Economy

Tata Power arm seeks more time to get states’ nod for Mundra PPA revision

The electricity regulator did not accept CGPL’s petition as the company had approached the quasi-judicial body unilaterally, requesting it to direct the distribution companies (discoms) to adopt rev

Tata Power arm, Coastal Gujarat Power, Mundra ultra mega power plant,  power purchase agreements News

Debt ETF may have G-Secs in portfolio

In India, the corporate bond market constitutes a relatively small size of around 13% in terms of GDP compared with the government bond market, which is around 30.4% in terms of GDP.

Debt ETF, G-Secs, debt exchange-traded fund, PSU, debt ETF, GDP News

Coal India dispatches fall for second straight month in January

The last quarter of a fiscal year is usually the time when coal production peaks. Coal ministry officials had earlier told FE that they were banking on an increase in CIL output to replace the increme

Economy News

PM Kisan scheme: Govt announces exclusion criteria – Check who won’t get it

The benefit of the scheme would be provided to all small and marginal landholder farmer families who collectively own cultivable land of up to 2 hectares as per land records of concerned state/UTs, su

PM Kisan Samman Nidhi, budget 2-019 for farmers, marginal farmers,  agriculture ministry, PM-KISAN News

RBI changes release time of monetary policy statement; check new schedule

In a departure from the norm held for over two years, RBI Monetary Policy Committee (MPC) will release its sixth bi-monthly policy statement on February 7 at 11:45 am instead of 2:30 pm.

rbi dividend, reserve bank of india dividend, rbi dividend to government 2018, rbi dispute with government News

Dewan Housing, IL&FS crises expose NBFCs financial troubles; retail lenders still better placed

India Ratings and Research said this week that the retail NBFCs are better placed than wholesale NBFCs. India Ratings has accorded a stable outlook on the retail NBFCs sector, but a negative outlook f

Economy News

GST anti-profiteering: An unending dilemma for taxpayers

Even after 25 orders have been passed by the National Anti-Profiteering Authority (NAA) there continues to be inconsistency in its approach in dealing with the cases of alleged profiteering from GST r

Economy News

New Ease of Doing Business ranking coming: Govt begins this year’s ranking process for states

Last year, these rankings were announced in July. Andhra Pradesh topped the chart and it was followed by Telangana and Haryana.

Economy News

RBI Monetary Policy: Under Shaktikanta Das, will central bank change rates? Here’s what CARE says

The six-member MPC headed by RBI Governor Shaktikanta Das on Thursday will present the sixth bi-monthly monetary policy statement for 2018-19.

Economy News

Assam Budget 2019 Highlights: one tola gold to bride,free textbooks and e-bikes for students and more

Assam Finance Minister, Himanta Biswa Sarma on Wednesday presented the fourth budget of the state for the fiscal year 2019-20 in the Legislative Assembly.

Economy News

India’s shadow banks dread builder bankruptcies: Andy Mukherjee

Leaving aside the relatively safe avenue of lease-rental discounting, India has about 3.4 trillion rupees ($47 billion) of outstanding developer loans.

Economy News

Greater efforts will be needed to reduce fiscal deficit, says IMF

The International Monetary Fund said that greater efforts will be needed to reduce the fiscal deficit as the interim budget envisages a slower pace of fiscal consolidation than previously planned.

Economy News

Spectrum to Railways: Telecom department to seek regulator’s views

As per telecom secretary Aruna Sundararajan, the DoT has never allocated access spectrum to anybody without charging till now and that is why, the view of Telecom Regulatory Authority of India (TRAI)

Economy News

Farm loan waiver: Rollout in Madhya Pradesh from February 22

“Provisional claims settlement has started and the loan waiver amount will be sanctioned at the district level between February 15-20,” said Rajesh Rajora, principal secretary (agriculture).

Farm loan waiver, Madhya Pradesh government, Rajasthan, Chhattisgarh, Kamal Nath, Jai Kisan Rin Mukti Yojana News

Income tax returns filings grew by over 37% in April-January

During the April-January period of the last two fiscals, the growth was more subdued at 17 percent and 20 percent, respectively. At the end of FY14, only 3.8 crore e-returns had been filed. The govern

Economy News

Data Localisation: ‘One-size-fits-all approach will be harmful’

While there was consensus among the panelists that “critical data” should remain localised, most felt that data localisation would not provide solutions.

Economy News

India’s oil trade with Venezuela has gone down since sanctions: Ambassador Augusto Montiel

India’s oil trade with Venezuela has gone down since sanctions were imposed on the Latin American country, its Ambassador to India Augusto Montiel said on Tuesday. Montiel, while speaking to rep

Economy News

Record 15.77 lakh public grievances received in 2018: Government

The highest disposal of public grievances was achieved in the departments of Financial Services, Health and Family Welfare, Posts, Telecommunications, Railways and Home Affairs.

public grievances, complaints, financial Services, Health and Family Welfare, Posts, Telecommunications, Railways, Home Affairs News

Modi govt disburses over Rs 8,300 crore subsidy to 3.77 lakh home buyers under PMAY

In the current financial year, the government has so far disbursed 5,372.90 crores to 2,36,129 home buyers under the CLSS across the country.

Pradhan Mantri Awas Yojana, Durga Shanker Mishra,  Narendra Modi, PMAY (U)  News

Income Tax refunds in 24 hours; here’s how much you will have to wait before it becomes reality

While presenting the 2019-20 interim budget, Finance Minister Piyush Goyal had said the Income Tax Department now functions online and returns, assessments, refunds and queries are all undertaken onli

gratutity, Taxation on gratuity, government employee, Gratuity Act, income tax, tax slab rate News

Win for government in war on black money as Switzerland set to share HSBC account details

Switzerland is set to transfer details of the Indian account holders in HSBC (Suisse).

dollar to inr, dollar rate, dollar to rupees, dollar price, dollar rate today News

Budget 2019 fails to address deepening jobs crisis

Even as India craves for jobs, Narendra Modi government’s last budget 2019 is largely seen to be silent on the matter, not having done much to create employment opportunities.

Economy News

Worry lines for Modi govt: Direct tax collection could fall short by Rs 65,000 crore

If the historical mop-up trend serves any guidance, some 65% of the annual direct taxes get collected in the first nine months of a fiscal year and the balance in the fourth quarter.

Interim Budget, Direct tax collection, Modi govt, gross tax revenue, personal income tax, personal income tax collections, corporation tax News

New PIT disputes see a drop

The latest data, as revealed in Friday’s interim Budget, however, seem to suggest either a drop in new claims or withdrawal of cases made in the area of personal income tax (PIT).

personal income tax, PIT disputes, direct tax disputes, interim Budget News

Direct tax growth in 2019-20 could even beat estimate, says Finance Secretary Ajay Narayan Jha

With GST forms made simpler, we are expecting better compliance and enforcement next year.

scheme for farmers,PM-Kisan, finance secretary, Ajay Narayan Jha, Direct tax growth News

US-China tariff hike would trigger downturn, trade diversion: UN

"The implications are going to be massive," Pamela Coke-Hamilton, head of international trade at UNCTAD, told a news conference. "The implications for the entire international trading system will be s

Economy News

Telcos seek GST waiver on payments to government, Rs 35K-cr input credit adjustment

In a letter to Telecom Minister Manoj Sinha Monday, the Cellular Operators Association of India (COAI) said value-added tax or goods and services tax (GST) is not applicable to government services int

Telecom, Reliance Jio, GST waiver, GST waiver on payment, GST, credit adjustment, spectrum payments News
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