Centre to shift regulation of housing finance firms from NHB to RBI, says report

The housing finance companies (HFC) will with most probability come under the regulatory jurisdiction of the Reserve Bank of India, reported Business Standard, citing sources. The sources, however, added that though... Read more »

Vijay Mallya relieved as London HC orders appeal against his extradition

In a huge relief to liquor baron Vijay Mallya, the Royal Court of Justice in London issued an order which allows the fugitive businessman to appeal against his extradition... Read more »

SEZ Amendment Bill 2019 to give a boost to economic activities and employment

The Special Economic Zones (Amendment) Bill 2019 – which was passed by the Parliament last week allowing “trusts or any entity” to set up units in the Special Economic... Read more »

Govt to work on Rs 74,000 crore bailout for BSNL, MTNL: Report

The government is working on a Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL), reported The Times of India. The scheme... Read more »

India to work on growth, is ready to borrow more says Economists

India’s government will rework the federal budget on Friday and revise its borrowing target slightly higher for this year and next, marred by a slowing economy and weak jobs... Read more »

Maharashtra rain claims 27 lives; 18 die in Mumbai wall collapse

 27 lives were lost in the rains in Maharashtra, including 18 in a wall collapse in Mumbai, while the authorities declared a holiday in Mumbai and adjoining regions, people were asked... Read more »

Government policy to ensure companies conduct water audit: Report

The government plans to create a policy to gauge the per-unit consumption of water for which companies soon have to do a water audit, according to a  report by Business... Read more »

GST collection drops below Rs 1 lakh crore in June for the first time in FY20

The GST collection dropped below the Rs 1-lakh-crore mark in the month of June 2019. The total revenue collection under the indirect tax regime for past month totaled to... Read more »

India’s eight core sectors see a 5.1% growth in May

The Eight Core Industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 138.7... Read more »

Economic activity and freight rates slows down growth in domestic freight sector: ICRA

With industrial output and consumption-driven sectors experiencing a slump during H2 FY2019, the freight demand in the country also withdrew in the last quarter of the previous fiscal. “Our... Read more »