Economy

The government wants greater involvement in the RBI’s decision-making as it feels the current practice leaves it out on many critical issues such as single-day default turning a loan into an NPA, sources said ahead of the crucial board meeting of the central bank.The Centre feels that as the representative …

India faces a potential sharp slowdown in credit availability as non-bank financial institutions face a possible credit squeeze even as the asset quality is stabilising, Moody’s said in its 2019 Global Emerging Market Outlook.“In India, an ample foreign exchange reserves buffer and very low external debt levels help provide greater …

The National Green Tribunal (NGT) on Friday directed automajor Volkswagen to deposit an interim amount of Rs. 100 crore with the Central Pollution Control Board (CPCB), following a plea that alleged that the company used “cheat devices” in emission tests in its diesel vehicles.A bench headed by NGT Chairperson Justice …

One important reason for the delay in releasing the back series of the GDP data is the fact that the government took so long in appointing a new Chief Statistician of India, a former government official told The Hindu .The NITI Aayog, earlier this week, said that it would hold …

More than Rs. 400 crore worth of electoral bonds were sold by the State Bank of India (SBI) in the 10-day window of October, a sharp rise from the Rs. 32 crore worth of bonds sold in the July tranche, according to data the bank released under the Right to …

Crop sowing in the ongoing winter (rabi) season is lagging behind this year, with the acreage sown of most major crops lower than usual for this time of year. Overall, 21% less acreage has so far been sown, according to the data released by the Agriculture Ministry on Friday. Wheat, …

If the civic body has its way, property owners who have violated building bylaws may have to pay a hefty tax. The Bruhat Bengaluru Mahanagara Palike (BBMP) has proposed to double the property tax for owners who have deviated from the approved plan. Civic officials who turned a blind eye …

The Dalmia Bharat Group has moved the Supreme Court challenging the National Company Law Appellate Tribunal (NCLAT) order approving UltraTech Cements Rs. 7,950-crore bid for Binani Cement. Confirming the development, Mahendra Singhi, MD and CEO, Dalmia Cement (Bharat) Limited told The Hindu , “We have filed an appeal in the …

The Union Steel Ministry is concerned over the low level of per capita steel consumption in India, according to Steel Secretary Binoy Kumar. “Per capita steel consumption of steel in India at 69 kg [according to Joint Plant Committee data] is still low compared to the world average of 214 …

The Department of Telecom has instructed State-owned Bharat Sanchar Nigam Ltd. (BSNL) and Bharat Broadband Network Ltd. (BBNL) to submit reports every day on the progress made in the Bharat Net project that seeks to connect 2.5 lakh gram panchayats in the country through high-speed broadband by March 2019. “Despite …