Economy News

Bank Recapitalization

The Union government unveiled an ambitious plan to infuse ₹2.11 lakh crore capital over the next two years into public sector banks (PSBs)

posted by Jawwad Kazi 25th Oct 2017

Bharatmala

The Centre announced a 5.35 lakh crore road construction package, called BharatMala Pariyojana, in a bid to spur the economy as private investment remains moribund.

posted by Jawwad Kazi 25th Oct 2017

All major ports to get LDB services: official sources

The Logistics Data Bank’s (LDB) services will soon be extended to all major ports in India.

posted by Jawwad Kazi 21st Oct 2017

Easing of PMLA norms may spur gold demand.

Demand for the yellow metal is likely to increase sharply by about 25% this festive season with gems and jewellery dealers being exempted from the reporting requirement purview of the Prevention of Money Laundering Act (PMLA).

posted by Jawwad Kazi 18th Oct 2017

Fiscal Stimulus debate

NITI Aayog Vice Chairman Rajiv Kumar has pitched for fiscal stimulus to boost growth, with a rider that additional expenditure should be used only for increasing productivity and capital expenditure.

posted by Jawwad Kazi 17th Oct 2017