Government working on tougher consumer protection law
A new consumer protection law is on the anvil to crack down on misleading advertisements and simplify the grievance redressal mechanism- Prime Minister Narendra Modi.
NHAI eyes bond issue to finance highway projects
The National Highways Authority of India (NHAI) will soon issue bonds to finance highway projects, Road Transport and Highways Minister said.
India has to spend ₹50 lakh cr on infra.
India would need to spend about ₹50 lakh crore between fiscal 2018 and 2022 to build its infrastructure in a sustainable manner, rating agency Crisil said.
Legal steps to guard digital payments
The Home Ministry has asked banks and e-wallet firms to furnish details of the extent of financial fraud reported in the past one year as digital transactions picked up after the Union government implemented demonetisation from November 8, 2016 and scrapped old Rs. 500 and Rs. 1,000 notes.
Centre to aid offshore e-commerce play
The Union government is working on a new policy to expand the footprint of the Indian e-commerce sector to tap potential markets outside the country, including Africa and Southeast Asia.
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)
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.
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.
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).
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.