Page 2034 - Economy & Policy News

5% GST slab may be increased to 6%: Panel considering ways to boost revenue

The panel is also looking at bringing under GST items like foodgrains that faced either value-added tax or purchase tax

Software, mining, book printing not part of 15% corporation tax relief: FM

The negative list includes computer software development, mining and printing of books as they are not manufacturing per se, the minister added

RBI's policy surprise: Pause on rate cuts may hit real estate, auto sectors

Real estate developers were expecting a rate cut of 50 to 100 basis points

Govt's e-marketplace can achieve Rs 5-trn business in under 5 years: Goyal

GeM symbolizes a transparent and corruption free procurement system

Maharashtra govt may merge infra bodies to push affordable housing projects

Bodies like MHADA, SRA may be merged into a single entity to expedite low-cost housing projects in the city

Odisha's famed 'Kalia' scheme to be merged with Centre's PM-KISAN

According to the provisions of the 'Kalia' scheme, farmers, mostly small and marginal cultivators, are entitled to get Rs 10,000 in two instalments for two crops in a year

Telecom tariff hike may add to inflation, cautions RBI Governor Das

All the three private telecom players Vodafone Idea, Bharti Airtel and Jio has raised their taiff plans pre-paid tariff plans and the increase has been as high as 40-50%

Rahul calls FM 'incompetent', says not her job to tell India what she eats

"I don't eat much of onion-garlic. I come from such a family which doesn't have much to do with onion", the FM had said in Lok Sabha while replying to an MP when asked 'Do you eat onions?"

Fifteenth FC may have kept devolution of divisible tax pool unchanged

The interim report is likely to be made public just before or on the day of the Budget

Corporation tax cut: Rajya Sabha members not sure about investment flows

Congress member Jairam Ramesh alleged that corporate tax reduction was a curtain-raiser to Prime Minister Narendra Modi's Howdy Modi event in Houston

Growth takes a back seat: RBI sharply cuts GDP forecast to 5% from 6.1%

Says forces driving up inflation 'appear to be transient'

Govt yet to provide compensation to states for farmers' losses: Opposition

Opposition MPs said the farmers were hit by unseasonal rains, floods and demanded that the Centre should give immediate monetary relief

Schemes like Ujjwala, Jan Dhan prove Modi govt is not elitist: Sitharaman

Prices of onion in many places have crossed Rs 100 per kg

Mamata Banerjee attacks Centre over GDP, jobs and state of the economy

West Bengal CM also tears into Modi govt on rising NPAs and the Citizenship Bill, which she says will divide the people along communal lines

Base year for calculating GDP revised due to socio-economic changes: Govt

Rao Inderjit Singh said that over the past 70 years, the base year has been changed seven times

Urea dilemma in Madhya Pradesh: Shortage at farms, stockpiles at companies

Supplies to farmers in Madhya Pradesh accounted for just half the requirement of 400,000 bags of urea this November, even as mounting inventories incurred losses for companies

India's October rice exports drop 42% y-o-y on weak demand from Africa

Smaller shipments from India could help rivals such as Thailand, Vietnam and Myanmar to increase their exports, according to Indian exporters

Govt inked 180 defence deals worth Rs 1.96 trn with Indian firms in 5 yrs

In September this year, Defence Minister Rajnath Singh launched the warship Nilgiri which is the first ship of Project 17A

RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 5.15% and reverse repo rate at 4.90%

Cleared by Cabinet, Citizenship Bill to be introduced in Lok Sabha on Dec 9

The Bill will be tabled in the Rajya Sabha after being dealt with by the Lower House of Parliament