Sunny Verma

Articles By Sunny Verma

16 Articles

Fuel price reduction: Govt in a fix – Niti Aayog says find fiscal space, ONGC has questions

As global oil prices continue to surge, the government’s key policy advisor is of the view that states have to take the lead in cutting duties while the Centre needs to first find the fiscal space before it can slash taxes

oil prices, Niti Aayog, Rajiv Kumar, SUUTI, fiscal balance , ONGC, petrol prices, Unit Trust of India News

Arvind Panagariya says raised red flags, could not stop power centres within

Under Arvind Panagariya, the Niti Aayog piloted a number of reforms ideas in both economic and social spheres, but the sudden departure of its vice-chairman puts under the spotlight the numerous occasions when the difference

Arvind Panagariya, Niti Aayog,  I-T department, Planning Commission, RSS, Prime Minister’s Office  News

Boosting investments: Govt may kick-off asset recycling plans with PGCIL

PGCIL has set itself a target of completing work for nearly Rs 1.2 lakh crore worth over the next four years. The projects already in the pipeline include unfinished parts of 11 high-capacity corridors across the country, alo

Economy News

India, Mauritius to tax fee for technical services through new article in pact

Even the foreign companies earning FTS (fee on technical services) from India used to avoid paying tax in India taking benefit of the beneficial provision of the treaty.

India, Mauritius to tax fee for technical services through new article in pact

Mudra Scheme: Disbursed refinance funds at Rs 1,364 cr till Feb 1st week

Modi launched the scheme — are being branded as PMMY (or Pradhan Mantri MUDRA Yojana) loans.

Need urgent cash? Here is how you can use cardless ATM withdrawals News

For loans over Rs 5 cr: RBI may share defaulter details if probe agencies want the information

While refusing to share the entire database of large loans with the government, the central bank will provide details as may be needed by the investigative agencies, Finance Ministry sources said.

RBI News

Bad loan mess: Centre plans indemnity for bankers to settle NPAs

FinMin seeks views on setting up external committee to approve one-time NPA settlement applications of PSBs.

Need urgent cash? Here is how you can use cardless ATM withdrawals News

Bankruptcy Code: Panel suggestions may not adequately cover cross-border issues

Government sources said it would be premature to infer that the recommendations of the joint committee would be sufficient to effectively deal with cross border aspects of default cases such as that of the Kingfisher Airlines

bankruptcy law, Commercial Appellate Division, commercial division, high courts act News

Why states collected lesser tax revenue on petrol compared to the handsome amount by Centre

This happened since the excise duty levied by the Centre is fixed on per litre of petrol and diesel, while the state’s levy of sales tax or value-added-tax is a percentage of the price.

Oil prices, oil prices today, oil prices falling, oil prices news, oil prices decline, oil prices drop, Wall Street bank, Gulf, Brent, US crude oil News

Fiscal deficit targets: Why Centre’s leeway to states is of little use

Most states, it appears, would not be able to exercise benefits of the extra fiscal borrowing space the Centre is providing, as it is likely going to be a tightrope for them, considering the conditions they need to fulfill.

Economy News

IDBI CEO on merger: No proposal of stake sale to L&T Finance

The bank’s transformation process has been initiated as outlined by finance minister Arun Jaitley but there was no proposal of a merger with L&T Finance, he said.

Industry News

Govt drops plan to bid out unused air traffic rights

Domestic carriers as well as the International Air Transport Association (IATA) have strongly opposed plans to auction unused bilateral rights.

CIT group, CIT airplanes, China, HNA group News

Panama Papers: FM Jaitley warns of sleepless nights as govt review begins

Arun Jaitley on Thursday said the multi-agency group set up to probe offshore accounts disclosed in The Panama Papers and being reported by The Indian Express as part of an ongoing investigation is analysing each and every ac

arun jaitley News

Government bonds: Euroclear agrees to RBI model to clear Indian debt overseas

Finance minister Arun Jaitley in the Union Budget 2014-15 proposed allowing international settlement of Indian debt securities.

Debt Management News

Airports invoke dispute clause as AAI demands audit by CAG

DIAL as well as MIAL, late last December, invoked the dispute clause available in the Operations Management and Development Agreement (OMDA) that they signed with the state-owned AAI in 2006 to modernise and operate Delhi and

airport News

Budget 2016: To boost savings, Centre may axe NPS withdrawal tax

Budget 2016: NPS has AUM of Rs 1.08 lakh cr and 94.68 lakh subscribers as on December 31, 2015, according to data from the National Pension System Trust.

Bad loans News