Economy & Policy

Himachal budget ups FY25 pension outgo by 10% on revert to old scheme

Informist, Thursday, Feb 22, 2024 By Krity Ambey NEW DELHI – Himachal Pradesh, in its Budget for 2024-25 (Apr-Mar), has raised the estimate of expenditure towards pension in the next fiscal year to 102.54 bln rupees, up 10% from the revised estimate of 93.18 bln rupees for the current fiscal. This comes on the back...

Highlights of minutes of RBI's MPC meeting of Feb 6-8

Informist, Thursday, Feb 22, 2024 MUMBAI - Following are the highlights of the minutes of the Feb 6-8 meeting of the Reserve Bank of India's Monetary Policy Committee, released by the central bank today: SHAKTIKANTA DAS* India a picture of resilience in current challenging scenario* Inflation expectations are getting steadily anchored* Deflation in fuel...

RBI notifies extension of interest equalisation plan for export credit

Informist, Thursday, Feb 22, 2024 NEW DELHI – The Reserve Bank of India has notified the extension of the interest equalisation scheme for pre- and post-shipment rupee export credit, with the same scope and coverage, till Jun 30, according to a notification on the central bank's website. In December, the Union Cabinet had approved an additional...

MPC minutes show status quo in Feb on inflation-growth path comfort

Informist, Thursday, Feb 22, 2024 By Aaryan Khanna NEW DELHI – Members of the Monetary Policy Committee drew comfort from resilient growth, which outperformed their expectations, in holding the policy repo rate at 6.50% and maintaining the policy stance at "withdrawal of accommodation." At the same time, they also noted the CPI inflation...

MPC Goyal backs weighted average call rate being near repo rate

Informist, Thursday, Feb 22, 2024 --MPC Goyal: Money market timings can be extended --MPC Goyal: Toolkit to manage liquidity conditions can be expanded --MPC Goyal:Adequate liquidity key to avoid illiquidity raising costs --MPC Goyal: Credit default costs push NBFCs to hold excess liquidity --MPC Goyal: Banks tend to hoard liquidity if it is tight  MUMBAI – Monetary Policy Committee...

Amid flood of GST notices, govt mulling new norms for demands

Informist, Wednesday, Feb 21, 2024 --ICAI official: Govt mulls new norms for issuing GST notices--ICAI official: Govt formed panel to review spurt in GST notices--ICAI official: Over 85% GST notices to cos are "baseless"   By Priyasmita Dutta NEW DELHI - The government is working on new guidelines to issue goods and services tax notices to...

FSDC to take measures to curb unauthorised lending via online apps

Informist, Wednesday, Feb 21, 2024 NEW DELHI – The Financial Stability and Development Council will draw up measures to rein in unauthorised lending through online apps, the finance ministry said in a release after a meeting of the committee comprising the finance ministry and top financial regulators. The council will also form a strategy to simplify...

Cabinet OKs amendment in FDI policy to liberalise space sector

Informist, Wednesday, Feb 21, 2024 NEW DELHI – The Union Cabinet today approved an amendment in the foreign direct investment policy to liberalise the space sector. Now, 100% FDI will be allowed under the automatic route for manufacturing of components, systems, and sub-systems for satellites, Information and Broadcasting Minister Anurag Thakur said at a press conference. As per...

Draft of AI regulation framework before Jun-Jul, says jr IT minister

Informist, Tuesday, Feb 20, 2024 MUMBAI – A draft of the Artificial Intelligence regulation framework will be discussed and debated before June-July this year, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said today. He was talking about the need for global regulation on AI. "It (will be) absolutely impossible for one...

Maharashtra Assembly unanimously passes Maratha Reservation Bill

Informist, Tuesday, Feb 20, 2024 MUMBAI – The Legislative Assembly of Maharashtra, in a special session, unanimously passed the Maratha Reservation Bill today, paving the way for 10% quota for the Maratha community in education and government jobs. The state Cabinet had cleared the bill earlier today. On Friday, the Maharashtra Backward Class Commission in its...


Economy & Policy News by Date