Rains Forecast: Skymet says 20% chance of above normal monsoon; higher agricultural output on cards?FE Online | April 4, 2018 12:18 PM
Even as we move towards the monsoon season in India, Skymet Weather has forecasted a 20% chance of above normal monsoon, and a 5% chance of excess rain in 2018. Will it boost agriculture output leading to higher growth?
PTI | April 3, 2018 11:02 PM
The Andhra Pradesh government today said the Centre ‘grossly failed’ in effectively implementing the Goods and Services Tax (GST) and accused it of ‘sidetracking’ the new taxation system.
PTI | April 3, 2018 7:35 PM
The CBDT has directed the Income Tax Department to finish in two months the exercise of issuing notices, as part of the ‘Operation Clean Money’, to those who deposited huge funds post demonetisation.
Delhi government sits on Rs 40 crore; no toilet built under Swachh Bharat in 2-and-a-half years: CAGAshish Pandey | April 3, 2018 6:46 PM
There are 3.5 lakh households in Delhi – nearly 10.5 per cent of all the households – which do not have any toilet facility, and twenty two percent slums did not have any latrine facility, according to Economic Survey of Delhi 2016-17.
FE Online | April 3, 2018 4:55 PM
With petrol prices at near 5-year high, and diesel prices at all-time high levels, after oil marketing companies hiked prices yesterday, analysts point out that the rising petrol and crude oil prices could have a negative impact on the already precarious current account deficit and inflation.
PTI | April 3, 2018 4:36 PM
The Reserve Bank is unlikely to yield to the India Inc’s pressure for a benign monetary policy stance by keeping policy rates unchanged in its first monetary policy review of 2018-19 to be announced on Thursday against the backdrop of hardening global crude oil prices.
PTI | April 3, 2018 4:18 PM
No bureaucrat will be entitled to ISD facility on residential telephones from the government, though only secretary-level officers can have such facility on their office landline phones, Finance Ministry guidelines stated.
PTI | April 3, 2018 3:55 PM
India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.
PTI | April 3, 2018 2:58 PM
The Central Board of Direct Taxes (CBDT) has signed 14 unilateral advance pricing agreements (APAs) with Indian taxpayers in March as it looks to reduce litigation by providing certainty in transfer pricing. Besides, it has signed two bilateral APAs with the US during the month, a CBDT statement said.
FE Online | April 3, 2018 12:52 PM
Taking stock of the current economy, a latest HSBC report says that the growth inflation-mix is steadily improving, and a recovery is certainly underway.
PTI | April 3, 2018 12:10 PM
An indigenous aromatic rice, grown in a small pocket of north Bengal, has gained so much interest among the farmers due to the state government’s encouragement that its area of cultivation has increased by 45 per cent in just three years, district officials said.
PTI | April 3, 2018 11:41 AM
India’s manufacturing sector activity fell to a five-month low in March, as new business orders rose at a slower pace, and firms showed little appetite for recruitment, says a monthly survey.
FE Online | April 3, 2018 11:33 AM
The RBI will remain cautious and maintain a neutral policy stance, global brokerage UBS said.
FE Online | April 3, 2018 10:08 AM
In what give some significance to the government’s claim on black money crackdown and a series of steps including GST and demonetisation to encourage formalisation of the economy, the income tax returns for FY18 have surged helping the government to exceed the direct tax collections budgetary target.
Agencies | April 3, 2018 9:00 AM
Beijing has repeatedly said it does not fear a trade war with the United States, but it has also urged Washington to come to the table and resolve their trade differences.
FE Bureau | April 3, 2018 6:03 AM
Improved buoyancy and slow refunds take direct tax collections to `10L crore; fiscal deficit lower than RE, tweets DEA secretary.
PTI | April 2, 2018 11:58 PM
Arvind Subramanian, Chief Economic Advisor to Prime Minister Narendra Modi, today said it is easy to advocate one uniform GST rates for all goods, but it cannot be done ignoring political realities.
PTI | April 2, 2018 6:31 PM
Eight infrastructure sectors grew by 5.3 per cent in February, mainly helped by a robust performance of refinery products, fertiliser and cement segments.
FE Online | April 2, 2018 6:09 PM
In a major boost to the government, the direct tax collection exceeded the revised budgetary target in the FY18.
GST revenue on upswing as February mop up stands at Rs 90,000 crore, says Finance Secretary Hasmukh AdhiaFE Online | April 2, 2018 5:45 PM
Finance Secretary Hasmukh Adhia on Monday said that the February GST collections till March end stand at around Rs 90,000 crore.
PTI | April 2, 2018 3:02 PM
The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said today.
FE Online | April 2, 2018 11:31 AM
The Reserve Bank of India (RBI) will come out with its first monetary policy review of this fiscal on April 5. In its last review, the central bank maintained a status quo in terms of policy rates.
FE Online | April 2, 2018 9:58 AM
More than 1.71 lakh inter-state e-way bills were generated on the day of its relaunch, the Finance Ministry data said.
PTI | April 1, 2018 9:02 PM
The state has been using the e-way bill platform since September last year for intra-state movement of goods.
RBI monetary policy April 2018 update: Status quo likely to be maintained in first review after Budget; here’s whyPTI | April 1, 2018 1:06 PM
The six-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, is to meet on April 4 and 5.
Reducing farmers’ woes: Modi government tells states to use technology for settling crop insurance claimsPTI | April 1, 2018 12:39 PM
The Centre has asked the state governments to use latest technology to ensure timely settlement of this year’s insurance claims under the Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said.
Pragya Srivastava | April 1, 2018 9:52 AM
e-Way Bill (Electronic Bill) is all set to roll-out from today for inter-state movement of goods and services for value more than Rs 50,000. It is an online generated document required by the person in charge of the transportation for the movement of goods.
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