Page 2085 - Economy & Policy News

Boost for realty: Govt, SBI, LIC create Rs 25k-cr fund for stalled projects

Move comes a day after Finance Minister Nirmala Sitharaman announced the government was readying more reform measures to boost economy

IMF wants govt to be more credible, transparent on fiscal numbers

The comments come amid allegations of the budget math not adding up with some pointing to a Rs 1.7 trillion hole in the estimates

Not all state power distribution cos see financial benefit in smart meters

A smart meter has a modem (communication device) and a remote switch by which demand, supply and billing can be monitored and controlled remotely

Centre changes track to focus on coal contracts, instead of buying mines

Earlier it was planning to buy mines; now, it will try to freeze contracts at competitive prices

Book on recently-launched faceless I-T e-assessment scheme released

Titled Guide to e-Assessment with Real Time Case Studies & Suggestive e-Submissions, the book is a ready referencer to help and assist taxpayers and tax practitioners in e-assessment proceedings

With unprecedented discounts, will Sabka Vishwas scheme earn sabka trust?

By November 3, only 17,000 applications with tax payable amounting to Rs 1,100 crore have been received by the government, under the Sabka Vishwas Legacy Dispute Resolution Scheme

EPC road firms could face slowdown in revenue growth in FY20, FY21: Crisil

Slower project awarding and delayed receipt of 'appointment date' (on which projects are kicked off) from the NHAI are the main contributors to this decline

Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs

After taking benefit of the scheme, jobs increased by around 11 mn in these establishments

Google Pay active monthly user base grows to 67 mn in September 2019

The Reserve Bank of India (RBI) had earlier directed all global payment companies to store transaction data of Indian customers within India

NEET 2019: Govt made Rs 192 cr from registration fee for counselling

Last year, the Committee collected Rs 18,32,87,500 in registrations and spent

Revenue growth of road developers in EPC segment may halve in FY20: CRISIL

The slowdown, however, is unlikely to impact the credit profiles of the EPC players primarily because of three reasons

Fadnavis announces immediate release of first batch of farmer compensation

Fadnavis also directed various measures for farm laborers including food securityFadnavis also directed various measures for farm laborers including food security

PSU general insurance companies seek capital infusion ahead of merger

The three firms need immediate recapitalisation of at least Rs 2,000-3,000 crore each in order to maintain solvency ratios and wipe out losses

Domestic issues important, but we'd love to see India in RCEP: NZ minister

As many as 16 countries -- 10-nation bloc ASEAN and its six trading partners including India -- were negotiating the free-trade pact RCEP

Centre prioritises coking coal contracts over foreign mine purchases

Company may at best consider picking up stakes in coking coal companies instead of going for an outright purchase

Experts suggest Singapore GST model to ensure ease of compliance in India

Singapore's system (of GST) is very user-friendly and transparent in its accountancy practices

BSNL notifies voluntary retirement scheme; available for workers till Dec 3

Telecom Minister Ravi Shankar Prasad had recently asked BSNL to start a dialogue with its employees on the VRS

Any attempt to create monopoly on data will not be acceptable: Govt

'India takes privacy seriously of which informational privacy is an integral part, and data imperialism will not be acceptable'

India on track to achieve 10% cut in crude oil import by 2022: Pradhan

The government is focusing on increased use of bio-fuels and raising domestic crude oil and gas production to reduce imports

Rlys replaces 1 litre Rail Neer bottles with 500 ml ones in Shatabdi trains

Passengers can get extra bottles, but they would have to pay for it