Page 2627 - Economy & Policy News

Monsoon covers whole country 17 days in advance, boost to kharif sowing

Pick-up in rains should aid kharif sowing, which till June 29 was 22% lower than last year due to break in showers in most of central, northern and eastern India

GSTN portal to be shut on July 1 for disaster recovery drill

In a mail to taxpayers, the authorities have said it is planning a disaster recovery drill and so services will not be available for 12 hours, between 9am and 9pm, on July 1

India's external debt rises $58.4 bn to $529.7 bn on commercial borrowings

Share of commercial borrowings continued to be the largest component of external debt with a share of 38.2%

No more bad loans, steel sector crisis is over: Minister Birender Singh

Is satisfied with resolution process under IBC, says govt plans to revive Visvesvaraya Iron & Steel, take on business development for KIOCL

Centre to announce kharif MSP next week, new sugarcane FRP soon

Modi assures cane farmers dues will be cleared

India to get all data on Swiss deposits, guilty will face action: FM Goyal

The data showed that after falling for three years in succession, money parked by Indians in Swiss banks rose 50 per cent to Swiss Franc 1.02 billion in 2017 over the previous year

Indians with illegal Swiss bank deposits to face harsh penalty: Jaitley

Jaitley says Alpine nation has amended its domestic laws involving all disclosures and entered into a treaty even with India

Monsoon eases power demand in UP by 20%, total offtake dips to 17,000 Mw

Current power availability in the state is 18,000 Mw from all sources, including state power generating units and 7,000 Mw imported from central sector

GST to boost revenue and raise tax-to-GDP ratio in 3-4 years: Experts

The indirect tax regime will lead to improved revenue realisations and compliance going forward

Paswan calls for doorstep delivery of grains to stop starvation deaths

Urges states to closely watch prices of perishables following reports of hunger-related casualties in Jharkhand and some other states

GST taxpayer base jumps to 11.2 mn; GSTN plans to enhance user experience

The GSTN is now turning its attention towards improving user interface

April-May fiscal deficit reaches 55.3% of budgeted target of FY19

India expects to trim the deficit to 3.3% of GDP in this financial year

'With 28% GST on petrol and diesel, states too may levy additional taxes'

For petrol and diesel, the total incidence of present taxation is already beyond the peak rate

Over 4.2 mn senior citizens gave up railway subsidy in 9 months: PM Modi

Our government has taken healthcare services beyond the boundaries of the health ministry, said PM Modi

Sugarcane arrears to farmers down by Rs 30 bn on govt's initiatives: Paswan

This move will help boost production of ethanol, used in blending with petrol, and also enable mills to divert some of the sugarcane juice

Climate change could cost India 2.8% of GDP by 2050, says World Bank

If no measures are taken, average temperatures in India are predicted to increase by 1.5-3 degrees

Centre readies policy changes in solar bids, likely to award 10-15 GW

The move comes just within a month of SoftBank CEO Masayoshi Son meeting officials from the PM's Office

Non-priority sector loans worsen NPA headache for public sector banks

These bad debts constitute 23% of advances of 10 PSBs at the end of FY18

GST impact: Companies grapple with absence of anti-profiteering norms

The National Anti-profiteering Authority is interacting with fast-moving consumer good and pharma companies to understand if GST benefits are passed on to consumers

Govt readies to reduce oil imports from Iran to zero

During the previous round of sanctions, India was one of the few countries that continued to buy Iranian oil