Page 1942 - Economy & Policy News

FM talks 'Vivad Se Vishwas' scheme with industry representatives

With over Rs 9 trillion worth direct taxes locked up in litigation, the government last week introduced 'Direct Tax Vivad se Vishwas Bill, 2020' in the Lok Sabha

WB Budget: Rs 5,150 cr alotted for social sector, 100 MSME parks in 3 yrs

With an eye on the 2021 assembly polls and the upcoming election in 107 civic bodies in the state, the budget reached out to social sectors and backward sections

Economy near collapse, being attended by incompetent doctors: Chidambaram

Initiating the debate on the Union Budget for 2020-21 in Rajya Sabha, he said rising unemployment and falling consumption was making India poorer

Major ports show muted growth in cargo as thermal coal volume slides 15%

Visakhapatnam port upstaged others in cargo throughput growth, recording 10.98 per cent increase

RBI monitoring revival of sick units in UP, flags financial literacy week

Since MSMEs contribute 60% of UP's industrial output, state has stressed on boosting sector with easy working capital loans for realising its trillion-dollar economy target

Taking steps for speedy redressal of EPFO, ESIC complaints: Labour Ministry

The number of complaints related to the ministry on the Centralised Public Grievances Redress and Monitoring System (CPGRAMS) stood at 47,567 in 2019

Govt clocks Rs 40,000 cr in public procurement transactions through GeM

Towards this, the government has recently revised the general financial rules (GFR) and procurement manuals, and made advances in the use of technology in procurement

PM Modi's constituency Varanasi among 20 best performing 'smart cities'

The Union Housing and Urban Affairs Ministry has paired up 20 best performing cities with the 20 bottom cities and they will work as "sister cities"

New BOT model may still not be preferred mode for highways: Experts

The NHAI has introduced 'harmonious exit' clause in the new concession pacts for the BOT projects

Statsguru: Temporary act in the 15th Finance Commission's report

States such as Bihar, Maharashtra, and erstwhile state of Jammu & Kashmir stand to gain, compared with the current year's share, while Karnataka, Telangana, and Kerala stand to lose

Can't treat J&K on a par with states: 15th Finance Commission chairman

The Jammu and Kashmir Reorganisation Act, 2019 says that UT of J&K should get grants from the divisible pool.

FPIs net buyers in Feb, invest Rs 5,177 crore in debt segment

Foreign portfolio investors (FPI) put in Rs 6,350crore in the debt segment between February 3-7, the data showed

Govt to pare time taken for starting biz; new e-form to offer 10 services

The corporate affairs ministry would introduce the form -- SPICe+ -- to offer 10 services

CII recommends 12 urgent ways to decriminalise business offences

CII has backed the introduction of Deferred Prosecution Agreements in the dispute settlement process - with certain exceptions

India's fiscal gap one of the highest among major emerging markets

Combined expenditure of central and state governments exceeded revenues by around 7.5% of GDP in 2019

Centre to release another Rs 35,000 cr GST compensation to states soon

Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16

Once-a-year tweak in GST rates on the cards, says FM Nirmala Sitharaman

Sitharaman says changing the rates periodically creates a ripple effect

Riding high on RBI governor's assurance, bond market up for a long bull run

Experts say LTRO is the Indian version of quantitative easing, and that there should be more of it in coming days

FM Sitharaman pitches for rationalisation of GST rates once a year

'I think we have laid the foundation for increasing consumption', said the finance minister

City industrialists air concerns to FM Sitharaman over Budget 2020

The finance minister is in city to discuss the government's vision on the budget with the stakeholders of various sectors