Page 2781 - Economy & Policy News
Do not donate over Rs 2,000 in cash to political parties: Income Tax dept
According to the scheme, no person should make a cash donation of over Rs 2000 to a political party
 "Do not donate over Rs 2,000 in cash to political parties: Income Tax dept")
Unfinished RCEP gets under the skin of nations at Asean business Summit
Proposed trade deal for bloc and six of its freer trade partners, including India, has been stuck on tariffs, services
 "Unfinished RCEP gets under the skin of nations at Asean business Summit")
Budget 2018: Cut in petrol, diesel excise duty in Oil ministry's wishlist
Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
ONGC-HPCL deal: State-run oil firms to see more integration, says Pradhan
India wants to build bigger oil companies to better compete with global energy giants and withstand oil price volatility
 "ONGC-HPCL deal: State-run oil firms to see more integration, says Pradhan")
WEF 2018: Optimism booms among Davos CEOs despite geopolitical storm clouds
The PwC survey of nearly 1,300 CEOs found that 57 percent expect global growth to improve in 2018, almost twice the level of last year and the largest increase since the survey began in 2012.
 "WEF 2018: Optimism booms among Davos CEOs despite geopolitical storm clouds")
Davos 2018: Modi holds global CEO meet, IMF reaffirms India's growth story
Prime Minister Narendra Modi on Monday held a roundtable meeting with the CEOs of top global companies before his keynote address at the plenary session of the World Economic Forum
 "Davos 2018: Modi holds global CEO meet, IMF reaffirms India's growth story")
WEF Davos 2018: Modi holds global CEO meet, says India means business
Addressing a roundtable before a dinner meet, Modi narrated India's growth story.
Modi in Davos: IMF says India to be fastest growing economy in 2018 at 7.4%
India is reclaiming its place as a growth leader after a short slowdown due to GST and demonetisation, said IMF's David Lipton
 "Modi in Davos: IMF says India to be fastest growing economy in 2018 at 7.4%")
Davos warning from global leaders: Don't party too hard as growth picks up
Booming stock markets and the best global economic growth in seven years are fueling record levels of optimism among chief executives, according to a survey released by PwC on Monday
 "Davos warning from global leaders: Don't party too hard as growth picks up")
India's richest 1% grabbed 73% of wealth generation in 2017: Survey
Globally, 82 per cent of the wealth generated last year went to only 1 per cent people
 "India's richest 1% grabbed 73% of wealth generation in 2017: Survey")
DP World, NIIF create platform to invest up to $3 bn in ports
NIIF is being operationalised by establishing three Alternative Investment Funds
 "DP World, NIIF create platform to invest up to $3 bn in ports")
New Model Concessionaire Agreement to make port contracts investor friendly
Under the revised MCA, the developers have been allowed to exit from a project by way of divesting their entire equity after completion of two years from the commercial operation date
 "New Model Concessionaire Agreement to make port contracts investor friendly")
Budget 2018: Fiscal deficit number to be close to target of 3.2% of GDP
In what could be the first time for the rail ministry, the finance ministry may cut its GBS by Rs 150 billion
 "Budget 2018: Fiscal deficit number to be close to target of 3.2% of GDP")
India has best growth prospects among 7 large economies, including China
The study uses artificial intelligence, big data and predictive analytics to come up with an outlook on future trade and includes seven top trading nations in the world
 "India has best growth prospects among 7 large economies, including China")
Encouraging bamboo cultivation can boost farmer income, says Nitin Gadkari
Nearly Rs 35 billion has already been sanctioned for the construction of highways between Wardha to Yavatmal, Yavatmal to Mahagaon and Mahagaon to Waranga
 "Encouraging bamboo cultivation can boost farmer income, says Nitin Gadkari")
IMF raises 2018-2019 global growth forecast to 3.9% on Trump's US tax cuts
The tax cuts would likely widen US current account deficit, strengthen US dollar, affect international investment flows
Iron ore production projected to fall 15% after two years of growth
The shunting out of operations of seven working iron ore leases in Odisha on January1 this year will impact production as their combined annual capacity is 20 million tonnes per annum
 "Iron ore production projected to fall 15% after two years of growth")
Quoting 'Unique Identity Number' on invoice is necessary under GST: FinMin
Recording of UIN while making such supplies will enable foreign diplomatic missions/UN organisations to claim refund of the taxes paid by them in India
 "Quoting 'Unique Identity Number' on invoice is necessary under GST: FinMin")
Incentivise banks to promote gold monetisation: India Gold Policy Centre
The paper quotes a nation-wide survey-based study of 1,171 households as well as an interview-based study of senior management of six banks, five gold refiners and one industry consultant
 "Incentivise banks to promote gold monetisation: India Gold Policy Centre")
WEF Davos 2018: India toast of the snowy town, from billboards to platters
There is the govt's official India Lounge alongside plenty of Indian companies at Davos with their own set-ups
 "WEF Davos 2018: India toast of the snowy town, from billboards to platters")