Amid slowdown, RBI Governor hints at softer approach on rates

Mumbai (IANS) Indicating a softer approach on rate cuts in the wake of economic slowdown, RBI Governor Shaktikanta Das on Monday said growth is the top priority at a time when the Indian banking system is facing many challenges.

In his inaugural…

Experts' hope high from direct tax code

New Delhi (IANS) With the direct tax code (DTC) being in the works for years and report of the task force expected anytime now, tax experts hope the new draft law would ease the compliance burden and reduce future litigations by incorporating orders…

Sensex up 73 pts, Nifty above 11,000

Mumbai (IANS) The Sensex on Monday opened slightly higher over gains by finance and banking stocks.

At 9.32 a.m., the benchmark Sensex was trading 73.45 points or 0.20 per cent higher at 37,423.78.

It opened at 37,485.92, higher from…

Entrepreneurial woes: Ease of doing business, not that easy

New Delhi (IANS) In most cases it takes a tragedy to bring the worlds focus to a plight prevailing for long, the same happened with V.G. Siddharthas death, as it brought to light the dark side of the Indian entrepreneurial environment.

Although…

Sectoral policy intervention in works, no fiscal stimulus

New Delhi (IANS) The Finance Ministry is holding back-to-back discussions with the Prime Minister's office and the Reserve Bank of India to come out with a sectoral policy package at the earliest but sources rule out any fiscal stimulus having…

Cash-for-Clunkers: Auto industry bets big on scrappage policy

New Delhi/Mumbai (IANS) Faced with a massive sales downturn, India's automobile industry is betting big on a scrappage policy to revive demand for the already dented sector.

Accordingly, automobile industry's representatives have sought…

Goa should have more beach shacks: Association

Panaji (IANS) Goa's beach shack owners have demanded an increase in the number of shacks dotting Goa's beaches, while also urging the state government to create a separate policy for traditional shack owners, Cruz Cardozo, President of the…

'India needs $500-700 billion in renewable energy'

New Delhi (IANS) India will require $500-700 billion in renewable energy and supporting grid investment over the coming decade in order to meet its renewable energy targets, the US-based Institute for Energy Economics and Financial Analysis…

Gold near record high on recession warnings

Mumbai (IANS) Gold prices surged to near-record high levels yet again on Friday as renewed fears of a possible recession led investors to run for safe-haven assets like gold.

Gold prices had earlier fell sharply from its record highs…

Massive decline in India in coal power project lending: Report

New Delhi : A financial assessment on Friday revealed a massive 90 per cent decline in coal power investment in India in 2018 compared to the previous year.

The report looks at coal and renewable energy project finance made in 2018 and compares…