Page 2571 - Economy & Policy News

Revenue dept defers GST, GAAR details reporting for auditors till Mar 2019

The CBDT had received several representations from auditors that the implementation of reporting requirements

Defence Ministry to start portal to raise indigenisation from 45% to 75%

Ministry hints at Rs 400 bn opportunity for domestic industry, has notified 77 items under public procurement order the past few weeks, will add another 30 in near future

Odisha's hotels eye tie-ups with luxury brands to attract foreign tourists

A three-fold increase in the number of hotel rooms in the state by 2025 will require a capital expenditure of Rs 14.5 bn

Income tax collection at record Rs 10.03 trn during 2017-18: CBDT

The I-T Department added 10.6 mn new return filers during 2017-18 and aims to add 12.5 mn new filers for the current year

Now, Odisha adds agriculture, allied sectors to skilling initiatives

With a commitment to imparting skill training to the youth, the state government has formed the Odisha Skill Development Authority

Govt wants non-mineral exploration doubled, greater private sector role

The government is trying to bring every level of private participant in the exploration sector all over the world to come and work in India

PIL filed in SC against DVC-NVVN 300-Mw power supply to Bangladesh

PIL alleges that domestic coal as well as the country's hydel resources cannot be used to generate power for exports

Railways getting ready for a freight corridor from Kharagpur to Vijaywada

The Railways is likely to incorporate the project in its wish list to the finance ministry for the upcoming Budget

NHAI borrowings jump a little over 18 times to Rs 620 billion since 2014

The NHAI recently finalised a loan for Rs 250 billion with State Bank of India as part of its fund raising for the current financial year

Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs

Department of Financial Services Secretary Rajiv Kumar expressed confidence that PSBs will come out of the PCA this fiscal year

Japan, South Korea steel exports to India surge on tariffs, high-end demand

The flood of imports is so big that the government in New Delhi is considering measures to control imports

Himalaya searches highlight issue of classifying products under GST regime

Experts said in many such cases, allegations have been found to be frivolous by higher courts

In a new avatar: The updated UPI 2.0 to make digital payments safer

The updated version unveiled has been in the works for more than six months and has features like letting the merchants attach bills along with their payment requests

MPC minutes of RBI: Inflation fears, driven by oil prices, led to rate hike

The MPC members raised concerns about the risk to the inflation target due to the impact from MSP rise for crops, elevated crude prices and other factors

GDP likely to grow at a healthy 7.5% in first quarter, say economists

Slightly lower than the seven-quarter high of 7.7% logged in the fourth quarter of 2017-18

Blessing in disguise for shrimp exporters as rupee slumps against US dollar

The rupee hit a fresh record low of 70.32 against the US dollar in early trade on Thursday.

UP real estate authority forms Greater Noida bench to hear disputes

Projects totaling over 250,000 housing units stuck in UP, particularly in the NCR

Here's how the rupee slump can complicate matters for Modi government

The 9.3% fall in the rupee this year has already led to a surge in local prices of goods with an imported component

India's tobacco exports surges 7% to Rs 14.47 bn in Apr-Jun quarter

Much of the exports were in unmanufactured form especially flue-cured virginia tobacco -- a variety used in cigarettes

India's oil import bill 'likely to jump by $26 bn' due to record rupee fall

India, which imports over 80% of its oil needs, spent $87.7 billion on importing 220.43 million tonne of crude oil in 2017-18. For 2018-19, the imports are pegged at almost 227 MT