Page 2340 - Economy & Policy News

More firms bid for bankrupt companies after SC removes tax deterrent

While the minimum alternate tax (MAT) is payable, the SC order has helped to clarify on the write-back of loan waivers, said a lender

PFRDA working on minimum assured return scheme for NPS subscribers

NPS is a contributory retirement savings scheme and seeks to inculcate the habit of saving for old age among the citizens

GST cut on housing sales revolutionary, to help struggling sector: Experts

Sales of under-construction houses were severely affected as there was no GST on completed homes

GST Council cuts tax on under construction residential houses to 5%

The council also decided to lower the tax rate on affordable housing projects to 1% from 8%

PM Narendra Modi launches Rs 75,000-crore farmer scheme in Gorakhpur

PM Modi noted that the government wanted to empower farmers at all levels in order to double their income by 2022

347 infra projects worth Rs 150 cr each show cost overruns of Rs 3.2 trn

The brief reasons for time overruns, as reported by various project implementing agencies, are delays in land acquisition, forest clearance and supply of equipment

Modi to launch PM-Kisan scheme in Gorakhpur; Rs 2000 each for 10 mn farmers

The income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal instalments of Rs 2,000 each

Railways gives land at Re 1 per acre on lease to Bengaluru suburban project

Of the total land requirement of 800 acres for the project, about 617 acres will be railway land

Relying on RBI's monetary policy for growth is a recipe for disaster

For one thing, central banks are poor forecasters

E-commerce policy draft pushes for data protection; Chinese firms on radar

E-consumer courts to be developed to battle grievances

Authorities facing difficulty to identify smuggled gold due to defacing

Myanmar has created several melting units on the borders of West Bengal and North-East solely to hide the identity of these gold bars to evade duty

Kerala to block move to alter lottery tax system in next GST Council meet

Minister says he expects at least 11 states to support the stand in today's GST meet

Govt releases draft e-commerce policy, restricts data storage abroad

A business entity that collects or processes any sensitive data in India and stores it abroad, shall be required to adhere to the certain conditions, according to the policy draft

Odisha govt has stalled projects worth Rs 1.36 trillion: Dharmendra Pradhan

Pradhan said the state government's apathy in awarding land and swift clearances had slowed the tempo of growth in Odisha

CBIC sets up three working groups to facilitate exports, curb tax evasion

The groups will consult stakeholders, including export promotion councils, and submit report within two months

At Rs 3.65 lakh, Delhi's per capita income three times the national average

In real terms, the growth is estimated to be 8.61 per cent during 2018-19

Draft e-commerce policy out soon, aims to control cross-border data flow

The policy also lays strategies to address issues pertinent to the sector including consumer protection, data privacy and maintenance of a level-playing field

Odisha's Ujjwala Didis: 10,000 women energy ambassadors to promote LPG use

While overall LPG penetration in Odisha has gone up to 73% from 20% in 2014, sustainability is the cornerstone of any successfully implemented scheme

Past is passe, future is in a $10-trn economy, start-ups galore: PM Modi

Says his govt inherited an economy in complete policy paralysis, plagued by runaway inflation and rising CAD. Reforms in past four-and-half years changed the picture

Vande Bharat Express is impressive but it still has some way to go

For an eight-hour journey, it neither has the reclining seats of the Shatabdi nor a personal LCD screen option of the Tejas Express