Page 2393 - Economy & Policy News

Kerala to take over Thiruvananthapuram International Airport operations

The government has constituted a committee to decide on the technical-cum-financial consultant for the newly formed consortium Thiruvananthapuram International Airport

Regulation is critical, but shouldn't throttle NBFCs: Economic Affairs Secy

Subhash Chandra Garg says govt doesn't even know whom to approach in order to address NBFC issues as there are no organisations representing the sector

GST in a new avatar: How the tax could pan out after the Lok Sabha polls

While Congress promises to overhaul the tax, BJP is talking about single standard rate. Business Standard explores five possible changes GST may undergo once the new govt comes in

NCLT removes auditor for the first time under new Companies Act

The NCLT has removed the statutory auditor of Zen Shaving and allowed the Ministry of Corporate Affairs to appoint an independent director in his place

Timely data on NBFCs can avoid repeat of IL&FS-type crisis: S C Garg

Following the liquidity crisis in NBFC major IL&FS that began last August, the entire non-banking financial services sector has been passing through a crisis

Prabhu to meet banking, fin services secys over fall in credit to exporters

There has been a huge decline in bank credit to exporters off late after the Reserve Bank last March banned banks from issuing letters of undertaking to exporters following the Nirav Modi scam

Petrol, diesel prices to go up in Karnataka as state hikes taxes on fuel

The increase in the state tax, however, drew flak from the opposition BJP, whose legislator Arvind Limbavalli from the city's northeast Mahadevapura assembly segment termed it daylight robbery

What to expect on the tax front in 2019

India is on the brink of overhauling its tax system, implementing the BEPS project and seeing a further evolution of the GST despite this being an election year

Interest equalisation for merchants to benefit 40% of textile exporters

Last week, the government extended the scheme to merchant exporters, who form a major part of India's textile and apparel exports

GST relief to MSMEs, levy of calamity cess to be decided on Sunday

Currently, businesses with an annual turnover of up to Rs 20 lakh are exempt from GST

As GST non-compliance rate rises 3-fold, govt set to strike at defaulters

Fake invoices to claim input tax credit increased from only 4 cases involving Rs 9.75 crore in 2017-18 to 499 involving Rs 3894.94 crore in 2018-19

CBDT chief cautions I-T officials about direct tax collection growth rate

Says low mop-up may affect the Budget estimate of Rs 11.5 trillion for the current financial year

News digest: Tax collection, 10 yrs after Satyam, handset market, and more

From direct tax collection to rising rents in metros, BS brings you top stories to keep up with the latest news

Spread between corporate, G-Sec, bonds narrow as liquidity improves

FPIs have been complaining about restrictions on investments put on debt issuance, but the government removed those in September, as rupee was depreciating

Fuel rates to go up in Karnataka as govt looks to shore up state revenue

The revised rates for petrol and diesel are Rs 70.84 per litre and Rs 64.66 per litre, respectively

Drought hits rabi acreage of pulses, coarse cereals; sowing falls by 3.41%

With rabi sowing almost 90 per cent complete and nearing its end in most parts, there is little chance of any sharp recovery in acreage

Railways to fill 13,487 posts of engineers, depot superintendents

The scale of the posts is Rs 35,400-Rs 1,12,400 (Level 6) as per 7th Central Pay Commission

Catering on trains: 'No tips please; if no bill, your meal is free'

Goyal also issued directions that a single helpline number for all non-security complaints be developed for the convenience of passengers by the end of January 2019

Ahmedabad CGST officials bust fake GST invoice racket worth Rs 175 crore

CGST Ahmedabad-South Commissionerate officials also arrested a 38-year-old city-based businessman for issuing bogus invoices worth Rs 175 crore for availing ITC worth Rs 32 crore fraudulently

Tamil Nadu eyes major investments in state's auto, auto components industry

Tamil Nadu claims that Chennai is the largest contributor to the automobile sector in the country in terms of industrial output