Page 2798 - Economy & Policy News

Budget 2018: Gems & jewellery sector seeks cut in gold duty to 4%

This cut will address issues under the GST regime in the coming Budget

Uttar Pradesh clocks 250% rise in paddy procurement at 3.5 mn tonnes

Farmers paid Rs 52 bn through direct benefit transfer

India gives $45 mn aid to develop Kankesanthurai harbour in Sri Lanka

The upgradation project would make KKS Harbour a full-fledged commercial port

Why int'l calls from India cost a bomb despite lowest termination charges

Domestic customers pay up to eight times as much for making calls abroad that what overseas callers to India pay

Budget bonanza: Govt likely to do away with dividend distribution tax

There has been discontent about this tax, because any corporate which pays dividend has to pay two taxes - the income tax on its profits and the DDT

Budget 2018: From FDI to unified market, challenges ahead for retail sector

Indian retail industry is projected to grow at a promising CAGR of 10% to reach $1.1 trn by 2021

GST Council may lower rates for farm gear, electric vehicles next week

The GST Council meeting will be its last one before the presentation of the Union Budget on February 1

Donald Trump complains about allowing immigrants from 'shithole' countries

"Why are we having all these people from shithole countries come here?" Trump told lawmakers on Thursday, according to the Washington Post.

Govt says no marital rape, survey shows 5.4% of married women are victims

Data from the National Health and Family Survey records marital rape even as Indian law has yet to criminalise it.

Aus agriculture minister to visit India soon to resolve pulses trade issue

The Australian government is also looking at other markets such as Nepal, Iran and the UAE for its pulses sale

Govt may hold on to around a 26% stake in Air India after sell-off

Residual stake sale later to gain more value

Exporters ask government to provide barter deal with agri-deficit nations

Negotiations likely with Japan, EU, US, South Korea to boost India's agri exports and balance out their electronics exports into India

China objects to Vietnam's call for Indian investment in South China Sea

China has been opposing India's ONGC exploring oil in wells claimed by Vietnam in the South China Sea for years

70% duty on solar imports: How serious is China dominance in Indian market?

Business Standard looks at the authenticity of the claims of China's solar power might in India through the prism of numbers

Black money crackdown: Illegal vault leads taxmen to Rs 610 million

The private lockers or vaults, that operate like normal bank lockers, are illegal and not recognised under the law

GST has reduced effective tax payable for all sectors, except power: Study

At 23.2%, the transport sector saw the largest drop in the marginal tax rate. At 0.9%, agriculture saw the lowest drop

Oil at $70/barrel for first time in 3 years as production cuts by Opec

Rising prices are putting US production on track to rival both Saudi Arabia and Russia, with output likely to exceed 10 million barrels a day as soon as next month

Businesses and tax experts still face problems in returns on GSTN

Praveen Khandelwal, secretary general of the CAIT, said at least half of all taxpayers could not file their returns due to glitches in the GST portal

Need integrated digital platform for trade logistics, says Bibek Debroy

Bibek Debroy, who is Chief of the Economic Advisory Council to the Prime Minister has also flagged the need for an integrated logistics policy

I-T cracks down on benami assets: Dept attaches 900 properties in 1 year

In 5 cases, provisional attachments of benami properties totalling Rs 1,500 mn have been confirmed