Page 2140 - Economy & Policy News

361 infra projects show cost overruns of over Rs 3.77 trillion, says report

The average time overrun in these 496 delayed projects is 36.98 months

Govt had a chance to strengthen the economy five years back: H M Desarda

The amount coming from toll tax is also not more than Rs 7,000 crore, he noted

NHAI may scrap projects where land acquisition is yet to be completed

The NHAI plan to scrap projects stalled by tardy land acquisition would also help check escalation of costs

PM Modi's meeting with CEOs from energy sector 'fruitful': MEA

The prime minister is scheduled to address over 50,000 Indian-Americans at the "Howdy, Modi" event on Sunday, in which he will be joined by US President Donald Trump

Gujarat seeks tax exemption on Governor's BMW, GST Council rejects

GST Council rejects tax exemption plea for the imported luxury car

India Overseas Bank mobilises Rs 500 cr through issue of bonds

The funds mobilised will be used to meet the growth requirements apart from meeting the regulatory requirements, the statement said

Textile exporters, manufacturers tell govt to be cautious with RCEP talks

Sources said they pointed out added competition from Chinese cheaper goods may put pressure on domestic sales at a time international business has been under threat from Bangladesh and Vietnam

Corporate tax giveaway to have little impact on fiscal goals: Niti Aayog

Many analysts have predicted fiscal deficit overshooting by at least 70 bps to 4.1 per cent given the quantum of the giveaways

Gold refineries suffer after higher import duty slapped on yellow metal

The demand for gold took a major hit in the domestic market after the import duty on the precious metal was raised from 10 per cent to 12.5 per cent, leading to a sharp increase in gold prices

Monsoon seen ending with above-normal rains for the first time in six years

Rains show little signs of retreat, 5% above average

No input tax credit on long-term land lease: Firms drag Centre, state to HC

The high court has issued notices to the central and state governments and will now hear the case on September 24

GST rate cut in diamond job work to free up Rs 1,500 cr working capital

Move is likely to encourage polishing units to upscale manufacturing

With no GST cut, auto sector must find own balance to boost demand: SIAM

The GST Council did not cut tax rates on automobiles. The industry had been demanding a GST rate cut from the current 28 per cent to 18 per cent in order to revive sales

Experts see fiscal risk in tax cut, say will have minor impact on growth

According to Nomura, the fiscal deficit during the current fiscal may swell to 3.6 per cent of the GDP due to revenue shortfall arising from the reduction in corporate tax

Cow Commission will review all state laws for gau-raksha: Vallabh Kathiria

At 199 million, India has 14.5 per cent of the world's cattle population but it also has the lowest average milk production rate, says Rashtriya Kamdhenu Aayog's Vallabh Kathiria

Steps being taken to create conducive climate for exports: Shaktikanta Das

With regard to foreign portfolio investment (FPI), several measures have been undertaken to create an investor-friendly regime and to put in place a more predictable policy environment

Major ports post muted growth as coal volumes slide 4% in Apr-Aug period

In corresponding period of FY19, coal cargo had risen by 11%; Overall throughput growth ports at 1.9%

Rs 5,580 cr cane dues: UP files FIRs against Bajaj Hindusthan, Modi Group

Police cases against nine mills filed; recovery certificates issued against some units, which allows district administration to seize movable and immovable properties

Tax cut gives PM Modi the perfect pitch to win American investments

The cropped tax rates are the latest in a series of steps announced by the government

GST council meet: Hotel owners and operators cheer tax reduction

Removal of compensation cess on all manufacturers of aerated drinks brought some breather for beverage majors