Economy News
GST relief for MSMEs: Disappointing news - Sector may not get more benefits before 2019 polls
Sumit Jha | September 25, 2018 3:58 AM
A persistent shortfall in the goods and services tax (GST) collections has forced the GST Council to move slowly on the plans to give more sops to micro, small and medium enterprises (MSMEs).
Rising imports from China hit MSMEs hard: House panel
FE Bureau | September 25, 2018 3:41 AMTrade between the two countries has been lopsided, with India running a deficit of $63 billion with China.
Oilseed farmers to get direct assistance of Rs 3k-5k per hectare
FE Bureau | September 25, 2018 3:29 AMIncome tax relief for businesses: Return filing deadline extended; ample time to reconcile with GST return
FE Online | September 24, 2018 6:57 PMIndia to be USD 100 billion FDI destination by 2022: PHD Chamber
PTI | September 24, 2018 8:56 PMModi government's populist promises to push spending by Rs 38,000 crore. Will it impact fiscal deficit?
Prasanta Sahu | September 24, 2018 2:38 AMAndhra Pradesh gets 1st rank in Ease of Living Index under AMRUT
PTI | September 24, 2018 4:50 PM-
GST relief for MSMEs: Disappointing news – Sector may not get more benefits before 2019 polls
Sumit Jha | September 25, 2018 3:58 AMA persistent shortfall in the goods and services tax (GST) collections has forced the GST Council to move slowly on the plans to give more sops to micro, small and medium enterprises (MSMEs).
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ONGC seeks lower royalty outgo to boost coffers
Saurabh Kumar | September 25, 2018 3:51 AMUpstream major seeks revision of post-wellhead crude costs for nomination fields.
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Rising imports from China hit MSMEs hard: House panel
FE Bureau | September 25, 2018 3:41 AMTrade between the two countries has been lopsided, with India running a deficit of $63 billion with China.
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Oilseed farmers to get direct assistance of Rs 3k-5k per hectare
FE Bureau | September 25, 2018 3:29 AMThe assistance will be in the form of agriculture inputs like seeds, fertilisers and pesticides. The sops being planned are similar to those given to pulses farmers in the last two years.
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India to be USD 100 billion FDI destination by 2022: PHD Chamber
PTI | September 24, 2018 8:56 PMIndia is approaching towards USD 100 billion FDI inflow per annum by 2022 as volumes of foreign direct investment are increasing year after year, PHD Chamber of Commerce and Industry Vice President D K Aggarwal said Monday.
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Income tax relief for businesses: Return filing deadline extended; ample time to reconcile with GST return
FE Online | September 24, 2018 6:57 PMThe government on Monday gave a much wanted relief to business entities by extending the deadline for filing Income Tax Return (ITR) and audit report for financial year 2017-18 by a fortnight to October 15.
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Andhra Pradesh gets 1st rank in Ease of Living Index under AMRUT
PTI | September 24, 2018 4:50 PMAndhra Pradesh has topped the chart in the ‘Ease of Living Index’ rankings under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), followed by Odisha and Madhya Pradesh, the Union Housing and Urban Affairs ministry said on Monday.
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Implementation of Free Trade Agreement can help grow intra-BIMSTEC trade, says official
PTI | September 24, 2018 3:24 PMThe implementation of Free Trade Agreement can help the intra-BIMSTEC trade grow up to USD 240 billion from the current estimated USD 40 billion, said a senior official of the seven-member bloc that includes India.
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Modi government’s populist promises to push spending by Rs 38,000 crore. Will it impact fiscal deficit?
Prasanta Sahu | September 24, 2018 2:38 AMOn February 1, the government had unveiled the Union Budget 2018-19 with an expenditure estimate of Rs 24.42 lakh crore.
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China’s debt rises to USD 2.58 trillion
PTI | September 23, 2018 7:02 PMChina’s spiralling debt, a major concern for the slowing down of its economy, has risen to USD 2.58 trillion, a media report said Sunday.
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Ayushman Bharat: 8 stunning facts about world’s largest healthcare scheme launched by PM Modi
FE Online | September 23, 2018 4:29 PMAyushman Bharat, Modi government’s flagship healthcare programme which will provide Rs 5 lakh cover each to 10 crore poorest families, was launched today. Here are 8 stunning facts about the scheme.
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Ayushman Bharat is for all, those going to temple, mosque or church, says PM Modi at PMJAY launch
FE Online | September 23, 2018 2:53 PMPrime Minister Narendra Modi today said that Ayushman Bharat will provide healthcare cover plan to 50 crore poorest of Indians, which is bigger than the entire population of European Union.
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Over 40 percent firms believe RBI will further hike interest rates in current fiscal, reveals CII survey
PTI | September 23, 2018 12:59 PMOver 40 per cent of Indian companies surveyed by industry chamber CII are expecting that the Reserve Bank will go in for a further hike in interest rates in the current fiscal.
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Government to ‘soon’ curb on imports to bring rupee to 68-70 level against US dollar
PTI | September 23, 2018 1:09 PMThe government will “very soon” implement the second set of measures including curb on imports of non-essential items to shore up rupee to 68-70 level against the US dollar, Economic Affairs Secretary Subhash Chandra Garg said, terming the about 12 per cent slide in the currency as a temporary phenomenon.
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Fluctuating rupee, regulations make real estate more lucrative for NRIs
PTI | September 23, 2018 11:49 AMA fluctuating rupee, and introduction of various regulations to bring in transparency and accountability, are making real estate more lucrative for non-resident Indians (NRIs), experts say.
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Contingent workforce continues to thrive in Asia Pacific, says Report
PTI | September 23, 2018 11:39 AMCompanies in the Asia Pacific region including India are integrating freelancers, independent contractors and consultants at a rapid rate into their existing pool of employees, says a report.
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GST returns: GSTN directs Infosys to design new forms
IANS | September 23, 2018 7:47 AMThe Goods and Services Tax Network (GSTN) has directed its software vendor Infosys to design new forms for filing returns by traders.
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GSTN to find cause for dip in revenue: Sushil Kumar Modi
PTI | September 22, 2018 10:40 PMGoods and Services Tax Network (GSTN) would conduct an audit to find out the reasons for revenue shortfall in some states across the country, BiharDeputy Chief Minister and chairman of GSTNGroup of Ministers (GoM) SushilKumarModisaid Saturday.
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Infosys to design new forms for filing GST returns
IANS | September 22, 2018 8:34 PMThe Goods and Services Tax Network (GSTN) has directed Infosys to design new forms for filing returns by traders, said its Group of Ministers Chairman Sushil Kumar Modi.
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Trump’s H1-B visa update: US says will end work permits for families in 3 months
PTI | September 22, 2018 5:55 PMThe Trump administration in the United States has told a federal court that its decision to revoke work permits to H-4 visa users, a significant majority of whom are Indian-Americans, is expected within the next three months.
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Ayushman Bharat launch today: Healthcare budget not enough, but it’s a long-term game
Pragya Srivastava | September 23, 2018 4:28 PMAyushman Bharat aka PM-JAY aka National Health Protection Mission aka Modicare will subsume Rashtriya Swasthya Bima Yojana (RSBY) and the Senior Citizen Health Insurance Scheme (SCHIS).
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India pulled out 271 million people out of poverty in 10 years, says UNDP report
FE Online | September 22, 2018 12:21 PMJharkhand made the biggest strides among all states in reducing multidimensional poverty, with Arunachal Pradesh, Bihar, Chhattisgarh, and Nagaland only slightly behind.
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GST refunds: Already late, e-wallet to miss October deadline
Sumit Jha and Banikinkar Pattanayak | September 22, 2018 2:50 AMThe roll-out of an e-wallet mechanism for exporters under the goods and services tax (GST) regime may be delayed again beyond the proposed date of October 1, as the required systems are not yet in place, according to trade and official sources.
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From Rs 2 cr to Rs 10 cr – CBIC think-tank for raising revenue limit for GST returns
Sumit Jha | September 22, 2018 2:29 AMDGGST has raised reservations about some provisions in the new return filing system.
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CERC allows GST relief for solar projects
FE Bureau | September 22, 2018 2:26 AMProviding a relief to solar power developers, the Central Electricity Regulatory Commission (CERC) has held that the introduction of the GST would be considered as ‘change in law’.
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Finance ministry officials to brief parliamentary panel on ponzi scheme bill
PTI | September 21, 2018 10:26 PMSenior finance ministry officials will brief a parliamentary committee later this week on a Bill to ban ponzi schemes.
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US seeks greater access to Indian market for trade, investment
PTI | September 21, 2018 6:09 PMUS seeks greater access to Indian market for trade, investment, Sep 21 () Seeking greater access to Indian market for trade and investment, the United States Thursday said this would encourage the collaboration on many emerging technologies that will protect and drive the economies of the two nations.
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