Page 2578 - Economy & Policy News

Govt issues notices to 272 firms for non-compliance with CSR norms

Under the Companies Act, 2013, certain class of entities is required to spend at least 2 per cent of their three-year average net profit towards CSR activities

Par panel suggests new framework for stressed assets in power sector

The banks are required to ensure resolution plans within 180 days after default

DoT is turning into a legal minefield, saddled with staggering 2,800 cases

Lawyers representing govt point out that telcos, because of the large money they can save if they get a favourable judgement, prefer to fight till all legal options are exhausted

Over 200,000 'non-filers' filed ITR in FY18, paid Rs 64-bn tax: Govt

I-T department issued notices to 3,04,000 persons who had deposited cash of more than Rs 1 mn post demonetisation but had not filed their return of income till the due date

RBI likely to launch $30-35 bn NRI bond in Dec quarter to prop rupee up

The report said government bond yields are capped by market expectation of large scale RBI open market operations

Govt withdraws FRDI Bill from LS amid concerns over its 'bail-in' clause

A proposal to withdraw the bill was moved by Minister of State for Finance Pon Radhakrishnan and was approved by the House

Govt doubles import duty on 328 textile products to 20% to boost production

The government had last month doubled import duty on over 50 textile products -- including jackets, suits and carpets -- to 20 per cent

Trai integrates DND 2.0 and MyCall apps with Umang platform for Android

Umang is a single platform for all citizens to access pan India e-governance services

India to roll out 5G by 2022, increase fiber backbone to 2.5 mn kilometers

South Korea is expected to launch these services by March 2019, Japan in late 2019 and China, along with most western major cities, in 2020

Telcos unsure about 5G launch by 2020 after Trai's auction recommendation

The telecom regulator's proposals for these services appear to be at odds with the industry and the government's policy approach

Nine of 44 economic corridors to be connected via expressways soon

The nine corridors include Delhi-Vadodara, Chennai-Salem, Ambala-Kotputli, Amritsar-Jamnagar, and Raipur-Vizag

Project Sashakt: PSBs will need Rs 1.3 trn to tackle bad loans, says panel

Capital worth about Rs 500 billion will be required for PSBs to invest in alternative investment funds

Publishers seek input tax credit for authors under the GST regime

The applicability of RCMs on transactions done through unregistered entities have been deferred

Govt plans eight special courts under NCLT to deal with insolvency cases

These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad

Govt extends e-visa facility for citizens of 165 nations to promote tourism

Tourism Minister K J Alphons also said the government has launched the 'Incredible India 2.0' campaign, marking a shift from generic promotions to market-specific promotional plans

No GST refunds for foreigners as of now as there is no provision: FinMin

The IGST makes provisions for the levy and collection of taxes on inter-state supply of goods or services or both by the Central government

'Draft Data Protection Bill gives corrupt officers exits to evade scrutiny'

CIC M Sridhar Acharyulu has said the Justice Srikrishna panel's recommendations may render the RTI Act "absolutely useless in securing access to public records pertaining to public servants"

Govt may hike import duty on 300 textile products to boost manufacturing

Increase in duties would give an edge to domestic manufacturers as the imported products are relatively cheaper

SAIL monopoly broken but Railways still short of rail, floats fresh tender

SAIL had been widely criticised over short-supply of steel, compared to its yearly contracts with railways

Duty hikes to data protection, policymakers slowly going the 'swadeshi' way

However, experts argue that while trade policy has witnessed "protectionist" tendencies in recent times, the same can't be said for other policy measures such as proposed data protection