Page 2394 - Economy & Policy News

Karnataka hikes tax on petrol, diesel to 32% and 21% respectively

Earlier, petrol and diesel were taxed 28.75 per cent and 17.73 per cent, respectively

In talks with FinMin to solve angel tax problem, Prabhu assures start-ups

Several startups have raised concerns over levying taxes on angel funds under Section 56 of the Income Tax Act

Sugar production may be revised lower despite initial optimistic trend

Maharashtra may produce significantly lower quantities of the commodity this year due to drastically lower rainfall and white grub infestation

India's services PMI dips to 53.2 in December, but firms step up hiring

Factory orders continued to climb for nine months, with an upturn in orders holding close to November's 11-month high

Order issued against nine companies for not passing Rs 559 cr GST benefits

NAA has received 80 investigation reports from which final orders have been issued in 29 cases

Indirect tax mop-up at Rs 6.12 trn in Apr-Nov; FY19 target at Rs 11.16 trn

Minister of State for Finance Shiv Pratap Shukla said the actual indirect tax collection for 2018-19 would be known after the end of the financial year

Post-disaster rehabilitation tax report to be finalised on 6 January

The group of ministers will deliberate on 2 options - either to allow a state afflicted by calamity to raise the rate of SGST, or to levy a nationwide tax irrespective of where the disaster has stuck

State-level cash support to farmers may cross Rs 30,000 crore a year

Three states, Jharkhand, Odisha and West Bengal, have already announced their own version of a cash-support scheme for farmers

Govt procured 8.9 mn tonnes of oilseeds, pulses from FY16 to Dec 2018: Min

The agri minister said 89 lakh tonne of oilseeds and pulses were purchased till December 2018 as against eight lakh tonnes purchased between 2010-11 to 2013-14

Govt's fertiliser subsidy arrear touches Rs 23,284 cr till Dec 2018

Minister of State for Fertilisers Rao Inderjit Singh said the government is releasing subsidy to fertiliser companies on a regular basis subject to the availability of budget

Odisha clears nine proposals valued at Rs 1,177 crore through single window

The fresh investment proposals will together generate employment opportunities for 6,032 people

No general option for adults to exit from Aadhaar programme: Govt

But, in line with the SC judgement, necessary measures are being undertaken to formulate an exit scheme only for the children attaining majority who do not intend to avail the benefits of the scheme

Auction for 14 oil, gas blocks in 2nd exploration licensing round on 7 Jan

India, the world's third biggest oil importer, wants to unlock its vast hydrocarbon resources to cut dependence on foreign oil

Sugar production rise 7 pc during Oct-Dec 2018 to 110.5 lakh tonnes

Maharashtra and Karnataka sugar mills started their crushing earlier this year and this resulted in rise in output in the first quarter of 2018-19 marketing year

One car every 20 seconds: Tamil Nadu mantra to attract auto investments

Chennai has a total installed capacity of 1.46 mn cars, 218,000 heavy vehicles, and 4.82 mn two-wheelers, according state government data

Rs 11,000 cr benefit to people from fixing medicine prices: Union minister

To make medicines affordable, the government capped prices of 855 medicines and some medical devices, says minister

Govt working with RBI to track fraud cases of below Rs 1L: Prasad in RS

A Financial Data Protection bill has been drafted that aims to address issues related to data theft, including from social networking websites

Own tax revenue outpaces GSDP growth in 15 states: PRS Report

Average own-tax revenue of these domains expanded by 12% between 2010-11 and 2018019 (November end); Telangana and Andhra top with 25% and 21% respectively

BIS to formulate standards for service sector, retail and ecommerce

India's e-commerce projected to hit $150 billion by 2022

Govt helping farmers through TOP, other schemes during glut: Agri Minister

To another query, he said that several states like Uttar Pradesh had intervened and procured potato and other commodities when prices fell during 2015-16 and 2016-17