Page 2207 - Economy & Policy News

Cabinet approves bill to help tackle unregulated deposit schemes

The bill will replace the Banning of Unregulated Deposit Schemes Ordinance, 2019

Cabinet approves bill to merge 13 central labour laws into single code

The proposed Code on Occupational Safety, Health and Working Conditions Bill, 2019, would enhance the coverage of workers manifold, an official release said

PM Gram Sadak Yojana gets Cabinet Committee go-ahead at Rs 80,250 cr

Under the PMGSY-III Scheme, it is proposed to consolidate 125,000 km road length in the states

NHAI in talks with NIIF to fund proposed Amritsar to Jamnagar highway

The proposed Delhi-Mumbai expressway would also be connected to the industrial city of Indore and an arm of the erstwhile Golden Quadrilateral

Congress govt's Budget in MP to spend Rs 132 crore on 1000 cow shelters

Kamal Nath government's first Budget announces new 'Land Pooling Policy' for industries.

Trade dispute India's top agenda during US officials visit to New Delhi

Officials said the basic contours of the package must be renegotiated as experts had said the earlier terms were favourable to the US without helping India

PMO calls for freezing of shell firms' bank accounts within two weeks

Finance Secretary S C Garg will chair a meeting on Thursday

People now get passports issued within 11 days, govt informs Lok Sabha

Passports under the 'tatkal' category are issued within a days's time

CBDT says FPIs can convert to corporates, rules out surcharge relaxation

Mody said the increase in surcharge was to provide benefit to the taxpayers who are in the lower end of the income tax slab

Every number in Budget is authentic, speculation wrong: Sitharaman

Sitharaman said the fiscal deficit in the regular budget was pegged at 3.3 per cent of the GDP as against 3.4 per cent in the interim budget presented in the House in February

Imposed TDS levy after 448 entities withdrew Rs 100 cr each in a year: Govt

Over 1.03 lakh entities made cash withdrawals in the range of Rs 1-2 crore in 2017-18, totalling more than Rs 1.43 lakh crore

Direct tax collection target of Rs 13.35 trn is achievable: CBDT chairman

He also said that the government can only think of further "lowering" corporate tax rates once the exemptions and deductions in this sector are phased out

Metal sector's share seen at 25% in Odisha's quest to become $1 trn economy

Other drivers of Odisha's 2030 vision of achieving trillion-dollar mark include farm sector, food processing, creative industries, MSMEs and women entrepreneurship

Article 370 temporary provision in Constitution: Govt tells Rajya Sabha

Union Minister of State for Home G Kishan Reddy told Rajya Sabha that at present, Article 370 is contained as a temporary provision in the Constitution

Budget 2019 lacks meaningful fiscal consolidation plan: Fitch Ratings

It further said some measures could weigh on growth over time, such as higher import duties on many products to 'provide a level playing field to domestic industry'

Railways on recruitment drive, to fill up 294,000 vacancies: Goyal tells LS

Vacancies are filled through Railway Recruitment Boards (RRBs) and Railway Recruitment Cells (RRCs)

Deposits under PM Modi's flagship Jan Dhan Yojana cross Rs 1 trillion

The PMJDY was launched on August 28, 2014, with an aim to provide universal access to banking facilities to the people in the country.

Passenger vehicle sales decline by 18% in June, car sales down 25%: SIAM

Vehicle sales across categories registered a decline of 12.34 per cent to 19,97,952 units from 22,79,186 units in June 2018, it added.

Getting them ready for restructuring: Govt may capitalise PSU insurers

The quantum of capital support would be worked out post EY gives its report, though DIPAM sources said that anywhere between Rs 9,000 crore and Rs 10,000 crore capital support would be required

Modi govt needs more than tax breaks to make India an investment hub

India is missing out on global value chains because of its inadequate transport infrastructure, land and labor regulations and tax structure