Page 1993 - Economy & Policy News

Budget 2018: FinMin may tweak Minimum Alternate Tax norms to boost industry

There is a need to revisit the corporate tax rate in Union Budget 2018-19, to be presented to Parliament on February 1: Expert

Firms opting for lower tax regime can't adjust accumulated credits on MAT

The ordinance to cut the corporation tax rate has said MAT provisions will not apply to a company which has exercised the option for a lower rate of tax

FM's tax cuts: Reduction in MAT to benefit IT companies in Gift City

They were to pay 18.5 per cent MAT so far, but will now have to pay 15 per cent MAT

Govt plans to remove minimum alternate tax on SEZs, boost exports

Govt also considering reducing duties on domestic sales

Delink Plan expenditure from Budget: Y V Reddy

Govt mulls abolishing plan, non-plan expenditure: Watal

Union Finance Secretary Ratan Watal said the classification is losing its significance

Govt to abolish Plan, non-Plan expenditure classifications

The move will link government spending to its eventual outcome more effectively

Framework for abolition of Plan, non-Plan classification soon

Centre likely to switch to a more globally relevant system of classifying spending as revenue expenditure and capital expenditure

Ministers, depts can clear bigger non-Plan projects

Ministries, depts can appraise non-Plan projects of less than Rs 300 cr, against earlier limit of Rs 75 cr

Fiscal deficit zooms to 61% of BE in Apr-Jun qtr

The government estimates fiscal deficit in 2016-17 to be Rs 5.33 lakh crore or 3.5% of GDP

Govt to scrap distinction between plan & non-plan expenditures in Budget

It would increase the focus on reducing the revenue deficit and enhancing capital spending

Infra spotlight: Little help from govt rejig of plan, non-plan expenditure

Despite wanting to, the government has managed to spend very little on capital account

Indian Railway integrates its helpline numbers into single number - 139

New helpline number 139 will take over all existing helpline numbers (except 182) and it will be easy for passengers to remember this number to connect with railways for all their needs during travel

Odisha's GST collection grows by 2% in Dec; country-wide growth at 16%

States like West Bengal (16 per cent), Assam (33 per cent), Chhattisgarh (15 per cent) and Andhra Pradesh (11 per cent) registered an impressive growth in GST collections in the same month

ONGC gets all 7 oil, gas blocks in latest bid, adds 18,510 sq km of area

ONGC signed contracts for the seven blocks at an event where Oil Minister Dharmendra Pradhan and other ministry officials were also present

Revenue Secy to hold meet for streamlining GST refunds, curbing evasion

They will also discuss how to curb the misuse of refunds and share the best practices in revenue augmentation

Govt sees nominal GDP at 12.2% till FY25; assuming average inflation of 4%

The Centre's budgetary support as a percentage of nominal GDP is expected to grow from 0.74% in 2019-20 to 1.11% in 2024-25

TRAI's new year bonanza: Now you get more channels at lesser price

At present, DTH or cable TV operators provide only 100 channels for Rs 153. Now, cable operators will have to provide 200 channels for Rs 153

PMI: Dec factory activity at 7-month high but business optimism weakens

Solid growth in demand was despite output prices rising at the fastest rate in nearly three years

Govt slashes import duty on crude, refined palm oil, move to hurt refiners

A notification in this regard has been issued by the finance ministry. The duty cut has been made under the ASEAN agreement and the India-Malaysia Comprehensive Economic Cooperation Agreement, it said