Page 2254 - Economy & Policy News

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

Devendra Fadnavis to head chief ministers' panel on agriculture reform

The decision to form the panel was taken by Prime Minister Narendra Modi in the fifth meeting of the NITI Aayog governing council last month

India's manufacturing sector growth slows in June, PMI slips to 52.1

This is the 23rd consecutive month that the manufacturing PMI has shown a growth

Core sector growth declines marginally to 5.1% in May; steel grows 19.9%

The electricity sector saw growth rise to 7.2%, up from 5.9% in April

Govt considering giving more power to RBI to regulate NBFCs: Sitharaman

Unclaimed deposits in banks have witnessed a jump of 26.8% to Rs 14,578 crore in 2018

Discussion on to cap fee of non-audit services: Corporate Affairs Secretary

This comes when auditors are being pulled up after discrepancies were found in companies

Election impact: New projects down 85% YoY in June on Capex slowdown

CMIE data puts value of new projects at Rs 43,000 cr, compared with Rs 3.45 trillion a year ago; completed projects down 60% to Rs 53,000 cr from Rs 1.33 trillion in June 2018

Monsoon deficiency in June this year highest since 2015, reveals IMD data

Central Water Commission data revealed that as on June 27, of the 91 major reservoirs in the country, 62 water bodies reported 80 per cent or below normal storage

Total service tax arrears rise to Rs 1.66 trillion in FY18: CAG report

Similarly, in respect of central excise, total arrears increased to Rs 96,496 crore in FY 2017-18 from Rs 84,200 crore in the previous year.