Page 1707 - Economy & Policy News
Retail visits show a pickup, and other weekly economic indicator insights
Traffic data also showing positive signs
 "Retail visits show a pickup, and other weekly economic indicator insights")
Tax non-virginia tobacco to earn upto Rs 40,000 cr revenue: SHG to FM
The NGO has appealed to the finance minister ahead of GST Council meet to bring smokeless and non-virginia tobacco under a taxation structure
 "Tax non-virginia tobacco to earn upto Rs 40,000 cr revenue: SHG to FM")
GST has reduced the rate at which people have to pay tax: Finance Ministry
GST has helped increase compliance and doubled taxpayer base to 12.4 million, the ministry said in a series of tweets
 "GST has reduced the rate at which people have to pay tax: Finance Ministry")
Bonds to be hit hardest by inflation shock in India, Russia, Mexico
The fixed-income securities of the three countries appear the most vulnerable to any surge in consumer prices, according to a Bloomberg study of 10 emerging markets
 "Bonds to be hit hardest by inflation shock in India, Russia, Mexico")
'Disclosure of prices reason for scrapping Vande Bharat trains tender'
The Indian Railways cancelled its global tender for manufacturing 44 sets of semi-high speed Vande Bharat trains
 "'Disclosure of prices reason for scrapping Vande Bharat trains tender'")
India needs more global sized banks to help achieve $5 trn economy: CEA
He rued the fact that India has only one bank in top 100 global bank list while a country much smaller in size has more such banks
 "India needs more global sized banks to help achieve $5 trn economy: CEA")
Tax mop-up from metros sees double-digit decline; Kolkata worst-hit city
Numbers pose challenges to Centre's Rs 13.2-trn target
 "Tax mop-up from metros sees double-digit decline; Kolkata worst-hit city")
How national recruitment agency will help both employers, job seekers
Overall cost for both will come down but financial health of entities will lead to fewer new recruitment
 "How national recruitment agency will help both employers, job seekers")
Tender for purchase of Vande Bharat train sets red flagged for third time
As part of Atmanirbhar Bharat initiative, increase in indigenous content from the present level of 50 per cent to a higher level is being planned in the fresh rounds
 "Tender for purchase of Vande Bharat train sets red flagged for third time")
In UP, freebies to real estate players kept under wraps, finds CAG report
The transgressions happened before the Yogi Adityanath-led BJP state government came to power
 "In UP, freebies to real estate players kept under wraps, finds CAG report")
Faceless tax appeals may lead to rise in litigation, say officials
Consultants say they won't get fair chance to explain case
 "Faceless tax appeals may lead to rise in litigation, say officials")
Liquor makers urge Bengal govt not to implement proposed excise policy
Manufacturers of alcoholic beverages have written to West Bengal Chief Minister Mamata Banerjee, urging her not to go ahead with the proposed new excise policy as it will hurt the liquor industry.
 "Liquor makers urge Bengal govt not to implement proposed excise policy")
Little known Megha Engineering beats the Goliaths of the infra space
Its revenues nearly quadrupled in five years to Rs 20,300 cr in FY19, while its net profit jumped 6x to about Rs 2,800 cr, making it India's largest construction and engineering firm after L&T
 "Little known Megha Engineering beats the Goliaths of the infra space")
Madhya Pradesh: Deadline to pay PM crop insurance premium extended
In a relief for farmers, the Madhya Pradesh government has extended the last date of paying the premium for the Prime Minister's Crops Insurance Scheme to August 31
 "Madhya Pradesh: Deadline to pay PM crop insurance premium extended")
All you need to know about One World, One Sun, One Grid plan
The idea was first floated by PM Modi in 2018 during the first assembly of the International Solar Alliance (ISA)
 "All you need to know about One World, One Sun, One Grid plan")
Businesses to get GST registration in 3 days with Aadhar verification
The Central Board of Indirect Taxes and Customs (CBIC) last week notified Aadhaar authentication for GST registration with effect from August 21, 2020
 "Businesses to get GST registration in 3 days with Aadhar verification")
Govt frames norms to enforce 'rules of origin' for imports under FTAs
The ''rules of origin'' provision prescribes for the minimal processing that should happen in the FTA country so that the final manufactured product may be called originating goods in that country
 "Govt frames norms to enforce 'rules of origin' for imports under FTAs")
CBIC makes video conferencing mandatory for hearings in GST appeal cases
In April, the Central Board of Indirect Taxes and Customs had issued guidelines for conducting personal hearing in virtual mode for appeals under Customs Act
 "CBIC makes video conferencing mandatory for hearings in GST appeal cases")
Critical road infra to place India on par with US, UK in 2 years: Gadkari
Apart from optic fibre, transmission and gas pipelines, a large number of industrial clusters are planned on its side
 "Critical road infra to place India on par with US, UK in 2 years: Gadkari")
UP farmers could see hopes of good paddy crop dashed due to urea shortage
Increase in area under this season due to healthy rains and smuggling of fertlisers to Nepal said to be key reasons for crisis
 "UP farmers could see hopes of good paddy crop dashed due to urea shortage")