Page 2427 - Economy & Policy News

Number of income tax payers can double to 120 million: Arun Jaitley

India's normal rate of growth is 7.5-8 per cent and the country will continue to grow at this rate, despite some deviation in one or two quarters, Jaitley said

Opec, allies agree on larger-than-expected cut after marathon talks

Crude surged as much as 5.4% in London, raising the risk that the deal could anger US President Trump, who had urged the group to keep the taps open and prices low

With over 10,000 cases, manpower shortage, NCLT struggles with workload

While the sanctioned strength is 62 members, NCLTs across the country have only 28 members to hear all cases

In a first, online travel agencies to be accreditated, classified by govt

The official said such a scheme for accreditation was necessary as letting the market operate unhindered

Over 460,000 benefited under PMJAY so far: Ayushman Bharat Mission CEO

The Ayushman Bharat Mission CEO said PMJAY will prove to be a giant leap towards universal healthcare

Govt sells 2.21% stake for Rs 32 bn to ETF; complies to Sebi norms

The government undertook three back-to-back tranches of stake sale

Academic Krishnamurthy Subramanian is India's new chief economic adviser

New Chief Economic Adviser Krishnamurthy Subramanian teaches at Indian School of Business (ISB) in Hyderabad and has a PhD from Chicago-Booth

Fadnavis will have to defy Shah to grant Maratha reservation: Sharad Pawar

The Maharashtra legislature on November 29 unanimously passed a bill providing 16 per cent quota in jobs and education to the Marathas

Worst is over; will increase each district's GDP: Prabhu on India's growth

Prabhu said the aim is to increase the GDP of each district in the country, which will cumulatively contribute for the GDP growth of the nation

Need to raise borrowing limit, welcome Rs 30-bn flood assistance: Kerala

According to UN's Post Disaster Needs Assessment report, the state would require around Rs 310 bn for recovery and reconstruction

AAR on back-office services has led to panic in IT, ITes industry: Nasscom

The ruling can result in substantial tax demand against all the big IT and ITes players

Exporters target 10% of $400 mn Chinese fish oil and meal markets by 2019

China imports fish oil to the tune of $143.29 million and fish meal to the tune of $263.43 million annually primarily from Peru and Chile

Prabhu asks global funds to invest in Indian startups to get 'huge return'

Prabhu said huge investment potential exists in India as the country's economy is going to reach $10 trillion by 2035

Failure to adopt land leasing act is hurting govts in Raj, MP and Telangana

Madhya Pradesh is one of the few states having legalised tenancy or land leases on the lines of the 'model land leasing law'

GSK's health food drink Boost may get a brand refresh under new owner HUL

The health food drink may get a brand refresh under new owner HUL, as it readies to take on rivals such as Mondelez and Nestle in the category

Cabinet okays Power Finance Corp's takeover of Rural Electrification Corp

The Centre's stake in PFC is valued at nearly Rs 160 billion, while its stake in REC is valued at Rs 120 billion

Exporters still waiting to receive Rs 60-bn input tax credit refunds: FIEO

Unpaid input tax credit constitutes the majority of refunds under the IGST part of the new tax regime

PSU sales power up Centre's divestment kitty, yet public ownership retained

Jaitley said such sales were in line with his announcement regarding consolidation of public sector units in the February 2017 budget

Multiplex and theatre owners in Uttar Pradesh get relief under GST regime

The owners had moved the Allahabad High Court, and its Lucknow bench, over the issue of including entertainment tax into GST

Centre eyes $60 billion in agriculture exports by 2022 with new policy

Aiming to push India into the list of the top 10 agri export nations, the policy has been backed by the Prime Minister's Office