Page 2147 - Economy & Policy News

Govt scraps 5% import duty on open cell TV panel to boost manufacturing

Open cell panel is an important part of TV manufacturing and cover more than half cost of the unit

GST Council unlikely to back tax cuts for automobile sector: Reports

A govt study has said the total annual revenue loss could be as much as Rs 50,000 cr, if the panel decided to lower tax rates for the auto sector to 18% from 28%

Non-residents' investments in India's mutual funds near Rs 1 trillion

It was Rs 86,000 crore a year ago

Govt scraps plans for PSB ETF launch this year as banks busy with mergers

No clarity yet on which banks' shares will make up ETF basket till the mergers

Delhi-Katra Vande Bharat Express to begin operations before festival season

The high speed train, which currently offers only chair car service, will bring down the travel time between Delhi and Katra

Govt waives three-year lock-in period on investments made by NRIs in IDFs

With an aim to accelerate and enhance flow of long-term debt in infrastructure projects, amendments in the tax laws were made to provide exemption from income tax to infrastructure debt funds in 2011

Rail coach making gets a hand from robots; MCF beats expectations

MCF and its design consultant Ircon have drawn a roadmap to transform the Raebareli unit into the world's largest coach factory

MoD spells out five-point plan for raising annual defence production

Defence production targeted to reach $26 billion annually by 2025

NGOs receiving substantial financing from govt come under RTI Act: SC

The top court said the RTI Act was enacted with the purpose of bringing transparency in public dealings and probity in public life

Govt considering another 'booster dose' to revive economy: Report

Earlier this week, RBI Governor Shaktikanta Das had said the government has taken a number of measures to boost the economy in three phases and indicated that more steps are likely

GST Council may rationalise rates for five-star hotels in Friday meeting

Fitment panel does not favour rate reduction for vehicles, biscuits

GST Council meeting likely to witness a heated debate over lottery rates

Centre will push for single rate; Kerala wants to retain current dual structure

Rajnath Singh to fly in Tejas LCA, spend night on aircraft carrier

Defence Minister Rajnath Singh will take a flight in the Tejas light combat aircraft in Bengaluru, and then travel to Mumbai for milestones in India's shipbuilding programme

Reserve Bank wants stricter rules for e-commerce payments gateways

Payment gateways and payment aggregators refer to entities, which provide technology infrastructure to route and facilitate processing of an online payment transaction

In a first since 1998, NMDC and GJEPC to auction rough diamonds in Surat

Panna diamonds to be showcased first time ever at Surat International Diatrade Centre; stones weighing 24,000 carat in all, and valued at Rs 25 cr will be displayed between Sept 24-27

Govt allows SAIL to sell 25% of its iron ore from captive mines

The ministry of steel has stated that more than 162 mt of low-grade iron ore are available at mine heads in India

Auctions can't get new mines running, no lease inked for greenfield assets

Before the auction regime, 2,754 mining leases were executed during 2006-10 and 494 were executed between 2010 and 2014, most of which were greenfield

World trade in commercial services continues to decline in Q2FY20: WTO

WTO launched a new Services Trade Barometer on Tuesday

Operational creditors trigger 50% of insolvency resolution process: IBBI

Of the 2,162 CIRPs initiated, 1,080 have been by operational creditors and 868 are by financial creditors

New proposal in works to give Dipam more power to carry out privatisation

Cabinet to discuss plan on strategic sale policy soon