Category: Economy
Union Cabinet approves key changes to IBC and Companies Act 2013
The Union Cabinet on Tuesday gave its approval to amendments in the Insolvency and Bankruptcy Code (IBC) as well as the Companies Act, 2013, according…
Govt eases FDI norms for China, other countries sharing land border with India: Sources
The government on Tuesday eased norms for foreign direct investment from all countries, including China, that share land borders with India, sources said. They said…
Shipping cos, vessel operators told to refrain from predatory pricing amid West Asia conflict
Mumbai: Shipping sector regulator Directorate General of Shipping has advised shipping companies, vessel operators and agents to refrain from “predatory, non-transparent and opportunistic pricing” practices…
East Coast Road (ECR): How Chennai’s coastal stretch is turning into a growth hub
Over the last several years, East Coast Road (ECR) has evolved from being a mere picturesque coastal route to emerging as a prominent residential destination…
FTAs, strong domestic demand boost MSME prospects: Jitin Prasada
New Delhi: The free trade agreements (FTA) signed by India and the strong domestic consumption market offer significant opportunities for micro, small and medium enterprises…
India must tap FTA opportunities: Piyush Goyal
New Delhi: India must seize market opportunities created by the free trade agreements (FTAs) it has signed so far, said Piyush Goyal, commerce and industry…
FinMin advises banks to speed up IBC resolutions
The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases (IBC) for asset value maximisation,…
Govt exceeds disinvestment target, boosts revenue with strong dividend collections
The government’s combined disinvestment and asset monetisation receipts have reached ₹34,400 crore so far this fiscal year, surpassing the revised estimate of ₹33,847 crore, according…
Autonomous bodies should leverage risk-controls maturity scorecard to access financial prudence: CAG
New Delhi, Comptroller and Auditor General of India (CAG) K Sanjay Murthy on Monday said autonomous institutions should leverage tools like risk-control maturity scorecard (RCMS)…
India may face $7–8 billion higher monthly import bill as crude surges
New Delhi: India could face an additional foreign currency outflow of USD 7-8 billion per month due to the surge in international energy prices, following…