Page 2381 - Economy & Policy News

Govt to construct 44 strategic roads along the India-China border

The report stated that these 44 strategically road along the India-China border will be constructed at a cost of nearly Rs 21,000 crore

GST compliance may rise, November sees 73% taxpayers filing returns

The increasing immediate compliance is not translating into improved tax collection, and, on the contrary, revenue shortfall under the GST is aggravating

ONGC's latest tender puts cost before quality, attracts old jack-up rigs

State-owned ONGC is the largest client for most of the domestic oil drilling industry

States restart imports of coal after domestic supply fails to meet demand

Elections, rising power demand derail 'zero coal import' plan

GST exemption has brought cheers to MSMEs, but not everybody's happy

Not everyone is happy with the sops given to small businesses under the GST regime as it encourages distortions within the tax system

FinMin plans to prevent composition dealers from charging GST from buyers

The measure, once implemented, would check the widespread practice of composition dealers of charging GST from purchasers and not depositing it with the exchequer, an official said

Govt re-promulgates ordinance to amend companies law for helping businesses

To amend the Companies Act, the government had first issued the ordinance in November and the same would have ceased to be operational from January 21

Will clear Rs 46,000-cr farm loan 'completely' in budget: Kumaraswamy

The farm loan waiver scheme would be implemented in one stroke with required allocation in the budget instead of completing the process in four stages as was planned earlier

RBI warns of spike in NPAs under government's flagship MUDRA scheme

The central bank has flagged that bad loans under PMMY have risen to Rs 11,000 crore

Pak should strengthen ties with India, instead of US: Hina Rabbani

Khar said Pakistan must not pin high hopes on the US any more

Govt to construct 44 strategically important roads along India-China border

The nearly 4000-km-long Line of Actual Control between India and China touches areas from Jammu and Kashmir to Arunachal Pradesh

Spectrum allocated to Jio, MTS as per rules: Official on CAG allegations

CAG) in its report tabled in Parliament last week said microwave access (MWA) spectrum was allocated to a telecom operator in 2015 on first-come-first-served

Govt prepares national action plan on drug abuse, dumps draft policy

It also calls for persuading principals, directors, vice chancellors of educational institutions to ensure that no drugs are sold within/nearby the campus

China and India keen on joint ventures in manufacturing e-vehicles

The three-day event was organised by China EV100, a private electric vehicle association of over 200 leading Chinese electric mobility industries

Fiscal deficit of 3.3% for 2018-19 could be challenging, says experts

Some of the experts have already projected that the fiscal deficit could rise to 3.5 per cent of the GDP

Sushil Modi to head GoM on GST revenue shortfall faced by states

Among the union territories, Puducherry is facing maximum shortfall of 43%

Discoms' outstanding dues to power generators rise 24% to Rs 39,498 cr

In October 2017, the discoms' dues to power-producing companies stood at Rs 31,676 crore

Finance Ministry considers selling part of SUUTI holding in Axis Bank, ITC

While the government is waiting for L&T to launch a buyback offer to tender its shares; for holding in Axis Bank and ITC, it would consider off-market deals

Mining industry pushes for single GST to supersede multiple levies

Royalty rates on minerals are the highest among resource-rich nations and a cocktail of levies makes India top the list of nations with steep effective taxation rate on mining

Manufacturers hopeful of faster growth rate in 2019 : PwC Report

A significant 85% of business leaders also anticipate an increase in turnover from global demand in the future