Page 1992 - Economy & Policy News

Hero MotoCorp asks govt for phased GST reduction to avoid revenue losses

The two-wheeler market in India is pegged at around 20 million units per year with lower than 150-cc bikes accounting for the bulk of sales

Hero MotoCorp to begin production at Chittoor plant by Dec 2018

It will provide employment to 1,500 people in the 1st phase & another 3,500 in the subsequent phases

FinMin to discuss ways with tax commissioners to plug GST leaks on Jan 14

Even as the GST collection crossed Rs 1-trn mark for the 2nd month in a row in December, the receipts were nowhere near Rs 1.10 trn required every month from Dec onwards to meet the target for 2019-20

Forensic auditors in a fix over Data Protection Bill, seek exceptions

Fear that proposed provision will hamper investigation

India signals duty cuts on wine, auto; EU keen on investment protection

Among EU nations, the Netherlands has historically been the fourth biggest source of foreign direct investments (FDI) for India, pegged at $29 billion since 2000

Modi disburses Rs 12,000 cr to 60 mn farmers under PM Kisan Samman Yojana

Modi said at a function in Tumakuru where he disbursed Rs 12,000 crore to 60 million beneficiaries under the government scheme in one go.

Bank credit grows 7.1% and deposits increase 10%, reveals RBI data

Bankers said that with private investment practically coming to a halt, there was little demand for corporate credit.

BPCL, Air India, Concor divestments unlikely by March-end: Govt official

Govt has so far raised Rs 17,364 crore through stake sale against Rs 1.05 trillion target

Trai seeks views on setting up multi-stakeholder body for net neutrality

Consultation paper also discusses framework for traffic management practices

Sugar exports looking up, contracts worth 2.5 million tonnes signed

Domestic industry eyeing total sugar exports of 5 MT this season

RuPay International to offer cashback up to Rs 16K for transactions abroad

Indians travelling to the UAE, Singapore, Sri Lanka, the UK, the US, Spain, Switzerland and Thailand will be able to earn up to Rs 16,000 cashback per month

More pay channels may become free-to-air after Trai's tariff amendments

Trai's amendment has forced broadcasters to go back to the drawing board as they revise pricing for channels

Phones, visitors not allowed: Inside story of central registration centre

The address of the office, set up by the ministry of corporate affairs three years ago, is not exactly a secret but officials do not want to publicise any specific details of the organisation

Rise in new orders boosts manufacturing PMI to 7-month high in December

But weak market conditions keep firms spooked and business optimism low

Govt panel recommends cap on remuneration of independent directors

This was part of the recommendations to de-clog NCLT by the committee on reviewing penal provisions of the Companies Act

FASTag rollout: Doubts galore; uncertainty over toll plaza attendants' jobs

At present, FASTags are being rolled out on National Highways. Maharashtra State Road Development Corporation (MSRDC) operates the Vashi Bridge

ONGC bags all 7 oil and gas blocks in fourth round of OALP auction

The seven blocks are spread over three sedimentary basins with resource potential of approximately 33 billion barrels of oil and oil equivalents of gas

Amid Tata-Mistry tussle, Group finds mention in May's address

Over 800 Indian businesses have presence in the UK, with Jaguar Land Rover's owner, Tata, our largest manufacturing employer

India can explore $82 bn export potential in 20 products in China: Report

Currently, India meets only 3.3 per cent or USD 2.7 billion of the total annual import demands of USD 82 billion for these 20 products in China

I-T Act to be amended on MAT, says revenue secretary