Page 2539 - Economy & Policy News

Manufacturing PMI falls to 3-month low of 51.7 in August from 52.3 in July

Oil prices, tight monetary policy, capital outflows from EMs to blame: Experts

SBI launches new term loan for repair, renovation of homes in Kerala

The bank will provide loans up to Rs 1 million at a reduced interest rat of 8.45 per cent per annum

Additional cess for flood-hit Kerala may get diluted at GST meeting

Kerala Finance Minister Thomas Isaac has proposed a 10 per cent cess on SGST for two years to raise Rs 10 billion annually

RBI wants states to invest in sinking and guarantee funds mandatorily

Central bank considering the idea of surplus states lending to those in deficit

Crisil SME tracker: Flood-hit Kerala MSEs stare at working capital hiccups

As per the National Sample Survey, 2016, Kerala had 2.379 million MSEs, employing 4.464 million people

Chhattisgarh aims to double GDSP by 2025, provide housing for all

State to draft Vision Document 2025 after Atal Bihari Vajpayee; also seeks to achieve 100% literacy and enter list of top-5 territories based on per capita income

Rajan's NPA drive hampered GDP growth, not demonetisation: NITI Aayog VC

He said Raghuram Rajan instituted a new mechanism to identify stressed NPAs. This increased NPAs from Rs 4 trn to Rs 10.5 trn

Rly officers trying to dodge transfer to lose out on promotions for a year

The board in an August 29 order has said the decision was taken to "curb the rising tendency among officers" of not complying their transfer or promotion orders

About 1,800 businesses apply for migration from VAT to GST regime

Currently, over 11.5 million businesses are registered under the GST regime, of which 6.37 million have migrated from the erstwhile service tax and VAT regime, and over 5.1 million are new registrants

As growth for Q1 races past estimates, experts question if it will sustain

Experts are of the opinion that the two sectors - manufacturing and agriculture - that aided GDP growth in Q1FY19 might slow in quarters ahead

Tepid use of funds accruing to NMET slows down mineral exploration

Though Rs 10.48 billion has been collected under NMET as on July end, fund utilisation remains slow, with only 62 projects having been sanctioned

Direct tax collections grow at 6.6% and corporation tax barely 1%

Officials said the tax department refunds Rs 750 bn in the first four months of the current financial year, half of what was refunded in the entire FY18

Centre releases Rs 4 bn to develop villages along international borders

Border Area Development Programme covers 111 border districts in 17 states to meet special development needs of border population with focus on people living within 50km of the International Border

I-T dept plans to tap ITR data to track black money, nab tax evaders

Taxmen have been tracking those who made large deposits in banks during the demonetisation period, those whose names appeared in the Panama Papers and in other similar leaks

Nation wanted big economic reforms, govt could've done more: EAC-PM member

Replying to a question on the ongoing global tariff wars, the member said that it's a great opportunity for India

States still have 318 active MPLADS accounts of previous Lok Sabha: Mospi

The maximum number of active accounts are 39 with Maharashtra followed by Madhya Pradesh, Karnataka and Uttar Pradesh at 27 each

Even as India prepares to add 100 smart cities, one tells a cautionary tale

Amaravati, India's first greenfield capital in decades, has been hailed as a model planned city

Govt spent Rs 1.32 bn on GST advertisements; print media got biggest share

Ahead of its rollout, the Centre had gone for a media blitz to create awareness about the new tax regime

Biggest bond inflow in 7 months fails to rescue rupee; headwinds to persist

A rout in emerging-market currencies, elevated oil prices and fears of fiscal slippage before a general election next year have combined to make the rupee Asia's worst performer in 2018

DG-level talks between India, Bangladesh border forces begin today

The coordination meeting will culminate on September 7 with concluding session and signing of Joint Record of Discussions between the DG BSF and DG BGB