Page 2334 - Economy & Policy News

7 months after CEO quit, corner office at National Housing Bank still empty

Dakshita Das, additional secretary in the finance ministry, currently holds additional charge as MD & CEO of the NHB effective August 16 last year

No need to pay GST on tax at source on purchase of goods, says govt

TCS is usually applied to a list of nearly 10 items which includes cars costing above Rs 1,000,000 and scrap articles

New GST return forms released; compliance process simplified from April 1

Under the new format, invoices can be reported on a continuous basis

Cloudtail India fined Rs 11 lakh by GST anti-profiteering authority

The complaint against Cloudtail was that it increased the base price after the GST was cut with effect from November 1, 2017

Govt will meet fiscal deficit target of 3.4 per cent in FY'19: S C Garg

As per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 per cent for the current fiscal year ending March 31

CII survey claims jobs creation by MSMEs up 14% in last 4 years

The top job generating sectors were hospitality & tourism followed by textiles & apparel and metal products

Steel prices up Rs 1,700 per tonne, another Rs 2,000 hike on the cards

Moody's expects India's steel consumption to grow at 5.5-6% annually over the next one-two years

New e-commerce policy likely to take effect after Lok Sabha polls

Comments on draft policy are now open till March 31

India's foreign exchange reserves increase past $400 billion-mark

In the previous week, the reserves had risen by $944.7 million to $399.217 billion

Despite US sanctions, Indian tea cos bullish about boosting trade with Iran

In 2018, tea exports to Iran, India's second-most important tea market, shot up only by around 3.5% in terms of volume

Access to cash from RBI doesn't improve viability of ATMs, say operators

Interchange is the rate charged by the ATM operator for every transaction

Govt notifies FAME-II with Rs 10K-cr outlay, offers incentives on EVs

FAME-II will offer an incentive of Rs 1.5 lakh each to 35,000 electric four-wheelers with an ex-factory price of up to Rs 15 lakh

Govt sells stake in Dredging Corporation to four ports for Rs 1050 cr

The transaction was concluded at a premium price per share of around Rs 510, vis-a-vis today's closing price of the Company of Rs 437 per share

After the end of GSP, shrimp exporters apprehend new duty by America

In 2018, India met 35% of shrimp imports by the US, which is the largest market for Indian exporters

Aquaponics farming gaining ground but limited by costs, product range

The technology works mainly for exotic vegetables which command a premium in the market, and it isn't every farmer's cup of tea as the investment is too large for local produce to be viable

How UP covered 800,000 families left out of Ayushman Bharat due to data gap

Under the recently launched Mukhya Mantri Jan Arogya Abhiyan, these households are being provided the same coverage as they would have received under Ayushman Bharat

India may become third-largest consumer economy by 2025: Venkaiah Naidu

Naidu said India is witnessing a country-wide sweep of digital connectivity, transformative economic reforms, favourable demographics

Amid trade tensions with US, India wants Iran oil sanction waiver extended

The US had reimposed sanctions against Iran last November in a dispute over Tehran's nuclear and missile ambitions

UP, AP ahead in taking benefits of PM-KISAN; 21.8 million farmers reached

The scheme promises a support of Rs 6,000 annually to small and marginal farmers

GMR bid to develop and operate Nagpur airport approved, says Fadnavis

A completely new international airport will come up in Nagpur,' informed Fadnavis