Economy

Date Heading Details
20-Aug-2019   12:52 Hrs IST Govt needs to fix problems in power, non-bank financial sectors: Raghuram Rajan <p align="justify">Terming slowdown in the economy as ‘very worrisome', Former Reserve bank of India (RBI) Governor Raghuram Rajan has said that the government needs to fix the immediate problems in power &amp; non-bank financial sectors.<br></p><p align="justify">Rajan also expressed a need for fresh set of reforms to boost the economy and growth rate. Besides, he called for a fresh look at the way GDP in India is calculated, adding that there are a variety of growth projections from the private sector analysts, many of which are perhaps significantly below government projections.<br></p><p align="justify">Former RBI Governor further noted that businesses all around are worrying and complaining out loud that they need some kind of stimulus. Meanwhile, India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.<br></p>
20-Aug-2019   11:56 Hrs IST CCI introduces green channel clearance for mergers & acquisitions <p align="justify">With an effort to make mergers and acquisitions (M&amp;A) filings approval faster, Competition Commission of India (CCI) has introduced an automatic system of approval for combinations under Green Channel. Under this process, the combination is deemed to have been approved upon filing the notice in the prescribed format. This system would significantly reduce time and cost of transactions.<br></p><p align="justify">The Green Channel is aimed to sustain and promote a speedy, transparent and accountable review of combination cases, strike a balance between facilitation and enforcement functions, create a culture of compliance and support economic growth.<br></p><p align="justify">Besides, the regulator also revised its pre-filing consultation guidance note to extend its scope to include consultation to assist the parties to determine whether their combination is eligible for Green Channel.<br></p>
20-Aug-2019   10:54 Hrs IST Govt removes requirement of DRR by NBFCs, HFCs to reduce cost of raising capital
20-Aug-2019   09:40 Hrs IST Retail sales of passenger vehicles drop 11% to 2,43,183 units in July: FADA
20-Aug-2019   09:19 Hrs IST Corporate tax rate will be gradually cut to 25%: Finance Minister
19-Aug-2019   12:52 Hrs IST Growth is highest priority for monetary policy committee: Shaktikanta Das
19-Aug-2019   10:58 Hrs IST Govt planning to give debt waiver for small distressed borrowers under IBC
19-Aug-2019   10:10 Hrs IST Real estate developers may face liquidity crunch on NBFC woes: Fitch
19-Aug-2019   09:51 Hrs IST Payment of MSME should get released in 45 days: Nitin Gadkari
19-Aug-2019   09:28 Hrs IST Growth in job creation slows down in FY19: CARE Ratings