Page 1997 - Economy & Policy News

Rahul calls GST 'Gabbar Singh Tax', says people are tormented by Modi

Rahul calls GST 'Gabbar Singh Tax', says Modi anti-poor

War of Words: Now Rahul says GST is a tsunami of tax terror

He again referred to GST as 'Gabbar Singh Tax', and termed it flawed

Rahul Gandhi deserves credit for GST revamp: Congress

Gandhi's immense popularity in poll-bound Gujarat dwindled the list of 28% tax slab

Individual advance taxpayers shine in December quarter

Total advance tax collection from individuals till December 2016 was Rs 46,331 crore,

Pay minimum Rs 10,000 fine if you have 10 scrapped notes: Govt notifies law

The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month

Banks to levy Rs 150 after 4 cash transactions, Twitter users say not fair

This move being considered as a move to discourage cash transactions and encourage digital payments

I-T department identifies 30,000 shell companies in Kolkata

Most of these companies have been used to launder unaccounted money after the note ban

India's GDP growth appears solid, says noted US economist Steve H Hanke

India's growth was higher than China's 6.8 per cent for the October-December period of 2016

Tirupati Temple's quirky problem: It is stuck with Rs 4 crore in old notes

It is a common practice among devotees of Lord Venkateswara to keep depositing cash in tiny boxes

Note ban: In rude shock for many NRIs, resident Indians, new window shut

We cannot change rules even by a millimetre, said an RBI official

Demonestisation: Rs 1.10 crore notes seized in Assam

Nine gold bars, weighing 15 kg, were also seized from three people at Guwahati railway station

Note ban effect: I-T lens on 60,000 depositors

Includes those dealing in high-value property and petrol pump owners

Unusual deposits of Rs 1.7 lakh cr made during demonetisation: RBI paper

According to the paper, aggregate deposits grew by 14.5% y-o-y during the period Nov 11 to Dec 30

EESL inks pact with HPCL to set up EV battery charging infrastructure

The MoU covers collaboration for planning, development and installation of charging facilities at suitable locations for two, three, and four-wheeler vehicles

Govt working on strategy on import regulation of non-essential items

The target is to formulate these regulations for about 5,000 products but the current focus is on 371 items which accounts for $127 billion worth of imports

PM office proposes waiving carbon tax of Rs 400/tonne on coal: Report

PMO has proposed waiving the carbon tax of 400 rupees ($5.61) per tonne that was levied on the production and import of coal, according to the documents reviewed by Reuters

Year in Review: 2020 to be 'year of reforms', four labour codes to exist

Besides, the Union Labour Ministry is mulling launching a 'Santusht' portal next month for effective implementation of labour laws at the grass-root level

Will recover damages made to rail properties during CAA protests: Railways

"The damage will be recovered from those found involved in arson and violence. This, however, is a preliminary estimate and figure could go up after the final analysis," Railway Board Chairman said

Delay in project execution, Icra revises outlook for RE sector to negative

Looking at the challenges, Icra said it expects no growth in capacity addition in FY2020 and will remain at about 8.5-9.0 GW similar to FY2019

Govt may ask FCI to sell 1.5 MT broken rice for grain-based biodiesel units

Move to dispose of 1.5 mt of broken rice will partly address concern of grain-based distillery capacities remaining idle