Page 1702 - Economy & Policy News

Refund charges taken since Jan 1 on UPI, RuPay payments: Tax dept to banks

To encourage digital transactions and move towards a less-cash economy, the government inserted a new provision, Section 269SU, in the Finance Act, 2019

GST Council needs to work out revenue shortfall issue: Sushil Modi

The GST Council will have to work out a mid way solution for making good the GST collection shortfall, Bihar Deputy CM Sushil Modi has said.

West Bengal rejects Centre's borrowing propositions to meet GST shortfall

Says will engage with other states to take collective steps

Fiscal deficit to touch 7% in FY21 as Covid hits revenue: Brickwork Ratings

Revenue from income taxes (personal income tax and corporate income taxes) was lower by 30.5 per cent, and the GST by almost 34 per cent during the period

States to bear interest burden for borrowing Rs 2.35 trn shortfall in GST

Finance Ministry gives states two options for meeting shortfall in collection; GST Council meet to discuss matter

By March 2023, Manipur, Mizoram and Nagaland to have rail connectivity

he first train in the north-east region chugged out from the industrial city of Dibrugarh in eastern Assam 138 years ago

Govt writes to states, suggests borrowing options to meet GST shortfall

States could borrow via a special window centre will facilitate through the RBI or they may raise debt from the market, says finance ministry

Unlock BFSI 2.0: Rajnish Kumar, Aditya Puri on their success mantra, more

Puri, who counts JP Morgan CEO Jamie Dimon as one of his inspirations, says the biggest challenge of his career was to scale up HDFC bank

Maharashtra stamp duty cut will do little in boosting demand: Ind-Ra

Ind-Ra said the residential real estate's volume and price growth are closely integrated with the GDP growth rate

India will play leading role in future global political framework: MoS Home

Rai said that the motive of Science and Technology should be to provide last mile connectivity and reach every needy person in the country

Financial experts express mixed feelings on RBI's restructuring package

Srei Infrastructure Finance vice chairman Sunil Kanoria said the RBI restructuring package is somewhat "restrictive and not a workable solution"

India's international trade a victim as coronavirus grips the world

India's trade with South Asia, Asean, the Gulf nations, China, and North America has reduced.

Will FM answer how to describe mismanagement of economy: Chidambaram

Sitharaman on Thursday said the economy had been hit by the pandemic, which is an 'Act of God', and it would see a contraction in the current fiscal

World Bank pauses publication of Doing Business Report over data issues

Speculations on India's recent rise in ranking, but the World Bank says countries affected appear to be Azerbaijan, China, Saudi Arabia and United Arab Emirates

World Bank suspends ease of doing biz report over 'data irregularities'

The WB said in a statement that it would conduct a systematic review of data changes in the last five Doing Business reports, and independent auditors will probe data collection and review processes.

Six yrs of Jan Dhan: Widening and deepening of financial inclusion in India

Deposits in bank accounts meant for the vulnerable now account for a higher share in overall demand deposits in Indian banks

India's area under kharif crops hits all-time high of over 108 mn hectares

Government confident of bumper harvest; could cool down inflation but experts say excess rains, pest attach could play spoilsport in some crops

Govt allows airlines to resume on-board meals using disposable trays

In-flight meals were banned when air transport had resumed on 25 May to counter the spread of the virus

Parliament panel may recommend portal job cards, data on migrant workers

Committee believes the government has not maintained datasets to estimate the number of migrant workers in country

Experts suggest policy changes to boost coronavirus research & development

Funding Covid-related research now included in CSR spends