Page 1994 - Economy & Policy News

CBDT wants taxmen to fastrack redressal of grievances ahead of PM's review

The directive issued by the Board on Tuesday comes ahead of Prime Minister Narendra Modi's scheduled review of CPGRAMS (Centralized Public Grievance Redress and Monitoring System) on January 8

These villages have no water beneath the ground, and no hope in sight

The concluding part of a three-part series looks at recharge efforts in a Haryana village even as some farmers in Rajasthan neither have water nor hope

GST mop-up over Rs 1 trn in Dec, revenue from domestic transactions up 16%

In December 2018, the GST collection was Rs 97,276 crore

India-Mauritius FTA nears finalisation as both sides conclude negotiations

The proposed India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA) seeks to mutually benefit both the countries in the area of trade in goods and services

VK Yadav's term as Rly Board Chairman extended, may become first-ever CEO

Yadav's one-year extension as the Chairman gains significance in view of the restructuring exercise which includes trimming of the Board and the merger of its cadres

UP govt targetting to expand state GST pool from 1.4 mn to 5 mn traders

The tax department officials have been directed to prepare an action plan to increase the number of registered traders

Infra projects hit by cost overruns of more than Rs 4 trn over delays

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above

Rs 102 trn infrastructure investment: Which sector gets how much?

While Rs 102 trillion to be invested during this period would be spread between 12 broad sectors, almost one-third of the projects are still in conceptual stage

India will struggle to achieve 5% GDP growth in 2020: Steve Hanke

India, which till recently was hailed as the world's fastest-growing major economy, has seen growth rate decline to a six-year low of 4.5 per cent in the September quarter of 2019-20

Train rides get costlier from today: Here's by how much

Railways have increased passenger fares by 1 to 4 paisa across various classes. But is that enough for the cash-strapped national transporter ? Listen to this podcast to know more

Govt deallocates coal block allotted for power project in Jharkhand

The coal block was allotted in 2009, to Karanpura Energy Ltd -- an SPV of erstwhile Jharkhand State Electricity Board

Slowdown set to worsen in 2020, but Budget may help turn the tide: CEO poll

Budget wish list: Income-tax cut, blueprint for investment push

V K Yadav to continue as Railway Board Chairman for one more year

Yadav had taken over as Railway Board Chairman from Ashwani Lohani, who had retired from the post in December 2018

India Ratings estimates fiscal deficit of states to touch 3% of GDP

This fiscal slippage will originate from a decline in tax revenue, a lower nominal GDP and higher expenditure, it said

Pace of non-food credit offtake slows further in Nov with 7.2% growth YoY

Credit to agriculture and allied activities slowed down to 6.5 per cent in November 2019 from 7.7 per cent in November 2018, the RBI said

Govt retains interest rates on small savings; depositors may cheer decision

A cheer for depositors, the move is contrary to what RBI and banks had advised

FM Sitharaman unveils Rs 102-trillion infrastructure plan to boost growth

Task force headed by economic affairs secy identifies projects across sectors

Current account deficit shrinks to 0.9% of GDP in July-Sept quarter: RBI

Foreign portfolio investment recorded net inflow of $2.5 billion, against an outflow of $1.6 billion in the year-ago quarter, due to higher flow in the debt market.

Note ban ghost comes to haunt jewellers as I-T dept passes recovery orders

Jewellers who have received such orders will have to cough up at least 20 per cent of the demand before they can file an appeal

India's fiscal deficit rises to 115% of target in 8 months of FY20

The gap between the government's revenue and spending stood at Rs 8.07 trillion at the end of November - Rs 1 trillion (13 per cent) more than the full-year target.