Page 2624 - Economy & Policy News

India 73rd country with most funds in Swiss Banks, Pak at 72, UK on top

India had slipped to 88th place with a 44 per cent plunge in such funds during 2016

Takeaway on GST Day: June collection inches up to Rs 956 billion

On average, the government estimates Rs 1 trillion per month from the GST

GST: A year of learning and attainment

Two key issues that will engage the attention of policymakers are the tax rates and the dispute settlement mechanism

Deficit in electronics sector defies govt's efforts, doubles in 5 years

For instance, phone-making units have increased to around 120 in 2018 from less than 10 in 2014, but then a majority of these are doing assembling only with imported components

A work in progress

GST has a long to-do list in its second year

Statsguru: Gross NPAs of scheduled commercial banks rise to 11.6% in FY18

In a business as usual scenario, the RBI expects bad loans to rise to 12.2 per cent by March 2019

Govt will soon come out with definition for shell companies: P P Chaudhary

The task force on shell companies was set up by the government in 2017

One year of GST: Rationalisation of slabs would be on agenda soon, says CEA

Certainly, easing of disruptions has been way faster than it was expected, said outgoing Chief Economic Advisor, Arvind Subramanian

Rahul Gandhi's idea of single rate for GST 'flawed', says Arun Jaitley

Observing that countries implementing GST had witnessed major disruption, Jaitley said he too had felt that it would cause disruption in the Indian economy

One year of GST: Compliance still a challenge for small business owners

The government is coming up with a return simplification process in the next six months which will require a taxpayer to file only one return every month against three at present

One year of GST roll-out: Export community face a long wait for refunds

Procedural delays continue to hold up refunds amid liquidity crunch

With GST turning one, collections to top Rs 13 trn in FY19: Piyush Goyal

I assure you that average monthly GST collection will cross Rs 1.10 trillion, Goyal said

GST collections rise to Rs 956 bn in June, to reach 1 trn: Hasmukh Adhia

Adhia also said if bogus bills are not issued, then revenues would improve further in the coming months.

PM nixes single rate under GST; says Mercedes, milk cannot have same tax

PM said GST was a massive change, requiring a complete reset of one of the world's largest economic systems

GST turns one: Leaving the birth pangs behind, it learns how to walk

GST was launched at midnight on July 1, 2017 having missed successive deadlines, over seven years after it was originally scheduled to be introduced

GST will have a long-term impact on country's economy, says Arun Jaitley

During the three months since April, Jaitley has kept himself busy writing blogs on issues ranging from GST to terrorism

One year of GST: Industry experts blame high prices on lack of clarity

The GST regime, which was implemented from last July 1, has also failed to bring down property prices

Govt may hike paddy MSP by Rs 200/quintal for 2018-2019 crop year: Sources

For the current year, MSP of paddy has been fixed at Rs 1,550 per quintal for common grade and Rs 1,590 per quintal for Grade A variety

343 infra projects show cost overrun of Rs 2.16 trn over delays: Report

Of the 1,304 projects, 343 reported cost overrun and 262 times escalation

Saudi king promises Trump to boost oil output to 2 mn barrels per day

Trump told King Salman bin Abdulaziz Al Saud that the oil market could need more supply when the men spoke on Friday