Page 2095 - Economy & Policy News

Wooing investors: UP to rank districts on 'Ease of Doing Business' matrix

Last year, the state was placed 12th; Andhra Pradesh, Telangana were placed on top

Govt forms secretaries' panel on steps to ease financial stress in telecom

The government is constituting a Committee of Secretaries (CoS) under the Cabinet Secretary

In a bonanza for stock markets, govt may scrap DDT, review LTCG slabs

The LTCG was introduced in the 2018 Budget after more than a decade with a tax of 10 per cent on an amount above Rs 1 lakh

Experts call for multiple GST rate cuts in India citing Singapore example

Singapore has only one tax rate under GST- seven per cent -- on taxable goods and services while India has multiple slabs to charge the indirect tax

After Jio's 4G and optical fibre, RIL to build $24 bn e-commerce giant

A series of capital transfers would make Jio, which already has capital of 650 billion rupees, almost debt free by March 2020, the parent said on October 25

IEX eyes new tech-based opportunities for next level of efficiency

IEX is the biggest player in spot energy trading with a share of 97 per cent, and with participation of over 6,500 players

Global economic outlook dependent on path laid by nations like India: PM

Earlier this month, the International Monetary Fund (IMF) has downgraded its outlook for the world economy, predicting that the growth this year will be the weakest since the 2008 financial crisis

Coal supply crunch may spoil govt's dream of $5-trillion economy by 2024

The total coal requirement 2021-22 and 2026-27 has been estimated as 735 million tonne (mt) and 877 mt, respectively, including imported coal of 50 mt

India remains vulnerable to credit and debit card frauds despite measures

India was ranked among the top five countries globally that are vulnerable to credit card fraud, according to the 2016 Global Consumer Fraud Report

Spike in gold smuggling via SEZs under lens; PMO seeks Customs report

The report should contain details about official gold imports, its usage in the domestic market, smuggling trends, possible curbs to mitigate the negative impact of gold imports on the trade deficit

Govt likely to reject telcos' demand for 2-year spectrum fee moratorium

Recently, SC had upheld the government's definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending dues that could add up to an estimated Rs 1.33 trillion

EC working on guidelines to allow postal ballot for octogenarians, divyangs

The move comes days after the Law Ministry amended Conduct of Election Rules allowing 'absentee voters' of essential services, senior citizens of more than 80 years of age and people with disabilities

Govt may bring plan to prevent Rs 1-trn power sector debt from becoming NPA

Government sources said that Power and Petroleum Ministries are in the final leg of drafting the new subsidy scheme

Govt to appoint officers to exclusively handle GST, Customs complaints

Industry and tax experts have hailed the decision saying that the move would ensure an escalation point for taxpayers in case their grievances are not addressed at designated level

Govt panel reiterates need to review open-ended grain procurement policy

The policy has led to mounting food stocks and adversely affected crop diversification, says report

HRD lays down roadmap for implementation of new National Education Policy

The ministry outlined six guiding principles in the final draft which will be placed before the cabinet soon

Housing finance companies' gross non-performing assets up 2.2%: Icra

Markets like Surat and Pune in the affordable segment could show higher slippages owing to delays and challenges faced by some projects

BRICS has lost relevance as economic grouping, says Standard & Poor's

The better-than-projected economic performance of China and India over the past two decades contrasts with disappointing results in Brazil, Russia, and South Africa

Pipeline dreams of gas-based economy: Hurdles in govt's $118-bn masterplan

Though the government is mulling options to create a gas hub, doing so demands higher volume and maturity in the domestic market

Economic slowdown hit jewellery and apparel sales this Diwali: Report

The average value of card transactions in the two affected segments dipped in the days leading to Diwali, according to the data released by transaction processing company, Worldline