The government must ensure that an efficient direct benefit transfer system of fertilisers and seeds is established as such a mechanism promotes judicious application of these inputs.
After Finance Minister Arun Jaitley in Union Budget 2018 announced world’s largest healthcare program that seeks to provide a health insurance cover of Rs 5 lakh per family per year, to 50 crore poor and vulnerable Indians, Health Minister JP Nadda says that the Modicare Scheme is made with the intention to benefit common man.
India’s monetary policy committee displayed its independent streak, flagging inflationary risks from an expansionary federal budget and shifting toward a more hawkish bent.
The RBI raised its inflation forecast for Q4FY18 to 5.1%, calling for vigilance. It also lowered the gross value added (GVA) for growth estimates for 2017-18 to 6.6% and projected a growth of 7.2% for 2018-19.
The changes through amendments to IBBI’s Insolvency Resolution Process for Corporate Persons Regulations have come amid differences between lenders and bidders on the proper valuation of a stressed company.
In March 2017, 31 contracts were signed with 22 companies, of which 15 were new entrants and the estimated total revenue of from these fields is around Rs 46,400 crore. Fields offered under the DSF policy were relinquished by ONGC and Oil India.
The government-appointed panel had concluded that the industry is facing an interim liquidity stress. It recommended the extension of deferred payment period for spectrum bought in auctions from the current 10 years to 16 years.
Advance pricing agreements (APAs) were introduced in 2012 by the government to provide tax certainty to those multinational corporations that agree to certain principles relating to the valuation of their cross-border transactions.
Maduro was expected to visit India last year; however, back then the visit had not been confirmed. Both New Delhi and Caracas have been working on continuing their joint investments in the energy sector.
In Dubai, Modi will deliver the keynote address at the Sixth World Government Summit. He will also meet vice-president and prime minister of the UAE and the ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum and some select CEOs of companies from the Gulf countries.
In contrast to rising nervousness in domestic rates market, the RBI maintained status quo in February2018 monetary policy review and buttressed it further by accentuating its erstwhile neutral stance.
“The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved to enhance the target of Pradhan Mantri Ujjwala Yojana (PMUY) from five crore to eight crore with an additional allocation of Rs 4,800 crore,” said an official statement.
Whether you are a ballet lover or a fan of amusement parks — from water parks to merry-go-round — it has just cheaper for you as the GST Council has reduced the tax rate on admission to these from the higher slab of 28% to 18%.
The Reserve Bank of India on Wednesday on concerns of higher inflation, firm crude oil prices, house rent allowance impact and fiscal slippage kept the repo rate unchanged with a neutral stance for the third time in its sixth bi-monthly monetary policy meet. Here are highlights.
One of China’s biggest solar panel makers, LONGi Solar will invest nearly $309 million in India in the wake the US protectionism and India’s anti-dumping measures threat.
As many as 302 infrastructure projects worth Rs 150 crore and above are delayed with a total cost over-run of Rs 1.45 lakh crore as on November 1, 2017, Parliament was informed today.
The Reserve Bank today flagged risks from the government decision to delay fiscal consolidation plan, warning that “significant deviations” and slippages will make meeting inflation targets “challenging”.
The CBDT has directed the taxman not to undertake “coercive” steps in recovering pending taxes from startups under a specific provision of the Income Tax Act, a move aimed to help budding entrepreneurs in the country.
The government is planning to hold the largest ever spectrum auction of 3,000 Mhz of radiowaves in the upcoming sale, Parliament was informed today.
Tickets to amusement parks, including theme parks, water parks and merry-go-rounds, attract 18 per cent GST with effect from January 25, lower than 28 per cent earlier, the Finance Ministry said today.
India’s crude steel production crossed the 100 million tonnes(mt) with a growth of 6.18 percent during last year. The government has taken various remedial measures to promote domestic steel sector which amongst others include trade measures such as anti dumping duties, safeguard duties and temporary introduction of Minimum Import Price.
The Reserve Bank today lowered the economic growth projection for 2017-18 to 6.6 per cent, but said that it will accelerate to 7.2 per cent in the next financial year as the roll-out of GST stabilises and credit offtake improves.
RBI Monetary Policy: The Reserve Bank of India governors on Wednesday flagged concerns over fiscal slippage and stress on MSMEs post the implementation of the Goods and Services Tax (GST).
RBI Monetary Policy: The Reserve Bank of India, in the sixth and last bi-monthly monetary policy meeting, kept the repo rate unchanged with the neutral stance, however, raised the inflation forecast on rising crude oil prices and house rent allowance impact.
RBI monetary policy February 2018: The Reserve Bank of India on Wednesday kept the repo rate “unchanged” at 6% for the third time in a row in its latest credit and monetary policy review, as was widely expected given the concerns on the rising headline inflation, surging global crude oil prices and fiscal slippage.
India’s tea exports have touched a record high in 36 years at 240.7 million kilograms during calendar 2017, Tea Board data said.
RBI Monetary Policy Highlights February 2018: The RBI in its sixth bi-monthly policy kept the repo rate unchanged under the liquidity adjustment facility (LAF) at 6%. Consequently, the reverse repo rate under the LAF remains at 5.75%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25%.