Government cuts additional borrowing requirement to Rs 20,000 crore from Rs 50,000 crore for FY 17-18FE Online | January 17, 2018 11:28 AM
The government announced on Wednesday that it has cut its additional market borrowing requirement for fiscal year ending in March to Rs. 20,000 crore. Earlier in December, the government had said that it will borrow an additional Rs 50,000 crore through dated securities this fiscal while trimming receipts via treasury bills by Rs 61,203 crore between now and March 2018.
FE Online | January 17, 2018 9:11 AM
With an aim to address agriculture distress, the Modi government is building over 51 lakh permanent houses under the Pradhan Mantri Awas Yojana-Gramin (PMAY-G). It has been learnt that of the 51 lakh houses slated for construction under the scheme in 2017-18, Madhya Pradesh, Chhattisgarh and Rajasthan — eight lakh, 4.5 lakh and four lakh — account for more than 30 per cent of the houses to be built.
FE Bureau | January 17, 2018 6:05 AM
The mechanism will ensure that transporters and other taxpayers will not be required to visit any tax office or check-post, GSTN CEO Prakash Kumar said. Kumar added that tax inspectors might conduct random checks to confirm if a particular consignment has been registered on the portal or not.
FE Bureau | January 17, 2018 5:59 AM
The analysis, by Pulak Ghosh of IIM Bangalore and Soumya Kanti Ghosh of State Bank of India, was released on Tuesday. The data are at variance with not just headline GDP data, it doesn’t jell with consumption or investment data either.
FE Bureau | January 17, 2018 5:37 AM
Ambani’s Rs 5,000-crore investment in a non-Jio business would include setting up oil sector retail outlets in the next three years. He said in the business summit of 2016 he committed investment of Rs 4,500 crore in the state.
FE Bureau | January 17, 2018 5:33 AM
The inter-ministerial group (IMG) meeting convened at 8.30 am on January 8 to finalise the broad contours of the transaction saw an upset HPCL chairman insisting that first his conditions be met.
Geeta Nair | January 17, 2018 5:29 AM
The new airport could become a reality by 2022-23; till then the existing airport will have to be expanded, Shirole said. The airport has to increase the number of flight movements from 90 to 154.
M Sarita Varma | January 17, 2018 5:26 AM
These consortia are led by New-Delhi-based IPE Global, Mahindra Consulting Engineers (formerly Mahindra Acres Consulting Engineers-MACE) and Wadia Techno-Engineering Services.
FE Online | January 19, 2018 11:52 PM
Budget 2018: The countdown to the Union Budget 2018 has begun. Finance Minister Arun Jaitley will present the Union Budget on February 1 keeping the tradition which began last year to ensure that proposals made in the Budget are effective from April 1. Here’s what Arun Jaitley can do to boost private investments.
FE Online | January 16, 2018 7:20 PM
The Narendra Modi government on Tuesday said that it is going to strike-off names of 1.2 lakh more companies from the official records for various non-compliances as part of its continuing fight against the black money menace.
Biometrics over passwords? Survey says more Indian consumers opting for fingerprints, face recognition for financial transactionFE Online | January 16, 2018 7:58 PM
While biometrics created privacy and cybersecurity concerns in Aadhaar’s context, it is found that Indian consumers are more comfortable with using fingerprint, facial and voice recognition over passwords or PINs, a survey by VISA showed.
PTI | January 16, 2018 4:50 PM
Business optimism index for the January-March quarter 2018 touched three and half year high on improving demand conditions and expectation that government sops in the budget will revive consumption, says a report.
FE Online | January 16, 2018 5:41 PM
The GST Council, which held an urgent meeting via video conference on December 16, approved mandatory compliance of the e-Way Bill to ease traders concerns and check tax evasion. From January 16, the trial run for the E-Way Bill began. Here’s all you need to know in five points.
PTI | January 19, 2018 11:46 PM
Union budget 2018: In the upcoming Budget 2018 food subsidy bill may go up by 10 per cent to around Rs 1.60 lakh crore. This is because of the rise in minimum support prices. According to sources there will be no change in subsidised rates of foodgrains.
PTI | January 16, 2018 1:07 PM
The budget session of the bicameral state legislature in Bihar is likely to commence on February 26 and the state budget would be presented the next day, an official has said.
IANS | January 19, 2018 11:45 PM
Budget 2018: Unlike most countries, the budget is usually an eventful affair in India and is a heated topic of national conversation around the time of its release.
FE Online | January 16, 2018 12:57 PM
Filing of returns under Goods and Services Tax (GST) may get much simpler, as a panel is considering a single-stage return filing process, instead of the current three-stage mechanism.
Budget 2018: From GST to Modi government’s expenditure on infrastructure, experts say Arun Jaitley has his task cut outFE Online | January 19, 2018 11:45 PM
Budget 2018: With just over a fortnight to go for the Budget 2018, predictions and expectations are out. From aam aadmi, corporate honchos to experts, all seem to have their say over the Modi government’s Union Budget.
PTI | January 16, 2018 11:32 AM
West Bengal has the highest number of MSMEs in the country with 52,69,814 units, a development which will boost the state during the Bengal Global Business Summit that started today.
PTI | January 16, 2018 11:04 AM
Propelled by engineering goods and petroleum sectors, India’s exports rose 12.36 per cent to $27.03 billion in December even as the trade deficit touched a 3-year high.
FE Online | January 16, 2018 10:37 AM
Aiming to bring about a major procedural overhaul in goods and services tax (GST) so as to reduce the compliance burden for businesses, the government is mulling over a single-stage return filing process instead of existing three-stage mechanism.
FE Bureau | January 16, 2018 5:45 AM
Barring oil, a 71.5% jump in imports of gold and 94% surge in those of pearls, precious and semi-precious stones and a 19% rise in electronic items pushed up overall imports.
FE Bureau | January 16, 2018 5:41 AM
In a joint address to the media with Israeli counterpart Benjamin Netanyahu following delegation-level talks in New Delhi, Prime Minister Narendra Modi said, “We will strengthen the existing pillars of cooperation in areas that touch the lives of our people.
PTI | January 15, 2018 11:11 PM
India is estimated to have grown at 6.7 per cent in 2017 despite initial setbacks from demonetisation and the Goods and Services Tax (GST), according to the 2018 Global Economics Prospect released by the World Bank recently.
PTI | January 15, 2018 9:49 PM
Three opposition ruled states –West Bengal, Kerala and Odisha — have opted out of the Centre’s Transformation of Aspirational Districts scheme, thus reducing the total number of districts under the programme to 102 from 115, a senior Niti Aayog official said.
PTI | January 15, 2018 7:52 PM
With the latest inflation prints moving up, the Reserve Bank is likely to raise its inflation forecast for March and may leave the key rates unchanged in the upcoming policy review next month, says a report.
FE Online | January 15, 2018 7:22 PM
The trade deficit in the month of December widened to $14.88 billions as compared to $10.55 billion during the same period last year after gold imports skyrocketed 72% to $3.39 billion year-on-year.
- Budget 2018: Meghnad Desai explains what is on cards
- Budget 2018: Housing For All by 2022 will be possible if Modi government includes these points in its budget
- PM Narendra Modi interview: Budget 2018 may not be populist
- Union Budget 2018: Allocate more funds, increase expenditure, say health experts
- Budget 2018: Arun Jaitley should contain fiscal deficit, says US-based economist TN Srinivasan
- Union Budget 2018: Government may tweak tax slabs, bring standard deduction, says EY survey
- Union Budget 2018: Steel ministry seeks import duty waiver for coking coal
- Budget 2018: Rights body urges government to allocate funds for gaushalas
- Budget 2018: FM Arun Jaitley attends Halwa ceremony, check the ritual of extreme significance