Economy News

  • Trai said that due to layering of service providers in the value chain.
    Regulator calls for review of licence fee, SUC

    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 […]

  • The homebuyers have requested the banks to keep EMIs in abeyance and not to charge penal interest on the unpaid EMIs till there is some clarity on the issue of possession/refund with regard to the Jaypee projects.
    Jaypee homebuyers urge banks for moratorium on EMIs

    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.

  • union budget 2018
    Budget 2018: Consumption gets a Bharat boost

    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: The Budget was expected to be a populist and ‘election’ Budget. (PTI)
    Why it is the boldest and most comprehensive Budget ever

    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: As per the Budget, the government will set up a dedicated fund for affordable housing. (Reuters)
    Budget 2018: Affordable housing gets a leg-up

    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: It is usual to have a plethora of expectations from the Union Budget, and a yearning for so-called “big-bang” reforms and announcements. (Reuters)
    Budget 2018 has many positives for private consumption

    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: If there is one area which is a disappointment, it is the corporate tax not going down. (Reuters)
    Budget 2018: Why increasing MSP is a huge rural sentiment boost

    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: All new employees, across sectors earning less than Rs 15,000 per month, will benefit from the government's plan to bear the employers' entire contribution towards employees' provident fund (EPF) of 12%.
    Budget 2018: Modi govt nudges firms to hire more

    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: An outlay of a whopping Rs 14.34 lakh crore will be earmarked for projects towards creating livelihoods and infrastructure in the rural areas.
    Budget 2018 has a big rural push to create more jobs

    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: At a recent job fair when we offered a 21 year old a salary of R20,000, she turned around and asked “Haath Waali ya Chitthi waali salary?”
    Budget 2018: Fixing the original breeder of informal employment

    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: In his Budget speech, finance minister Arun Jaitley announced that the minimum support price (MSP) will be raised by 1.5X over the cost of production for rabi crops.
    Budget 2018: What cost will Finance Ministry Arun Jaitley use for MSP?

    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: Operation greens, a Rs 500-crore initiative, promises to bring farmers closer to the market place with better logistics and processing facilities.
    Budget 2018: Like Operation Flood for milk, Operation Greens will boost storage and other facilities for vegetables

    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: Even though the excitement on the Budget eve is predominantly an urban phenomenon through which our elite think the direction of economic policy can change, the rural and agriculture sector does not pin such high hopes on it. (Reuters)
    Budget 2018: Ray of hope for farmers, but implementation is key

    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: The global economy is currently in a sweet spot and in the best position since the global financial crisis in 2008.
    Budget 2018: Focus on rural sector is good economics

    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: Budget 2018, for infra, recognises two realities — agrarian distress and the last year before the general elections. It seeks to address both these realities.
    Budget 2018 has disaggregated rural infrastructure focus

    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: The Union Budget announced on Thursday is the vision taken forward by the government, with special focus on education, agriculture, health and social protection for the masses. (PTI)
    Budget 2018 will accelerate demand in rural areas

    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: One of the key thrust areas of the Budget this time around has been Make in India. (Reuters)
    Budget 2018: Make in India is the clarion call

    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: Two major initiatives under the “Ayushman Bharat’’ programme, for improvement in the primary healthcare infrastructure and increase in the insurance coverage for poor families, are a major positive for the sector. (Reuters)
    Budget 2018 impact on Healthcare

    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: The Budget puts its focus on rural economy and rightly so. The two key concerns have been rising unemployment and declining farmers’ income. (Reuters)
    Budget 2018: How rural economy will benefit

    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 budget date budget 2018 india India budget Union budget 2018 budget 2018 expectations national data impact on budget budget national data impact
    National accounts: FY15-17 data revised, no impact on Budget 2018

    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%.

  • gst, e filing gst, gst e billing, gst impact on transporters
    GST: E-way bill system becomes mandatory for transporters from today

    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.

  • budget 2018, bengal budget, west bengal budget, amit mitra budget
    Bengal budget focuses on rural sector

    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.

  • tamil nadu loan for rural business, loan for rural enterprises, world bank loan for tamil nadu
    Tamil Nadu to get $100-m WB loan to boost rural enterprises

    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.

  • ongc hpcl deal, hpcl ongc deal, ongc hpcl acquisition
    ONGC pays government Rs 36,915 crore for HPCL

    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.

  • gst portal not opening, allahabad high court on gst portal issue, tran 1 form e filing
    Allahabad HC wants GST portal open for filing of TRAN 1 forms

    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.

  • Jawaharlal Nehru Port Trust, Jawaharlal Nehru Port Trust sez, Jawaharlal Nehru Port Trust special economic zone
    JNPT SEZ attracts interest, Foxconn eyes 200-acre plot

    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.

  • Trai, Trai mnp charges, Mobile Number Portability charges, Mobile Number Portability charges reduced
    TRAI cits MNP charges to Rs 4

    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.

Horoscope: By Peter Vidal

Today ( 24 Feb )This Week ( 18 Feb - 03 Mar )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more