Page 2344 - Economy & Policy News

GST Council meet: Relief for exporters, tax exemption extended by 6 months

E-way Bill will be implemented from April 1 for inter-state movement of goods: Finance Minister Arun Jaitley

GST Council defers decision on rate revision for real estate to Sunday

In its final recommendations on real estate, a GoM had favoured lowering GST rates on under-construction houses from 12% with input tax credit to 5% without input tax credit

Central Govt-run NBFCs: To merge or not to merge, that is the question

A single mega entity would provide India with the sovereign fund raising arm that has been tried through other hoary routes like the oft-tried sequestering a part of foreign exchange reserves

Incomes fall as cow-related violence scuttles beef, leather exports: Report

India is the largest exporter of beef in the world, exporting buffalo meat worth $4 billion a year. However, since 2014, exports have mostly declined

Govt, NHAI should plan road projects based on a 'corridor approach': Report

The AT Kearney report also suggested setting up of a dedicated corridor-management agency, preferably within the NHAI

NSC junked idea to calibrate NSSO's labour survey with population numbers

The issue of linking the population estimates with the size of the workforce, the unemployed, among others, in the NSSO's survey report of 2017-18 was discussed in the NSC's last meeting on December 5

Income-Tax department raids drug firm Divi's Laboratories premises

The company said the raids were conducted by the officials of Income-Tax Department under Section 132 of the Income-Tax Act

ED pegs value of seized properties of Rose Valley at over Rs 4,500 crore

The chit fund is estimated to have raised Rs 15,000 crore from investors

Amid tragedy, Aero India 2019 to take off in Bengaluru on Wednesday

All six vendors in the fray - Boeing and Lockheed Martin, MiG, Dassault, Saab and the Eurofighter GmbH - sent across their fighters to show off their aerobatics capabilities

Cabinet clears ponzi Ordinance, fresh changes in the Companies Act

The ordinance on ponzi schemes will prohibit all deposit-taking activities that are not regulated by various regulators

Cabinet nod for long-pending KUSUM, 40GW solar rooftop schemes

The long-pending KUSUM scheme (Kisan Urja Suraksha evam Utthaan Mahabhiyan) was approved by the CCEA

Decision on lottery unlikely in GST meet, real estate rates to be fixed

Some state finance ministers are of the opinion that the GST structure for lottery should not be changed in haste

Iron ore output likely to hit record 225 million tonnes in FY20

Merchant producers in Odisha accelerating production with lease lapsing by March 2020

Angel tax relief for startups: Funding cap for exemption raised to Rs 25 cr

The angel tax is levied on start-ups that have received an equity infusion in excess of the fair valuation, with the premium being paid by the investors as their income

Govt reverts to old system of awarding oil, gas blocks to boost production

The new system of awarding blocks in not so prolific areas will replace a two-year-old method of awarding them to companies offering the highest revenue share to the government

Govt approves new national electronics policy, eyes one crore jobs by 2025

Under the policy, the government aims to push manufacturing of strategic electronics required by defence and other strategic sector in the country

CCEA approves launch of KUSUM scheme with Rs 34,000-crore central aid

Performance-based incentives at Rs 0.40 per unit for five years will be be provided to discoms

Breather for startups: Govt raises investment cap for angel tax concession

No entity with a turnover of Rs 100 crore and above can be called a startup any longer.

MSP hike to boost sugar mills' margins 300-400 bps: CRISIL Report

On February 14, the government had announced a 7% increase in the minimum support price to Rs 31 per kg from Rs 29 for sugar

States should have roadmap to reduce fiscal deficit: Finance panel chief

Singh made it clear that the commission wanted all the states to strictly adhere to the fiscal parameters enunciated in the FRBM Act by 2025