Delhi’s debt problem well under control, says Economic Survey ahead of budget

It says the debt-GSDP ratio had declined substantially to 4.86 per cent and the ratio of interest payment to revenue receipts also declined to 7.42 per cent in 2017-18 from the high ratio of 16.79 per cent in 2007-08.
Delhi government, delhi debt problem, manish sisodia, fiscal deficit, Economic Survey 2018-19 News

Delhiite three times richer than rest of the country, per capita income Rs 3,65,529

The per capita income of Delhi at current prices during 2018-19 is estimated at Rs 3,65,529 as compared to per capita income of Rs 1,25,397 at national level.

Delhi per capita income, per capita income, indian economy, manish sisodia, economic survey, Delhi government, tax collection of delhi government News

Very good chance of trade deal with China, says Donald Trump

U.S. and Chinese negotiators had made progress and would extend this week's round of negotiations by two days, Trump told reporters in the White House as he met his top negotiators and their counterp

Economy News

Oil slick: Govt dilutes revenue sharing model for oil exploration

The Centre has also been concerned about contractors not opting for the unexplored blocks in category 2 and 3 basins where they need to explore and establish the prospects.

Hydrocarbon Revenue: Irrational offers prompt changes News

Vote-on-Account Budget:Telangana proposes to waive agricultural loans of up to Rs 1 lakh

An amount of Rs 6,000 crore is proposed towards the waiver, CM K Chandrasekhar Rao said while presenting a vote-on-account Budget

Telangana proposes to waive agricultural loans of up to Rs 1 lakh News

Time has come for a separate debt management office, says Niti Aayog’s Rajiv Kumar

Niti Aayog said a separate public debt management office will help the government to bring down the cost of borrowing.

Economy News

Real estate market to grow five times to $650 billion by 2040; NITI Aayog explains why

The Centre has offered a lot of tax incentives to developers building affordable houses and also tax sops to homebuyers looking to purchase second homes.

Real estate market, NITI Aayog, Rajiv Kumar, RERA, Sotheby International Realty, real estate sector News

Modicare push: Over 12 lakh people availed free treatment under Ayushman Bharat

The government of India has shown its commitment towards strengthening the healthcare eco-system in the country by increasing the investments to 2.5 per cent," Bhushan said in a conference at the 25th

modicare, ayushman bharat, pradhan mantri jan arogya yojana, healthcare industry, Indu Bhushan, free treatment under ayushman bharat News

Modi’s $5 trillion bet: PM promises to put India among world’s top 3; key challenges

India would soon become a $5 trillion economy and find its place among the world’s top 3 economies in the coming 15 years, Prime Minister Narendra Modi said.

Dearness Allowance, DA, government employees, pensioners, general elections 2019, lok sabha elections, narendra Modi, india news

RBI MPC minutes: Central Bank cut rates to fuel growth, correct ‘past inaction’

All the six members of the MPC agreed that the inflation in the near term will remain lower citing low prices of food, fuel, crude oil and house rent allowance.

Economy News

As inflation keeps its head low, will RBI go for further rate cut? Here’s what experts say

The monetary policy committee (MPC) minutes on Thursday revealed that the primary reason behind Reserve Bank of India (RBI) decision to cut policy rate were weakening growth and cooling off inflation

Economy News

GST cut: States warn of large-scale tax evasion by builders

The proposed GST rate cut with denial of input tax credit to builders would come with a condition that builders must ensure 80% of the inputs are procured from GST-registered dealers.

GST cut: States warn of large-scale tax evasion by builders News

End of arbitrage: Uttar Pradesh eliminates GST deficit as businesses shift from Delhi

While the states' overall GST ‘revenue shortfall’ against the assured level has come down from 20% last year (July-March) to about 10% in April-December period this fiscal, a curious picture has e

End of arbitrage: Uttar Pradesh eliminates GST deficit as businesses shift from Delhi News

Game changer for PM Modi? More than 1 crore to receive PM-Kisan payout

The PM Kisan Samman Nidhi was made effective from December 1, 2018, so that by March 31, the first instalment can be paid to eligible farmers.

Pradhan Mantri Kisan Samman Nidhi , pm kisan yojana News

Indian Express Excellence in Governance awards: Who are the DMs doing best work in India?

These biennial awards celebrate the finest work done by District Magistrates across the country — women and men considered the foot-soldiers of governance as they script change that touches the live

Indian Express Excellence in Governance awards News

Stamp duty evasion: Govt to clamp down after president approves changes in law

The President on Thursday gave his assent to the amendments related to financial securities proposed in the Indian Stamp Act, 1899, clearing the way for states to collect stamp duty on securities mark

stamp duty, stamp duty evasion News

Madhya Pradesh regulator refuses to reopen PPAs to revise wind power tariff

The Madhya Pradesh Electricity Regulatory Commission (MPERC) has turned down the state electricity distribution companies’ (discoms) petition to revise the rates at which they procure wind power.

Madhya Pradesh regulator refuses to reopen PPAs to revise wind power tariff News

RBI MPC minutes reveal key factors behind monetary policy rate cut

It can be noted the RBI is mandated to maintain inflation at 4 percent with a 200 bps up or down this level, in the medium-term while addressing the growth concerns as well.

RBI MPC minutes, RBI Monetary Policy Committee, Reserve Bank, monetary policy rate cut, MSME, GDP growth News

What made India the fastest growing major economy? These govt reforms, says NITI Aayog

Narendra Modi became the prime minister in May 2014 after the Bharatiya Janata Party-led National Democratic Alliance won the general elections.

Economy News

Supplementary demands, CAG report presented in Arunachal Pradesh Assembly

Arunachal Pradesh Deputy Chief Minister Chowna Mein on Thursday presented the vote-on-account for the year 2019-20 for four months from April 1 to July 31 this year.

Economy News

Future of income tax: From electronic to faceless assessment, tax officer not to be feared anymore

Government has notified a new scheme of e-assessments of income tax on a pilot basis where the assessment would be done in electronic mode, in order to ensure greater efficiency and transparency. It w

income tax, income tax return, ITR, tax payable, income tax refund, how to pay income tax, income tax challan, Income Tax Challan 280, BSR Code, ITR-1, ITR-4, ITR-4S, Sahaj, Saral, income tax efiling, TDS, interest income, FD interest, NSDL, tax utility, Prepare and Submit Online News

5 years of ‘Make in India’: These hurdles still drag Modi’s ambitious programme

One of the key factors holding India back in the last few years is the subdued private investment in the economy.

Economy News

Modi in South Korea: PM says India on track to become USD 5 trillion economy

Prime Minister Narendra Modi Thursday said fundamentals of the Indian economy are sound and it is on the way to becoming a USD 5 trillion economy soon.

Economy News

PSU bank recapitalisation: Where will government get Rs 48,000 crore for capital infusion?

The PSU banks disproportionately share the burden of non-performing assets. Recapitalisation of these banks would help them to extend fresh credit and thus support credit growth.

Economy News
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