Economy

Jalan panel report on RBI’s capital size to be finalised by June-end: Governor Shaktikanta Das

"Jalan panel report will come at the end of the month, and we have to wait for the report," RBI Governor Shaktikanta Das said here Wednesday.
Jalan panel report, Bimal Jalan committee, Reserve Bank, Finance Ministry, Shaktikanta Das, N S Vishwanathan, RBI board News

Tax body seeks extension of GST return filing by four months

Tax and legal consultants Wednesday complained about the time-limit of three months given to file the GST returns for 2017-18 as hundreds of amendments, notifications and circulars have made the Act

IGST refund, CBIC, IGST on goods, IGST payments, GST Network, gst refunds News

Trade war: China says history shows positive outcome from US talks possible

Speaking at a daily news briefing, foreign ministry spokesman Lu Kang said it was important to find a solution that was acceptable to both sides.

Trade war, US China trade war, China, US, G20 Summit, President Trump, President Xi Jinping, Donald Trump, Xi Jinping  News

UK Sinha panel on MSMEs submit report to RBI

"The committee held its deliberations including consultations with various stakeholders and has submitted its report to the governor," RBI had said in a statement Tuesday.

UK Sinha panel, MSME, RBI, Shaktikanta Das , RBI governor, MSME sector News

Monsoon in India: All eyes on rainfall that is critical for the economy

The India Meteorological Department (IMD) has forecast average rainfall in 2019, while the country's only private forecaster Skymet has predicted below-normal rainfall.

The monsoon arrived in Kerala on June 8 versus the usual June 1. (PTI File Photo) News

US pips China to become India’s largest trade partner amid tariff war; check others in top 10

The US has pipped China to become India’s top goods trade partner in FY19, the official data showed.

The dollar index versus a basket of six major currencies was little changed at 97.509 after rising to 97.583 on Friday, its highest since June 3. News

US expresses ‘strong views’ on IMF loan to Pakistan, pushes for ‘conditionality’

The US has serious reservations over global lenders like the IMF providing a bailout to Pakistan to pay off Chinese debts.

While the US aid is USD 70 million, the IMF loan is USD 6 billion. News

US-China economic relationship ‘unbalanced’: USTR

Responding to questions, Lighthizer rued previous administrations did not put enough efforts to address the problem posed by China.

The US, he said, is involved in a very difficult trade struggle. (Representational image) News

Top US Senator urges USTR to reinstate India into GSP

In the last one month, President Trump has terminated GSP benefit of two of his closest allies and friend Turkey and India.

Under the GSP programme, nearly 2,000 products including auto components and textile materials can enter the US duty-free (Representational image) News

US, China rekindle trade talks ahead of Donald Trump-Xi Jinping G20 meeting

Trump said on Tuesday that teams from the two sides would begin preparations for the leaders to sit down at the G20 summit in Osaka.

In a speech Tuesday night formally launching his 2020 re-election campaign, Trump said he had taken "historic action to confront China's chronic trading abuses." (Reuters image) News

EU to India: How will you double farmers’ income by 2022?

Ahead of a meeting of the WTO’s committee on agriculture on June 25-26, countries have submitted questions on various farm policies adopted by India, purportedly with an aim to gauge if these are tr

Economy News

Bhavantar Scheme: Committee found no evidence of price suppression in Madhya Pradesh

The committee attributed the below MSPs of these crops to higher arrivals and suggested the government intervention in the market should be ‘continual’.

Economy News

Low job creation: Niti Aayog plans to seek opinion of experts

The move comes at a time when India’s unemployment level is at 45-year high and the GDP growth rate has plummeted to a 20-quarter low of 5.8% in January-March 2019.

Economy News

Close to 2 million jobs formalised due to GST, demoetisation, says report

The Narendra Modi-led NDA government had in November 2016 announced demonetisation of specified high value banknotes; GST, a comprehensive indirect tax that subsumed various central and state levies,

women workforce, future of work, women employment, artificial intelligence, jobs for women, global trend of women, women labour force News

Exporters’ wait for I-GST refunds may get even longer – Here’s why

In the online system, a firm offsets taxes paid on input from the IGST to be paid on export and then applies online for refund. The entire process of receipt of refund takes about two weeks or less.

Economy News

CCI to conduct a study on e-commerce in India

Preliminary findings of this study will be presented at a workshop, scheduled to be held at the end of August. All relevant stakeholders will be invited to share their views and deliberate on identifi

ecommerce policy, GDP growth, indian economy, Retail in India, retail sector, Flipkart, amazon, income distribution, WTO News

RBI sets up panel under UK Sinha to study MSMEs

The central bank said the committee will study the impact of the recent economic reforms on the sector and identify the structural problems affecting its growth.

RBI, UK Sinha, MSME, MSME sector, ICICI Bank, monetary policy, economy news

PM Modi to attend NITI Aayog meeting of economists, sectoral experts on June 22; here’s agenda

Prime Minister Narendra Modi will interact with leading economists and experts on Saturday to deliberate on economic policy roadmap for promoting growth and employment generation.

narendra modi budget 2019 News

IGST refund: Here’s how govt plans to tackle bogus claims

Currently, Integrated GST (IGST) refunds are issued to exporters automatically based on shipping bills filed with customs and goods and services tax returns filed with central tax authorities.

IGST refund, CBIC, IGST on goods, IGST payments, GST Network, gst refunds News

Maharashtra budget 2019: From agriculture to rural infra, check fund allocation for key sectors

In what is the last budget for the current term, Chief Minister Devendra Fadnavis-led Maharashtra government presented the state budget for FY20 on Tuesday in the state assembly.

CBDT, Income Tax, black money, black money case, money laundering, terror financing, corruption, income tax evasion, money news

GST Council meet: From rules to curb tax evasion to NAA’s tenure extension; what may be on agenda

The first meeting of GST to be chaired by new finance Minister Nirmala Sitharaman on 21 June is expected to take decisions to curb tax evasion.

GST Council, NAA, ENA, GST rate cut benefits, B2B sales, gst evasion, GST law News

Govt sacks 15 senior tax officers on charges of corruption, misconduct

In a bid to clamp down on corruption, the government on Tuesday dismissed 15 very senior officers from the CBIC department.

DoPT, corrupt babus, Central Vigilance Commission, Prevention of Corruption Act, CBI, corruption news

Bangladesh seeks Indian investments in 100 Special Economic Zones

This is the first meeting between the two leaders after Momen took over his charge five months back and former diplomat Jaishankar who took over as the new external affairs minister last month.

Bangladesh india ties, Indian investments in Special Economic Zones, SEZ in Bangladesh, Tajikistan, Act East policy, S Jaishankar News

Wind capacity addition likely to improve to 3.5-4.0 GW in FY20: Icra

Since February 2017, the overall wind power capacity awarded by the central nodal agencies and the state distribution utilities has been sizeable at more than 12 GW, providing a visibility for substan

Wind energy India, wind power India, renewable energy, wind energy capacity, icra News
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