Page 2597 - Economy & Policy News

I-T dept crackdown on TDS defaults; e-retail portals, panchayats in focus

The Central Board of Direct Taxes has also directed the AOs to keep a check on cases in the prosecution list where TDS/TCS was not deposited after deduction

India money in Swiss banks fell 80% since 2014, says Piyush Goyal

According to Swiss authorities, more reliable data source for deposits held in Switzerland is the Locational Banking Statistics (LBS) of Bank of International Settlements, says Goyal

Thermal coal imports increase 14% in Q2, India on track for import rise

The strong purchases take India's first-half imports to 81.9 million tonnes, up 13 percent from the 72.3 million tonnes imported over the same period in 2017

Truckers' strike causes loss of Rs 70 bn worth of goods trade in Tamil Nadu

Vegetable prices at Chennai's Koyambedu market have gone up by 15-20% due to the strike

US Congress seeks strategy for measurable progress on India-US defence ties

Congress' push for designing and improving strategic defence ties with India is based on its efforts to put a curb on its two major adversaries China and Russia

With coal stock running out, Delhi may be staring at a power crisis

No coal for plants, no e-vehicle subsidy for Delhi: Satyendra Jain

Indian exports to BRICS grow 7.5% in Q1 2018 in terms of total volume

The growth for BRICS, led by India and followed by China was due to their growing exports to the world at 13 per cent and 5 per cent year-on-year respectively

Power loan provisions by PSBs likely to touch $400 bn in September quarter

Power ministry panel had listed 34 coal-fired plants as stressed assets

15% spike likely in dry fruit imports from Afghanistan on easier trade flow

Last week, major Afghan exporters signed more than $67 million worth of contracts at a trade mission.

Currency war and competitive devaluation: Same pie, many contenders

In this scenario, pundits say Asian currencies would be the worst hit

Free trade agreements find few takers despite India's high export hopes

The seven FTAs are not seen as necessary for India's expectations to double the size of her economy by 2025

BRICS may unite against Trump's protectionist trade policies on July 25

Norms on financial integration and investment facilitation may also be discussed at the 10th summit on July 25

Rising GST collections to help cut tax rates, says FM Piyush Goyal

Anti-profiteering body to ensure benefit of exemptions on sanitary napkins passed on to consumers

Gadkari kicks off work on Rs 35.8 billion road projects in Madhya Pradesh

The minister said work on the Delhi-Mumbai Expressway passing through Jaipur and the Bhopal-Indore Expressway and the Chambal Expressway will start soon.

RBI discusses management of macro-economic and financial sector risks

In his theme talk, RBI Deputy Governor Viral Acharya outlined the path to creation of a Public Credit Registry in India and also possible use of the GSTN eco-system.

GST exemption on warehoused gold a major relief to jewellery exporters

Banks will have to import gold and store it in a customs-bonded warehouse, and then supply to exporters without customs clearance; no relief for bullion refineries, however

India stares at farm produce storage crunch of 35 mn tonnes: Nabard

Storage on rental basis in private warehouses offers little; cotton output could aggravate problem further

Rs 133 billion spent on irrigation with little to show, says CAG

The CAG told the Parliament that only five out of 16 major irrigation projects were under implementation.

GST rate cut triggers rally in footwear, paint, consumer durable stocks

The recent move to cut rates, analysts say, should help boost sales, particularly in the consumer durable segment over the next few months

Gujarat govt to display status of MoUs for the first time at 2019 summit

The biennial summit has shifted from being merely an investment meet to a knowledge-sharing and trade-facilitation platform