Page 1937 - Economy & Policy News

ESIC to hike confinement expenses for maternity services to Rs 7,500

The decision was taken at an ESIC meeting chaired by Labour Minister Santosh Gangwar on Thursday

Exports decline by 1.66% year-on-year to $25.97 billion in January

Imports too declined by 0.75 per cent USD 41.14 billion, leaving a trade deficit of USD 15.17 billion during the month under review

India's forex reserves soar to record $473 billion, gold down by $218 mn

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Pulses import may fall 60% next fiscal on good crop expectations: IPGA

There would be lower imports next year also because traders might not be able to buy from overseas market, taking advantage of loopholes in the import quota order

Private firms to invest Rs 3,000 cr in MP, to create 14,000 jobs

The announcement in this regard was made by Madhya Pradesh Chief Minister Kamal Nath during the textile and garment sector round table held here

Irdai concerned over rising hospital tariffs, plans to standardise charges

"We plan to introduce a system in which people will have the liberty to choose their TPAs," Irdai member said

Govt willing to do more beyond Budget to boost growth: FM Sitharaman

The country's GDP growth is estimated to slow to an 11-year low of 5 per cent in the current financial year

Odisha to tap 5T model for mineral resource mapping, extend KALIA scheme

State to also set World-class core sample laboratory and develop select rural habitats as smart villages akin to smart cities

CBDT to base taxmen's appraisal on their 'Vivad se Vishwas' performance

FM Nirmala Sitharaman had proposed this direct tax dispute resolution scheme in her budget speech on February 1

KT Rama Rao hits out at Finance Commission over reduced states devolution

The reduction in devolution to 41 per cent from 42 per cent earlier will lead to an up to Rs 4,000 crore hit to Telangana, Rao told reporters on the sidelines of the NTLF here.

Ramayan-theme based train taking routes linked with Ram by March-end: Rlys

The train is likely to be launched after March 10, Railway Board Chairman V K Yadav said, adding that its annual schedule will be released in the coming week

CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes

Form 10-IC will have to be filed by the companies that wish to avail the beneficial rate of 22 per cent upon relinquishment of the exemptions/incentives offered under the Income Tax Act.

UP govt to promote e-vehicles, targets 10,700 mw of solar energy

The energy minister said the state was targetting solar energy generation of 10,700 megawatt (mw) by 2022 in the private sector to conserve environment and curb pollution

AGR dues: DoT withdraws order seeking no coercive action against telcos

The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them

New GST filing format, e-invoicing to help in reporting for taxes: GSTN CEO

There is a need for standard to ensure complete interoperability, he said

I-T dept lines up Rs 1-trillion PSU tax row under 'Vivad se Vishwas Bill'

The Union Cabinet had on Wednesday expanded the scope of the scheme to cover litigation pending even in debt recovery tribunals

SC rejects telcos' plea for new schedule for AGR payments, slams DoT

The apex court ordered contempt proceedings against Bharti Airtel and Vodafone Idea

Automation likely to kill 9% jobs in India, says IMF's David Lipton

Globally, he said, 14 per cent of workforce or 375 million workers could lose jobs to automation

15th Finance Commission forms panel to discuss security funding mechanism

This is something the 15th FC had said it will do in its first report

Confident of economic recovery, S&P keeps India's rating at 'BBB-'

Says fiscal position weak, but sees strong growth prospects over 2-3 years