Prasanta Sahu

No exit route: Only two sick PSUs wound up since 2014 as closure plans are stuck

The under-achievement in liquidating terminally sick CPSEs is being ascribed to stay orders put by courts (mostly on petitions filed by workers’ unions and banks), delays in disposal of lands and other immovable assets and

Economy News

Farm relief: Modi government’s cash transfer to cover 90% of sown area

Cash transfer of Rs 4,000/acre in a year by the Centre for land-owning farmers appears to be the proposal that has gained the most traction.

Economy News

Fresh curbs by DIPAM on CPSE arms and JVs

The DIPAM’s contention is that investments in CPSE subsidiaries are often not giving any/enough returns to the government as the promoter.

Industry News

It is safe to allow slightly higher fiscal deficit, says FICCI president Sandip Somany

The Centre should keep spending momentum while the Reserve Bank of India (RBI) should immediately cut interest rates to support economic growth, as inflation rate is much below the projected level, industry body Ficci’s new

Industry News

Taxing times: Urban bodies may be allowed to raise taxes to meet Rs 40 lakh cr infra needs

According to official sources, these urban bodies may also be nudged to take steps to increase their own revenue by tapping other sources like trade licences, taxes on entertainment, mobile towers, solid waste user charges, w

Urban bodies finances, NITI Aayog, municipal bond market, Smart City Mission, gst, Finance Commissions News

No Quick Fix: Farm loan waivers no solution, says Niti Aayog member Ramesh Chand

l Feels Centre should ensure access to formal credit, efficient crop insurance

Farm loan waivers, Niti Aayog, Ramesh Chand, MSP rates, MSP policy, agricultural loans News

Fragmented India again? Son-of-soil policies threaten labour market

Many states turn strict in enforcing ultra-protectionist steps, some could take cue from MP’s recent move in the run-up to 2019 polls.

Economy News

Direct benefits: Fertiliser subsidies give big push to DBT

Helped by the transfer of fertiliser subsidies, direct benefit transfers (DBT) by the government have touched Rs 1.9 lakh crore so far this fiscal, the level achieved in the whole of FY18.

fertliser, DBT, direct bank transfer News

Farm loans: High disbursal than crop value hints at diversion

In 2015-16, the latest year for which state-wise value of crop output is available, farm loans of `1.05 lakh crore were disbursed in Tamil Nadu, 14% higher than the estimated value (at current prices) of the state’s crop in

loan waiver, farm loan waiver, farm loan News

Govt likely to sell 3-5% stake in NTPC via OFS

The Centre will likely sell 3-5% stake in NTPC soon through the offer-for-sale (OFS) route to garner between Rs 3,500-6,000 crore.

Industry News

Debt trap: Modi government to borrow Rs 27,000 cr to service earlier loan to FCI

To raise another Rs 27,000 crore from NSSF to service earlier loan; similar amount raised in 2017-18 too.

fci, modi government, National Small Savings Fund News

Lok Sabha election concerns: Modi government asks top ministers to speed up spending

With the interim Budget barely one-and-a-half months away, an election-bound government has asked key departments overseeing labour-intensive and infrastructure sectors not to curb the pace of spending this fiscal.

economy, modi government News

Niti Aayog meet: Economists call for rate cut, steps to boost liquidity

With retail inflation continuously undershooting the target, the Reserve Bank of India should immediately cut interest rate to support economic growth while taking measures such as lowering cash reserve ratio (CRR) of banks t

inflation, retail inflation News

Task force set up to find solutions for sugar industry

To reduce burden on the exchequer due to over-production of sugar, Niti Aayog has constituted a task force to suggest long-term solutions such as crop diversification to reduce adverse impact on ground water and aligning suga

sugarcane, sugar industry News

Disinvestment drive gathering pace: Receipts nearing FY19 target; to hit Rs 65,000 crore by Jan-end

Last year, the Centre’s disinvestment receipt was a record Rs 1 lakh crore including Rs 36,915 crore from sale of its 51% stake in HPCL to ONGC.

Economy News

To market: REC to hit market to fund Rs 19,000 cr PFC purchase

In an otherwise stressed sector, both REC and PFC reported robust profits in FY18 and paid hefty dividends.

Markets News

Mounting liabilities: Government to repay Air India’s Rs 12,000 crore debt

Despite fiscal constraints, the Centre is likely to provide Rs 12,200 crore from the Budget — half of it this fiscal and the balance in the next year — to retire 40% of the Rs 30,000-crore working capital debt of Air Indi

Industry News

Daily hospitalisation under PMJAY may double by January

The number of free hospitalization beneficiaries under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) may reach 6 lakh in the next one month from 3.7 lakh now, Ayushman Bharat CEO Indu Bhushan told FE.

PMJAY, Ayushman Bharat CEO, Indu Bhushan, National Health Agency, free hospitalization beneficiaries  News

Booster shot for economy: These 20 major state governments raised capex in April-September

At Rs 1.3L cr, H1 capex by 20 major states was up 16% y-o-y; with higher staff pay and farm loan waivers, FY19 fiscal targets look difficult

Economy News

G20 summit: PM Modi may flag West’s laxity on $100 bn climate fund

India will also impress upon world leaders about fulfilling the commitment made in the Bali round of trade negotiations to find a permanent solution for public food stock holding limit.

Economy News

Parliament’s winter session likely from December 10

With political parties busy campaigning for Assembly elections in five states, the winter session of parliament will likely commence on December 10.

India News

Government PSU dividend income may fall 20% short of budget this FY; here’s what PSU bosses say

Last year, dividend payouts by some CPSEs exceeded their net profits.

oil sector, oil industry, psu, nalco, ongc News

RBI vs Government: Parliament panel’s meeting with Reserve Bank governor called off

The parliamentary standing committee on finance has cancelled a crucial meeting with the RBI governor Urjit Patel that was scheduled to take place on November 12.

RBI governor Urjit Patel , rbi, parliament, urjit patel, modi government News

Budget 2018-19: Modi government may cut expenditure by Rs 50,000 crore

Move a small digression from NDA’s practice of not cutting budgetary expenditure; shortfall seen in disinvestment, telecom and GST receipts.

Economy News

Modi government’s selloff push: Sale of 10% stakes in GIC, New India Assurance may fetch Rs 10,000 crore

At current market prices, the offers for sale (OFSs) in both the state-run insurers could fetch the Centre a tidy sum — Rs 9,500 crore or thereabouts.

Economy News

Modi brings sops to small business, to unveil MSME package; these benefits on cards

In an outreach to micro, small and medium enterprises (MSMEs), Prime Minister Narendra Modi will likely unveil a package on Friday for these units, including an export credit subsidy.

MSME. MSME MSME LATEST NEWS, News

New MSME package: Banks to clear 90% of CPSEs’ dues on receipt of purchase

The plan would be implemented in a decentralised manner, so the decisions could be taken by even the middle-level bank management.

Industry News
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