Page 2042 - Economy & Policy News
Completion of Polavaram irrigation project expected by December 2021: Govt
The proposed Polavaram Irrigation project aims to irrigate 2.91 lakh hectares, generate 960 MW of power, and fulfil water needs of industries and 540 villages in Andhra Pradesh
 "Completion of Polavaram irrigation project expected by December 2021: Govt")
Govt moves Taxation Bill in Lok Sabha seeking changes in income tax law
The Bill was introduced in the House on November 25. Some provisions of the Bill are different from those of the Ordinance
 "Govt moves Taxation Bill in Lok Sabha seeking changes in income tax law")
Delhi govt maintained revenue surplus over last five years: CAG report
The audit report by CAG for the year ended March 2018, noted that tax revenue and non-tax revenue also registered an increase of 14.7% and 101% respectively over the previous year
 "Delhi govt maintained revenue surplus over last five years: CAG report")
Global Mobility Summit: Champion idea of clean kilometres, says PM Modi
Given India's low car penetration, the country offers a unique opportunity to come up with a sustainable solution which can be emulated by others
 "Global Mobility Summit: Champion idea of clean kilometres, says PM Modi")
Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report
The share of internal resources in total capital expenditure also decreased to 3.01 per cent in 2017-18
 "Net surplus revenue decreased 66% to Rs 1,666 cr in 2017-18: CAG report")
Gross direct tax collection up by 5% till November: Nirmala Sitharaman
Replying to a debate on Taxation Law Amendment Bill, 2019 in the Lok Sabha, the minister categorically said there is no decrease in direct tax collection.
 "Gross direct tax collection up by 5% till November: Nirmala Sitharaman")
Manmohan's fear of GDP growth falling 200 bps coming true: Chowdhury in LS
Observing that tax rate cut would result in revenue loss of Rs 1.45 trillion, he wanted to know how the government will deal with the fiscal deficit
 "Manmohan's fear of GDP growth falling 200 bps coming true: Chowdhury in LS")
EPFO invested Rs 86,966 cr in exchange-traded funds till September: Report
The EPFO is investing in ETFs based on Nifty 50, Sensex, Central Public Sector Enterprises and Bharat 22 Indices.
 "EPFO invested Rs 86,966 cr in exchange-traded funds till September: Report")
Response to Railways' 'Give it Up' scheme 'not encouraging': CAG report
The initiative, started in 2017, encouraged senior citizens to give up their train fare concessions as part of the Railways' bid to increase revenues
 "Response to Railways' 'Give it Up' scheme 'not encouraging': CAG report")
Govt aims to generate additional 50 mn job opportunities in MSMEs sector
The target is also increase the share of MSMEs in the country's export and growth to 50 per cent, Gadkari said
 "Govt aims to generate additional 50 mn job opportunities in MSMEs sector")
Govt earmarks Rs 937 cr for exploration of non-CIL blocks in FY'20
Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha
 "Govt earmarks Rs 937 cr for exploration of non-CIL blocks in FY'20")
Iran, India look at euro, yen to resolve crude payment row
Iran, India look at euro, yen to resolve crude payment row
Xi Jinping secures 2nd term: Who's in? Who's out in China's Communist Party
Veteran diplomat Liu Jieyi, 59, China's permanent representative to the United Nations, was elected to the Central Committee and is expected to take over as minister of the Taiwan Affairs Office, repl
 "Xi Jinping secures 2nd term: Who's in? Who's out in China's Communist Party")
UP setting up private agricultural mandis in bid to double farm exports
At present, bulk of produce is sold through 251 govt-run mandis across 75 districts. Total transactions on these notified 'mandis' stood at Rs 67,000 cr in 2018-19
 "UP setting up private agricultural mandis in bid to double farm exports")
India's growth to remain muted, likely to stay longer than expected: Report
Besides, most of the sectors from auto to real estate are under stress and this is reflected in the profit margins of the corporate and revenue collections of the government.
 "India's growth to remain muted, likely to stay longer than expected: Report")
Is more debt the way out for a world economy that already owes $250-trn?
Fiscal hawks argue such proposals will merely sow the seeds for more trouble. But the needle seems to be shifting on how much debt an economy can safely carry
 "Is more debt the way out for a world economy that already owes $250-trn?")
FASTags at toll plazas to improve transportation efficiency: SIAM
The government had extended the date for making FASTag mandatory for toll payments on national highways to December 15 from December 01
 "FASTags at toll plazas to improve transportation efficiency: SIAM")
Crisil slashes India's FY20 growth to 5.1% over slump across sectors
Growth in the second half of 2019-20 will go up to 5.5 per cent, up from the 4.75 per cent in the first half, the agency said
 "Crisil slashes India's FY20 growth to 5.1% over slump across sectors")
Govt seeks inputs from states on how FPCs can get capital more easily
Centre is thinking of making capital and expertise easier so that farmer-producer firms can mobilise farmers and leverage their produce
 "Govt seeks inputs from states on how FPCs can get capital more easily")
No interim relief for Karvy as Sebi refuses permission to enrol new clients
The Securities and Exchange Board of India (Sebi) order also highlighted the alleged misuse of power of attorney (PoA) by Karvy
 "No interim relief for Karvy as Sebi refuses permission to enrol new clients")