Page 2181 - Economy & Policy News

Confident of hitting tax-collection target, says FM Nirmala Sitharaman

Sitharaman, however, was confident that the target would be achieved without any harassment to taxpayers

Govt sets up task force to streamline infra projects worth Rs 100 trillion

The FM also said an organisation would be set up to provide credit enhancement for infrastructure and housing projects, increasing the flow of funds to these

MSMEs to get pending GST refunds within 30 days: Nirmala Sitharaman

Banks will also have to return all documents within 15 days of a loan closure, helping borrowers whose mortgaged assets are tied up

MSMEs must create 50 million jobs in 5 years, says Nitin Gadkari

Currently, micro, small and medium enterprises contribute 29 per cent to the country's gross domestic product and have created 11 crore jobs in recent years

IRCTC to bring back service charge on online ticket booking from Sep 1

Passengers may have to pay Rs 15 and Rs 30 for non AC classes and AC classes as service charge from September 1

Gujarat retains top position in water management, says NITI Aayog

Releasing the second edition of the Composite Water Management Index, the government think tank said the annual per capita availability of water is expected to reduce to 1,140 cubic metres by 2050

Moody's cuts India's GDP growth to 6.2% for 2019 amid economic slowdown

The cut in growth rates for India was sharper for both the years than the other seven economies

Competition Commission must study foreign firms' conduct, says Sitharaman

The CCI is already studying the new economy segment to understand how some companies abuse dominant positions

Govt to infuse Rs 70,000-cr capital into public sector banks: FM Sitharaman

The capital infusion, ahead of the festive season, will boost banks' lending capacity by an additional Rs 5 trillion

Reform push: Corporate bosses see higher demand and fast recovery

India Inc also expects other measures to make the recovery more permanent

Markets likely to react positively on Monday after FM's announcements

Stock prices of most firms have tumbled since the Budget

Govt unveils measures to revive auto sector amid slowdown concerns

Also, BS-IV vehicles purchased up to March 2020 will remain operational for the entire period of registration, Finance Minister Nirmala Sitharaman said

Surcharge rollback to capital for PSBs, FM announces steps to boost economy

The Rs 70,000-crore recapitalisation announced in the Budget will be sped up

All pending GST refunds to MSMEs will be made in 30 days: FM Sitharaman

Also, in future, all GST refunds of micro, small and medium enterprises (MSMEs) will be paid within 60 days from the date of application, the FM announced

MFs cheer finance ministry's move to allow Aadhar-based KYC

Industry players say decision can be key in deepening penetration levels

Analysts expect FPI selling to reverse; see a market rally on Monday

In a post-market hours press briefing today evening, Finance Minister Nirmala Sitharaman withdrew the enhanced surcharge on long and short-term capital gains

Govt's reform push: FPI surcharge rolled back, banks get Rs 70,000 cr

Finance Minister Nirmala Sitharaman's measures come after the government was criticised for failing to stem a rout in local equity markets and a slowdown in demand.

FM proposes measures to enhance fund flows for infra, housing projects

The minister also outlined steps like labour reforms, amendment to the bankruptcy law to increase investments

Home, vehicle loans and consumption goods to get cheaper: FM Sitharaman

Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction

MSMEs to get pending GST refunds within 30 days, says FM Sitharaman

In future, all GST refunds of micro, small and medium enterprises will be paid within 60 days from the date of application