Economy

PMC Bank Branches To Run As Unity Small Finance Bank Entities

PMC Bank Branches To Run As Unity Small Finance Bank Entities

Press Trust of India | Wednesday January 26, 2022, Mumbai

All branches of the crisis-hit PMC Bank will now function as the branches of the Unity Small Finance Bank Ltd with the completion of the takeover

Coal Ministry PSUs' Capex Rises 28.33%

Coal Ministry PSUs' Capex Rises 28.33%

Edited by Animesh Singh | Wednesday January 26, 2022, New Delhi

PSUs under coal ministry have recorded a capital expenditure of Rs 12,605.75 crore in the first nine months of the current financial year

International Monetary Fund Cuts India's Economy Growth Forecast To 9% For Current Fiscal

International Monetary Fund Cuts India's Economy Growth Forecast To 9% For Current Fiscal

Press Trust of India | Tuesday January 25, 2022, Washington

The International Monetary Fund (IMF) has cut India's economic growth forecast to nine per cent for the current fiscal year ending March 31, joining a host of agencies that have downgraded their projections on concerns over the impact of a spread of a new variant of coronavirus on business activity and mobility.

SEBI Notifies Stricter Norms For Appointment Of Listed Companies' MDs

SEBI Notifies Stricter Norms For Appointment Of Listed Companies' MDs

Press Trust of India | Tuesday January 25, 2022, New Delhi

As per Companies Act, 2013, the board cannot appoint a person who fails to get elected as a director at a general meeting as an additional director

Government Tweaks Spending Norms For Contingency Fund

Government Tweaks Spending Norms For Contingency Fund

Edited by Animesh Singh | Tuesday January 25, 2022, New Delhi

Government has changed spending norms for Contingency Fund of India, enabling 40 per cent of the total corpus to be with the expenditure secretary

Budget 2022: Exporters Seek Support Measures To Boost Shipments

Budget 2022: Exporters Seek Support Measures To Boost Shipments

Press Trust of India | Tuesday January 25, 2022, New Delhi

Exporters have demanded support measures, including enhanced allocations for RoDTEP scheme, high import duty on plastic finished goods, setting up of an Indian shipping line and reinstating exemption for duty free import of critical inputs for leather products, in the forthcoming Budget to promote growth of the country's outbound shipments.

Air India Likely To Be Handed Over To Tata Group On January 27

Air India Likely To Be Handed Over To Tata Group On January 27

Asian News International | Monday January 24, 2022, New Delhi

Air India is likely to be handed over to Tata Group by this weekend as the government has decided to complete the disinvestment process on January 27

Single Volume Economic Survey Likely This Year

Single Volume Economic Survey Likely This Year

Press Trust of India | Sunday January 23, 2022, New Delhi

The finance ministry is expected to come out with a single volume economic survey for 2021-22 projecting a growth of 9 per cent for the next fiscal

India's Economy Has Some Bright Spots, A Number Of Very Dark Stains: Raghuram Rajan

India's Economy Has Some Bright Spots, A Number Of Very Dark Stains: Raghuram Rajan

Press Trust of India | Sunday January 23, 2022, New Delhi

Economy has "some bright spots and a number of very dark stains" and government should target its spending "carefully", said Raghuram Rajan

Winners And Losers In India's 'Population Problem'

Winners And Losers In India's 'Population Problem'

Equitymaster | Thursday January 20, 2022

The India of tomorrow will create huge wealth building opportunities. Will you be prepared?

Foreign Investment Flows To India Slip 26% In 2021, Says UN Report

Foreign Investment Flows To India Slip 26% In 2021, Says UN Report

Press Trust of India | Thursday January 20, 2022, United Nations

Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said.

Budget 2022 Shouldn't Focus On Fiscal Consolidation Alone, Says SBI Economists

Budget 2022 Shouldn't Focus On Fiscal Consolidation Alone, Says SBI Economists

Press Trust of India | Thursday January 20, 2022, Mumbai

House economists at the nation's largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation as there is a need for more stabilisation measures to sustain the fledgling recovery.

Finance Ministry Asks Departments To Restrict Expenses With An Eye On Fiscal Deficit

Finance Ministry Asks Departments To Restrict Expenses With An Eye On Fiscal Deficit

Press Trust of India | Wednesday January 19, 2022, New Delhi

In a bid to maintain fiscal deficit within the targeted limit, finance ministry has asked ministries to restrict their expenses with revised estimates

Cabinet Okays Rs 1,500 Crore Infusion In IREDA

Cabinet Okays Rs 1,500 Crore Infusion In IREDA

Edited by Animesh Singh | Wednesday January 19, 2022, New Delhi

Government will infuse Rs 1,500 crore in the Indian Renewable Energy Development Agency Limited

Nirmala Sitharaman To Hold Media Briefing On 'Important Economic Issue'

Nirmala Sitharaman To Hold Media Briefing On 'Important Economic Issue'

Asian News International | Tuesday January 18, 2022, New Delhi

Union Finance Minister Nirmala Sitharaman is scheduled to hold a press conference on an 'important economic issue' in the national capital at 4.30 pm on Tuesday.