2018
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The Goods and Services Tax (GST) Council might replace the 12 per cent and 18 per cent slabs with a 14-15 per cent rates, said Bihar Deputy Chief Minister Sushil Modi.   He said while...
Aug 03, 2018
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The Reserve Bank of India (RBI), in its third policy statement of 2018-19 announced today, has hiked key interest rate by 25 basis points to 6.5 per cent.   "On the basis of an assessment of...
Aug 01, 2018
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The new e-commerce policy will be finalised soon, a top government official has said.    “We don’t want to continue with the vacuum in the e-commerce policy space,” said Anup Wadhawan, Special...
Jul 31, 2018
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The country needs to improve its human development index (HDI), in order to achieve a double digit growth rate of around 10 per cent, said Niti Aayog CEO Amitabh Kant.   "We are growing at...
Jul 30, 2018
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The tax officials in states and Union territories will hold discussions with trade, industry bodies and small scale industries, with an aim to understand their issues and grievances relating to...
Jul 27, 2018
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The Government of India will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 in order to align with Goods and Services Tax (GST) laws by end of this month, Bidyut Behari Swain...
Jul 26, 2018
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The Securities and Exchange Board of India (Sebi) might come up with new guidelines to boost listing of startups in the main platform of the two major stock exchanges in India.    People...
Jul 23, 2018
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The Ministry of Corporate Affairs (MCA), on Wednesday, put before public draft note on cross-border insolvency.    In a statement, the ministry said, "The MCA is keen to introduce a globally...
Jun 21, 2018
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The Department of Telecommunications (DoT) might give conditional go-ahead to the merger of Vodafone India and Idea Cellular today, say media reports.   The deal between the country's second...
Jun 18, 2018
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The Insolvency and Bankruptcy Board of India (IBBI) has penned down a regulation on fees payable to an insolvency professional and expenses incurred by him during the corporate insolvency...
Jun 14, 2018
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The United States Federal Reserve, on Wednesday, raised interest rates by 25 basis points.    With this, the Federal Reserve has hiked interest rates for the second time this year and the...
Jun 14, 2018
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The country's largest bank, State Bank of India, has planned to pursue a two-pronged strategy comprising portfolio reordering that will reduce the credit risk-weighted assets (CRWA) to total...
Jun 13, 2018
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The country's largest bank SBI will conduct auction of 12 non-performing accounts (NPAs) on June 25.   The move is aimed at recovering dues of over Rs 13.25 billion.   The accounts which...
Jun 11, 2018
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The Government of India appointed task force has identified nearly 2,25,910 shell firms, which will be removed from the register of companies in the current financial year.    As per an...
Jun 08, 2018
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Homebuyers will now be considered as financial creditors to real estate developers.   President Ram Nath Kovind has given his assent to promulgate an ordinance amending the insolvency law...
Jun 07, 2018
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The Reserve Bank of India (RBI), on Wednesday, hiked the key lending or repo rate by 25 basis points to 6.25 per cent.   Consequently, the reverse repo rate stands adjusted to 6.0 per cent, and...
Jun 06, 2018
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Given the rapid rise in the size of the US deficit, the US Federal Reserve must slow its plans to shrink the balance sheet, said RBI governor Urjit Patel.   "If it does not, treasuries will...
Jun 05, 2018
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The Government of India will hold discussions with the industry on electronics manufacturing related specifics in segments like automotive, defence, medical and power that are currently ruled by...
May 31, 2018
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Resevera Bank of India is set to announce its bi-monthly policy statement next week and the speculations are high if the central bank will raise interest rates.    Global firm UBS says there’s...
May 30, 2018
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The Finance Ministry has extended time till June 15 for stakeholders' comments on redrafting of the direct tax law.   The panel had, earlier in March, invited stakeholder comments till April 2...
May 29, 2018
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The government will place before Monsoon Session of Parliament several amendements related to goods and services tax (GST), PTI reported a senior official as saying.   "There are several...
May 29, 2018
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GST to be levied during final clearance of warehouse goods   Imported goods kept in bonded warehouses and later cleared from there will not face double taxation under GST.   In a circular,...
May 28, 2018
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The income tax (I-T) department has removed chartered accountants (CAs) from the list of authorised professionals to value shares of closely-held companies, says a Business Standard report.   ...
May 28, 2018
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India may hike duties by up to 100 per cent on 20 products imported from the US. These include products such as almonds, apple and certain motorcycles imported from the US. India told the WTO that...
May 21, 2018
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With an aim to tackle trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government announced that it would double the credit guarantee up to Rs 50,000 crore for 2018-19...
May 14, 2018
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The banks have asked the Ministry of Corporate Affairs to include bidding under the ‘Swiss Challenge Method’ in the insolvency code.   The move is aimed at curbing litigious bidders from...
May 11, 2018
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In order to enhance governance and provide greater transparency, the market regulator Securities and Exchange Board of India (Sebi) has notified changes in the governance norms for listed companies...
May 11, 2018
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Notwithstanding RBI deputy governor Viral Acharya's suggestion for a rate hike, the finance ministry does not find any scope for upward movement of interest rates.   “My sense is that interest...
May 04, 2018
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