The committee is also working on a formula to distribute resolution proceeds between financial and operational creditors and squeeze the scope for different interpretations of the same law by different authorities.
Trade ministers and negotiators of the 16 nations will have to present to their respective leaders which issue can or can’t be settled now so that appropriate announcement can be made at the leaders’ summit next month, ac
The idea is to expedite the resolution process and generate greater interests for the assets by making key information available to a wider pool of investors at the earliest so that they place bids quickly.
Technical negotiations for the RCEP deal were over when chief negotiators of various countries met in Vietnam recently, after 28 rounds of talks. Goyal will represent India at the Bangkok ministerial meeting.
RCEP is a proposed mega trade pact between the 10 Asean members, India, Australia, China, Japan, South Korea and New Zealand. According to initial estimates, it accounts for 25% of global gross domestic product, 30%
The move is aimed at allaying the domestic industry’s fears that any free trade agreement with China through RCEP (Beijing is a member) will result in massive dumping of highly-subsidised items, mostly diverted due to the o
Since the Budget 2019-20 hasn’t made any provision of funds for insurers, the department of financial services (DFS) will soon seek supplementary demand of Rs 12,000 crore for this purpose, the source added.
A source told FE that all aspects of the Mudra scheme — including geographical reach, bad loans and need for better features, enhanced access to the intended beneficiaries — are being reviewed by PSBs.
Economists said the record transfer in FY20, however, will offer the resource-hungry government — already struggling with subdued growth in direct tax collections — much-needed manoeuvring space to support sliding growth
As per the latest NITI Aayog calculations being cited for this purpose, crop loan disbursement to states far exceeded their cost of production in FY18, clearly suggesting a massive diversion towards other consumption purposes
As US-China trade tensions escalate, several big manufacturers who have facilities in China are keen to relocate, and as many are looking at Vietnam, India is hoping to get a slice of that pie as well.
Though the goods and services tax (GST) regime has subsumed a plethora of levies, some still exist (petroleum and electricity are still outside the GST ambit, while other levies like mandi tax, stamp duty, embedded central GS
The government is far from finalising details of its offshore bond sale plan, as it is in the process of working out various operational aspects and weighing potential macroeconomic impact of the move, a source told FE.
FE had reported last week that although the Jalan panel’s report was being edited after recommendations were finalised in its last meeting on July 17, it might seek views of the finance ministry again.