Page 2244 - Economy & Policy News

Uncertainty on Budget presentation: Gangwar puts ball in Speaker's court

Hints at postponement chances following MP E Ahamed's death; but says speaker will decide

Prepare FY19 financials as PMO wants quick disinvestment: Govt to AI

After a botched attempt to sell Air India in May last year, a panel led by Finance Minister Arun Jaitley had decided in June to scrap the stake-sale plan for the time being

Budget 2019 likely to retain divestment target at Rs 90,000 crore

The fiscal deficit target of 3.4 per cent of gross domestic product (GDP) for 2019-20 is likely to be retained as well

CII urges govt to divest brownfield assets to boost private investments

The chamber said low risk makes projects attractive to lenders as well and many international wealth funds and pension funds are also willing to bring in long term funds into India for such projects

Expenditure Budget format rejig likely

Several heads are likely to be clubbed and presented under broad heads

Expenditure Budget gets House nod

Monetary policy: RBI likely to change stance to 'neutral' on Thursday

A softer stance would bode well for Prime Minister Narendra Modi's government, which wants to boost lending and lift growth as it faces elections by May

Likelihood of GDP growth coming at below 7% in 2019-20 is very high: Nomura

Global slowdown, tight financial conditions and political uncertainty in the election year will be the biggest headwinds for growth, the report by Japanese brokerage Nomura has said

Fiscal policy to manufacturing: What corporate leaders expect from Modi 2.0

We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions, says Pawan Goenka, CEO & MD, Mahindra & Mahindra

GST collections in June fall to Rs 99,939 cr, down from Rs 1 trn in May

While the GST collections in June were lower than Rs 1,00,289 crore in May, they were higher than Rs 95,610 crore receipts in the same month of the previous year

GST may become two-tier tax with merger of 12% and 18% slabs: Jaitley

Jaitley said 20 states are already showing more than a 14% increase in their revenues and do not require the centre to compensate them for revenue loss arising out of GST implementation

GST rates distortionary, procedures complicated: Bengal FM Amit Mitra

Mitra said the peak rate of 28% should be completely abolished

GST collection falls below Rs 1-trillion mark, first time in four months

Govt might push data intelligence, crackdown on evasion to boost collections

GST benefits will start accuring to economy in the coming yrs, say experts

Appreciating the efforts of the GST Council, Lakshmikumaran said that it would help those who are on the right side of the law and bring to book habitual offenders

Govt sacks 12 senior I-T officers including a senior officer for corruption

It also includes an IRS officer in the post of Commissioner (Appeal) in Noida, who was accused of sexual harassment to two lady IRS officers of Commissioner rank

I-T dept issued Rs 64,700-cr refund between April 1-June 18: Sitharaman

Sitharaman further said that 269 million SMS and emails were sent to taxpayers in 2018-19, reminding them to file their ITRs on time

LTCG tax: No STT likely on employee stock options plans, inherited shares

Listed shares received through family succession or will of the deceased and acquired till January 31 will not attract STT

Oil prices ease as demand worries counter supply cuts

The Organization of the Petroleum Exporting Countries (OPEC) agreed on Monday to extend oil supply cuts until March 2020

India sees boosting green power by 2030, exceeding Modi's climate target

The polluting fuel will continue to produce half of the country's electricity by 2030, compared with about 72% now

More women are self-employed in India, fewer hold salaried jobs

Rural women's workforce participation has fallen to 18%, and the participation of urban women is down to 14%