Page 2745 - Economy & Policy News

NITI Aayog preparing new list of sick PSUs for disinvestment: Amitabh Kant

The government expects to raise Rs 800 billlion from PSU disinvestment in the next fiscal, lesser than Rs 1 trillion raised this year

ONGC, OIL may get to choose partners by auctioning in select blocks

However, ONGC's resistance to the inclusion of Bassein, India's largest gas field, remains a hurdle

Insurers ask govt to rework math for National Health Protection Scheme

Thirty non-life insurance companies have argued that their viability will be under question unless states agree to a far higher premium than the proposed Rs 1,000 per family

UP Investors Summit: Adani, Birla, Ambani lead Rs 4 trn investment promises

1,045 MOUs signed in all, for commitments equalling state's annual budget; Adani tops with promise of Rs 350 bn in 5 years

Panel may pitch for lower corporate tax following US tax cuts

India's corporation tax rate stands at 30% against 21% proposed in the US tax bill

Budget proposal to cut women's PF contribution to 8% faces opposition

While trade unions argued that the move will hit the social security savings of workers, employers said it would not incentivise them to hire more women employees

Ministerial panel to discuss return simplification ahead of GST meet

The GoM under Sushil Modi will look at finalising the simplified return filing system on February 24

5.5 million GST returns filed in January

The last date for filing initial GSTR-3B returns for a month is the 20th of the subsequent month

PNB fraud: Centre opposes plea seeking independent probe in Nirav Modi case

The plea has sought a direction to the finance ministry to frame guidelines on the grant and disbursal of loans involving big amounts

BS Analysis: States may not stick to fiscal consolidation road map

The six Budgets analysed are of Chhattisgarh, Kerala, West Bengal, Jammu & Kashmir, Rajasthan and Uttar Pradesh

Cloud over e-wallet for exporters, mechanism may miss April 1 deadline

Industry and govt had hit upon the mechanism more than four months ago, as a way to tide over the liquidity crunch faced by traders

GSTN simplifies GSTR-3B filing; ITC balance can be seen on return forms

In a statement, the GSTN saidthat all information required have been placed at one place for the taxpayer filing the return

Rupee springs back from 3-mth low at 64.7 against US dollar

The rupee had depreciated by a staggering 88 paise in the recent spell of sell-offs

Investment climate subdued on slower capital expenditure plans: Study

The private sector and households capital formation accounts for nearly 75% of the gross fixed capital formation of the country

Rs 114-bn PNB fraud: I-T Dept attaches 141 bank accounts and fixed deposits

Nirav Modi's lawyer alleged that the Punjab National Bank (PNB) has termed commercial transactions as a fraud

EPFO declares 8.55% interest rate for FY18, lower than 8.65% for FY17

This is third straight cut

Inter-ministerial panel meet on Feb 24 to decide GST return filing process

The GoM would also consider separate dates of return filing for MSMEs and large businesses

FDI inflow increases by only 0.27% to $36 bn during Apr-Dec 2017

The FDI recorded a negative growth -- inflows dipped by 4 per cent to Rs 2.31 trillion

Niti making new list of sick PSUs for divestment: Amitabh Kant

The 2017-18 Budget had set the target of disinvestment in public sector units at Rs 725 billion

ONGC short-lists three oil service majors to lift output from two fields

The government last September proposed selling a 60 percent stake in ONGC's producing fields to foreign companies to ramp up domestic oil and gas output