Page 2773 - Economy & Policy News

After Assam, GST sops to woo investment set for a comeback in other states

The Assam Industries Scheme, 2017, notified on January 19 this year, allows eligible units reimbursement of state GST after utilisation of the input tax credit of available SGST and integrated GST

EPFO goes paperless: Firms can pay dues, update ownership details online

EPFO added it has discontinued the physical submission of the form

Why DBT on fertiliser subsidy could prove more chaotic than corrective

It won't necessarily help pare huge arrears payable to manufacturers; issues with availability and functioning of PoS machines persist

Supreme Court order sparks hope of hike in iron ore output, easing prices

The closure of working iron ore mines triggered unprecedented hikes in prices by both Odisha miners and NMDC

India 6th wealthiest country with total wealth of $8,230 billion: Report

Over the past decade (2007-2017) India's total wealth increased from USD 3,165 billion in 2007 to USD 8,230 billion in 2017, a jump of 160 per cent

Chhattisgarh farm credit estimated at Rs 292.45 billion in FY19

An amount of Rs 57.99 billion (33 per cent) has been earmarked for capital formation in agriculture

SBI to launch a credit card exclusively for farmers: Rajnish Kumar

'Already pilot projects for the product have been launched in in Rajashtan, Gujarat and Madhya Pradesh'

EPF to ELSS: Five key investments you can make under Section 80C

With the end of the financial year fast approaching, the employed need to furnish their Section 80C investments. If you haven't still made any investments, here are five key ones

Budget 2018: Govt may abolish dividend distribution tax, says EY India

Corporate income tax rate reduction does not seem likely in light of the fiscal constraints and subdued GST collection: EY India

Budget 2018: PE investors seek pass-through of losses at end of fund life

As per existing regulations, if there are losses in a fund at the end of its life, the same cannot be passed onto its investors

Budget 2018: Arun Jaitley likely to address Sebi, RBI boards on Feb 10

It is a customary practice for the finance minister to address the boards of Sebi and RBI

Budget 2018: Review of foreign tax credit norm tops Nasscom's wishlist

Nasscom has also reiterated its request to address the 'Angel Tax issue' by recognising genuine angel investments in start-ups

Budget 2018: Govt may not be able to meet its gross revenue target in FY18

With revenue falling short of expectations, analysts said the Centre was unlikely to meet its fiscal deficit target of 3.2 per cent in FY18

Worst Asian bond market has more to fear: the spectre of Modi's borrowings

Whereas falling oil prices and bond yields have benefited Modi since he took power in 2014, their steep ascent in the past year is posing a threat

No material injury from dumping of polyester staple fibre from China: DGAD

Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in below-cost imports

Eco Survey: Growth back on track; 50% rise in indirect taxpayers under GST

GDP growth pegged at 6.75% this year, 7-7.5% in FY19; 12% revenue growth projected; risk factors: oil price spike, pvt investment recovery delay

Economic Survey 2018: Need to revisit current solar, wind subsidies

With prices falling at such a fast pace, financially beleaguered state-owned power distribution companies are reneging on contracts they had signed at higher tariffs

Economic Survey 2018: Climate change may lower farm incomes by 20-25%

Survey calls for direct income transfer to farmers, suggests raising area under drip and micro irrigation

Economic Survey: Revamp judicial system to ensure ease of doing business

It attributes the delay in issue of judgments to the workload and the scope of the tribunals being expanded

Digital services' share in IT export to double to 30% by 2020: Crisil

Beside in-house reskilling, firms thought likely to undertake more acquisitions