Economy

Kerala HC stays GST provisions on TCS

The GST provision has hit car dealers particularly hard as they collect 1% TCS from buyers purchasing cars worth over Rs 10 lakh.

Economy News

Decentralise policy implementation, says Bimal Jalan

Jalan, who is heading a panel tasked with framing guidelines to decide on an appropriate size of reserves that the RBI should maintain and the dividend it should give to the government.

Economy News

Insolvency and Bankruptcy Code: IBBI sets up panel under UK Sinha

Insolvency and Bankruptcy Code at present provides for the resolution or liquidation of only individual stressed companies.

ibc, uk sinha News

LIC move to acquire 51% stake in IDBI hits SC hurdle, court to hear appeal against deal

The Supreme Court on Friday said it will hear next week an appeal challenging the LIC’s move to acquire 51% in the Industrial Development Bank of India (IDBI).

lic, delhi high court, idbi, supreme court News

Modi government aiming for top 50 rank in ease of doing business list next year

Inaugurating the ninth edition of the biennial Vibrant Gujarat Global Summit (VGGS) in the state capital Gandhinagar, Prime Minister Narendra Modi claimed that those travelling to India frequently ove

pm narendra modi, narendra modi, ease of doing business News

GST pangs: Govt, ICAI to train 1 lakh accountants to help boost tax compliance

The initiative will especially help small and medium enterprises that are struggling with compliance.

gst, economy News

PM Modi’s flagship employment scheme PMRPY benefits more than one crore people

Budget 2018-19 has an outlay of `1,652 crore for the scheme.

Pradhan Mantri Rojgar Protsahan Yojana, pm narendra modi, narendra modi News

Income support: Odisha to release Kalia funds to farmers from January 25

The Odisha government will start disbursing Rs 5,000/family to the bank accounts of small and marginal farmers starting January 25 for the 2018-19 rabi (winter) crop season under its newly-launched Ka

agriculture, agriculture sector, agriculture industry News

Flight delayed: Despite ministry nod, drones yet to take off due to security concerns

Drones are yet to take off in the domestic skies due to security concerns more than a month after their use was made legal by the ministry of civil aviation.

drones, aviation sector, aviation industry News

NAA fines Delhi detergent maker Excel Rasayan

The National Anti-profiteering Authority (NAA) has found a Delhi-based detergent manufacturer guilty of profiteering and ordered the firm to deposit Rs 4.64 lakh, along with an 18% interest, to the co

gst, naa News

Modi government to spend Rs 4,242 crore for faster processing of returns, quick refunds

After the cabinet on Wednesday approved expenditure of Rs 4,242 crore for an income tax project to be undertaken by the income tax department, the assessees would soon be provided with pre-filled retu

income tax, income tax return News

Rs 6,000 crore boost for Exim Bank; to enable it to lend Rs 45,000 crore more in FY19

Move to enable the bank to lend Rs 45,000 crore more in FY19.

Rs 6,000 crore boost for Exim Bank; to enable it to lend Rs 45,000 crore more in FY19

Pressed by UDAY deadline, Kerala’s electricity board pitches for hiking tariffs by 10%

After trimming its aggregate technical and commercial (AT&C) losses to 11.9%, the Kerala State Electricity Board (KSEB) has pitched for hiking user tariffs by 10% to add at least Rs 1,100-crore re

power sector, power industry, udai News

American oil to ease India’s oil dependency on Gulf countries? India-US oil supply contracts on cards but price a hurdle

In order to ensure a steady inflow of crude oil given that supply from Iran has been capped, the country’s oil marketing companies are looking at long-term contracts with US suppliers, but non-avail

crude oil, india, us News

December Trade Data: Imports contract after 27 months, exports up 0.34%

Trade deficit eases to $13.1 billion, the lowest since February last year.

trade, economy, import, export News

GST on real estate: Panel to explore composition scheme

The government on Tuesday said that a seven-member panel of state finance ministers will consider the proposal of a ‘composition scheme’ for the real estate sector under the goods and services tax

real estate, real estate sector, gst News

NDA govt outscored predecessors on macro indicators, says FM Arun Jaitley

Taking a swipe at “unstable alliances”, finance minister Arun Jaitley on Tuesday said the stable and decisive government led by PM Narendra Modi has trumped other governments on macro indicators s

arun jaitley, finance minister arun jaitley, economy News

Bank of Baroda-Dena-Vijaya merger: Delhi High Court seeks government response

The Delhi High Court on Tuesday sought a response from the Centre on a plea challenging the proposed merger of Dena Bank, Vijaya Bank and Bank of Baroda. The merger of Vijaya Bank and Dena Bank into B

Delhi High Court, bank of baroda, vijaya bank News

Payments regulator: Issue to be left for next govt to resolve

Finmin hasn’t yet moved any draft Bill on Payments Regulatory Board for Cabinet approval

Economy News

Maharashtra regulator gives state discom leeway in payment to wind firms

The discom had submitted a payment plan to the regulator where it stated that it would clear dues worth Rs 1,592 crore against wind-based electricity procured till September 2017 within December 2018.

Economy News

Suggested an income-centric approach to farming: Ashok Dalwai, CEO, Rainfed Area Authority of India

The target is to double farmers’ income by 2022 (from the 2016 level).

Economy News

Only 12-13% of workforce under pension cover

PFRDA chairman said only 12-13% of the workforce is covered under pensions.

Economy News

Maharashtra farmer activists, sugar millers call interim truce

Sugar mills are citing falling prices caused by a huge surplus of sugar stocks for their inability to pay sugarcane farmers

Commodities News

UP, Maharashtra warm up for summer power demand

States have started making arrangements to tie up power supply agreements on a short-term basis right from the beginning of the new year.

Economy News

e-NAM for farmers: Modi government’s flagship programme starts inter-state trade

Farmers of UP allowed to sell their vegetables to traders outside the state

Economy News

Solar projects: Power ministry government tightens timelines

Government has lowered the time periods available to developers for submitting bids, making financial arrangements and setting up solar projects.

Industry News

Uday scheme: Modi government may miss target due to states’ non-compliance

Dues from state govt departments have jumped by 22% to Rs 35,603 cr in FY18, hurting discoms’ cash flows

Uday Scheme, UDAY target, UDAY scheme discoms, electricity consumers, Indian Energy Exchange News
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