Emphasising that the present method of calculating licence fee (LF) and spectrum usage charge (SUC) is around 20 years old, the Telecom Regulatory Authority of India (Trai) on Friday suggested a review and rationalisation of both the levies in the new telecom policy, which is currently being prepared by the department of telecommunications and is […]
A group of homebuyers of Jaypee Infrastructure have urged the banks such as HDFC, ICICI and Axis bank for moratorium on EMIs for home loans granted in relation to projects of Jaypee.
Budget 2018: Dhanraj Bhagat, partner, Grant Thornton India, said, “Disposable income in rural India will increase, resulting in more discretionary spending and consumption, benefitting the FMCG sector.”
Budget 2018: Creation of jobs in rural areas, and increasing farmer incomes is the next major requirement. Farmers will also be enabled to sell their produce directly to customers, and incentives are being given to adopt a cluster approach to horticulture production.
Budget 2018:The targets for construction of houses under the Pradhan Mantri Awas Yojana (PMAY) for 2018-19 were also outlined. Under the PMAY (Gramin), 49 lakh houses will be constructed and the outlay for the programme stands at Rs 33,000 crore.
Budget 2018: Budget 2018 is expected to be the last full budget of the current government, and there were some expectations (or worries) that the government might choose fiscal profligacy for political gains over fiscal prudence.
Budget 2018: The biggest positives in this year’s Budget were the increased pricing of the farm produce and the health insurance to ten crore families with an insurance cover of Rs 5 lakh.
Budget 2018: The government will make the contribution to the EPFO for first three years and has allocated an amount of Rs 1,652 crore, which is more than three times the actual spend under the job-incentivising Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) in 2017-18.
Budget 2018: The union budget noted that currently a deduction of 30% is allowed in addition to normal deduction of 100% in respect of emoluments paid to eligible new employees who have been employed for a minimum 240 days during the year.
Budget 2018: The Health Insurance scheme is important because it offers a rational counter to the irresponsible demand for universal basic income, provides a solution to one of the biggest reasons people fall back into poverty, and could potentially unleash consumption because social security needs free up excess savings.
Budget 2018: The MSP for wheat is currently fixed at Rs 1,735/quintal — this is 112.36% higher than the A2 + FL cost of production (Rs 817/quintal), but only 13.77% higher than the C2 cost (Rs 1,525/quintal).
Budget 2018: The seasonal and regional production of these perishable commodities pose a challenge in connecting farmers and consumers in a manner that satisfies both, the FM, Arun Jaitley observed.
Budget 2018: There are several other announcements on which more clarity is needed. The FM announced in the very beginning that MSP will be fixed at cost+50%. It’s still not clear if the government will consider C2 as cost.
Budget 2018: India currently stands tall in the global economy with stable political environment, a promising story for the economy against the backdrop of several structural reforms that is currently underway.
Budget 2018: Finance minister Arun Jaitley informed that in 2018-19, for creation of livelihood and infrastructure in rural areas, the total amount to be spent by various ministries will be Rs 14.34 lakh crore, including extra-budgetary and non-budgetary resources of Rs 11.98 lakh crore.
Budget 2018: With the achieved average growth of 7.5% in the first three years of the current government and set to grow at 7.4% next year as per the International Monetary Fund (IMF), the Indian economy is all set to become the fifth-largest economy in the world. This expected rate of growth will make it one of the fastest growing economies in the world.
Budget 2018: Custom duty increase is aimed mainly to benefit consumer electronic manufacturing (mobiles and TV), agricultural processing (fruit juices, edible oils and other processed foods) and automobiles.
Budget 2018: In order to enhance the accessibility of quality medical education and healthcare, the government plans to set up 24 new government medical colleges and hospitals and upgrade existing district hospitals in the country.
Budget 2018: Exports create massive employment opportunity, particularly in labour-intensive sectors. The fixed-term employment facility for all sectors will benefit exporters, as this has been their long-standing demand.
Budget 2018: The Central Statistics Organisation (CSO) on Wednesday revised upwards growth in gross value added (GVA) by a substantial 50 basis points for the last fiscal when it implemented the note ban, as it revised the numbers for three years — FY15, FY16 and FY17. The rate of expansion in gross domestic product (GDP) in FY17 has been kept unchanged at 7.1%.
After a fortnight of trial run, the crucial anti-evasion measure under the goods and services tax (GST), e-way bill, will become mandatory for transporters across the country from Thursday.
Presenting his budget on Wednesday, West Bengal finance minister Amit Mitra announced a number of schemes to give a booster to West Bengal’s rural sector and socioeconomy at large.
The Centre, the Tamil Nadu government and the World Bank have signed a $100-million loan agreement to promote rural enterprises of the southern state.
Ahead of the Union Budget 2018-19 on Thursday, state-run oil explorer ONGC on Wednesday paid the government Rs 36,915 crore for its 51.1% stake in Hindustan Petroleum Corporation (HPCL), boosting the Centre’s non-tax revenues.
In a ruling on a writ petition filed by a firm last week, the Allahabad High Court directed the Central government to either open the GST Network portal for filing TRAN 1 forms — used by taxpayers to claim transitional credit for taxes paid on pre-GST stock — or process the petitioner’s application manually.
The Jawaharlal Nehru Port Trust’s (JNPT) special economic zone (SEZ) has started to witness some interest. The zone has already received a total investment of Rs 150 crore from six companies, even as it is considering a proposal from Taiwan-based Foxconn Technology.
The Telecom Regulatory Authority of India (Trai) on Wednesday slashed the rate of processing mobile number porting requests by 79% to Rs 4, as the regulator felt that the current rate of Rs 19 is “quite high” compared with the cost and volume of transactions.