Page 1572 - Economy & Policy News

To protest domestic producers, coal shipments disclosures amde madatory

Importers of coking coal, steam coal and bituminous coal would have to gain a permit ahead of deliveries, the commerce and industry ministry said

Gadkari to inaugurate, lay foundation stone for 18 highway projects in Raj

Nitin Gadkari will inaugurate and lay the foundation stone for 18 highway projects in Rajasthan virtually

Cabinet paves way for 100% FDI in DTH services; licences for 20 years

The licence fee has also been lowered from 10 per cent of gross revenue to 8 per cent. The fee will have to be paid quarterly instead of annual payment as at present

FM Nirmala Sitharaman told to extend ITRs, tax audit and AGM time frame

The Direct Taxes Professionals Association (DTPA) has urged Finance Minister Nirmala Sitharaman for extension of date of furnishing of tax audit report under section 44AB to February 28

Don't tweak inflation target range: Economists tell FM in pre-Budget talks

The current range of 2-6 per cent is valid till this fiscal year-end

RBI governor asks banks to strengthen lending capacity by raising capital

During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively

Banking system liquidity on the slide due to advance tax outflow

As of Monday, the banking system liquidity was at a surplus of Rs 4.95 trillion, as against Rs 6.13 trillion a week earlier, on the eve of the deadline for the third instalment of advance tax

Gadkari to lay foundation stones for Rs 8,341 cr Rajasthan highway projects

Union Minister Nitin Gadkari will on Thursday inaugurate and lay foundation stones for highway projects worth Rs 8,341 crore in Rajasthan, an official statement said.

Despite Covid-19, M&A and PE deal value rose by 7% to $80 billion in 2020

Around 25 per cent of this deal value could be attributed to sizable inbound investments in Jio Platforms.

Festive season lifts domestic air passenger traffic by 22% in Nov: ICRA

ICRA also said that the November domestic passenger traffic was close to 50 per cent of the domestic air travel demand in November 2019

DDA okays launching of new housing scheme in 2021 with nearly 1,200 flats

The scheme will be completely online through newly-developed AWAAS software of the Delhi Development Authority (DDA) from processing of application to possession of flats, a senior official said

Clampdown on fake bills: Rs 50 lakh a month biz to suffer 1% GST in cash

Rule 86B under Central GST Act limits use of input tax credit for discharging liability, changes GST registration rules as well

Cairn verdict may push govt to appeal Vodafone order, say officials

India had got 90 days' to challenge the Vodafone award before a court in Singapore - which was the seat of arbitration

Shape of economic recovery may end up coming from another alphabet

Zeroing in on the alphabet that best describes the unprecedented economic upheaval

PE inflows to realty sector seen growing 30% to $6 bn in 2021: Report

The next wave of investments will be driven by warehousing, affordable housing and data centres apart from commercial office which will continue to see steady improvement, says the report

Fuel sale coming back to pre-pandemic levels, says IOC official

Fuel sale in the country is coming back to normal which also shows the reflection of normalcy in economy, a senior Indian Oil Corporation official said

China to lower import tariff on more products in high demand for 2021

This includes medical equipment, raw materials for baby powders, and high-tech equipment and some commodities

Karnataka night curfew throws spanner in festive hopes of restaurants

Restrictions to start at 10 p.m, in Bengaluru, reducing dinner time to 2 hours; Most restaurants and hotels are now expecting to do only 50 per cent of normal business

At least 1% GST dues to be paid in cash if monthly sales top Rs 5 mn

While calculating the turnover threshold, sales from GST exempt goods and zero rates supply would not be included

Why the discoms may be pushing their luck too far on renewable power pacts

It has been a buyers market in clean energy so far. As consolidation happens, this could change in 2021