Page 2357 - Economy & Policy News

RBI to conduct first half-yearly audit, approve interim dividend on Feb 18

Finance Minister Piyush Goyal will address the meeting, in accordance with convention

Cabinet mulls Rs 6,000 crore more in soft loans to sugar mills

The total expenditure on the exchequer for the second set of interest subvention could be around Rs 1,300 crore

ED seizures of alleged money launderers' assets to remain valid for 1 year

Interim Budget proposes amendment to law in a bid to allow probe agency more time

Onion prices in Maharashtra hovering at 2-year lows, farmers seek govt help

Seek MSP of Rs 8.5 a kg as they are incurring a loss of Rs 2-3 a kg on sales, if transport cost is included; very few tillers have option of switching to more remunerative crops

RBI may hold rate on ambiguous growth, moderate inflation: Expert

The expansionary implications of the FY20 Budget fiscal measures need to be better understood

Services PMI dips for second month on rising expenses, domestic slowdown

It fell to 52.2 in Jan from 53.2 in Dec, but firms continued to hire

Centre may extend approvals for lapsing mining leases

The step, if implemented, will ensure hassle-free auctions of the mines besides facilitating seamless change in ownership

Irdai permits testing of products under regulatory sandbox approach

Irdai has also said that there would be defined entry and eligibility criteria as well as exit parameters for the applicants

Realty, construction, power may spell more trouble to banks: India Ratings

However, lenders will be better equipped to provide for these loans as they are mainly medium-sized, up to Rs 2,000 crore per account

Pandemonium on Day-1 of UP Budget session, paper balls thrown at Governor

SP legislator hurts himself during ruckus by opposition benches, hospitalised

Govt expects 7.5% GDP growth in FY20, up from 7.2% in FY19: SC Garg

Finance Minister Piyush Goyal in the Budget Speech said that India is solidly back on track and marching towards growth and prosperity

Tax department sends notices to Wakf boards for not paying service tax, GST

Although the income of the Wakf boards is exempt from income tax, it is not the case with regard to GST and the erstwhile service tax levy

MSME units provided jobs to 10 crore people in past 4 years: Govt

2 lakh entrepreneurs benefited from the Prime Minister's Employment Guarantee Programme between 2014-18 taking the overall number to 20 lakh

Centre hopes to mop up Rs 4.4 trillion from cess and surcharges in FY20

While an increase in cess and surcharges consequently denies states a higher share of taxes collected by the centre, such a revenue stream helps shore up the central government's coffers

Cash transfers to farmers, SHG women in Andhra's vote-on-account budget

Despite new schemes and increased allocations to existing social sector programmes, state govt was able to project a revenue surplus for the first time since state's bifurcation

Govt expects Rs 69,000 cr in dividend from RBI in 2019-20: Report

Budget for 2019-20 estimates to get Rs 82,911 cr through dividend from banks, financial institutions and the RBI next financial year

Gujarat HC strikes down restrictive provision for export sops under GST

Order comes as big relief for exporters who were facing huge compliance issues; provision to be challenged in other courts too

Come out with effective solutions against fake news: Govt to WhatsApp

Ahir said WhatsApp has conveyed that a number of steps have been taken by it to address the issue of fake news propagated using the platform

2019 elections: First payment under PM-Kisan scheme before code of conduct?

With rural distress said to have been a major contributor for BJP's defeat in the Assembly elections in three Hindi heartland states, govt is banking on DIS of Rs 6,000 per year to change the tide

RBI to cut rates on falling inflation, declining crude oil prices: S&P

The RBI is scheduled to announce its sixth bi-monthly policy review for the fiscal on February 7