Economy

GST evasion in Gujarat: Rs 360 crore recovered in 1,500 cases

The Goods and Service Tax (GST) department has registered over 1,470 cases of tax evasion in the financial year 2018-19 and recovered around Rs 360 crore in Gujarat.

Economy News

Public sector banks to get more govt capital in H1FY20

The finance ministry believes the worst is over for state-run banks as they are well capitalised at the moment. The government had infused around Rs 1.06 lakh crore in FY19.

Banking & Finance News

Populism rises: India needs a new consensus on growth and opportunity

India’s “demographic dividend” — its growing population is one of the youngest in the world — won’t last forever.

Populism, india, narendra modi, joblessness, india economy, inequality, poverty, exports, Air India Ltd, lok sabha elections 2019, Rahul Gandhi  News

Indian Railways achieves highest ever capital expenditure in 2018-19

As reported by FE, after negotiations that went on for almost a year, the ministry of finance has agreed to service debt—both principal and interest—which the Indian Railways will take under EBR t

Infrastructure News

IMF cuts India’s GDP growth forecast to 7.3% for FY20

In its latest World Economic Outlook report, the Fund said India’s growth is projected to pick up to 7.5% in FY21, aided by the “continued recovery of investment and robust consumption amid a more

Economy News

Power transmission capacity addition hits 4-yr low in FY19

Contrary to their state-run counterparts, the private sector players have laid down 66% more transmission lines year-on-year (y-o-y) by commissioning 3,840 ckm in FY19.

Industry News

5G in India: DoT asks Trai to reconsider reserve price for auction of spectrum

Going by global standards the price of Rs 492 crore per Mhz for 5G spectrum is on the higher side as the South Korean auctions which was happened just a month back had the price at Rs 130 crore per Mh

Industry News

Lok Sabha 2019 elections to see male-female voter turnout gap narrow to below 4%: Report

The gap in male and female voters had already declined to only about 4% in 2014 after remaining stagnant at over 8% between 1996 and 2004. States like Bihar, UP, MP, Maharashtra and J&K, which are not

Gujarat Lok Sabha Election, Voter Survey, ADR Survey, BJP, Congress, PM Modi, Rahul Gandhi, News

Madras HC quashes land acquistion for Chennai-Salem expressway project

The financial consequences were not analysed by the consultant. The state government had in last May issued a notification and started acquiring lands for the project, evoking strong protests by the f

aiadmk, madras hc, 18 rebel mlas, tamil nadu govt, tn mla disqualification News

Power sector needs Rs 9.4 lakh crore investment to curb emission

Renewable energy and installation of power plant equipment to lower emissions are expected to attract maximum investments in the power sector.

Industry News

What govt plans to clear record foodgrain stock

Sources said the reserve price of wheat may be Rs 2,000-2,030 per quintal since the Madhya Pradesh government has been paying a bonus of `160/quintal over and above the minimum support price of Rs 1,8

Economy News

Need to develop proper matrix to understand changes in economy, job creation, says Suresh Prabhu

Prabhu said that in 1960s and 1970s, the government used to provide bulk of the jobs and then came the private sector.

SURESH PRABHU, JOBS, ECONOMY News

NBCC chairman and MD AK Mittal denied extension

Last year, Mittal's extension was cleared till March 2019 after he had received a clean chit from the NBCC's vigilance department subsequent to being named in an FIR filed by the Central Bureau of Inv

Industry News

Distressed farmers in Wayanad are pinning hope on Rahul Gandhi

Joseph Ottaplackal, secretary of the Church-led farmers' organisation INFAM told FE that the situation in Wayanad is bad and small farmers are finding it hard to survive.

Elections News

Attention Taxpayers! New ITR forms for AY 2019-20 out — check details here

Additionally, ITR-1 Sahaj form meant for individuals excludes those who are directors of company or have investment in unlisted equity shares. An individual who has to report income on which TDS has b

New ITR forms, New ITR forms 2019-20, ITR forms,Taxpayers,ITR-1 – SAHAJ, ITR Filing, News

Mills to pay interest on delayed cane payments for 2012-15: Uttar Pradesh to HC

In an affidavit filed before an Allahabad HC Bench, UP cane commissioner Sanjay Bhoosreddy said while profit-making sugar mills would pay an interest of 12% on their dues to farmers, loss-making units

Industry News

Lok Sabha elections: BJP manifesto to focus on more jobs, infra growth

With elections poised to start in days, the BJP – which is yet to announce its manifesto – is banking on the support of around 220 million Indians it says have directly benefited from the governme

Lok Sabha Election in Uttar Pradesh, BJP, Prime Minister Narendra Modi, SP-BSP-RLD Alliance, Congress. News

Private equity, venture capital investments hit $10 billion landmark in Q4

Infrastructure related companies, especially in energy, roads and telecom, accounted for 48% of the investment value during the period — accounting for $4.9 billion across 16 deals — compared to $

Markets News

Fitch denies India an upgrade for the 13th year in a row

However, the rating agency added that a robust growth outlook continues to support India's credit profile. Nevertheless, Fitch expects growth to slow down to 6.8% in FY20 from an estimated 6.9% this f

Economy News

Rahul Gandhi’s Wayanad bait brings hope to Kerala tourism

Even as squabbles over the Sabarimala issue and a series of trade shutdowns have acted as a deterrent to domestic tourist arrivals in the God’s Own Country, the VVIP candidate has inadvertently open

Industry News

Will stick to fiscal discipline if re-elected: Arun Jaitley

The Reserve Bank of India Thursday cut its GDP growth forecast for the current fiscal by 20 basis points to 7.2%.

Economy News

Trade war: US sets 2025 target for China to fulfill trade pledges

The goal over the next few days is to strike an agreement on the core issues so President Donald Trump and Chinese leader Xi Jinping can hold a ceremony to sign a deal. Trump plans to meet Liu at the

Trade war: US sets 2025 target for China to fulfill trade pledges (AP Photo/ File) News

RBI wants to disclose bank’s annual inspection reports on case to case basis

Last year in November, the CIC too had issued a show-cause notice to Urjit Patel, then governor of the RBI, for not honouring a judgment of the apex court on disclosure of wilful defaulters’ list wh

Banking & Finance News

Finance Ministry to service railway loans for ‘nationally important’ projects

The nationally important projects to be funded via the new mechanism include projects in the northeast, apart from others, but are not strategically important projects for which funds come from the d

Infrastructure News

SC order impact: RBI may revise framework for debt resolution

Of course, the high-profile insolvency cases such as Essar Steel, Bhushan Power and Steel and Jaypee Infratech, which had reached the IBC arena before the RBI issued the contentious circular, won’t

Industry News

MSP hike spills over to WPI inflation

Deflation in food articles, which have a near 46% weight in the CPI basket, has kept a leash on overall retail inflation for five months now.

Economy News

ED attaches Viceroy Hotels properties worth Rs 315 crore

Accordingly, the properties of Viceroy Hotels, Hyderabad to the extent of `315 crore (approx.) were provisionally attached under the provisions of PMLA. Further investigations are in progress.

India News
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