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Business News/ Economy / Economy News Today Live Updates on December 12, 2024: SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBC
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Economy News Today Live Updates on December 12, 2024: SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBC

12 min read . Updated: 12 Dec 2024, 10:43 PM IST
Livemint

Economy News Today Live Updates on December 12, 2024: From key announcements to major events impacting the micro and macro economy of the country and the world, this platform provides you with all the latest updates on the economy.

Economy News Today Live Updates: SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBCPremium
Economy News Today Live Updates: SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBC

Economy News Today Live Updates on December 12, 2024: Stay informed with the latest information and news about the Indian economy, world economy, global indicators, government policy for the economy, and real-time insights on dynamic GDP growth with our live coverage. LiveMint is the one-stop hub for those looking for the latest economic news and willing to understand the intricacies and details of their impact on our daily lives. Catch real-time updates here.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

12 Dec 2024, 10:43:52 PM IST

Economy News Today Live: SBI-led committee to be set up to formulate new list of large stressed accounts with banks for resolution under IBC

  • Government has decided to set up a committee under the SBI chairman to examine and submit a fresh list of stressed accounts for transfer to NCLT and bolster the resolution pipeline
Read the full story here

12 Dec 2024, 09:43:48 PM IST

Economy News Today Live: Centre seeks Parliament nod for net extra spending over ₹44,100 crore

  • The government is currently holding consultations for the FY26 union budget to be presented on 1 February
Read the full story here

12 Dec 2024, 08:54:42 PM IST

Economy News Today Live: India crosses $1 tn cumulative FDI milestone, inflows jump 26% in H1 FY25

  • Nearly 69% of the total FDI inflows over the past 24 years were recorded in the last decade, amounting to $709.84 billion, according to DPIIT data.
Read the full story here

12 Dec 2024, 07:56:36 PM IST

Economy News Today Live: ECB cuts rates 25 basis points to 3% amid worsening growth outlook, slowing inflation

  • The European Central Bank (ECB) slashed its interest rates further 25 basis points to 3 per cent on Thursday, as the inflation slows down and growth outlook worsen in the EU, reported AFP. 
Read the full story here

12 Dec 2024, 07:18:13 PM IST

Economy News Today Live: GST Council Meeting: Industry eyes tax relief on health insurance premiums, higher levies on luxury items

  • Industry experts anticipate a reduction in GST rates on health insurance in the upcoming GST Council meeting, potentially increasing coverage.
Read the full story here

12 Dec 2024, 06:45:37 PM IST

Economy News Today Live: India defines green steel; will rate companies on basis of emission intensity for steel production

  • India launched a green steel taxonomy, becoming among the first country globally to have clearly determined parameters for decarbonized steel.
Read the full story here

12 Dec 2024, 06:27:58 PM IST

Economy News Today Live: India can be a $9 trillion economy by 2030: Arvind Panagariya

  • Speaking at an event in New Delhi, Arvind Panagariya, the chairman of the 16th Finance Commission of India, said implementing a few pending reforms could accelerate growth rates, potentially pushing India's GDP growth to 11-12%.
Read the full story here

12 Dec 2024, 04:50:48 PM IST

Economy News Today Live: Govt confident of economic rebound despite global challenges, says Piyush Goyal

  • The latest government data showed that India's economic growth slowed to a near two-year low of 5.4% in the September quarter owing to weak performance in the manufacturing and mining sectors.
Read the full story here

12 Dec 2024, 04:47:26 PM IST

Economy News Today Live: Investors shouldn’t count on much help from the Fed next year

  • Markets still expect two or three rate cuts in 2025. That could be too optimistic.
Read the full story here

12 Dec 2024, 04:28:47 PM IST

Economy News Today Live: India may extend duty-free yellow pea imports by two months to keep prices of pulses under control

  • An official notification to this effect is expected soon, as duty-free import of yellow peas is currently allowed until the end of December
Read the full story here

12 Dec 2024, 04:13:36 PM IST

Economy News Today Live: India's retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October

  • India's retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October
Read the full story here

12 Dec 2024, 03:55:53 PM IST

Economy News Today Live: Income tax: Refunds surge 46.31% to ₹3.08 lakh cr; 1.62 crore ITR filings processed in a day, says Finance Ministry

  • At its peak, the income tax return portal handled over 900 filings in a second and close to 70 lakh ITR filings a day, as tax refunds rise 46.32 per cent year-on-year.
Read the full story here

12 Dec 2024, 12:04:16 PM IST

Economy News Today Live: Centre may increase green bond target by 25% to ₹25,000-26,000 crore next year to fund renewable energy projects

  • The Indian government is counting on growing demand for eco-friendly financing. With India’s inclusion in major global bond indices, investor interest in green bonds is expected to surge.
Read the full story here

12 Dec 2024, 05:30:10 AM IST

Economy News Today Live: Why Axis' Neelkanth Mishra does not see room for rate cuts

  • Mishra believes that the cash transfer schemes of various state governments and the ensuing increase in demand is among the reasons why high inflation could persist.
Read the full story here

12 Dec 2024, 05:00:07 AM IST

Economy News Today Live: Mint Primer | Rupee takes a dive, more turbulence in 2025

  • After a particularly calm year in 2023, the rupee hit several lows against a roaring US dollar in 2024, even while it remained the least volatile among its peers. On Wednesday, it settled at 84.83 per dollar. Mint explains the recent fall and its implications for the economy.
Read the full story here

12 Dec 2024, 02:57:34 AM IST

Economy News Today Live: US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict

  • US Inflation Report November 2024: US consumer prices rose to 2.7 per cent last month from a year ago, up slightly from 2.6 per cent in October. The rise was said to be in line with economists' expectations.
Read the full story here

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