Page 2318 - Economy & Policy News

Income-tax officials to keep an eye on sensitive LS seats, bank branches

The direction to the income tax officials came from Central Board of Direct Taxes Chairman PC Mody during a meeting held on Wednesday through video conferencing

High times in Beverly Hills with pot delivery and a Gucci ashtray

High-end department store Barneys New York has given the marijuana lifestyle the luxury treatment, launching a range of pot-themed products this week

Economic Affairs secretary S C Garg defends data revisions amid row

'The results are there for everyone to see,' Garg said

Fitch cuts India GDP growth forecast for FY20 to 6.8% from previous 7%

On the fiscal side, the budget for FY20 plans to increase cash transfers for farmers

Govt crosses divestment target for 2nd year in a row; rakes in Rs 85,000 cr

In FY18, Centre raised Rs 1 trn, compared to a budgeted target of Rs 72,500 cr

Govt gets bids worth Rs 28,000 cr in 5th CPSE ETF, to retain Rs 10K cr

CPSE ETF FFO4 oversubscribed by about 8 times so far against the base issue size of Rs 3,500 crores. Government has decided to retain Rs 10,000 crores, says DIPAM

Launch of second set of Vande Bharat trains delayed due to elections

Though the routes were not finalised, the second set of trains was expected to start operations April

RBI defers launch of IndAs again, awaits amendments to the banking laws

In a late night statement, the RBI said the legislative amendments recommended by it are under consideration of the Centre

108 economists and social scientists question govt's motives in open letter

An intellectual battle is being fought through these letters, largely on social media

Govt exceeds FY19 divestment target by Rs 5,000 cr, rakes in Rs 85,000 cr

The govt has mopped up Rs 9,500 crore from the fifth tranche of CPSE ETF and Rs 14,500 crore from the REC-PFC deal

Govt extends IGST, compensation cess exemption

These exemptions have been extended for exporters buying inputs domestically or importing for export purposes under export oriented unit (EOU) scheme

Rs 2,000 Cr Bonds To Fund Cauvery Development

India needs more reforms to remain the fastest-growing large economy: IMF

Important reforms have been implemented and we feel more reforms are needed to sustain this high growth, said IMF

India generated record number of jobs in January 2019, shows EPFO data

Critics, however, don't find EPFO data robust as the bump is seen in the data because of the requirement that any establishment employing at least 20 people has to cut provident fund

Poultry prices surge by up to 50% on rising demand, lower production

High feed prices raise cost of production; eggs prices soften though

Sharp rally in resource commodities in 2019 on hopes of China demand

Price spurt gets support from dovish outlook by US Federal Reserve, other central banks pm monetary policy and hopes of US-China trade war resolving

GST Council's plan for real estate sector may not find many takers

Sector seeks expansion of price band of affordable housing, lower tax on cement, pins hopes on post-poll reforms

Private power players want Trade Receivables Discount System

Dues of discoms to gencos have ballooned to Rs 41,240 crore

Indian Railways may miss 6,000-km electrification target for this year

Indian Railways has achieved 62% of its 6,000-km target this fiscal year

Shrimp farmers shy away from replenishing stocks on pricing blues

Stocking of shrimps in states like Andhra Pradesh, Tamil Nadu and Odisha is down by about 40 per cent compared to the February-March period last year