Page 2711 - Economy & Policy News

GST collection falls to Rs 851.74 bn in February; only 69% file returns

The collection had marginally slipped in January to Rs 863.18 billion from Rs 867.03 billion in December

Incidents of cigarettes, tobacco smuggling jump 136% in 2 yrs: FICCI

Maximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said

Independence depends on your actions: CEA Subramanian's jibe at Urjit Patel

Earlier, the RBI Governor had lashed out at the government at a public forum for not giving the central bank adequate powers to prevent scams like the one involving Nirav Modi at PNB

Here's why emerging nations like India can win big in US-China trade war

Hostilities could accelerate the flight of factories to the rest of Asia

Telecom industry revenue, license fee collection declines to FYQ3: Trai

The declining sales revenue of telecom players is expected to have an adverse impact on government revenue collection

Cautious optimism over new defence policy; govt calls for public responses

Suggestions have been invited by Thursday, after which the defence ministry intends to issue the finalised DProP 2018 within a month

Banks Board Bureau given 'free hand'; enjoy rapport with FM: Vinod Rai

The bureau started functioning from April 1, 2016 as an autonomous recommendatory body and has seven members, including the chairman

Report on direct tax reforms in 4-5 months: CEA Arvind Subramanian

The six-member task force will have Arbind Modi, CBDT Member (Legislation) as the convener

Trade deficit with India unsustainable, needs to be addressed: China

Suresh Prabhu said the trade deficit issue remained among the foremost of problems in expanding economic relations

Claim settled by ECGC can be considered for incentives under FTP

A claim settled by ECGC can be considered for eligibility of incentives under FTP and drawback but not for service tax refund

Last sparks in non-solar RECs as regulated prices stifle market

CERC cut prices to historic low in March 2017 to match prevailing tariffs; There are 1,200 projects under REC mechanism with total capacity of 5,383 Mw

Unlisted PSUs buy back Rs 26 bn stocks to help meet disinvestment goal

Govt control of these eight unlisted firms remained at 100% even after buyback; five of them are up for IPOs

IMF may revise India's fiscal deficit upwards by 0.3% of GDP in WEO report

The Union government has maintained that the bank recapitalisation will be cash-neutral on its finances

Small savings interest rates may not go up in Apr-June: Finance Ministry

Since 2016, the government has linked the small savings deposit rate with the benchmark Government Securities (G-Sec) rate

Warehousing sector to see investment of Rs 430 bn by 2020: JLL India

The consultant attributed the implementation of GST and the rapid growth of e-commerce as two important factors

IRFC's Rs 50-bn bond issuance to LIC gets govt guarantee: FinMin

The move will further ease the flow of borrowed funds for the railways ministry to undertake projects

SC asks Centre to consider BS-VI fuel in 13 metros from April 2019

On February 21, the Centre had informed the apex court that it will introduce Euro-VI fuel in Delhi by April 1

RBI to keep policy rates on hold, maintain neutral stance: Morgan Stanley

The central bank's next monetary policy review is scheduled for April 5. It had kept the policy rate unchanged in its February meeting on fears of inflation

Govt threatens to ground airlines who appoint directors sans security nod

Prior security clearance is also required in case a foreigner is appointed as CEO, CFO or COO at an airline

Govt plans to borrow Rs 2.88 trn in H1FY19; to issue inflation indexed bond

In the next fiscal the G-Sec buyback would be reduced by Rs 250 billion