A- A A+
Last Updated : Oct 23 2019 11:12PM     Screen Reader Access
News Highlights
Government hikes minimum support price of Rabi crops for 2020-21            Union cabinet approves regularisation of unauthorised colonies in Delhi            All set for counting of votes for Maharashtra, Haryana assembly polls tomorrow            CBI registers case against former Uttarakhand CM, Harish Rawat for alleged horse-trading of MLAs            Praveen Kumar becomes first Indian man to win gold at Wushu World Championships           

Business News

Sep 13, 2019
8:53AM

NDA govt's Key steps to make India 5 trillion economy

AIR PICS
With an objective to make India a five trillion dollar economy, the NDA government has undertaken several measures to boost the economy. It has set up two Cabinet committees to spur investment and create new employment opportunities in the country. 

It has also formed a high-powered Committee on structural reforms in the agriculture sector. The merger of ten Public Sector Banks into four entities is a historic move to rationalise operations reducing the cost of lending and enhance profitability. 

The decision will enable Banks to enhance credit capacity, risk appetite, better ability to raise resources from markets, strong national presence and global competitive edge. 

Besides, 70 thousand crore rupees will be released to public sector banks upfront and additional lending and liquidity to the tune of 5 lakh crore rupees to benefit corporates, retail borrowers, MSMEs, small traders and others.

Linking repo rate to interest rate led to reducing EMI for Housing Loans and  Vehicles. To boost the automobile sector, the Narendra Modi Government has increased the allowable depreciation to 30 per cent on all vehicles acquired from now till March 2020. 

The ban on the purchase of new vehicles by Government Departments has also been lifted. The customs duty is being exempted on certain parts of electric vehicles to further incentivise e-mobility. 

   Related News

Live Twitter Feed

Listen News

Morning News 23 (Oct) Midday News 23 (Oct) News at Nine 23 (Oct) Hourly 23 (Oct) (2300hrs)
समाचार प्रभात 23 (Oct) दोपहर समाचार 23 (Oct) समाचार संध्या 23 (Oct) प्रति घंटा समाचार 23 (Oct) (2305hrs)
Khabarnama (Mor) 23 (Oct) Khabrein(Day) 23 (Oct) Khabrein(Eve) 23 (Oct)
Aaj Savere 23 (Oct) Parikrama 23 (Oct)

Listen Programs

Market Mantra 23 (Oct) Samayki 23 (Oct) Sports Scan 23 (Oct) Spotlight/News Analysis 23 (Oct) Samachar Darshan 23 (Oct) Radio Newsreel 22 (Oct)
    Public Speak

    Country wide 17 (Oct) Surkhiyon Mein 17 (Oct) Charcha Ka Vishai Ha 23 (Oct) Vaad-Samvaad 22 (Oct) Money Talk 22 (Oct) Current Affairs 18 (Oct)