Page 2282 - Economy & Policy News

NITI Aayog urges govt to promote AI in social sector for inclusive growth

According to the Aayog, an incremental $957 billion could be added to the GDP by 2035 by adopting AI, boosting India's annual growth by 1.3 percentage points by 2035

IL&FS crisis: Independent directors under corp affairs ministry scanner

The role of auditors, credit rating agencies and some former officials entities are already being looked into by the ministry, which had superseded the IL&FS board in October 2018

Home buyers to pay 12% GST on dues if project gets completed before Apr 1

The CBIC further clarified that exempted goods procured by a builder under the new tax regime would not be counted within the 80 per cent limit set for procurement from registered dealers

Why Integrated GST still remains a grey area under goods and services tax

This part of the new tax has not still been fully resolved, and many states do not even know how it is being shared between them and the Centre

The critical role of the tax department in promoting the country's exports

A committee set up by CBIC will look at expediting access to imports used in the manufacture of exported goods, and will also do away with any tax anomalies that may arise in the process

Breaking rules? Japan takes India to WTO over mobile phone import duties

India's mobile phone imports are dominated by China, although its appetite for foreign phones has shrunk fast

Cars, shampoo and travel tell tale of India's slowing consumption

The bellwether consumer goods sector has been hard hit, especially given distress in rural India where incomes have been subdued

Many schemes must end, be reviewed to fund NYAY, says MIT Economist

In an interview with IndiaSpend, MIT Economist Banerjee spoke about the the financial viability of NYAY

Former RBI Deputy Guv appointed additional director on Yes Bank board

Yes Bank's shares closed at Rs 156.15 apiece on the BSE, up 0.84 per cent over Monday

I-T dept again defers GST, GAAR reporting in tax audit till March 2020

Business entities having a turnover of more than Rs 1 crore and professionals with gross receipts of more than Rs 50 lakh have to comply with audit needs

India again postpones retaliatory tariff deadline on US products to June 16

These deadlines were extended several times since June 2018, when India decided to impose these duties in retaliation to a move by the US to impose high customs duties on steel and aluminium products

India to decide on resuming Iranian oil buy after Lok Sabha polls: Report

Iran's Foreign Minister Javad Zarif held talks on the issue with Sushma Swaraj

Monsoon to arrive late on June 4, 15% chance of drought, says Skymet

What augurs ill for the economy is that Skymet expects multiple agrarian regions to have serious shortfall in rains

In post-auction regime, production in new mineral blocks fails to take off

Despite 54 blocks being auctioned, no mining leases have been executed for greenfield blocks

WTO meeting ends with demand for breaking dispute settlement system logjam

The mini-ministerial held by India saw nations commit to multilateralism, and bat for special trade rule provisions for developing and least developed countries

RBI needs to go for larger rate cut in June monetary policy: SBI report

The central bank is slated to announce its next bi-monthly policy decision on June 6

India may again extend retaliatory tariff deadline on US products: Report

The last extension on products like almond, walnut, and pulses will end on May 16.

Polls come and go, but Kushinagar continues to await international airport

Kushinagar is part of a Buddhist Circuit that comprises several districts along Eastern UP-Bihar border; other include Sarnath (Varanasi), Kaushambi, Shravasti and Kapilavastu

Monsoon to arrive on Kerala coast on June 4, deliver less rainfall: Skymet

Rains usually lash Kerala state around June 1 and cover the whole country by mid-July. Timely rains trigger planting of crops such as rice, soybeans and cotton

Indian industry fears dumping of Chinese steel, seeks govt protection

China could soon start flooding excess steel into its market after the United States raised tariffs on Chinese products due to the escalating trade war, fears Indian industry.