Page 2356 - Economy & Policy News

Cabinet approves amendments to bill to check unregulated deposit schemes

The bill provides for severe punishment and heavy pecuniary fines to act as deterrent

Govt defers tax on mobile touch panel imports on industry demand: Report

The tariff is now likely to be levied from April 2020 if the Indian finance ministry accepts the Ministry of Electronics and Information Technology's (MEITY) proposal on the matter

New broadcast tariff regime may cut cable TV, DTH bill, not raise it: Trai

Statement comes after a Crisil report said that the new norms would result in higher bills for cable TV and DTH subscribers

Gadkari commits Rs 1-trillion investments for Paradip Port's expansion

Minister says 50,000 jobs will be created, assures Rs 2.5 trillion will be invested in Odisha by ministries held by him

JSW, other steel firms meet govt to seek rise in import duty: Report

Steel firms are putting pressure on the government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India

Assam Budget 2019-20: Rice at Re 1/kg for poor, one tola gold to brides

Finance Minister Himanta Biswa Sarma also announced waiver of hotel fees for students and some social security schemes to cover the young widows

Aadhaar-PAN linking mandatory for filing income tax return, says SC

The court's direction came on an appeal filed by the Centre against a Delhi HC order allowing two persons to file Income Tax returns for 2018-19 without linking their Aadhaar and PAN numbers

Primary deficit: Silver lining in govt's efforts to contain fiscal deficit

The parameter, which excludes interest payments on govt borrowings, has declined to 0.2% of GDP in the revised estimate, from 0.3% in budget estimate; govt aims to eliminate it in 2020-21 and 2021-22

To meet debt target by 2025, efforts required to reduce fiscal deficit: IMF

The New York Times in a news report after the presentation of the interim budget said that it was packed with handouts

India's interim budgets: A woeful tale of inconsistency the past 20 years

While development priorities have taken the back seat, govts' own housekeeping, such as police and pensions, has held on to the purse; even higher defence spending has been on wages and pension bills

Unemployment rate at four-decade high of 6.1% in 2017-18: NSSO survey

The survey, withheld by the govt, shows a big surge in joblessness among youth

More than half of India's working-age population out of labour force: NSSO

In 2017-18, the youth unemployment rate was in the range 13.6-27.2 per cent, according to the NSSO

673,000 unsold homes hold the key to India's next shadow-banking crisis

Lenders suddenly find themselves uncomfortably exposed to India's struggling property developers

Centre seeks around Rs 69,000 crore in dividend from RBI in FY20

Any interim dividend that the RBI pays now will be part of its July 2018-June 2019 financial year

NITI V-C Rajiv Kumar calls on RBI to cut interest rates to fire up economy

'If you say there are job losses where is this growth coming from,' Kumar said in response to criticism about lack of generation of employment

DoT to seek Trai view on allocating spectrum to Railways without auction

The 700 MHz band is earmarked for mobile services and allocating it to Indian Railways for non-commercial use may adversely impact levies

400,000 bid for fuel pumps; investment of Rs 90,000 crore expected

Singh added the winners of the current round of bidding will be finalised by March 3

Updating land records: Centre to use states' data for PM-Kisan scheme

In four states, mostly in the Northeast, the process has not started

Developed states are showing lowest growth in GST revenue collection

SGST revenue grew by 24% for all states put together in 2018-19 year on year

NTPC may cut power to 3 southern states over non-payment; UP next in list

Telangana, Karnataka, Andhra Pradesh may face power cut from 9 February