Page 2635 - Economy & Policy News

Ahead of 2+2 meet, Trump accuses India of levying 100% tariff on US imports

India and the US will hold their first 2+2 dialogue on July 6

With termination of export subsidies, is India overstaying its US welcome?

The US over last eight years made two allegations, one of them being India cannot provide export subsidies because it is no longer a low-income developing country.

Employee contracts: Technology companies get notices for GST payment

The grey area over taxability in such cases continue in the GST regime as in the service tax regime

Govt notices to firms for 'wrongly' claiming transitional credit under GST

BR Agro, Star Ind, Ritz Polymers, Gravita Metals, Chenab Textiles and Bharat Udyog have received notices

GST still work in progress

With all the untiring efforts of officials in the finance ministry and GST Network, the complaints are reducing; however, it is too early to say the new tax regime has stabilised

Chinese firms warn India safeguard duty will derail its 100 Gw target

Importers ask SEZ units in India to be kept out of safeguards duty case

Centre eases oil exploration norms, allows access outside contract areas

The government also empowered the DGH by allowing it to approve the cases of excess cost recovery up to 20%

NBFCs' financial profile improved in FY18: RBI's financial stability report

NBFCs have to maintain a minimum in tiers-I and II capital of not less than 15 per cent of aggregate risk-weighted assets

PSU banks more prone to frauds, says RBI's financial stability report

More than 85 per cent of the frauds happened with public sector banks, which significantly exceeded their relative business share in credit of around 65 per cent

AIIB meet: PM Modi asks leaders of corporate India to create more jobs

Industry's contribution to economic growth and development was also discussed. Modi urged the corporate sector to invest in a big way, especially in the agriculture sector

Sugar industry knocks on Prime Minister's Office door for a sweetener

It is seeking steps so that mills can clear dues to the tune of Rs 225 billion to farmers

Govt looking to set up two steel plants to process scrapped steel

The union government is planning to set up one such unit each in the north and south India

Institutional investors should step in to aid infra financing: Expert

Risk perception, govt regulations key challenges, say panelists

AIIB meet: Indian cities need $45 billion to meet development goals

In 2015, the government of India announced its plan to build 100 smart cities and rejuvenate another 500 cities

AIIB meet: Fiscal situation in India is firmly under control, says PM Modi

Government aims to reach the fiscal deficit target of 3.3 per cent of GDP in BE 2018-19

Farm debt waiver hits bank credit offtake, fans informal loan channels

As bank credit falls, it makes way for informal credit through channels such as shopkeepers and large landowners

15th Finance Commission may propose performance-based incentives for states

No changes in terms of reference in spite of opposition by states

GST impact: E-way bills not reducing transporters' cost and travel time

Truckers find ways to game the system as bribes, detours increase transporters' cost and travel time

GST mop-up will touch Rs 1 trillion a month in FY19, says Hasmukh Adhia

Refunds have improved substantially now, 90 per cent of claims have already been approved or rejected

Bihar Cabinet okays transfer of Digha-Patna railway land to road dept

State cabinet also gave nod to construction of Danapur-Khagaul road at an estimated cost of Rs 578.7 million