Page 2232 - Economy & Policy News

Online monitoring system in place for schemes for STs: Minister Arjun Munda

The ministry has developed online portals for monitoring of its schemes related to NGO grants, scholarships, Forest Rights Acts, Tribal Research Institutes

Govt aims to cut stake in state-run cos to minimum required in FY20: Report

The government aims to raise Rs 400 billion from exchange-traded funds, the official told reporters. The official declined to be identified

Centre to pose tough questions to auditors for quitting companies

There has been a spate of resignations by auditors who want to derisk themselves from companies whose accounting practices may be questionable

India's highest personal tax rate still lower than those in China, US: Govt

Following the increase in surcharge, the effective income tax rate for individuals with taxable income of Rs 2-5 crore will go up from 35.88 per cent to 39 per cent

How India's middle class is rescuing Thailand's struggling tourism sector

At a beachfront hotel on the tropical island of Phuket, the occupancy rate from Chinese clientele has stalled, while bookings from India have begun to rise

Budget 2019: NHB to retain power to inspect, penalise housing finance firms

NHB may also independently inspect the books of the HFCs, according to provisions of the Finance Bill, 2019

Is Subhash Palekar's zero budget natural farming solution to farm woes?

As on date, ZBNF is being implemented in 131 clusters covering 704 villages under the Centre's Rashtriya Krishi Vikas Yojana

A pinch here, a windfall there: Govt's fuel tax earning explained in charts

The effective tax on petrol now stands at 105 per cent, or Rs 35.5 per litre, and excise duties contribute a healthy Rs 20 per litre

Budget 2019: India redirects foreign aid to Indian Ocean countries

After Bhutan, which has been allocated Rs 2,802 crore this year, tiny Mauritius will be the second-largest recipient of Indian aid

DoT likely to start tracking system for lost mobile phones next month

The tracking system would make the detection of stolen mobile phones possible even if the SIM card is removed or unique code IMEI number is changed

Budget impact: Super-rich tax hits 1,000 executives in corporate India

Overall, 901 listed companies had 1,720 officials earning more than Rs 1 crore in FY18

Monsoon deficiency falls to 21%; east, northeast see lowest rainfall: IMD

According to the Central Water Commission, of the 91 major reservoirs in the country, 62 water bodies reported 80 per cent or below of normal storage

'High-risk remittance' data under Income Tax department's scanner

The Income Tax Act empowers the CBDT to capture information in respect of payments to non-residents, whether taxable or not

Budget 2019: NHAI fundraising plan raised by 21% to Rs 75,000 crore

This financial year, allocation has been made to the NHAI for major works under the Bharatmala Pariyojana, entrusted to the organisation for execution

Union Budget 2019: Discoms buying from gas units to now get subsidy

Of the 24,150 Mw of gas-based power generation capacity, 14,305 Mw has no supply of domestic gas

20% tax on buyback may put firms with high promoter shareholding in a fix

Under the current framework, the dividend distribution tax borne by the company is effectively taxed at the rate of 20.56 per cent

Budget 2019: Boost for EVs evokes mixed reactions from auto industry

The income tax rebate of Rs 1.5 lakh for EV buyers along with GST rate of 5% will encourage buyers in the personal mobility space to "seriously consider EVs", believe industry experts

Budget impact: Electronic, fashion brands may accelerate India plans

Finance Minister Nirmala Sitharaman said the 30 per cent local sourcing norms in single-brand retail would be relaxed as she sought to make India an attractive destination for foreign players

TDS on Rs 1-crore cash withdrawal aimed at cracking down on black money

The ministry said that the 2% tax, announced in last week's budget and to start in September, was prompted by information showing misuse

Budget 2019 in charts: Social sector spending rises, except on education

Education now occupies a smaller share in the overall social sector expenditure