Page 2224 - Economy & Policy News
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
 "NHAI in talks with NIIF to fund proposed Amritsar to Jamnagar highway")
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.
 "Congress govt's Budget in MP to spend Rs 132 crore on 1000 cow shelters")
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
 "Trade dispute India's top agenda during US officials visit to New Delhi")
PMO calls for freezing of shell firms' bank accounts within two weeks
Finance Secretary S C Garg will chair a meeting on Thursday
 "PMO calls for freezing of shell firms' bank accounts within two weeks")
People now get passports issued within 11 days, govt informs Lok Sabha
Passports under the 'tatkal' category are issued within a days's time
 "People now get passports issued within 11 days, govt informs Lok Sabha")
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
 "CBDT says FPIs can convert to corporates, rules out surcharge relaxation")
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
 "Every number in Budget is authentic, speculation wrong: Sitharaman")
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
 "Direct tax collection target of Rs 13.35 trn is achievable: CBDT chairman")
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
 "Metal sector's share seen at 25% in Odisha's quest to become $1 trn economy")
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
 "Article 370 temporary provision in Constitution: Govt tells Rajya Sabha")
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'
 "Budget 2019 lacks meaningful fiscal consolidation plan: Fitch Ratings")
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)
 "Railways on recruitment drive, to fill up 294,000 vacancies: Goyal tells LS")
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.
 "Deposits under PM Modi's flagship Jan Dhan Yojana cross Rs 1 trillion")
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.
 "Passenger vehicle sales decline by 18% in June, car sales down 25%: SIAM")
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
 "Getting them ready for restructuring: Govt may capitalise PSU insurers")
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
 "Modi govt needs more than tax breaks to make India an investment hub")
IL&FS impact: Govt considers rating reforms to separate review, approval
Rating agencies that had rated the debt instruments of IL&FS, which went bust, are facing government heat
 "IL&FS impact: Govt considers rating reforms to separate review, approval")
Govt working on sovereign benchmark for overseas debt: Sanjeev Sanyal
According to Sanyal, the government has been able to anchor the inflation level between three to four per cent
 "Govt working on sovereign benchmark for overseas debt: Sanjeev Sanyal")
Cheaper power for new units irks existing players in Madhya Pradesh
The differentiation, the industry has contended, is not allowed under the provisions of Electricity Act, 2003
 "Cheaper power for new units irks existing players in Madhya Pradesh")