Page 2209 - Economy & Policy News
Mining in the deep end: Iron ore and manganese miners are staring at mayhem
Leases of miners are going to expire in March 2020 and there is no way the arduous process of auction of mines will complete before the it expire
 "Mining in the deep end: Iron ore and manganese miners are staring at mayhem")
Cost of Rs 2000 note falls 65 paise per piece in 2018-19: Official data
The selling price of Rs 200 note per piece declined to Rs 2.15 in 2018-19 compared to Rs 2.24 in 2017-18
 "Cost of Rs 2000 note falls 65 paise per piece in 2018-19: Official data")
Banks reported frauds worth Rs 1.8 trn in 11 years: Govt tells Rajya Sabha
The year 2016-17 witnessed reporting of 3,927 cases of fraud involving amount of Rs 25,883.99 crore, which was the highest in the last 11 years
 "Banks reported frauds worth Rs 1.8 trn in 11 years: Govt tells Rajya Sabha")
Achieving $5 trillion economy by 2024-25 eminently doable: Niti Aayog VC
India was not an autocratic country, Kumar said and added that whatever needed to be done had to be within the democratic framework
 "Achieving $5 trillion economy by 2024-25 eminently doable: Niti Aayog VC")
What have you done to ensure clean drinking water in trains: HC to Railways
The bench asked the lawyer for the Railways to file an affidavit indicating the steps it has taken and proposes in future for ensuring clean drinking water on its trains and stations
 "What have you done to ensure clean drinking water in trains: HC to Railways")
Rly passenger fare: Trivedi for dynamic pricing
Rly passenger fare: Trivedi for dynamic pricing
5 reasons why the Iran deal will have no impact on oil prices
This will only facilitate the world powers to get closer to the nuclear reactors for inspection rather than allow Iran to get closer to the market.
 "5 reasons why the Iran deal will have no impact on oil prices")
Startups should not be concerned about legacy tax issues: CBDT chief
The Budget also proposed a number of measures to resolve the problems being faced by startups with regard to their initial funding, called angel tax, their certification and verification of investors
 "Startups should not be concerned about legacy tax issues: CBDT chief")
Google, Facebook, Twitter, Amazon stare at 30-40% digital tax blow in India
At present, India has the equalization levy framework for limited foreign transaction happening digitally
 "Google, Facebook, Twitter, Amazon stare at 30-40% digital tax blow in India")
CCI scanner on big data sector to prevent anti-competitive activity
The CCI chairman said the surveys would try to understand how cartels were formed and how anti-competitive actions could be checked
 "CCI scanner on big data sector to prevent anti-competitive activity")
TikTok alarm: Govt to directly approach Google, Apple to spike such apps
Govt decides to directly approach Google, Apple to spike such apps
 "TikTok alarm: Govt to directly approach Google, Apple to spike such apps")
India to make G20 pitch for taxing digital giants like Google, Facebook
The G20 ministerial will be a step towards building a political consensus to finalise a solution to tax digital economies by 2020 under OECD's BEPS framework
 "India to make G20 pitch for taxing digital giants like Google, Facebook")
To stop undue benefits to digital giants, G20 urged to speed up digital tax
"We have to hurry up," said French Finance Minister Bruno Le Maire during a panel discussion of top policymakers before the G20 meeting officially opened
 "To stop undue benefits to digital giants, G20 urged to speed up digital tax")
G20 finance ministers agree to plug tax loopholes used by Facebook, Google
Facebook, Google, Amazon and other large technology companies face criticism for reducing their tax bills by booking profits in low-tax countries.
Restricting cross-border data flow will hurt economy: Internet companies
Asia Internet Coalition says draft e-commerce policy must not classify data as a community resource.
 "Restricting cross-border data flow will hurt economy: Internet companies")
Chhattisgarh becomes first state to include project affected people in DMF
State govt has made amendments to include 10 members from a Gram Sabha in a mining-affected area in the DMF Governing Council; 50% of Gram Sabha members will be from ST category
 "Chhattisgarh becomes first state to include project affected people in DMF")
Approved 187 new cold chain projects in last 5 years: Govt tells Lok Sabha
Food Processing Industries Minister Harsimrat Kaur Badal Tuesday said that under the scheme for integrated cold chain and value addition infrastructure, 292 projects have been approved so far.
 "Approved 187 new cold chain projects in last 5 years: Govt tells Lok Sabha")
Farmer suicides spiked after UPA's Rs 70k cr loan waiver: Parshottam Rupala
Supreme Court has stated that it will be for the Union Government to determine whether and if so what, course should be adopted for this purpose
 "Farmer suicides spiked after UPA's Rs 70k cr loan waiver: Parshottam Rupala")
If it moves, tax it: Desperation creeps into Indian economic policy-making
As with its tax grab, India's desperate focus on short-term fiscal fixes risks doing greater damage in the long term
 "If it moves, tax it: Desperation creeps into Indian economic policy-making")
I-T dept eyes NRIs' residential status, reopens tax assessments of 5 years
The department has pulled up people who evaded tax and were sent notices a month ahead of Budget 2019
 "I-T dept eyes NRIs' residential status, reopens tax assessments of 5 years")