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The Sensex closed at 39,784 with a gain of 168.62 points or 0.43 per cent while the Nifty-50 closed at 11,922.70 up 52.05 points or 0.44 per cent.

Sensex, Nifty extend gains ahead of Budget

The 30-share BSE Sensex settled 68.81 points, or 0.17 per cent, higher at 39,908.06.

4 July 2019 4:15 PM IST

We see a very positive scenario for infrastructure segment with extra investment lined in for all areas of core infrastructure such as roads, metro rail, expressway, airports and expansion on existing highways: Nitin Lall

Economic Survey: India must spend USD 200 bn on infra annually

As the country has only been able to put USD 100 to 110 billion annually into infrastructure development.

4 July 2019 4:11 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold, silver fall on weak overseas trend, profit-booking

Gold of 99.9 per cent and 99.5 per cent purity declined Rs 170 each to Rs 34,210 and Rs 34,040 per 10 gram,...

4 July 2019 3:53 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Economic Survey: FinMin makes progress in strategic sale of 28 CPSEs

DIPAM had raised about Rs 85,000 crore from CPSE disinvestment in 2018-19.

4 July 2019 3:45 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

NCLAT clears ways for takeover of Essar Steel by ArcelorMittal

Total claims of financial and operational creditors stand revised to Rs 69,192 crore.

4 July 2019 3:36 PM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr...

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and...

4 July 2019 3:31 PM IST

Income support schemes the Congresss Nyay for 20 per cent of the poorest households and the BJPs PM Kisan scheme for farmers with less than two hectare of land, are both progressive social protection measures.

Economic Survey: Govt calls for new policies to improve water...

The agriculture sector had investment rate much less than half of that of services and industry sectors.

4 July 2019 3:23 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Economic Survey: GDP ratio dips to 10.9 pc on shortfall in indirect...

In 2018-19, direct taxes grew by 13.4 per cent owing to improved performance of corporate tax.

4 July 2019 3:11 PM IST

FIPB takes a call on proposals for FDI in ocuntry.

Economic Survey: Govt may further ease FDI norms to bridge current...

The deficit increased to USD 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19.

4 July 2019 3:02 PM IST

Foodgrains, rice, wheat, pulses, come under Aadhaar-enabled direct benefit transfer, DBT, scheme. (Photo: PTI)

Economic Survey: Rationalisation of burgeoning food subsidy bill

Govt had pegged food subsidy bill at Rs 1,84,220 crore for 2019-20 as against Rs 1,71,298 crore last year.

4 July 2019 2:16 PM IST

RBI Governor Urjit Patel at a press conference after the monetary policy review meeting in Mumbai. (Photo: PTI)

A mess: Patel admits RBI was slow to take timely measures

Patel said an asset quality review for the NBFCs is inevitable' given their interconnectedness in financial system.

4 July 2019 1:37 PM IST

Additionally, the hasty implementation of GST has again hit the economy hard, resulting in a serious economic slowdown.

Economic Survey 2018-19 highlights

India continues to remain the fastest-growing major economy in the world in 2018-19.

4 July 2019 1:30 PM IST