Page 2190 - Economy & Policy News

Taxmann.com releases tool to find GST rate applicable on different dates

The GST regime has 7 rates for goods and 5 for services

Aramco project: Indian activists fear oil refinery may return, hold protest

The project is joint venture between Saudi Arabian oil companies, Aramco and Adnoc, and Indian companies, Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation

SC upholds homebuyers' status as financial creditors in insolvency law

Apex court asks government to fill vacancies in NCLT, NCLAT and RERA within three months, submit status report

Govt may soon take a decision on tweaking FPI surcharge proposal

FM Sitharaman meets representatives of MFs, investment banks, FPIs

Used cooking oil may fuel cars as OMCs look to procure biodiesel

Several food chains - including McDonald's, KFC, Burger King, and Haldiram - have started supplying to bio fuel firms

Need to improve capacity building of stakeholders, says IBBI chairman

Sahoo reiterated that there was no shortage of resolution professionals and registered valuers

Rain lashes India, but skewed across regions: CRISIL's Drip index

Several states and crops grapple with deficient rains

Kharif sowing to be normal, says govt; monsoon level 1% below average

Overall, total kharif crops so far have been sown in around 86.95 million hectares, which is 5.35 per cent lower than the same period last year

Govt to review CSR criminal penal provisions: FM Nirmala Sitharaman

Less than 1% of large corporates pays corporation tax at 30%, with the rest at 25%

India's factory output falls to 2% in June as manufacturing slows

The manufacturing segment constitutes the bulk of the IIP at 77.6%

Govt must raise expenditure on infra, focus on rural income: Experts

Resolve NBFC crisis, ask banks to transmit MPC's decisions, they say

Rural investment is the best way to revive economy, says Pronab Sen

The informal sector is starting to crawl back, and taking back some of the space it had given up after demonetisation

Auto industry unanimous on its demand for GST cut to 18%, says SIAM

SIAM said Hero MotoCorp Chairman Pawan Munjal had also emphasised on this point on immediate GST reduction at the meeting with finance minister Nirmala Sitharaman

India's corporate profits one of the lowest among major economies

Combined net profit of BSE500 companies at $63 bn is 2.3% of GDP; global average is 5%

Rising price of gold boosts central bank's forex reserves coffers

The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising

Reliance Pension Fund exits NPS after Nippon Life increases stake in RNam

Reliance Capital Pension Fund has voluntarily offered back the license

Andhra Pradesh holds Diplomatic Outreach Programme; eyes big investments

South Korean ambassador Shin Bongkil said that the country's steel giant POSCO would explore the possibility of setting up a steel plant in Kadapa district

FM Sitharaman hints at corporation tax cut, silent on FPI surcharge

Promises simplifying tax laws

Lab-grown diamond jewellery exports from India to capture 2% of US market

Apart from the US, India exports its lab-grown diamonds to France, Italy and Australia apart from other European and Asian countries

India's industrial output growth falls to 2%; power, mining expansion drops

Industrial production growth declined to 2 per cent in June, mainly on account of poor show by mining and manufacturing sectors.