ENS Economic Bureau

For privatisation of six airports, per passenger fee is bidding criteria

The government had bid out airports like Delhi and Mumbai on revenue sharing basis with the state-owned Airports Authority of India holding 26 per cent stake.

RBI Dy Guv proposes public credit registry for micro units

Addressing IIT-Bombay's annual Techfest, Acharya said the RBI is putting together a public credit registry that will give banks the entire profile, including past loan details and also regular income flows, of borrowers.

Moving towards ideal fiscal deficit; need to cut public debt in 4-5 yrs: Subhash Chandra Garg

Rating agencies have raised concerns over the level of public debt and refrained from upgrading the sovereign rating of the country.

Need to cut uncompensated government mandates imposed on PSBs: Raghuram Rajan

Former RBI Governor Raghuram Rajan said, “Agriculture needs serious attention, but not through loan waivers. An all-party agreement to this effect would be in the nation’s interest.”

Central banks should be independent but accountable to elected bodies: Helene Rey

Rey also made it clear that macroprudential policies should have legislative backing and public accountability

Flagging credit, liquidity issues does not infringe on RBI autonomy: Arun Jaitley

Finance Minister Arun Jaitley said the government will stick to the 3.3 per cent fiscal deficit target in the current financial year, even as he highlighted the need to improve credit flow and liquidity in the markets.

Unfavourable base: November export growth falls to 0.8%

Trade deficit eases to $16.7 billion while import growth slows to 4.3 per cent.

Reduce number, weight of government mandates for PSBs: Raghuram Rajan

"This is lazy government – if an action is worth doing, it should be paid out of budgetary resources. It also is against the interests of minority shareholders in PSBs," Raghuram Rajan said.

Forty years he repaid loans…calling Mallya a fraud not right: Nitin Gadkari

On December 10, following the Westminster court order, Finance Minister Arun Jaitley tweeted: “Great Day for India. No one who cheats India will go scot free... An offender benefited during the UPA. The NDA brings him to book.”

GIC Re to retain ‘first right of refusal’ status: IRDAI

In all contracts, GIC Re is given the first right of refusal in reinsurance contracts and if it declines to accept the risk, only then it would be given to foreign reinsurer’s branches.

Initiating discussions can’t be termed as a ‘destruction’ of an institution: Arun Jaitley on RBI

Finance Minister Arun Jaitley, while admitting that government has issues with the central bank on credit flow and liquidity, said government has began “discussions” with it to rectify the same.

Telecom tribunal sets aside TRAI’s predatory pricing rule

On predatory pricing, TDSAT said that Trai’s powers are limited to examining whether a tariff is predatory or not.

RBI Governor Shaktikanta Das takes reality check with PSU bank chiefs

For their part, PSU bank chiefs told the Governor that they continued to lend to the sector.

GST Council likely to keep only luxury, demerit goods at 28 per cent

The government has collected Rs 7,76,317 crore as GST revenue in April-November, the first eight months of this financial year.

Examining whistleblower complaint against Sun Pharma: Ajay Tyagi

The whistleblower had approached the Sebi with a document alleging various irregularities by the company, its promoter Dilip Shanghvi and others.

Sebi Board Meeting: Segregation of distressed assets by MFs allowed

Securities and Exchange Board of India relaxes start-ups listing norms.

‘Every institution has to maintain its autonomy, adhere to accountability’: Shaktikanta Das

In his first media interaction as RBI Governor, he spoke about issues before the central bank.

Retail inflation drops to 17-month low in November; October IIP rises to 8.1 per cent

Retail inflation in November continued the downward trend, slipping to a 17-month low of 2.33 per cent with food prices staying in the negative zone along with lower fuel prices and waning impact of the HRA revision for Central government employees.

PMEAC has an important role … was able to perform its function well: Surjit S Bhalla

He said he had resigned as a part-time member because the position could have come in conflict with his new role as a consultant with a news channel, where he will be doing commentaries and forecasting on elections.

Sensex jumps 629 pts on end of poll results’ uncertainty, new RBI Governor appointment

Shaktikanta Das was Tuesday named the new governor of the Reserve Bank of India.

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