Page 1991 - Economy & Policy News
Revenue Secy holds meet on using data analytics for ramping up revenue
The high-level meeting was to further strengthen the efforts to exhort the tax machinery to put up special efforts to stop leakages
 "Revenue Secy holds meet on using data analytics for ramping up revenue")
Dept of Heavy Industries sanctions 2,636 charging stations to support EVs
With this, the total number of charging stations planned to be installed across select cities has gone up to about 14,000
 "Dept of Heavy Industries sanctions 2,636 charging stations to support EVs")
No need for further corporation tax cuts, says Abhijit Banerjee
I think you have to get the demand side going... you need to get money in the hands of people who will spend it now, people who need the money, says Abhijit Banerjee
 "No need for further corporation tax cuts, says Abhijit Banerjee")
Apex broadcasters' body decries Trai's new cap on channel pricing
IBF says it may consider legal options against amendments made to February 2019 order
 "Apex broadcasters' body decries Trai's new cap on channel pricing")
CBDT extends till Jan 31 deadline for compounding of I-T offences
The earlier deadline was December 31, 2019
 "CBDT extends till Jan 31 deadline for compounding of I-T offences")
Finance Ministry ramps up efforts to meet direct tax collection targets
Field officers were asked to make efforts to identify and initiate actions against willful tax evaders or those using fake invoices or e-way Bills
 "Finance Ministry ramps up efforts to meet direct tax collection targets")
US-Iran tensions may spell trouble for India's oil future and economy
A $1/barrel change in crude oil price raises the import bill by Rs 6,328 crore, shows govt estimate
 "US-Iran tensions may spell trouble for India's oil future and economy")
Wheat sowing up 9.28% to 31.3 mn hectare this rabi season on good weather
Sowing of rabi crops begins in October and harvesting kicks off from March
 "Wheat sowing up 9.28% to 31.3 mn hectare this rabi season on good weather")
Tea exports fall in first 11 months of 2019, but value realisation improves
During January to November 2019, value realisation from tea exports stood at Rs 3,740 crore as compared to Rs 3,537 crore in 2018
 "Tea exports fall in first 11 months of 2019, but value realisation improves")
Liquidity surplus in banks races past Rs 4 trn. Will it lead to inflation?
The last such liquidity scene was witnessed just after demonetisation in end of 2016 and early 2017 when banks were parking their deposit-linked money with the central bank
 "Liquidity surplus in banks races past Rs 4 trn. Will it lead to inflation?")
Workers to receive compensation if sacked due to prolonged illness
The IR Code Bill will consolidate three labour laws: the Trade Unions Act, 1926; the Industrial Employment (Standing Orders) Act, 1946; and the Industrial Disputes Act, 1947
 "Workers to receive compensation if sacked due to prolonged illness")
Dividend payout ratio 75% for foreign-owned insurance intermediaries
In case the profit for the relevant period includes any extra-ordinary profits or income, the payout ratio shall be computed after excluding such extra-ordinary items
 "Dividend payout ratio 75% for foreign-owned insurance intermediaries")
Large, medium enterprises see 7-year fall in credit quality in April-Dec
The asset quality deteriorated for small enterprises (SMEs) as well but with lesser intensity, according to CARE Ratings
 "Large, medium enterprises see 7-year fall in credit quality in April-Dec")
11 states record retail price inflation rate of over 6% in November
The states that witnessed high CPI-based inflation rates were Lakshadweep, Tripura, Odisha, Uttar Pradesh, Kerala, Madhya Pradesh, Puducherry, Tamil Nadu, Rajasthan, Manipur and Mizoram
 "11 states record retail price inflation rate of over 6% in November")
NITI Aayog moots Rs 22,500 cr plan for 150 private trains on 100 routes
The discussion paper titled 'Private Participation: Passenger Trains' has identified 100 routes, including Mumbai Central-New Delhi, New Delhi- Patna, Allahabad-Pune and Dadar-Vadodara
 "NITI Aayog moots Rs 22,500 cr plan for 150 private trains on 100 routes")
Iron ore imports tumble 90% on inflated prices, slip to 7-year low
In the corresponding period of last fiscal, iron ore imports swelled by 172 per cent
 "Iron ore imports tumble 90% on inflated prices, slip to 7-year low")
Working capital borrowings of fertiliser sector set to rise, says Icra
Of the total budgetary allocation, the government had released nearly 84 per cent by the end of October 2019, it said
 "Working capital borrowings of fertiliser sector set to rise, says Icra")
Unseasonal rains damage paddy worth over Rs 8,000 cr in Chhattisgarh
The huge stocks of paddy that the farmers had maintained for selling were reportedly damaged following heavy rains in the state the past three days
 "Unseasonal rains damage paddy worth over Rs 8,000 cr in Chhattisgarh")
Dovetail 'cost of business' with 'ease of doing business': Tata Steel CEO
He said that will give a fresh impetus to the manufacturing sector and make it more competitive
 "Dovetail 'cost of business' with 'ease of doing business': Tata Steel CEO")
Slowdown impact: UP industrial output shrinks by 9.6% in October 2019
The month-on-month decrease is more than twice that posted by India's industrial sector in the same month, at 4.3 per cent, according to IIP data released by the Central Statistics Office
 "Slowdown impact: UP industrial output shrinks by 9.6% in October 2019")