Page 1973 - Economy & Policy News

Centre considering specific excise duty on aviation fuel to curb volatility

Finance Minister Nirmala Sitharaman will present her second budget on February 1.

Industrial package for Jammu and Kashmir in the works, says Piyush Goyal

The Minister for Railways and Commerce also announced that Kashmir would be linked with the rest of the country by train by December next year

India's GDP growth premium over EMs to hit 7-year low of 1.1%: IMF

In the past two years, GDP growth in India is down nearly 220 basis points (bps, or bips), against growth deceleration of 85 bips in EMs

Govt likely to abolish dividend distribution tax in upcoming Budget

Tax may be imposed on shareholders getting dividends

64% of India's GenZ questions need to own a car: Deloitte global survey

The study also dwells on consumer preference with regard to data privacy and the money Indian buyers are willing to spend on connected vehicles.

It's divided house at RBI over new oversight cadre; board meet on Feb 15

Most officers want to opt out; issue to be taken up at central board meet

Budget 2020 Wishlist: Here are the key challenges for oil and gas sector

Resolving gas transmission and distribution infrastructure constraints are one of the industry's key demands

Budget 2020: Govt turns to asset monetisation as divestment target eludes

Hope rises for monetisation of Rs 1 trillion worth of assets by March 31

No wish for laws treating businesses with suspicion: FM Nirmala Sitharaman

This, after Tata Sons chairman said that businesses need supervision and not suspicion

Statsguru: From price to return, 7 charts show how gold performed in 2019

In comparison to other asset classes, globally, gold rallied significantly after many years to deliver 18.4 per cent returns in 2019

Legislative adventurism

A proposal for a new law on bank resolution has already raised many troubling questions

Govt to stop substitutable coal import; may auction explored blocks: Joshi

Centre can go for auction of 100 fully explored blocks, said Joshi

Govt to extend urad imports till June to meet domestic shortage: Report

Meanwhile, the government has decided to offload 5 lakh tonne pulses from its buffer stock to both state governments as well as in the open market.

Blocking Huawei from rolling out 5G may cause $4.7 bn loss to India by 2035

The Chinese telecom firm, however, has been allowed to participate in 5G trials in India and the Indian government has not taken any stand yet to bar the company from building 5G network.

India may miss tax collection target for 2019-20 by nearly Rs 2.5 trn: Garg

The government had budgeted gross tax revenues of Rs 24.59 trillion

Piyush Goyal not to meet Malaysian counterpart in Davos amid palm oil row

A Malaysian government spokesman said on Friday that trade ministers from India and Malaysia could meet on the sidelines of the World Economic Forum's annual meeting in Davos.

Budget 2020: CII seeks announcement of corporate tax rate merger to 15%

According to the industry body, the desired impact of the reduction in corporate taxes on the ground is still far from satisfactory.

RBI may discuss interim dividend issue in board meet amid revenue shortfall

If the RBI board agrees to interim dividend based on their six-month performance, it would provide some financial relief to the government, sources added.

Odisha expects JSW Steel project to begin soon after successful hearing

However, sources told PTI that JSW has not received the required 2,980 acres of land and th project will take time as formalities, including land handover, erection of boundary, will take time.

China to increase US imports according to 'market principles': Official

Chinese companies will import U.S. agricultural goods according to consumers' need, and demand and supply in the market, Liu told reporters, according to CCTV.