Page 2359 - Economy & Policy News

With a big reform such as GST, you need to be flexible: Revenue Secretary

So we had to revise estimate downward, to show a realistic picture, said Revenue Secretary Ajay Bhushan Pandey

Govt to form working group to resolve angel tax issue of startups

The meeting comes against the backdrop of various startups raising concerns on notices sent to them under Section 56(2) (viib) of I-T Act to pay taxes on angel funds

Odisha electrifies 2.2 million more households, achieves 'Power for All'

The Governor waxed on the achievements of the state government, notably in the farm sector

Demonetisation, GST impacted jobs more than NSSO's headline numbers suggest

The unemployment rate, measured in terms of the usual status approach, stood at a 45-year high of 6.1 per cent in the July 2017-June 2018 period

FY20 direct tax collection growth target of 15% realistic: Revenue secy

Interim Budget 2019 has estimated to collect Rs 13.80 trn from direct taxes, compared to Rs 12 trn in the current fiscal

Fiscal deficit hits 112.4% of FY19 target at Rs 7.01 trn in Apr-Dec

Govt has revised upward its fiscal deficit target to 3.4% of GDP in the current fiscal year from the previously estimated 3.3%

UP Budget on February 7; major leg up to agri, infra sectors likely

In election year, Budget size likely to breach Rs 4.75 trillion mark

Women can now work in underground and opencast mines, says Labour Ministry

Earlier, employment of women in underground, opencast mines were restricted under Mines Act, 1952

Govt to start selling non-core assets of state-owned firms from April

The DIPAM has already identified 9 CPSEs for sale of land and other assets before they are put on the block for strategic sale

FY20 fiscal deficit to overshoot target, slip to 3.6%: Fitch Solutions

It said that 2019-20 Budget appears to show a strong populist bent in the run-up to the general elections due by May 2019

FDI declines 11% to $22.66 billion during April-Sept; may impact rupee

Singapore was the largest source of FDI during April-September 2018-19, followed by Mauritius, Netherlands, Japan, US, and UK

Interim Budget 2019: Using technology to increase tax base and reduce rates

With electronic filings and tax administrations in India, there has been a fundamental shift from quantity to quality

Why scrapping no-detention policy isn't enough to improve learning outcomes

The parliament passed an amendment to the RTE Act on January 2, 2019, empowering states to choose to detain students in grades V and VIII

Kerala government to start registration for its ambitious NRI chit scheme

It will enable online banking facilities along with a specially designed mobile app so that anybody from anywhere in the world can take part in the scheme

Public sector investments likely to witness muted growth next fiscal

The capital spending by the Centre is budgeted to grow at a much slower pace next year

Govt's zero interface in tax scrutiny good, but may increase litigation

This new proposal is the extension of the existing e-proceeding which do not have the option of manual tax filing

Finance Minister Piyush Goyal to speak at RBI board's meeting on Feb 9

The government expects Rs 28,000 crore from the RBI as interim dividend for the current fiscal based on the financial position of the first half of the central bank.

Bihar rail accident kills 6, days after FM boasts Railways safety record

Interestingly, 64 per cent of the total 44 accidents occurred till November this year was due to the failure of railway staff

Explained: Why there is a need to regulate crypto-assets in India

There is a misunderstanding that crypto-assets like Bitcoins are illegal in India

In 2 yrs, taxpayer won't have to face taxman for assessments: CBDT Chairman

Recent government sanction to create advanced Centralised Processing Centre 2.0 in the I-T Department is a precursor to these futuristic proposals