Page 1906 - Economy & Policy News

Statsguru: Oil price fall, coronavirus fear trigger global growth concerns

Fears that the spread of COVID-19 would push the global economy into recession have led to extreme risk aversion among investors

Centre to relook long-term power sale pacts between generators and states

PPAs are typically of 25-30 years duration. The ministry is designing a policy paper to dwell on the alternative for long-term PPAs.

YES Bank fiasco: Mutual funds to approach Sebi on 3-year lock-in

Nifty, Bank Nifty funds will have to sell stock after index exclusion

CAIT writes to FM, seeks insurance cover for coronavirus-hit businesses

CAIT suggested that insurance companies may be mandated to introduce 'disruptions due to coronavirus' as an additional cover to fire and materials damage policies

Uttar Pradesh mandates 25% procurement from MSMEs by govt depts and PSUs

Fixes procurement sub-quota for MSMEs owned by women

2 Russian arms deals likely next week, weaponry worth $15 bn in pipeline

Weaponry worth $15 billion in Moscow pipeline, underlining Russia's status as India's premier arms supplier

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

Industry and analysts denounce GST rate hike to 18% on mobile phones

Xiaomi MD says move could weaken demand as smartphone makers will be forced to raise prices

Gun and the City: Delhi leads spike in unlicensed arms across the country

Police data shows the number of illegal firearms confiscated in the Capital has doubled in just one year from 2017 to 2018

Roads and highways remain a rare bright spot in economic slowdown

But there have been some delays due to land acquisition and other issues

Jewellers squeezed over advance tax payments, sparse consumer interest

Customers are not buying gold though prices are now falling

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

Business as usual for civil aviation, taking coronavirus head-on: Minister

Says industry and govt are acting against Coronavirus challenge so as to "emerge stronger once the problem is behind us, instead of acting in panic"

GST on mobile phones hiked to 18% from 12%, some relief on delayed payment

GST on MRO services on aircraft down from 18% to 5% with full input tax credit, due date for FY19 annual return extended to June 30

Cong lashes out at govt over hike in excise duty on petroleum, diesel

Congress senior spokesperson said the government should reduce the rates of petrol, diesel, and LPG by at least 35-40%

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.

I-T dept wants Goa PSUs to use Vivad se Vishwas scheme to resolve disputes

Total Rs 2 crore tax dues are still pending with five PSUs run by the state government, said Chief Commissioner of Income Tax (Goa)

Low petrol prices, phased rise in LPG rate to bring down subsidy

Analysts say the subsidy burden on both LPG and kerosene is likely to be around Rs 35,000 crore

Cabinet okays additional fixed cost of Rs 350 per tonne to 30 urea units

Sources said a cumulative impact of Rs 5,600 crore could be released to the fertilizer companies as result of the Cabinet decision