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Little option for govt other than amending FRBM Act to widen fiscal deficit

It has already exhausted the escape clause, which allows for a maximum deviation of 0.5% from consolidation road map

Coronavirus impact: MPs to take cuts in constituency and office allowance

Instead of Rs 70,000 a month constituency allowance they will get Rs 49,000 from April 1 this year, according to notifications issued by the Lok Sabha and Rajya Sabha secretariats.

PM, President and MPs take 30% pay cut to help combat coronavirus

Suspension of MPLAD funds for two years to save Rs 7,900 crore

CCEA approves Rs 1,340-cr recapitalisation for weak regional rural banks

This is, in a way, an extension of the recapitalisation plan that was to end this financial year (April 2019 to March 2020, of FY20)

UPA economy doctors' prescription to tide over coronavirus crisis

C Rangarajan, Montek Singh Ahluwalia, and Pronab Sen say the present crisis is different from the one then and requires a different prescription

Explained in numbers: Coronavirus outbreak impact on businesses

A survey by the Federation of Indian Chambers of Commerce and Industry (Ficci) tried to capture this

Supreme Court stays Kerala HC order on deferring recovery process

The Kerala HC single judge Bench took note of the fact that government departments are issuing recovery notices, compelling litigants to approach the court for interim stay

Coronavirus: Defer recovery proceedings for 2 weeks, Allahabad HC to UP

Commercial tax departments of states have also taken a similar decision

Excise duty hike on petrol, diesel to add Rs 43,000 cr to govt revenue

Additional revenue will help govt meet its FY21 target of bringing down the fiscal deficit to 3.5% of GDP

Mobile phones to get costlier as GST rate hiked to 18% from 12%

GST Council asks Infosys to fix GSTN glitches by July

Exports register 2.9% growth in Feb, recover after 6 months of contraction

Non-petroleum non-jewellery exports were up 6.16 per cent at $21.23 billion in the month. Imports also broke the nine-month trend of fall and clocked a 2.48 per cent rise to $37.5 billion in February.

WTO-compliant remission of tax scheme for exporters gets canbinet nod

Under the scheme, an inter-ministerial committee will determine the rates and items on which the reimbursement of taxes and duties would be provided.

Industrial production rises 2% in January, investments still weak

The Index of Industrial Production was revised up for December to 0.07% growth, from a contraction of 0.3% in the provisional estimate

Here's what Finance Ministry claims about women and social schemes

Micro Save Consulting says 65% of women either did not have access to formal financial services

YES Bank crisis: FM Nirmala Sitharaman asks RBI to fix accountability

Sitharaman said the RBI and the government had been closely monitoring YES Bank since 2017

GST collection crosses Rs 1-trn mark for the fourth month in a row in Feb

The mop-up could have been much higher, but tax on imports fell 2 per cent year-on-year

Lacklustre performance of major segments drag down GDP growth in Q3

The only two indicators that grew at higher rates in Q3 of the current fiscal than the previous year were aggregate bank deposits and the consumer price index (CPI)-based inflation rate

'Vivad se Vishwas': MNCs will have to bring all disputed amount to India

Else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid

Changes in CCI norms proposed to bring buyer cartels under competition law

MCA puts draft Competition (Amendment) Bill in public domain

Economic growth likely to get a boost of 0.7 percentage points in FY20

According to advance estimates, the economy is projected to grow by 5% in the current fiscal year, which would be an 11-year low