Page 2222 - Economy & Policy News

Every number in Budget is authentic, says Finance Minister Sitharaman

Data given in the Budget is 100% above board, Sitharaman said

PAN not linked to Aadhaar card will become invalid from September

Those who cite an Aadhaar number, which is not already linked to a PAN number, for tax returns and other specified transactions after September 1, will get a fresh one from the Income Tax Department.

No question of rolling back surcharge on FPI trusts, says Finance Ministry

According to reports, about 2,000 FPIs operate as trusts

Govt task force to draw up $110-bn mobile export business blueprint

Nearly 60% of the market is made up of exports by the companies

Services trade: Centre preparing database to strengthen the sector

The government had unveiled big plans for the services sector last year

Former CEA Arvind Subramanian defends stance on GDP overestimation

The former CEA said that India had sustained high growth rate after 2011

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