Sumit Jha | January 10, 2018 6:13 AM
If the Goods and Services Tax (GST) Council insists on electronic way (e-way) bill for moving goods above certain worth along certain distance despite a section of the industry calling it disruptive of trade and economic activity, it is not for nothing.
FE Bureau | January 10, 2018 6:05 AM
Finance minister Arun Finance minister Arun Jaitley held a meeting with top industrialists on Tuesday along with commerce and industry minister Suresh Prabhu to shape the agenda for participation at the forthcoming annual meeting of World Economic Forum at Davos.
FE Bureau | January 10, 2018 6:01 AM
As the deadline for filing first of the comprehensive returns (GSTR-1) is Wednesday, businesses have had a mixed experience with the GST Network (GSTN) portal.
Banikinkar Pattanayak | January 10, 2018 5:58 AM
Lower-than-expected inflation is estimated to pull down nominal GDP growth to 9.5% in FY18, against the budgeted 11-11.5%, according to chief statistician TCA Anant.
FE Bureau | January 10, 2018 5:54 AM
The Centre is of the view that state-run GAIL (India) should focus on creating gas pipelines in the country and not on marketing, petroleum minister Dharmendra Pradhan said on Tuesday.
RERA’s reach: Around 20,000 real estate projects registered – See Maharashtra, Noida, Gurgaon detailsSurbhi Prasad | January 10, 2018 5:49 AM
Around 20,000 projects across the country have been registered under the Real Estate (Regulation and Development) Act, a senior housing and urban affairs ministry official said.
Vikas Srivastava | January 10, 2018 5:44 AM
Encouraged by the successful implementation of solar projects in states like Karnataka and Gujarat, the Uttar Pradesh government led by chief minister Yogi Adityanath is planning to invite bids for 100 MW of solar power projects by March.
PTI | January 10, 2018 5:06 AM
India has ‘enormous growth potential’ compared to other emerging economies, the World Bank said.
Reuters | January 10, 2018 4:21 AM
Mexico’s annual inflation rate climbed to a 16-1/2 year high in 2017.
AFP | January 10, 2018 3:31 AM
For the first time in many years, the World Bank’s outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to the forecast released today.
PTI | January 10, 2018 12:33 AM
India presents an image of promise and the remarkable pace of “bold and structural” reforms have boosted its macroeconomic fundamentals while enhancing long-term economic outlook, founder chairman of the World Economic Forum Klaus Schwab has said.
PTI | January 9, 2018 3:57 PM
India has proposed to levy a 70 per cent safeguard duty on import of solar power equipment from countries like China for 200 days to protect domestic industry from “serious injury”.
FE Online | January 9, 2018 3:34 PM
The Goods and Services Tax (GST) Council is expected to meet next week, and according to media reports simplification of tax returns may be on priority. The tax rate fitment committee may also look into any potential rate changes.
PTI | January 9, 2018 4:11 PM
Direct tax collections soared 18.2 per cent during the first nine months of current fiscal at Rs 6.56 lakh crore, the finance ministry said today.
Despite the Narendra Modi government’s relative promptness in meeting the current demands of subsidies, at least Rs 1.25 lakh crore of past dues of major subsidies — four-fifths of that on food alone and the balance mostly on fertilisers — may remain unpaid to the designated agencies at the end of this fiscal. To that extent, the final fiscal numbers to be released in the next Budget will be dented.
Surya Sarathi Ray | January 9, 2018 6:22 AM
Construction of highways gathered pace to touch 20.6 km per day during April-November this year, from 16.7 km a day in the year-ago period, though even the improved rate is a far cry from road transport and highways minister Nitin Gadkari’s target of building these roads at a scorching pace of 41km per day.
Reuters | January 9, 2018 2:07 AM
Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning.
Reuters | January 9, 2018 12:38 AM
India hit back on Monday at Washington’s latest legal assault on its solar power policies at the World Trade Organisation, rejecting a US legal claim and exploring possible new protection of India’s own solar industry.
PTI | January 8, 2018 9:05 PM
Even as a lot of thrust is being given to the affordable housing segment, a report has flagged concerns about the growing delinquencies in this segment, which are expected to continue in 2018.
PTI | January 8, 2018 7:07 PM
With about three weeks left for Union Budget 2018-19, Prime Minister Narendra Modi will meet leading economists and sectoral experts at Niti Aayog on January 10 to deliberate on steps which could be taken to boost growth and generate employment.
FE Online | January 8, 2018 5:59 PM
Yang Huiyan, a Chinese businesswoman, saw her wealth rising by $2 billion in just the first four trading days of the year.
PTI | January 8, 2018 5:40 PM
South American country Peru generated its highest export sales to India during January-October 2017 with shipments totalling $1.57 billion, as compared to other Asian economies like China, South Korea, Japan and the UAE.
PTI | January 8, 2018 5:22 PM
In the next 12 months, consumer goods companies would see a revival, both in volume and margin terms, with an anticipated revival in the rural sector, said a report.
PTI | January 8, 2018 5:11 PM
The government has assured that it would consider hiking import duty on sugar from the current 50 per cent to check any cheaper shipments from neighbouring Pakistan, the Indian Sugar Mills Association said today.
PTI | January 8, 2018 4:27 PM
Industry body Assocham has cautioned the government against resorting to a “knee-jerk” reaction to deal with slippage in GST collections, and said those revenues would pick up once the glitches in the system are addressed.
The credit enhancement fund by providing partial guarantees on the bonds of infrastructure projects will increase the attractiveness of such project bonds for institutional investors.
Liberalised FDI makes India hot business spot for NRI investors, says LuLu Group Chairman Yusuff Ali MAPTI | January 8, 2018 4:02 PM
India’s liberalised foreign direct investment policy, especially regarding the participation of Non-Resident Indians in its economy as domestic investors, has made the country a hot destination among NRIs, according to a leading Indian businessman in the UAE.
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