Page 2497 - Economy & Policy News

As RBI move opens new doors for fintech players, M-wallets face tough fight

The prohibitive costs of user verification, at times about Rs 700 per customer, are set to affect smaller players

DoT consults telcos to chart post-Aadhaar road to verify customers

Source said a few meetings between DoT officials and telecom operators have already taken place but no final decision has been arrived at

Relax! Mobile numbers issued through Aadhaar KYC won't be disconnected

Re-verification of mobile subscribers KYC details is voluntary, said DoT and UIDAI in a joint statement

Wholesale onion prices surge to 8-month high of Rs 21.5 per kg at Lasalgaon

Drought in Maharashtra might reduce state's output by half

Housing prices up 5.3% during April-June quarter in 10 major cities: RBI

The average rates appreciated by 2.5 per cent in 10 major cities when compared to the previous quarter

UK campaign for British Indian WWII spy to be face of new 50-pound note

The Bank of England had recently announced plans for a new polymer version of the large denomination note to go into print from 2020

Clarion call to bring back build-operate-transfer model for infra projects

In the absence of BOT, the government will have to do heavy lifting in terms of spending and private sector participation to that extent will get diminished

Exporters move Gujarat, Delhi High Courts over control on IGST refunds

An amendment was carried out in CGST Act in January to insert the sub-section 10 in Rule 96 to disallow exporters from taking refund of IGST paid on exports with retrospective effect of October, 2017

I-T tribunal sends back Microsoft transfer pricing case to tax officer

The assessing officer had made an addition of over Rs 2 billion in the taxable income of Microsoft India, said Gopal Bohra

Govt working on new WTO-compliant export incentive scheme to replace MEIS

The formulation of the new export incentive scheme assumes significance as the US has dragged India to the WTO's dispute settlement mechanism over export subsidies

Composition scheme biz need not file purchase details when filing GSTR-4

"In this regard, it is to clarify that the taxpayers who have opted to pay tax under the composition levy shall not furnish the data in serial number 4A of Table 4 of Form GSTR-4,"

NITI Aayog's draft concession agreement gives e-buses a sense of direction

In the absence of clear regulations, operators were going headfirst into the world of green vehicles

Cyclone Titli: Toll in Odisha mounts to 57; govt pegs loss at Rs 22 bn

Ex-gratia for the kin of the victims hiked to Rs 1 million each

RBI denies YES Bank request to extend MD & CEO Rana Kapoor's term

The bank has hired US-based advisory firm Korn Ferry to help with the selection process

Centre looks to set-up own company to promote select rural products

Talks are on with Tata Trusts and Bill and Melinda Gates Foundation to provide professional support

In a first, India to host Global Aquaculture conference in Chennai in 2019

GOAL 2018 edition was held in Ecuador and was wrapped up in September this year

Aramco, Adnoc interested in India's Rs 110-bn strategic oil reserve project

Govt also in talks with Indian private players Reliance Industries and Nayara Energy to pick up stake in the project

Flexible working may add $376 bn annually to Indian economy by 2030: Study

China and India are projected to see the greatest gross value add increase from flexible workspaces

Rupee depreciation led to incremental trade deficit of $4 bn: SBI study

Based on an analysis of both export and import intensive industries during April-September 2018, SBI's report 'Ecowrap' concluded that rupee depreciation has not helped exports as is widely believed

CBIC issues norms for safekeeping of confiscated, seized valuable goods

The CBIC also said that the system of 'e-malkhana' should be introduced at Customs warehouse on the lines of Delhi customs