Page 2245 - Economy & Policy News

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%

Top 10 business headlines: GST collection falls, car sales skid, and more

From domestic car sales slowdown to Vedanta changing pecking order, Business Standard brings you top 10 stories that made news on Monday

N S Vishwanathan gets extension by one year as RBI deputy governor

Shwanathan is known to be one of the key architects behind the revised norms

Regulatory assets provision to be removed in next power tariff policy

The Ministry of Power recently blamed the SERCs for not ordering regular tariff revision

Firms likely to do water audit as govt plans policy to assess consumption

The government will draw from the perform-achieve-target scheme, which exists for the energy sector to regulate energy consumption