Page 2408 - Economy & Policy News

Sugar crisis: UP demands 100% hike in sale quota to 1.1 million tonnes

Yogi government writes to union food ministry for hike in sale quota, sugar floor price

OMCs blend record 1.5 billion litres ethanol with petrol in 2017-18

OMCs had entered into contracts with sugar mills to procure 1.6 billion litres of ethanol during the last ethanol year.

Kerala govt opposes Finance Ministry's plan to hike lottery rate to 28%

The rate for lottery tickets in Kerala, where the business is run by the state government, has been at 12%

In GST era , state govts control only 35% of their revenue: Report

With the implementation of GST, the autonomy of states is expected to reduce an additional 17% of the revenues

Watching a movie to hurt pocket less as GST on tickets decreased

The high taxation on cinema tickets, especially those above Rs 100 had been a matter of concern for exhibitors since the GST tax slabs were announced

Date for returns filing extended beyond 2019 Lok Sabha elections

The new return filing system would be rolled out on a trial basis on April 1, 2019, while it would be made mandatory from July 1, 2019, -on the second anniversary of GST

Gujarat tax sleuths bust Rs 750-mn GST racket, second in three months

According to the Vadodara-I CGST commissionerate, an industrialist based out of Kapadwanj was arrested for faking GST invoices in order to avail input tax credit illegally

Focus on survivorship care for cancer patients: Institute of Medicine

Although there has been progress, many recommendations from the 2006 report have not been fully implemented, researchers note in the Journal of the National Cancer Institute

Back office firms move Gujarat High Court on 'intermediary' ruling

The firms have pleaded the definition of 'intermediary' is already established under the previous service tax regime, and alteration will increase the tax burden of the outsourcing industry

Central govt working to finalise rules on online sale of medicines

The existing regulations have no provision for selling medicine through the online route

Import of natural gas on the rise, up 13% in April -October period

Regasified LNG catered to 47 per cent of the country's consumption during this period

RBI Governor Shaktikanta Das was involved in 'corruption', alleges Swamy

He did not give any details about the "corruption", an allegation he has made in the past as well

GST Council cuts rates on 23 items, rationalises 28% slab: Key takeaways

Services supplied by banks to basic savings accounts, PMJDY exempt from GST

Govt to meet fiscal deficit target of 3.3% despite GST rate cut: Jaitley

As per the latest data, the fiscal deficit in the April-October period stood at 103.9% of Budget estimates

Modi government, ICAI to team up for training accountants on GST

The move of the government is tipped to help 12 million GST assesses in filing their returns in a hassle free manner

Odisha banks on unique campaign to burnish investor image

The second edition of Make in Odisha drew investments of the order of Rs 4.19 trillion, more than double the figure of Rs 2.03 trillion the state pocketed at the maiden edition in 2016

Thankful to government for reducing GST on film tickets: Producers Guild

The reduction of GST on film tickets, exceeding Rs 100 is reduced to 18% from 28% and up to Rs 100 to 12% from 18%

Railways faces Rs 78.4-bn shortfall in earnings; operating ratio above 112%

The ordinary working expenditure of the national transporter was Rs 1.03 trillion as against the budget projection of Rs 984.41 billion by November-end this fiscal

NLC India retires 100 MW unit of Thermal Power Station-1 in Tamil Nadu

The 600-MW Thermal Power Station-I (TPS-I) is a vintage plant, which has been in service for more than 50 years

Chinese citizen charged with stealing trade secrets from oil company in US

An affidavit filed by the FBI alleges that Tan stole trade secrets about an unidentified product worth more than $1 billion to his employer to benefit a Chinese company