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| 05 December, 2020, 10:25 AM IST | E-Paper
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    Policy

    Centre asks states to ensure policy stability to draw investors

    Investors were rattled when Andhra Pradesh rolled back decisions taken by the previous administration and wanted to renegotiate solar and wind power tariffs, cancel infrastructure projects and take back land allotted to companies.

    Why Shaktikanta Das can't afford to follow other central banks' Covid playbooks

    India’s flexible inflation targeting introduced four years ago ties the central bank’s hands when it comes to interest rates as it is mandated to target the Consumer Price Index at 4 percent in a two percentage band on either side. To make its policy effective, the central bank kept liquidity in deficit. That has now turned to a surplus, estimated at Rs. 8 lakh crores.

    Opinion: Why RBI MPC continuance with status quo may hurt in the long run

    The RBI Monetary Policy Committee (MPC) in its meeting announced continuance with the status quo even though it is up beat about the growth story of the India in the post-Covid pandemic era. This could hurt in the long run, says Mythili Bhushnurmath, Consulting Editor, ET Now. Watch!

    Decoding today's policy status quo: The factors at play behind RBI's rate decision

    As the excess liquidity seeps through the financial system to the economy, the central bank is raising the game on financial stability by barring dividend payouts by banks for last fiscal. The Monetary Policy Committee voted unanimously to keep rates unchanged and maintain the accommodative stance.

    RIL’s profits from SEZ not taxable, company can claim deductions: ITAT

    The ITAT was ruling in the case of Reliance Industries Limited (RIL) and the issue of taxability of company’s profits from SEZ. As per the details of the case RIL had claimed deductions under two sections of the income tax act. The tax department had challenged this and the matter had reached ITAT Mumbai.

    Top takeaways from RBI's December monetary policy review

    The Reserve Bank of India on Friday left benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, implying more rate cuts in the future if need arises to support the economy hit by the COVID-19 pandemic. The central bank said retail inflation is likely to remain elevated and pegged it at 6.8% for the third quarter of the current fiscal, while revising real GDP growth projection for FY 20-21 to -7.5%. RBI Governor Shaktikanta Das briefed media on the Monetary Policy Committee's (MPC) decisions. Watch highlights. (Text: PTI)

    View: A case for investing in adolescents

    The fallout of the pandemic for adolescents amplifies the urgency. The time is running out for India to act on this front. There is simply no alternate route to development than ensuring that today’s young achieve their full potential since they are the future of tomorrow.

    RBI rate decision on expected lines: Niranjan Hiranandani, ASSOCHAM

    Mr Hiranandan stated that the Reserve Bank of India needs to have a hawkish stance while looking at the inflation figures and try to taper it further in order to mitigate the supply-side pressure.

    Uday Shankar to take over as FICCI President for 2020-21

    "Shankar is the President of The Walt Disney Company for Asia Pacific and the Chairman of Star and Disney India. He is the first-ever media and entertainment executive in India to lead a national industry chamber such as FICCI, which is India's oldest industry body," the chamber said on Friday.

    CCI trains its focus on PE investments across sectors in India

    “Since many of these PE investments are in multiple firms of the same industry leading to product market overlaps, the issue of common ownership by minority shareholders across firms and its impact on competition needs to be understood,” said Ashok Kumar Gupta, chairman,CCI, during a virtual conference hosted by the Confederation of Indian Industry.

    Economic revival still fragile and far from broad based: RBI

    Economic revival still fragile and far from broad based: RBI

    The Reserve Bank of India has projected that GDP will contract by 7.5% in FY21, revising its October projection of 9.5% fall. The third quarter and fourth GDP prints are projected to be positive at 0.1% and 0.7% respectively.

    Create aggregation points for farm & MSME items, do minimal inspections: Piyush Goyal to states

    Create aggregation points for farm & MSME items, do minimal inspections: Piyush Goyal to states

    Piyush Goyal has asked all states and Union Territories to create aggregation points for farm produce and products from micro, small and medium enterprises (MSMEs), move towards minimal inspections and truck stoppages, and establish logistics parks with truck parking and warehousing facilities.

    Socrates, status quo and solutions: What Shaktikanta Das talked of at RBI's last policy review of 2020

    Socrates, status quo and solutions: What Shaktikanta Das talked of at RBI's last policy review of 2020

    Das made some important observations about the current economic situation, before closing his address with a quote from Socrates: "We can be bitter or we can be better. we will strive to be better."

    RBI keeps repo rate unchanged but maintains accommodative stance

    RBI keeps repo rate unchanged but maintains accommodative stance

    The Reserve Bank of India today kept the interest rate unchanged amid stubbornly high inflation and signs of recovery in Asia’s third-largest economy. The six-member Monetary Policy Committee unanimoukept interest rate held the benchmark repo rate 4%.

    GST can be levied on lotteries, says Supreme Court; upholds government notice

    GST can be levied on lotteries, says Supreme Court; upholds government notice

    The bench was dealing with a petition filed by Skill Lotto Solutions Pvt Ltd, an authorised agent for sale and distribution of lotteries organised by the state of Punjab.

    View: Direct cash transfer is not the vaccine for reviving GDP. It’s not even anti-viral remdesivir

    View: Direct cash transfer is not the vaccine for reviving GDP. It’s not even anti-viral remdesivir

    Economists like Raghuram Rajan, Abhijit V Banerjee and Manmohan Singh, as well as politicians like P Chidambaram and Yogendra Yadav, have been advocating more cash be put in the hands of people. But they haven’t answered ‘How?’, ‘How much?’, and ‘At what cost?’ What is the magic fiscal deficit number appropriate for balancing the macro consequences of direct cash transfers (DCTs)?

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