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DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.
Govt not planning to help banks rescue shadow lender DHFL: sources
07 Nov 2019 1:38 PM

DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.

On October 29, a senior official said there were good enough reasons to refer the DHFL matter to the SFIO.
Govt orders SFIO probe against crisis-hit DHFL
01 Nov 2019 4:40 PM

A forensic audit by KPMG has reportedly found massive fund diversion by the promoters.

Personal income tax collections amounted to Rs 4.7 lakh crore last year, or 2.5 per cent of GDP.
Govt unlikely to go for income tax cut due to fiscal stress
30 Oct 2019 6:49 PM

The share of direct taxes to India's total tax revenues peaked at 61 per cent in 2009-10.

The Centre had announced this loan package in two tranches -- first in June 2018 amounting to Rs 4,440 crore and the other in March 2019 of Rs 10,540 crore.
Govt's Rs 15,000 cr soft loan scheme to sugar mills moving at snail's pace: experts
30 Oct 2019 3:55 PM

The objective was to help millers in clearing cane arrears and divert surplus sugar for ethanol manufacturing.

The projection is lower than 6.1 per cent that the Reserve Bank of India (RBI) had forecast in early October.
Fitch cuts India's FY20 GDP growth forecast to 5.5 per cent
24 Oct 2019 2:21 PM

GDP expansion will pick up to 6.2 per cent in the next financial year (2020-21) and to 6.7 per cent in the year after.

During April-June period of the current fiscal, FDI into India increased by 28 per cent to USD 16.33 billion.
Inter-ministerial group to discuss FDI policy easing on Oct 29
24 Oct 2019 1:21 PM

Government has relaxed FDI norms in several sectors like single brand retail trading, contract manufacturing, and coal mining.

The report said traditional and modern retail, including e-commerce, have their own merits that must be integrated to provide a common platform.
Govt, industry must collaborate for digitisation of kirana stores: Report
23 Oct 2019 12:27 PM

It also said there is a need to focus on rural markets as overlooking of non-urban centres may lead to undesirable results.

Gifts include free transport, boarding, lodging or other pecuniary advantage when provided by any person other than a near relative or personal friend having no official dealings with the government servant. (Photo: Representational)
Centre relaxes gift policy for employees, hikes monetary limits
22 Oct 2019 4:00 PM

All officials under Groups 'A' and 'B' shall not accept any gift without the government sanction value exceeds Rs 5,000.

India’s recently concluded thermal coal mine auctions received a tepid response, with 15 out of 21 attracting fewer than three bidders.
Govt readies policy to attract foreign investment in coal mining
16 Oct 2019 11:52 AM

India’s coal demand to rise more than 21 per cent from current levels to 1.2 billion tonnes in 2023, says Joshi.

The government has set up the IMCC using its powers conferred under the Prevention of Money Laundering Act, 2002.
Govt sets up high-level panel to check money laundering activities
08 Oct 2019 12:25 PM

The committee would work towards policy cooperation and coordination across all relevant or competent authorities.

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