GSTN develops system to fetch e-way bill data into monthly sales returns to curb evasion

Matching of invoices of e-way bills with the sales shown in GSTR-1 will help taxmen in assessing whether the supplies have been accurately shown in sales return and GST paid on the same, tax experts s

GSTN, eway bill, GSTR-1,  GST Network, GST portal, eway bill data News

Government may meet fiscal numbers this year, says report

The government's gross market borrowing in FY20 will be Rs 6.50 trillion while net market borrowing to be at Rs 4.13 trillion, less than FY19 estimate of Rs 4.20 trillion, the report said.

fiscal deficit, fiscal numbers, GDP growth, National Small Savings Fun, Sukanya Samridhi accounts rates News

5 budgets that changed India: From Manmohan Singh’s ‘Epochal Budget’ to Chavan’s ‘Black Budget’; here’s list

As we are heading close to this year's budget day -- though, an interim one -- we decided to pick five budgets that had a significant impact on India for years.

As we are heading close to this year's budget day -- though, an interim one -- we decided to pick five budgets that had a significant impact on India for years. News

Members who quit NSC never expressed reservations during meetings: MoSPI

The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government on the back-series GDP data and del

National Statistical Commission, MoSPI, EPF, ESI scheme, GDP, National Pension Scheme News

Modi’s India achieves slight success in improving corrupt nation image in 2018; check least, most corrupt

India jumped by three points to 78 as it improved its ranking on a global index in 2018, a corruption perception index showed.

black money, modi government, swiss bank accounts holders, VK singh, india switzerland tax treaty, india News

Trade wars: India may defer retaliatory tariffs against US yet again

However, India is the only major country whose goods trade surplus with the US narrowed in both 2017 and 2018 — a fact New Delhi has been highlighting in its talks with Washington.

Economy News

Power transmission projects: Less than 18% of Rs 10,894-crore funds utilised

As many as 117 projects were under implementation across the country based on grants from PSDF, and only Rs 1,894 crore had been disbursed to them till October 31, 2018.

Economy News

Several Agreements on the anvil when Argentinian President visits India next month

India and Argentina will seek to further deepen and expand cooperation in wide range of sectors including renewable energy, nuclear energy, space and agriculture, aviation, mining (lithium, gold and c

india argentina ties, mauricio macri, Nuclear Energy, Solar Energy, ONGC Videsh Ltd News

Proposal to encourage taxmen to file GST profiteering complaints on anvil

Under the standard operating procedure (SoP) being worked out by the GST officials, the Central and state government tax officers will be encouraged to take up suo moto the issue of profiteering by b

GST profiteering, gst, anti profiteering, DGAP, NAA, gst benefits, GST rate cut benefits News

Budget 2019: Announcing sops for farmers would not upset next year’s fiscal math

Budget 2019: With the Modi government's final budget before 2019 polls expected to be more than vanilla vote-on-account, announcing sops for farmers would not pose a huge problem to the fiscal math fo

Budget 2019 News

Budget 2019: Basic income support to cost a whopping Rs 1.5 lakh crore to India

Budget 2019: In view of the upcoming general elections, the agency said the focus of both the Centre and the state budgets will be on measures to address the farmers' woes.

Basic income support, interim budget, GDP, farm loan waivers, indian economy, Rythu Bandhu scheme News

Gems & jewellery sector seeks cut in gold import duty to 4%

All India Gem and Jewellery Domestic Council (GJC) chairman Anatha Padmanabhan in a letter to finance minister Arun Jaitley said the 10 per cent import duty on gold was levied to curb current account

Economy News

10 per cent quota: A panacea for poverty? Here is what else Modi govt could do

The 10 per cent reservation is meant for individuals whose annual earning is below Rs 8 lakh per annum and those who possess less than five acres of agriculture land.

Economy News

Rahul Gandhi’s Minimum Income Guarantee scheme brings Universal Basic Income again into the limelight

However, it is often argued that the implementation of the minimum income guarantee scheme would require not only rolling back of various subsidies but a significant reduction in government spending.

Economy News

Now, Indian tobacco in Chinese cigarettes; India heads to market with world’s highest number of smokers

Amid rising health-related concerns and regulative policies, Indian tobacco growers have found relief in China as a protocol was signed on Monday for export of tobacco leaves to the nation with world'

Economy News

Arvind Subramanian bats for basic income scheme to tackle farm distress; here’s how funds could be arranged

Just days ahead of the budget, former Chief Economic Advisor Arvind Subramanian said that the Central government and the states should launch the basic income scheme to tackle the ongoing farm crisis.

Economy News

Trump to wade into China trade talks as US targets Huawei

The Trump administration will press China to prove it can keep promises in talks this week aimed at ending the trade war, Treasury Secretary Steven Mnuchin said, as the U.S. ratcheted up legal pressur

Economy News

Amazon, Flipkart face local resistance: Indian retailers oppose extension of e-commerce rule deadline

The size of India's e-commerce industry currently stands at $18 billion- $20 billion, an analyst at EY noted.

Economy News

Follow prudential norms for credit without being excessively conservative: Shaktikanta Das to banks

The RBI is scheduled to announce its sixth bi-monthly monetary policy for 2018-19 on February 7.

Shaktikanta Das, public sector banks, indian economy, Consumer Price Index, Wholesale Price Index News

Partial US government shutdown cost economy $3 billion, says US budget office

The longest shutdown in U.S. history ended on Friday when Trump and Congress agreed to temporary government funding - without money for his wall - as the effects of the shutdown intensified across the

US economy, US government, Donald trump, U.S.-Mexico border, US congress News

After China, US also expected to witness slowdown, repercussions to be felt around the world

US and China are considered two main drivers of global growth because of the size of their economies and a less than expected GDP growth in both the countries will ring alarm bells in other emerging e

US, china, US economic growth, GDP growth, donald trump, budget deficits News

S&P Global enters China’s credit rating market amid trade war

S&P Global's entry into China comes as Beijing and Washington are locked in a bruising trade war that has spooked markets worldwide.

S&P, S&P Global, China, credit rating market, trade war, Chinese entity, China-US trade war, economy news

India received Rs 28.25 lakh crore FDI in 2017-18 as inflows register a healthy jump of 18%

The RBI said as many as 23,065 companies responded to the latest round of the census, of which, 20,732 firms had FDI or ODI in their balance sheet in March 2018.

FDI inflows, RBI, Overseas direct investment, FDI in India, foreign equity participation News

Budget 2019: The curious case of failed disinvestment targets

Budget 2019: In FY18, the budgeted target for disinvestment was Rs 72,500 crore.

Budget 2019, arun jaitley, disinvestment targets, fiscal deficit, ONGC, HPCL, CPSE News

Climate change, obesity, malnutrition: How ‘big food’ curb may solve world’s 3 key problems

The growing influence of ‘big food’ needs to be curbed globally if the problems of obesity, malnutrition and climate change are to be tackled in time, a global report said.

Chilli burger-eating contest, burger, delhi, delhi restaurant, junk food News

India, China hold talks on providing market access to domestic products

The meeting was held last week in Beijing between Commerce Secretary Anup Wadhawan and Vice-Minister of General Administration of China Customs (GACC) Zhang Jiwen.

india china ties, domestic products, beijing, basmati rice export, fish oil export News

What does US Shutdown mean and how does it affect the Indian economy?

On 25th January 2019, the government temporarily called off the partial government shutdown, after the US President Donald Trump and Congressional leaders agreed to a stop-gap spending bill.

Economy News
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