Page 2234 - Economy & Policy News

Budget impact: Infrastructure, housing finance, cement firms key gainers

Rural development initiatives both on physical and social infrastructure could spur employment and consumption

Railway union says will launch protest after Budget proposes privatisation

FM Sitharaman in her Budget speech on Friday proposed that railways should use Public Private Partnership (PPP) model for faster development

Tax proposals to yield additional Rs 30,000 cr in FY20: Revenue Secretary

He said the exchequer will mobilise the additional resources by way of increase in duty and cess on petrol and diesel, customs duty on gold and precious metals, besides higher surcharge on super-rich

Renewable energy certificate sales down 22% to 698,000 units in June

IEX data showed that both non-solar and solar RECs continued to see low supply situation, with buy bids exceeding sell bids due to low inventory

Deficient monsoon hits Kharif sowing, acreage down 27% so far: IMD

Sowing of kharif crops begin with the onset of southwest monsoon, which this year arrived late delaying the sowing operation and rainfall remained deficient by 33%

Aadhaar now alternative for payments above Rs 50,000: Revenue Secy Pandey

This follows the Budget allowing interchangeability of PAN and Aadhaar

Union Budget 2019: Defence salary bill leaves less for new weaponry

Government sources argue this year's capital allocation of Rs 108,248 crore cannot be increased further, since it already accounts for one-third of the central government capital expenditure

PLF for new power plants could rise as old units head for closure

As of May 2019, India's total thermal power capacity stood at 226.3 Gw

Forget about taxman; focus on business: CBDT chief to start-up community

Now, I think everything has been sorted out and there should not be any cause of concern for the start-ups: P C Mody

Tea firms to approach Centre to seek exemption from TDS on cash withdrawals

Around 60 per cent of the total cost of production comprises of wages (both in cash and in kind) which is paid in cash

CBDT asks I-T dept to add 13 mn new filers in FY19 to widen the tax base

A new filer is defined as a person who is not included in the base at the beginning of the year

Water grid programme set to connect India with Bangladesh seamlessly

In October 2018, India and Bangladesh signed a pact for enhancing inland and coastal waterways connectivity between the two countries for trade and cruise movements

Budget 2019: Is the rationalised GST target still too ambitious?

CGST would have to average Rs 47,358 cr a month for rest of FY19 compared to Rs 33,257 cr so far

Budget 2019: Petrol, diesel get dearer by Rs 2 a litre on excise duty hike

In Delhi, petrol is being sold Rs 2.45 higher at Rs 72.96 per litre and diesel at Rs 66.69 per litre after a Rs 2.36 hike

Critics of $5-trillion economy are 'professional pessimists', says PM Modi

PM Modi said India should use its demographic dividend to join the league of developed countries

Modi govt exploring opportunities for more mergers in energy: Dipam secy

FM Sitharaman said strategic disinvestment of select central PSUs would remain priority for this government

Budget steps on NBFCs to boost consumption, says FM Nirmala Sitharaman

The government will allow NBFCs to raise funds in public issues

Why India needs to ramp up nuclear power: All you need to know

Is expansion of the nuclear sector - with high capital expenditure and a high tariff (initially) - justified in the Indian context at a time of stress in the power sector?

How India's present drought-like situation is similar to 1943 Bengal famine

As in 1943, India's poor and landless (whether in urban or rural areas) are the ones who suffer, while the wealthy and landed prosper

Aadhaar can be used for cash transactions beyond Rs 50,000 in place of PAN

Banks and other institutions will make backend upgrades to allow acceptance of Aadhaar in all places where quoting PAN is now mandatory, says Revenue Secretary