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Economic Survey 2019: ‘Cut investor risks, cost of capital and judicial backlog; fix policy uncertainties’

‘Force MSMEs to grow by phasing out size-based sops’; fiscal space of states allows short-term stimulus

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NPA mess: Urjit Patel slams RBI, government over pre-2014 role

Former Reserve Bank of India (RBI) governor Urjit Patel, who remained tight-lipped during his tenure, has come down heavily on the government and regulators. In a recent presentation at a conference i

NPA mess, Urjit Patel RBI News

Taking stock: Tata Motors halves Tiago, Tigor output

Tata Motors had produced more than required stock of Tiago and Tigor in the preceding months since they are one of the highest selling models from the company’s stable.

tata motors, jaguar landrover, tata nexon, tata cars News

FDI rules violation: ED summons executives from Etihad in JetPrivilege case

In 2014, the Abu Dhabi-based based carrier had picked up a 50.1% stake in Jet’s frequent-flyer programme for $150 million (over `900 crore at that time).

Jet Airways, Jet Airways crisis, Hindujas, Hinduja group, Etihad Airways, grounded airline, ed jet airways News

Maruti discount practice under scanner as CCI orders probe

In its order, the CCI has observed that Maruti has indulged in resale price maintenance by fixing the maximum discount which its dealers could offer to end-customers.

maruti, maruti suzuki, automobile sector, automobile industry News

India Inc stares at higher labour costs

Last year saw one of the steeper hikes in kharif MSPs (4-52%), as a poll-bound government unveiled the new policy and MSPs 50-97% higher than the full paid-out costs (A2+FL).

India Inc, labour costs, high labour costs, benchmark prices, Bill on Wage Code News

Rahul Gandhi resigns as Congress president, no new successor announced

In a four-page statement which he uploaded on Twitter, Rahul, who took charge of the Congress in December 2017, called for accountability in the party.

Rahul Gandhi, Rahul Gandhi resigns, Congress president, congress, Lok Sabha elections, india news

MSME loans: Banks stare at slippages of Rs 15,000 crore

These loans would have turned non-performing assets (NPAs) a long time ago had the Reserve Bank of India (RBI) not given banks a breather.

Bad exposure, Banks, MSME loans, Reserve Bank of India, non-performing assets, banking news

Kalpataru to sell stake in 3 assets to CLP India

Kalpataru’s equity holding in Kohima Mariani Transmission is 74% and balance 26% equity is held by Techno Electric & Engineering Company.

Kalpataru, Kalpataru stake, CLP India, Kalpataru Power Transmission, Kalpataru Satpura Transco, Alipurduar Transmission News

Sebi seeks seat on RBI board, more powers

The capital market regulator’s move comes amid crisis in the loosely-regulated NBFC sector that has adversely impacted some debt mutual funds which are directly regulated by it.

sebi, rbi, rbi board, capital market regulator, Reserve Bank of India, RBI Act 1934 News

Bhushan Power: Supreme Court paves the way for takeover by JSW Steel

The vacation bench of the high court had issued these directions after the principal bench of NCLT at New Delhi had reserved its judgment on a resolution plan for BPSL.

Supreme Court, JSW takeover, Delhi bench, National Company Law Tribunal, Bhushan Power and Steel News

Telecom fix: Ravi Shankar Prasad seeks cut in licence fee, refund Rs 30, 000 cr of stuck GST

In a letter to finance minister Nirmala Sitharaman outlining his Budget proposals for the sector, Prasad has urged for reduction in licence fees by a fourth.

Telecom fix, licence fee, licence fee cut, GST, Ravi Shankar Prasad, Nirmala Sitharaman News

Fix gold bond scheme to save precious forex

While gold is fully liquid, buyers can redeem the bond with the government only after five years; they can sell the bond in the secondary market, but that hardly exists.

gold, gold bond, gold prices, gold bond scheme, commodities News

Budget 2019: How Modi government can dispel ‘jobless growth’ notion, boost labour-intensive sectors

Budget 2019-20: Keen to soften the blow for the MSME sector that was hit by the double whammy of demonetisation and the goods and services tax (GST), finance minister Nirmala Sitharaman could also hee

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Family silver: Modi govt chalks out grand plan to monetise assets

With the tax revenue growth tapering, the Centre will tap non-tax sources of revenue with unprecedented vigour over the next few years. According to official

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Ola Electric gets $250 million push from SoftBank

“Celebrating five years of strong partnership, looking forward to the years ahead. Very excited about our partnership to build mobility and electric mobility for India and the world,” Bhavish Agga

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Homebuyers move Supreme court against Jaypee liquidation

The homebuyers have also sought an “independent and thorough forensic audit of JIL”, since its incorporation so as to track diversion of funds.

Jaypee Infratech, Jaypee Infratech insolvency, Jaypee Insolvency, supreme court, National Company Law Tribunal News

Adani Power gets SC relief for GMDC’s lapse too

The court asked the central power regulator to issue the relevant tariff order within three months after the power major approached it with a plea.

Adani Power, Supreme Court, Gujarat Urja Vikas Nigam, Mundra plant, Gujarat Mineral Development Corporation News

Jaypee Infratech insolvency: NCLAT steps in to tweak NBCC’s bid

A three-member bench headed by chairman Justice SJ Mukhopadhyaya directed representatives of banks, allottees and other stakeholders to appear before it on July 17 to consider how NBCC’s bid can be

Jaypee Infratech., Jaypee Infratech insolvency, NCLAT, NBCC, stakeholders, industry news

GST completes two years: Fewer rates, wider net key to economic gains

In the place of a complex system that included multiple taxes at the Central, state and local levels, there is now a comprehensive tax subsuming most of the important indirect taxes.

GST, GST Return, Number of GST return filers, GST collection News

Power play: Discoms to gain as tariffs to soon reflect all costs

In a meeting held here on Monday to prepare a “five year vision document” for the electricity sector, power minister RK Singh is learnt to have informed the regulators of the move.

Discoms, Discoms traffic, Power regulators, regulatory assets, tariff policy, industry news

DHFL crisis: Bankers agree to sign inter-creditor pact

At Monday’s meeting, which was called by Union Bank of India, lenders decided that June 29 would be the  ‘reference date’ for DHFL.

DHFL, DHFL lenders, inter-creditor pact, Dewan Housing Finance, exposure of banks, industry news

Bumpy ride: Car sales in slow lane for 12th straight month

Maruti Suzuki chairman RC Bhargava earlier said loans have become more expensive since the second half of previous fiscal, which might continue impacting consumers for the next few months.

Car sales, consumer interest, passenger vehicles, carmakers, Axis Capital, Maruti Suzuki, Tata Motors, Mahindra & Mahindra News

NBFC crisis: RBI likely to get more regulatory powers

Earlier, the central bank has taken steps to enhance its supervision of NBFCs, such as increasing the periodicity of monitoring their books to 12 months from 18 months.

RBI, RBI powers, non-banking financial companies, NBFCs, supervisory powers, Reserve Bank of India Act, banking News

Bank loan growth hit by consumption slowdown

The growth in banks’ retail loan portfolios has been on a downward trend since November 2018, data from the Reserve Bank of India (RBI) show.

Consumption, loan book, loan book growth, passenger vehicles, banking news

Budget 2019: Streaming services, blogs may attract ‘Google tax’

Budget 2019-20: The government collected over Rs 550 crore from the equalisation levy in FY18, nearly thrice the amount of Rs 200 crore collected in 2016-17.

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Govt may use small saving fund money to finance deficit

The government’s reliance on NSSF has only grown in recent years. From just 1.8% in FY13, NSSF funds financed 19.7% of fiscal deficit in FY19 and are budgeted to contribute 18.5% of the deficit in F

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