Page 2136 - Economy & Policy News

UP govt announces revival package of Rs 1,100 crore for two sugar mills

Defunct mills in Basti and Gorakhpur districts to be developed as integrated complexes

Underestimates & overreactions: The math behind FM's corporation tax cuts

Why the impact of the corporation tax cut may not be as substantial on the fisc or on India Inc

A Rs 1.45 trillion tax cut may undermine rate reductions in India

While the central bank has cut rates four times this year, banks have been reluctant to fully pass on Asia's most aggressive easing amid a surge in bad loans

NRIs can now apply for Aadhaar card on arrival without 182-day wait

NRIs with Indian passport can now apply for biometric ID on arrival or by scheduling a prior appointment

Double tax relief expands room for growth of hotel firms; stocks rise

While lower GST would push occupancy and thereby aid room rates, lower corporate tax rate should add to earnings

One nation, one card? Amit Shah pitches multi-purpose ID for citizens

Indians have 574 million bank accounts, but it could include multiple accounts held by individuals

DTC panel suggestion on corporation tax different from FM's formula

The panel, headed by central board of direct taxes (CBDT) member Akhilesh Ranjan, also recommended 25 per cent corporation tax rate for companies, but without surcharges and cess

Trade unions of public sector banks call off two-day nationwide strike

AIBOA, the Indian National Bank Officers' Congress and the National Organisation of Bank Officers had called for a two-day strike opposing the amalgamation of banks

India to be net exporter of steel in the next 3 years: Dharmendra Pradhan

At present, the country is importing around 2-3 million tonne (mt) of steel from the overseas market

Centre to start open registration under PM-KISAN to speed up disbursements

Once the registration is completed, the documents will be scrutinised at the Central level and forwarded to state departments for final approval

Contract workers may get gratuity before completing five years of service

Currently, workers are not entitled to gratuity before completing five years of continuous service, according to the provisions of the Payment of Gratuity Act, 1972

Direct tax code panel wants 4 slabs, 35% I-T for Rs 2 crore income

Also suggests increasing no-tax threshold to Rs 5 lakh

Govt unlikely to take DIPAM route for cash-strapped BSNL asset sale

The fastest way to revive telco is by way of asset monetization

RBI turns down Sebi plan for credit rating agencies' access to defaults

Market regulator has proposed letting rating agencies access the central bank's data base

Govt's decision to cut corporation tax likely to impact power bill

The source of power, renewable or non-renewable, and the nature of the market, regulated or merchant, will be a factor in deciding whether the cost would go down

From ONGC to Coal India, PSUs set to pay higher dividend with tax savings

The PSU stocks, though, could see risk due to greater disinvestment for fiscal 2020, global financial firmBank of America Merrill Lynch said

Corporation tax cut: Bond yields may harden, rupee likely to remain stable

The liquidity framework is expected to make rate management conditioned on the prevailing liquidity in the system

No need to ban petrol, diesel vehicles; EVs picking up pace naturally: Govt

Gadkari says all buses would be electric in two years

SBI to use repo rate as benchmark to price MSME, retail loans from Oct 1

Also, link pricing credit to Medium units to the repo rate

Late southwest monsoon surge limits kharif season production shortfall

The reduced shortfall is largely because of good rainfall after-June, the government's first advanced estimate of 2019-20 foodgrains and commercial crop production has revealed