ENS Economic Bureau

Articles By ENS Economic Bureau

255 Articles

Long-term insurance policy applicable only for new vehicles: IRDAI

According to the clarification by IRDAI, existing vehicles are only going to get insurance cover for one year on renewal whereas, it will be compulsory for new private cars to go for the three-year policies. On the other hand

Car News

As hostilities rise, Pakistan shuts airspace, India lifts partial shutdown

Pakistan, which had initially imposed restrictions on flights originating from and headed to India, fully closed its airspace by evening.

Airlines/Aviation News

Slaughter for meat: Animal markets can’t be used any longer for buying or selling cattle

The rules require the seller as well as purchaser to give an undertaking that the cattle being sold or bought was not meant for slaughter.

Animal markets, pashu haat, pashu mela, buy cattle, slaughtering cow, environment ministry, cruelty to animals, bulls, cows, buffalos, camels News

Was Arvind Subramanian in loop on demonetisation? CEA says ‘Speak only when you can improve upon the silence’

The large pile-up of non-performing assets of state-owned banks is a “very hard” problem and the government has been in some ways little behind the curve, chief economic adviser Arvind Subramanian said.

Economy News

Post-Rexit, Subramaniam Swamy targets Arvind Subramanian

But this time, the government responded almost immediately. Finance minister Arun Jaitley mounted a strong defence of Subramanian — he was appointed by the government in October 2014 — and pointed out that the BJP too did

Economy News

Corporate bond market: Time to look beyond bank borrowings for infra work

A report released by Crisil on Tuesday said that while India needs around Rs 43 lakh crore ($650 bn) for infrastructure build-out over five fiscals to 2020, the country must look beyond the banks.

Corporate Bond market, Indian markets, non performing assets, Arun Jaitley, finance minister News

Mallya-like episode impossible under new Bankruptcy Code: TK Viswanathan

Former Union law secretary TK Viswanathan said the law also allows workers of a company to initiate voluntary liquidation proceedings.

Banking & Finance News

Link between Robert Vadra, arms dealer, London house, says news report

Robert Vadra’s lawyers deny any link with dealer.

robert vadra News

Unsold inventory in NCR jumps to 2.67 lakh units despite growing demand for affordable housing

Despite a 13 per cent growth in sales in the fourth quarter ended March 2016, led by demand in the affordable housing category, the National Capital Region (NCR) witnessed a rise in unsold inventory by almost 14 per cent to h

Mid-segment favourite among home buyers in first half of 2016 in Delhi-NCR, affordable housing declines News

Acceleration of last year may not continue in the current fiscal as pvt investment still away

If roads sector witnessed major initiatives from the government in terms of fast-tracking of road development over the last one year, the report states that progress has not been at desired pace due to sluggish economic recov

While the government has announced a number of big impact schemes, the focus should now be on creating linkages between various departments and roping in stakeholders with different types of expertise News

Blackmoney: Govt unearths indirect tax evasion of Rs 50,000 crore in two years

Finance Ministry said the crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.

Left with Rs 5,000 at month end? Here are some money-making ideas News

Narendra Modi govt reform effect? Cement, fertilisers slowly shedding debt burden

According to a report, based on the study of corporate results of 200 companies, around 60 companies have reported an aggregate decline in debt levels of more than Rs 6,862 crore in the year ended March 2016.

Economy News

Indirect tax mop up grows 41 per cent on central excise spurt

Excluding the collections through additional resource mobilisation measures, indirect tax mop-up rose by 17 per cent in April.

Tax News

Centre pushes for affordable housing, black money curbs

The Finance Bill has also been amended to allow for extension of weighted deduction of expenditure incurred on notified agricultural projects till March 31, 2020 as opposed to March 31, 2018 proposed earlier.

Arun Jaitley News

House panel to govt: Name all those who got govt banks to write off debt

The committee, attached to the Ministry of Finance, held its second meeting on Wednesday which was attended by Finance Minister Arun Jaitley. Some members also suggested that a committee be constituted to finalise the recover

Arun Jaitley News

Residential real estate: After dark quarters monsoon clouds may shower growth

While the sector continues to remain troubled with issues of high unsold inventory, delayed delivery of projects and financial stress on developers, the only segment that showed some signs of a rebound was the affordable hous

Indian economy News

Idea Exchange: Sunil Khilnani- author of Idea of India-says recent events troubling investors

Author-historian Sunil Khilnani on the 50 ‘angry men and women’ of his latest book Incarnations, why India has a ‘small time horizon’ to seize the moment, the connection between inequality and ‘some of the politic

India News

As Assam, West Bengal vote, Rajan asks why cash with public grows during elections

The rise in cash with the public despite deposit growth for FY16 at 9.9 per cent being the lowest since 1962, and inflation too being low. “You can see that there is a spike not just in the state going to polls but also in

Raghuram Rajan, rbi, rbi Raghuram Rajan, corporates borrowings, Raghuram Rajan on corporate borrowings, rbi on corporate borrowings News

The Panama Papers: Narendra Modi steps in; I-T, RBI panel to probe offshore money trail

ANNOUNCING it was acting on the directions of the Prime Minister, the government said Monday it was constituting a special multi-agency group to look into all cases of Indians setting up offshore entities in tax havens after

The Panama Papers: Narendra Modi steps in; I-T, RBI panel to probe offshore money trail

100 per cent FDI in e-commerce: New entrants may push demand for office space, warehousing

On Tuesday, the government clarified its policy on foreign direct investment (FDI) in e-commerce and online retail consumer businesses that operate as marketplaces.

Economy News

Banks gave money to Vijay Mallya, they have to get it back: P Chidambaram

Chidambaram said GK Pillai, the then Union home secretary, had seen the papers pertaining to Ishrat Jahan encounter case at least thrice and questioned why only those papers which can call Pillai’s bluff have gone missing n

Economy News

Budget 2016: Union Budget in December? Top 5 points to know

Budget 2016: In an unusual move, PM-appointed secretaries' panel on 'Innovative Budgeting' came out with an 11-point recommendation on innovative budgeting. The panel wants the annual Budget to be unveiled mid-December rather

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Realty market: Unsold stock weighs down sales uptick

While sales across eight cities, including Delhi, Mumbai and Bengaluru saw a rise, the sector has little to celebrate as unsold inventory rose 21%

Economy News

Idea Exchange: ‘See how many with master’s degree apply for clerk’s job… That’s what colleges are creating’

S Ramadorai underlines the importance of vocational training along with education, says the change has to start from parents, and explains why, in the absence of any standards or data, and because of the number of people in t

Idea Exchange: ‘See how many with master’s degree apply for clerk’s job… That’s what colleges are creating’

7th Pay Commission: Fresh hope for realty demand

7th Pay Commission: After witnessing sliding profits over the past three years, the residential real estate market is in desperate need of a stimulus to revive the sector.

7th pay commission, 7th pay commission pension, 7th pay commission pay, 7th pay commission pensions and salaries, 7th pay commission latest news

Lower rate, scrap 1%: Panel helps Centre’s GST hardsell

A government panel headed by Chief Economic Adviser Arvind Subramanian set up to decide on the goods and services tax (GST) rates has recommended a revenue-neutral rate (RNR) of 15-15.5 per cent, with a standard rate of 17-18

gst bill News