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| 17 January, 2021, 03:35 PM IST | E-Paper
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    Policy

    View: Free coronavirus vaccinations are better than any stimulus the Centre can provide

    No amount of fiscal stimulus will revive the economy until fear is cured and service activities resume. To diminish fear, the top priority of the budget must be to vaccinate as many as possible as quickly as possible.

    The curious case of investment in education

    Empirical evidence suggests that while the overall returns to education are positive, there exists significant heterogeneity. Indian policymakers will need to ensure that they keep these disparities in returns to education in perspective. The focus needs to be shifted from primary level of education to secondary and tertiary education.

    Stricter framework for banks, NBFCs on anvil: RBI Guv Shaktikanta Das

    Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the central bank seeks to tweak regulatory framework in order to strengthen governance in banks and non-banking financial institutions (NBFCs). These measures are in the pipeline and will be announced over the next few weeks, he added.

    Finmin looks at BIC model after RBI raises concern over zero coupon bonds for PSBs recap

    The report recommended transferring shares of the government in the banks to the BIC which would become the parent holding company of all these banks, as a result of this, all the PSBs would become 'limited' banks. BIC will be autonomous and it will have the power to appoint the board of directors and make other policy decisions about subsidiaries.

    RBI remains steadfast to take any further measures to support growth: Shaktikanta Das

    Delivering the 39th Palkhivala Memorial Lecture, the governor said the principal objective during the pandemic period was to support economic activity; and looking back, it is evident that policies of the RBI have helped in easing the severity of the economic impact of the pandemic.

    Reserve Bank of India likely to propose stricter rules for shadow banks: Sources

    The Reserve Bank began trying to move towards tighter norms for the sector after Infrastructure Leasing & Financial Services, the largest NBFC, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019.

    RBI’s ‘unambiguous’ objective is to revive growth: Governor Shaktikanta Das

    ``Our principal objective during this pandemic period was to support economic activity; and looking back, it is evident that our policies have helped in easing the severity of the economic impact of the pandemic,'' Governor Das said at the Palkhivala Memorial Lecture.

    View: PMKVY 3.0 aims to connect local youth with local jobs

    Adopting a demand-driven approach, PMKVY 3.0 is aimed at connecting local youth with local jobs.

    View: Why monopsonic tendencies don't augur well for the economy

    To economists, monopsony — a market condition in which there is only one buyer — was a theoretical concept, to be defined as a construct before belabouring the dangers of monopoly. The danger of monopsony, seldom thought of as a threat by economists, is now upon us.

    Government nod to vehicle scrappage policy likely soon: Nitin Gadkari

    The policy is for scrapping of vehicles which are more that 15 years old and includes cars, trucks and buses, the Minister said addressing the "Atmanirbhar Bharat Innovation Challenge 2020-21" event.

    Economy likely to contract up to 7.5% this fiscal, may see 9-11% growth in FY22: Virmani

    Economy likely to contract up to 7.5% this fiscal, may see 9-11% growth in FY22: Virmani

    Noting that production-linked incentive (PLI) was actually a very good scheme, Virmani said the government should promote employment generating exports.

    ICAI plans to use AI to identify non-compliances in financial statements

    ICAI plans to use AI to identify non-compliances in financial statements

    The Institute of Chartered Accountants of India (ICAI) through its Financial Review Reporting Board (FRRB) is gearing up for another technological advancement by way of utilising Artificial Intelligence (AI).

    No blanket extension of Companies Fresh Start Scheme: Ministry of Corporate Affairs

    No blanket extension of Companies Fresh Start Scheme: Ministry of Corporate Affairs

    Aiming to improve corporate compliance, the ministry had launched the CFSS and amended the LLP Settlement Scheme in March last year, allowing firms a one-time condonation for delays in statutory filings.

    Govt to start skills training under Pradhan Mantri Kaushal Vikas Yojana in 600 districts

    Govt to start skills training under Pradhan Mantri Kaushal Vikas Yojana in 600 districts

    Under the scheme government will train 8 lakh candidates over next three months with an outlay of Rs 948.90 crore with focus on Covid-related skills. As per the plan, the Centre will strengthen district skill committees to identify and cater to local skilling needs under the scheme which will be demand based.

    View: Time to include climate-responsive budgeting

    View: Time to include climate-responsive budgeting

    Recognising the importance of effective fiscal handling of climate change in the planning and management of domestic public finances, several initiatives have been launched by world leaders, including the Paris Collaborative on Green Budgeting and the Coalition of Finance Ministers for Climate Actions.

    India took 'very decisive' steps to deal with coronavirus pandemic and its economic consequences: IMF chief

    India took 'very decisive' steps to deal with coronavirus pandemic and its economic consequences: IMF chief

    The IMF Managing Director during a global media roundtable on Thursday predicted a less bad outlook for India in the upcoming World Economic Update due to the steps taken by it.

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