Page 2722 - Economy & Policy News

Aadhaar must for tatkal passport, no linking deadline: Top 10 developments

The Aadhaar linking deadline has been extended till the apex court delivers its judgment on a batch of petitions challenging the constitutional validity of the biometric identification scheme

PNB scam fallout: Exporters say banning LoUs no solution to banking mess

The trade credit instrument banned by RBI is used heavily by exporters who import goods which go into the making of export products

CBDT to conduct nationwide review of tax collection for FY18 today

In December, the CBDT had revised the target for direct tax collection to Rs 10 trillion, which includes personal income tax and corporate tax, up from the budgeted Rs 9.8 trillion

SC extends deadline for linking Aadhaar to phones, bank accounts

No relief for those availing government subsidies, benefits

Arvind Subramanian in contention to be next chief economist of World Bank

Arvind Subramanian was appointed CEA in October 2014 and got a year's extension in September 2017

Srei Infrastructure discontinues white label ATMs

Srei wants to surrender the certificate of authorisation received from the Reserve Bank of India

What advance tax PNB will pay on March 15? Concern for I-T dept

I-T officials have questioned PNB Manging Director and Chief Executive Sunil Mehta and other officials to determine how the LoUs were recorded in the bank's books

Defence budget not sufficient to cater committed payment: Army vice chief

The marginal increase in Budget Estimates barely accounts for inflation and does not even cater for the taxes, says army's vice chief, Lieutenant General Sarath Chand

Metro railway companies look at financial viability to reduce govt funding

DMRCL has signed an agreement with Madhya Pradesh to procure 150 MW of solar power which will fuel its auxiliary power requirements in some of the stations

Trade war: Action plan to analyse impact of US metal tariffs by weekend

US President Donald Trump last week signed an order imposing a 25% tariff on steel and a 10% tariff on aluminium imported into the country from all nations except Canada, Mexico and Australia

Railways faces CAG heat on passenger fare, deteriorating operating ratio

Even without this, the Operating Ratio during 2016-17 had deteriorated to an all-time low since 2000-01, when it was 98.34%

L&T bags Rs 10.47-bn worth order from NHAI to build Dwarka e-way project

The completion period of the project is two years with maintenance period of four years

South states show better net connectivity & higher download speeds: Report

Chennai (download speed 32.67 Mbps) and Bengaluru (31.09 Mbps) scored much higher than Delhi (23.57 Mbps) and Kolkata (20.39 Mbps)

To revive economy, Kerala govt to initiate Rs 500-bn worth infra work soon

FM Isaac said the setback the state had due to GST was expected to be over in the coming days

Income Tax department attaches benami properties worth Rs 39 billion

Show cause notices for provisional attachment of benami properties were issued in over 1,500 cases

No Nirav Modi firm in the list of 226,000 deregistered firms: Government

As part of larger efforts to curb the black money menace, the corporate affairs ministry has deregistered little over 2.26 lakh companies

Odisha Mining Corporation gears up to hold bauxite e-auctions in April

OMC is yet to take a call on the quantum of bauxite to be offered at auctions

9,000 cases under consideration of NCLT, including 2,500 insolvency cases

The Company Law Board was dissolved following the setting up of the NCLT under the Companies Act, 2013

States issued Rs 283.98 bn as GST compensation till Dec: Arun Jaitley

As per the Budget estimates, over Rs 9.26 trillion was to be collected from indirect taxes

Indian Oil, ONGC, Coal best performers in FY17; BSNL, Air India, MTNL worst

BSNL, Air India and MTNL incurred 55.66 per cent of the total losses suffered by the top ten loss-making CPSEs in 2016-17.