Page 2379 - Economy & Policy News

Income Tax return processing time to reduce from 63 days to just 1 day

Under the new system, Infosys will handle end-to-end solution - from e-filing to return assessment to refund processing

Govt eases norms for start-ups seeking exemptions from 'angel tax'

The application of the recognised start-up will be moved by DIPP to CBDT with necessary documents

PM Modi kicks off 9th Vibrant Gujarat summit with trade show on Jan 17

Around 115 delegations from various countries comprising 20,000 delegates and 26,380 companies have registered for the summit

The curious case of rising health, education inflation in rural areas

In rural areas, the inflation rate in health rose to 10.14% in December from in 4.7% January

Govt's e-commerce curbs could hit online sales by $46 bn by 2022: PwC

Under the changes, e-commerce firms in India will from February 1 not be able to sell products via companies in which they have an equity interest

Cabinet clears Rs 22,594-crore plan for expansion of Numaligarh refinery

The Cabinet also decided to recapitalise the Exim Bank to the tune of Rs 6,000 crore and to double the authorised capital to Rs 20,000 crore

Ujjwala scheme to get Rs 293-cr publicity push from BJP ad brain: Sources

Delhi-based US Advertising Agency to undertake Rs 293-crore campaign

SBI, other banks agree to finance Nagpur-Mumbai Samruddhi Corridor

The estimated cost of the project, being constructed by the Maharashtra State Road Development Corporation, is around Rs 50,000 crore

How to make India a $5 trn economy by 2025? Working group suggests measures

According to its report, agriculture and manufacturing sectors can contribute $1 trillion each, while the contribution from the services sector has been pegged at $3 trillion

Why India is losing out to neighbouring Bangladesh in textile exports

The govt's serial failures to negotiate free trade agreements, and the industry's dependence on duty drawbacks at the expense of innovation are causing the textile industry to lose out to Bangladesh

Delhi HC stays Rs 383-crore fine on Hindustan Unilever for GST profiteering

National Anti-profiteering Authority had imposed a fine of Rs 383 crore

RBI sets new external commercial borrowings framework, lifts sectoral curbs

The 'liberalisation/rationalisation' in the new framework ECB and rupee-denominated bonds has been done to further improve the ease of doing business

Allegations around allocation of microwave spectrum baseless, says Sinha

The minister asserted that so far the backhaul spectrum has not been auctioned, but allocated administratively

Cabinet approves MoU between India, Australia on mines safety management

The pact will help in establishing a partnership between DGMS and SIMTARS for the implementation of a risk-based safety management system

Govt okays Rs 3,600 cr for setting up 13 central universities in 11 states

While one university each is to be set up in 11 of these states, Jammu and Kashmir will get two new central varsities

Cabinet selects Infosys to implement Rs 4,241 cr next gen IT-filings system

The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds

Govt spent Rs 3,000 cr on Patel statue, Rs 2.64 cr more in advertising it

The colossal 182 metre-tall statue of Sardar Patel is situated on an island on the Narmada river near Kevadia, around 100 km south-east of Vadodara city of Gujarat

CAIT urges govt not to tweak e-commerce FDI norms on demands of big players

Government's new regulations bar online marketplaces with foreign investment to sell products of companies in which they hold stake as well as ban exclusive marketing arrangements

Govt discussing angel tax issue to shield startups, say DIPP officials

Their comment comes amid media reports that the government is considering legal provisions shielding startups from angel tax and easier exemption terms for investors

The highs, hurdles and the grey areas of one and a half years of GST

Despite the changes in its journey so far, GST hasn't yet embraced petroleum, parts of the real estate and electricity. The required consensus over the issue still eludes the Council