Economy

While much of the slowdown in economic growth in the second quarter can be attributed to systemic and structural issues such as a base effect and the impact of rising oil prices, the impact of election season and the corresponding uncertainty on investment sentiment cannot be ruled out, according to …

Leh, Kargil solar unit tenders likelyThe government is planning to issue tenders for 7,500 MW of solar projects in the Leh and Kargil region of Jammu and Kashmir (J&K) by December 15.As part of the initiatives under the National Solar Mission, the Ministry of New and Renewable energy (MNRE) has …

Shares of home loan firms went up on Friday after the Reserve Bank of India eased norms for securitisation, which would help the companies raise more funds.On Thursday, RBI decided to relax the Minimum Holding Period (MHP) requirement for NBFCs, as they are now allowed to securitise loans of more …

The National Company Law Appellate Tribunal (NCLAT) rejected a plea by the insolvency professional against Union Ministry of Coal’s termination of mining agreement with Monnet Ispat & Energy Ltd., citing the moratorium period under the insolvency and bankruptcy code (IBC).The company was brought under the insolvency process in a case …

Mergers and amalgamations are set to turn costlier for corporates in Tamil Nadu, thanks to a circular clarifying the applicability of stamp duty on transfer of property under the Companies Act.A circular issued by the Inspector General of Registration in Chennai on November 20 said that the scheme of arrangements …

The government on Wednesday released the GDP growth estimates for previous years based on the new method of calculation and base year it had adopted in 2015. The new data and the manner in which it was released led to criticism from various quarters, including Opposition political parties and economists …

India’s fiscal deficit in the first seven months of the financial year, at Rs. 6.49 lakh crore, exceeded the budgeted target for the entire year, coming in at 103.9% of that target, according to official data released on Friday.The fiscal deficit was 96.1% of the budgeted amount in the same …

The government has decided to transfer more than half of Air India’s nearly Rs. 55,000-crore debt into a special purpose vehicle (SPV) to help the airline cut expenditure on servicing the huge loan, R.N. Chaubey, Secretary, Ministry of Civil Aviation, said. “More than Rs. 29,000 crore will be moved from …

Attempts to reason why it was popular and did not affect economic growth more It’s not convincing to argue that the poor were willing to ignore their own hardship during demonetisation, since the rich and the corrupt were undergoing greater hardship, former Chief Economic Adviser Arvind Subramanian writes in his …

Relaxes holding period for securitisation of loans to six months from one year In a move to make more liquidity available to non-banking finance firms, the Reserve Bank of India has relaxed the securitisation norms by relaxing the minimum holding period requirement. The move follows a demand from the government …