Thursday, Feb 20, 2020 | Last Update : 04:14 AM IST

Economy Page-16

Banks to get Rs 70,000 crore more, system to bulge by Rs 5 lakh crore

The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore.

24 Aug 2019 1:42 AM

Home, vehicle, other retail loans to become cheaper: FM

Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.

23 Aug 2019 7:29 PM

Code on Wages 2019 becomes a reality; minimum wage for 50 cr workers on the anvil

The government has notified the Code after it received assent from the President of India on August 8.

23 Aug 2019 6:20 PM

'Unprecedented' situation in financial sector: NITI Aayog Vice Chairman

GDP growth is set to slow further in April-June quarter of this year to 5.7 pc amid contraction in consumption, weak investments.

23 Aug 2019 10:45 AM

EPFO approves changes in Employees' Pension Scheme to restore commutation of pension

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.

22 Aug 2019 6:46 PM

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Report shows US deficit to exceed USD 1 trillion next year

Federal debt, which is already high by historical standards, is on an unsustainable course, said Phillip Swagel of CBO.

22 Aug 2019 5:48 PM

India's petrol imports in July hit highest in at least eight years

Petrol imports rose to 230,000 tonnes in July, the highest since PPAC data going back to 2011.

22 Aug 2019 2:59 PM

RBI minutes to cap yields; revives expectations for further policy easing

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.

22 Aug 2019 11:55 AM

India's GDP growth set to slow further in Apr-Jun qtr to 5.7 pc: Nomura

India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.

21 Aug 2019 12:32 PM

FinMin mulls stress fund for infra sector: Housing Secretary Mishra

As my information, the discussion for stress fund is on in the Finance Ministry, said Housing Secretary Durga Shanker Mishra.

19 Aug 2019 6:55 PM

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Task force on Direct Tax Code submits report to FM

The details of the report, however, could not be known immediately.

19 Aug 2019 5:51 PM

Passenger vehicle retail sales fall 11 pc in July: FADA

Passenger vehicle sales in July declined 11 per cent to 2,43,183 units.

19 Aug 2019 3:56 PM

Time has come for banks to link loans, deposits to repo rate: RBI Gov Das

SBI was to first one to link loans and deposits to the repo rate from May and home loans from July, six other banks followed.

19 Aug 2019 12:40 PM

Credit demand subdued, economy needs stimulus: SBI Chairman

Though lack of credit demand exists in the economy, there is no supply-side constraint said SBI Chairman Rajnish Kumar.

18 Aug 2019 5:50 PM

FinMin asks PSBs to seek ideas from branches to streamline banking sector

The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.

17 Aug 2019 11:15 AM

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Weak investment, muted monetary transmission big challenges for Indian economy: Goldman

India's GDP growth increased from an average of 6.7 per cent during 2010 to 2014 to 7.3 per cent during 2015 to 2019.

16 Aug 2019 1:34 PM

Modi reviews state of economy with Sitharaman, FinMin officials

There are expectations that the government would come out with sector-specific stimulus sometime soon.

15 Aug 2019 5:35 PM

Modi says will invest Rs 100 lakh cr in infra, USD 5 trn economy target achievable

India was ranked 142nd among 190 nations when the Narendra Modi's government took office in 2014.

15 Aug 2019 9:27 AM

India is a top place for zombie companies

Zombie companies are defined as corporate underachievers overdosed on cheap credit.

15 Aug 2019 1:44 AM

Risks in sector may rise when banks lend more to NBFCs: Fitch

It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.

15 Aug 2019 1:35 AM

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