Economy

North vs South debate is misleading, says finance panel chief

The 15th Finance Commission on Thursday said schemes which appear populist may in fact be popular as well, and the ones which might have been launched keeping populism in mind can over a period of tim

Foodies loosen purse strings for Kerala

The eatery launched a special edition vegetarian lunch priced at £30 whose proceeds will go towards rehabilitating flood victims in Kerala.

IEThinc debates implications of internet shutdowns

Do the social, constitutional and economic costs of internet shutdowns — which have been on the rise in India — outweigh its efficacy as a law and order tool? During Thursday’s IEThinc discussio

Coal committee for linkage to 1,800 MW power generation units

The standing linkage committee of the coal ministry has recommended fresh coal linkage of 2.8 MTPA for NTPC under the Shakti scheme for 500 MW generation capacity at its recently-acquired Barauni powe

First arrest under GST by Karnataka tax department; trader held for issuing bogus invoices

In the first arrest under Goods and Services Tax (GST) Act, the Karnataka commercial tax department on Thursday held a trader for issuing bogus invoices worth nearly Rs 46 crore to evade GST of Rs 8 c

Railway PSU IRCON’s IPO to hit market by September 18

The initial public offering (IPO) of railway PSU IRCON International will hit the market on September 17 or 18.

India-US 2+2 talks: Iran sanctions, trade to top agenda

India and the US will discuss trade-related issues and sanctions on Iran as foreign and defence ministers of both the countries meet in New Delhi on Thursday.

Andhra Pradesh to punish tax officials for unreasonable assessment

In an attempt to minimise the harassment faced by taxpayers because of high-pitched or unreasonable assessments made by indirect tax officials, Andhra Pradesh has formed four nodal committees that wil

RCEP talks: India manages major breakthrough

The members also agreed to include the free movement of skilled professionals in the pact on services under RCEP, acceding to another demand by India.

LIC board explores open offer for IDBI Bank stake

Economic affairs secretary Subhash Chandra Garg said the time-table for completing the transaction has been decided and that an open offer is being explored.

Bandra-Versova sea-link cost set to rise 60%

The 17.17-km bridge is to be constructed by a joint venture between Reliance Infrastructure and Italy's Astaldi.

MCA’s KYC Drive: 18 lakh may be dummy directors

In the mega KYC drive for directors, undertaken by the ministry of corporate affairs, to cleanse the corporate sector and update its registry, the actual number of directors likely to be registered is

Charitable trust liable to pay GST in Maharashtra, rules AAR

Goods and services provided by charitable trusts for a consideration would classify as supply, making it liable for GST, the authority of advanced ruling (AAR) for GST in Maharashtra has ruled.

Ayushman Bharat scheme: Adityanath government kicks off trial run in Uttar Pradesh

The pilot run of the ambitious national health insurance scheme, Pradhan Mantri Jan Arogya Yojna scheme, popularly known as the Ayushman Bharat Scheme was kicked off in Uttar Pradesh on Tuesday.

Getting 5G ready: DoT forms panel on road map for spectrum auction

The DoT has set up an internal committee, comprising senior officials from the access services, spectrum management and licensing finance divisions, to prepare a road map for the next spectrum auction

States may pick market assurance mode for new MSP scheme

While the Cabinet is likely to take up the latest proposals of the farm ministry later this week to ensure smooth implementation of the schemes, state governments have already been given green signal

Pune airport to implement Rs 1000 crore expansion plan over the next 2 years; here is what AAI plans to do

The Pune airport will see investments of Rs 1,000 crore over the next two years, and the funds will be used for expanding the terminal, cargo handling facilities, roads and parking space to augment ca

Divestment of NMDC’s unit in Chhattisgarh put on hold

Nearly two years after giving the go-ahead for strategic disinvestment for NMDC's under-construction steel plant at Nagarnar in Chhattisgarh, the Centre has put the plan in abeyance.

Nod for TRAI M2M views: Telecom panel caps pre-launch network testing at 180 days

The Telecom Commission (TC) on Friday accepted the recommendations of the Trai on network testing before commercial launch by operators, but capped the testing period outside the company to 180 days.

Fiscal deficit till July comes at 86.5% of FY19 target

The Centre's fiscal deficit in the first four months of FY19 came in at Rs 5,40,257 crore or 86.5% of the FY19 target, according to the Controller General of Accounts (CGA) data released on Friday.

SC no to vehicle insurance cover deadline extension

Buyers of new cars and two-wheelers will have to purchase upfront insurance cover for three and five years, respectively, from Sunday, with the Supreme Court on Friday dismissing a plea by the General

India strongly pitches for rating upgrade by S&P; Centre to stick to fiscal consolidation

Country cites fiscal discipline, high growth and macro stability despite risks from weak rupee, high oil prices

Uttarakhand eyeing Rs 20k-crore investment proposals at summit

The hill state will hold its maiden investment summit in October and expects to draw investment proposals worth over Rs 20,000 crore in sectors ranging from automobiles and tourism to hospitality.

All realty projects to eventually come under RERA ambit, says minister

All real estate projects will eventually come under the ambit of the Real Estate (Regulation and Development) Act, housing and urban affairs minister Hardeep Singh Puri said.

Kerala set to see sharp decrease in tourist arrivals in Q2 due to floods

Kerala is likely to see a sharp fall in both foreign and domestic inbound tourists in the second quarter of the fiscal, with famous destinations like Munnar and Wayanad ravaged by flood waters.

Surplus distribution: RBI transfers Rs 50,000 cr to govt in FY18

To reduce the impact of cyclicality in the Reserve Bank of India’s economic capital levels on the surplus transferable to the government, the central bank has put in place a rule-based ‘staggered

Current account deficit expected to be largely financed by FDI flows

Even though exports have gathered momentum in Q1FY19, global trade environment can reduce demand due to some countries’ protectionist policies

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