Economy

Ujjwala Yojana: LPG scheme extended to ‘all poor’

The Cabinet has extended the Ujjwala Yojana of providing cooking gas (LPG) connections to ‘all poor households,’ a move that could potentially bring an additional 1 crore households under the sche

Economy News

Vodafone plea on Rs 4,759-cr tax refund junked

The Delhi High Court has dismissed Vodafone’s plea seeking directions to the income tax department to expeditiously process its claim for refund of over Rs 4,759 crore in respect of returns filed fo

vodafone, delhi high court News

GST Act: Tax department grapples with writs filed against clauses

Tax officials say unfavourable rulings in some of these cases could have adverse revenue implications for the government.

gst, gst act News

Auto firms for one-time sop to replace old vehicles

Automobile companies have proposed a one-time incentive in the form of rebate in taxes for replacing pre-2000 registered vehicles to facilitate taking them off roads, industry sources said. In a pre-B

automobile sector, automobile industry News

Unfavourable base: Export growth crashes to 0.8% in November

Trade deficit eases to $16.7 billion in November as import growth, too, slows to just 4.3% last month from 17.6% in October.

export, trade, economy News

Thumbs down: Former RBI governor Raghuram Rajan denounces farm loan waivers

With the general election just four-five months away, former Reserve Bank of India governor Raghuram Rajan on Friday called for the need to abandon the practice of farm loan waivers, as they add to th

rbi, raghuram rajan News

MMRDA takes over monorail operations from L&T-Scomi JV

Says LTSE failed to supply the Rolling Stock Trains, failed to operate and maintain the system on the entire corridor and failed to rectify defects as per the contractual clauses.

mmrda, l&t News

India’s first water metro in Kochi: Germany backed Rs 819 crore projects gets underway

The Water Metro is an integrated water transport project connecting 10 islands near the Kochi city, spread across 76 km.

kochi metro, kopchi water metro News

Tamil Nadu asks Centre not to proceed with Dam Safety Bill

The Tamil Nadu government on Friday asked the Centre to withdraw the Dam Safety Bill, 2018 introduced in the Lok Sabha and not proceed further until a consensus evolves on the issue among all the stat

Edappadi K Palaniswami , narendra modi, pm narendra modi, tamil nadu News

Niti Aayog meet: Economists call for rate cut, steps to boost liquidity

With retail inflation continuously undershooting the target, the Reserve Bank of India should immediately cut interest rate to support economic growth while taking measures such as lowering cash reser

inflation, retail inflation News

Task force set up to find solutions for sugar industry

To reduce burden on the exchequer due to over-production of sugar, Niti Aayog has constituted a task force to suggest long-term solutions such as crop diversification to reduce adverse impact on groun

sugarcane, sugar industry News

SC order impact: Government examining Aadhaar use for out-of-turn issue of passport

Various government departments are exploring their strategies around the use of Aadhaar, after the SC verdict.

supreme court, aadhar News

Income Tax Dept dismissed 40 officials since 2014-15

The income tax department (ITD) has dismissed/removed 40 officials since FY 15 till date based on complaints received against these persons.

income tax, income tax department News

Target 2019: Centre to work on plan to wave off farm loans

The government would soon start working out the details of a plan to allocate money to write off farm loans.

Economy News

Uphill task ahead of new RBI Governor Shaktikanta Das

If the record of D Subbarao is any indication, a former finance ministry bureaucrat at the helm of the RBI doesn't necessarily mean a convergence of views between the government and the regulator

Economy News

Economist Surjit Bhalla resigns from PMEAC

Bhalla has been a vocal defender of various government policies, including its adoption of the new methodology to compute GDP

Economy News

Coal import to be checked by rising domestic production

Power plants across the country had imported 6.6 MT coal in October, 43.5% higher than the monthly average import quantity recorded this year.

Economy News

LPG to toilets: BJP built solid rural assets but income didn’t rise; know why

The number of active domestic LPG connections has, thanks to the Pradhan Mantri Ujjwala Yojana, gone up from 15.33 crore in June 2015 to 24.72 crore in October 2018, with overall household penetration

Economy News

Pre-poll bonanza: NPS withdrawal tax-free, higher govt contribution

The latest move on tax-free withdrawals would meet a long-pending demand to make NPS at par with employees’ provident fund (EPF) in terms of tax treatment.

Money News

Good jump! Corporate tax collection up 18 per cent in April-November, fastest in five years

Corporate tax collection grew an impressive 18.3% in April-November of FY19, the fastest pace in at least the last five years.

Economy News

Conflict between RBI and government not new: Here’s what happened in past

The longest-serving RBI governor to resign was Benegal Rama Rau (July 1, 1949 to January 14, 1957) who was forced to quit after differences with the then finance minister TT Krishnamachari.

Economy News

Urjit Patel resignation: Power erosion may have weighed on RBI chief’s exit decision

Urjit Patel’s surprise resignation as the RBI governor seems to have been precipitated by the long-simmering tussle between the government and the central bank over a raft of vexed issues

Economy News

Maharashtra equipped to face rising electricity demand, says power ministry official

Maharashtra has recently called for short-term power purchase tenders where JSW Energy, KSK Energy, CESC and JP Nigrie agreed to supply power to the state in the October-December period.

Economy News

Ease of doing business: PM Modi to meet department secretaries on Dec 13

PM Modi will deliberate on measures with Cabinet secretary PK Sinha along with secretaries of various government departments.

Economy News

Rabi crop area still trails year-ago level; mandi prices of summer crops below MSPs

The agriculture ministry initially budgeted for just Rs 200 crore for price support schemes, but the Cabinet has raised the budgetary provision to over Rs 15,000 crore for the implementation of PM-AAS

Economy News

Jharkhand to set up one small cold store in every block

Raghubar Das said the focus is to increase income of farmers by helping them take on dairy, poultry, fishery production as additional sources of income.

Economy News

‘Being with Sindhu doesn’t mean it is to beat Saina’

He recalled telling an official in 2011 that a revolution was afoot.

India News
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