Page 2426 - Economy & Policy News
Indirect tax dept extends annual GST returns filing date to March 31
Archit Gupta, CEO ClearTax said,'given that filing for GSTR-9 had not begun online, an extension was required'
 "Indirect tax dept extends annual GST returns filing date to March 31")
FAO okays India's proposal to observe 2023 as International Year of Millets
This international endorsement comes against the backdrop of India celebrating 2018 as the National Year of Millets for promoting cultivation and consumption of these nutri-cereals
 "FAO okays India's proposal to observe 2023 as International Year of Millets")
Here's why UPA-era GDP growth was pulled down in the new calculation
CSO has increased the GDP deflator by nearly 90 basis points in the series, thus bringing down growth at constant prices
 "Here's why UPA-era GDP growth was pulled down in the new calculation")
Fertiliser DBT scheme has failed to pay subsidy to firms on time: Industry
The firms recollected that earlier subsidy bills were generated as soon as the stocks moved to the district retailers according to the supply plan
 "Fertiliser DBT scheme has failed to pay subsidy to firms on time: Industry")
Stranded asset risk to drag net thermal capacity addition, says study
The report notes NTPC as the only power producer regularly to be able to access capital for the new thermal power project development
 "Stranded asset risk to drag net thermal capacity addition, says study")
No GST on flats with issue of completion certificate: Finance Ministry
Builders are also required to pass on the benefits of lower tax burden to the buyers of property
 "No GST on flats with issue of completion certificate: Finance Ministry")
With Train 18, a new and exciting journey for Railways has only just begun
Packed with features such as rotating seats to match the direction of the train and sliding footsteps, Train 18 is designed to delight passengers
 "With Train 18, a new and exciting journey for Railways has only just begun")
Captive power plants in Odisha in trouble over acute shortage of coal
Total need of Odisha is 80 million tonnes, of which captive power producers need only 40 million tonnes for the consumption
 "Captive power plants in Odisha in trouble over acute shortage of coal")
Noida International Airport to be built on public-private-partnership model
The government land that comes in the ambit of the airport will be transferred free of cost to the airport
 "Noida International Airport to be built on public-private-partnership model")
After traders request, GST return filing date extended to March 31, 2019
The announcement came a day after traders urged finance minister Arun Jaitley to extend the last date for filing annual GST return to March 31, 2019
 "After traders request, GST return filing date extended to March 31, 2019")
India's forex reserves rise by over $932 million to $393.71 billion
FCAs, the largest component of the forex reserves, edged higher by $787.9 million to $368.48 billion during the week ended November 30
 "India's forex reserves rise by over $932 million to $393.71 billion")
Meet new CEA Krishnamurthy- ISB professor, note ban supporter and more
Subramanian topped his batch at the Indian Institute of Management, Calcutta, and graduated with a degree in electrical engineering from the Indian Institute of Technology, Kanpur
 "Meet new CEA Krishnamurthy- ISB professor, note ban supporter and more")
How conflicts of interests among stakeholders challenge IBC's effectiveness
The RP acts as the "eyes and ears" for the six blind men, providing them with an independent "right" perspective
 "How conflicts of interests among stakeholders challenge IBC's effectiveness")
SBI chairman says amendments required in section 29A of insolvency code
SBI chairman Rajnish Kumar added that recoveries in the 12 NCLT accounts referred by the RBI in its first list will be 50%, while for the second list of NCLT companies, the recoveries will be lesser
 "SBI chairman says amendments required in section 29A of insolvency code")
Insolvency code missing deadlines of recoveries 2 yrs after ambitious start
According to IBBI data, of the 816 ongoing CIRPs, more than 29% of the cases have breached the extended 270-day deadline within which resolutions were to be completed, and 19% have crossed 180 days
 "Insolvency code missing deadlines of recoveries 2 yrs after ambitious start")
July-Sept current account deficit at 4-year high on rising oil prices: RBI
India's trade deficit in July-September widened to $50 billion from $32.5 billion a year ago
 "July-Sept current account deficit at 4-year high on rising oil prices: RBI")
Policy on cards to let firms exit highway projects easily: Road ministry
Whether firms will be allowed to exit five or 10 years before time is being discussed, the road ministry official said
 "Policy on cards to let firms exit highway projects easily: Road ministry")
Hate railway food? Swiggy, Zomato, UberEats may soon deliver on trains
IRCTC in talks with food-delivery firms to provide service to passengers
 "Hate railway food? Swiggy, Zomato, UberEats may soon deliver on trains")
India hopes to double ethanol blending to 8% in 2018-19 sugar season
The government has provided soft loans to the first group of applications for creating ethanol capacity
 "India hopes to double ethanol blending to 8% in 2018-19 sugar season")
Govt contribution to National Pension Scheme raised to 14% of basic salary
Minimum employee contribution will, however, remain at 10 per cent
 "Govt contribution to National Pension Scheme raised to 14% of basic salary")