Page 1684 - Economy & Policy News

ICAI seeks extension of FY19 GST annual return filing deadline by 3 months

The government had in May extended the last date for filing annual GST return for financial year 2018-19 by three months till September 2020

Coal import drops 35% in Aug on low demand from power, cement sector

Of the total imports in August, non-coking coal''s shipment was at 8.87 MT and coking coal at 2.18 MT

DPIIT working on credit guarantee, seed fund schemes for startups

This scheme would give banks a comfort to lend, he said adding that it was for credit not for venture capital

Discoms' outstanding dues to power gencos rise 36% to Rs 1.29 trn in July

Power producers' total outstanding dues owed by distribution firms rose over 36 per cent year-on-year to Rs 1.29 trillion in July 2020, reflecting stress in the sector.

Covid impact: Cargo handling at ports drops 17% to 245 mn tonnes in Apr-Aug

Cargo volumes at these 12 major ports under the control of the Centre declined for the fifth straight month in August 2020 and all ports barring Mormugao saw a negative growth

Civil aviation recovery to be faster due to market size: Airbus India Prez

India's civil aviation recovery would be much faster on the back of large market size, Airbus India President Remi Mail lard said

MoS MEA V Muraleedharan participates in 27th ASEAN regional forum

Minister of State for External Affairs V Muraleedharan participated in the 27th ASEAN regional forum where he shared India's views on maritime security, counter terrorism and the pandemic

How retiring old coal plants could save Rs 53,000 cr for power discoms

As on April 30, Indian discoms owed over Rs 1 lakh crore ($13.65 billion) to power generation companies, according to the Ministry of Power data

GST compensation row: States' revenue fell 18% in first quarter, shows data

Details suggest the states' tax receipts (including the Centre's devolution) fell 32.1 per cent and non-tax revenues declined 27 per cent in this period

India tanks to 105th spot from 79th in global economic freedom ranking

The ranking is for the year 2018 and does not take into account the impact of newer issues like the Covid-19 crisis, whose impact would become evident only two years later

Covid-19 impact: Moody's, CARE Ratings cut India's FY21 GDP estimates

The global rating agency had earlier predicted GDP to contract 4 per cent. On Friday, it predicated 11.5 per cent contraction

Gujarat retains top spot in DPIIT's states start-up ecosystem rankings 2019

India has become the third-largest start-up ecosystem in the world with over 36,000 enterprises recognised under the Startup India initiative

Centre lists 23 new Bills for monsoon session of Parliament: Report

One of the ordinances the govern­ment plans to pass as a bill during the 18-day-long session relates to providing preventive measures against violence on healthcare personnel

SC decision on Anil Ambani guarantee to decide fate of other promoters

Banks plan to invoke personal guarantees in 40 cases

Flush with funds, banks show little interest in RBI's repo operations

The cut-off yield was 4 per cent, which is at par with the policy repo rate

Rajasthan government signs pact with Sidbi to develop MSME ecosystem

The Small Industries Development Bank of India (Sidbi) has signed a memorandum of understanding (MoU) with the Rajasthan government to develop the MSME ecosystem in the state

Industrial production shrinks fifth month in a row, rate slows to 10.4%

Slowing pace of recovery and sluggish manufacturing output has experts worrying over Q2 GDP growth

PSBs sanctioned over 90% loans under PM SVANidhi to street vendors: FinMIn

Under the scheme, street vendors of urban areas get collateral-free loan of up to Rs 10,000 for a period of one year

Tractor sales expected to post 9% growth in FY21 on demand pick-up: ICRA

tractor demand has rebounded with a robust growth in sales volumes in the past few months and the industry may post a 7-9 per cent growth in 2020-21, ICRA said

No discussion on GST borrowing options at parliamentary panel meet: Report

Sources in know of the matter said that during the meeting of the parliamentary panel there was only a discussion on the CAG report on GST collection for FY19