Page 2815 - Economy & Policy News

A boon for farmers, Telangana's 24/7 free power scheme may hit discoms hard

Launched from Jan 1, the 24/7 free power supply replaces the existing nine hours per day free power scheme

'Several issues require the urgent attention of DGFT'

There is no provision to take ITC of CVD and SAD in the current GST laws

UPI closes 2018 on a high as volume jumps 39% in December

These transactions included players like PhonePe and Google Tez, along with the government's BHIM app

Govt closes subscription for 8% savings bonds from today

Chidambaram said the move to scrap the bonds was an attack on the middle class

Spend on agri schemes highest in 6 years

Centre spent over Rs 71 billion on existing farm market intervention schemes in FY18

CPI for industrial workers up at 3.97% in Nov as food items get costlier

The All-India CPI-IW for November increased by 1 point and pegged at 288

Kolkata, Mumbai to be on faster rail link with Delhi

Railways is working on multi-pronged strategy under Mission Raftaar to increase its speed

New investment proposals down to 13-yr low in Q3

Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sept quarter

Industrial revival? Core sector growth hits 13-month high of 6.8% in Nov

This will serve to be good news for the Modi govt after the Index of Industrial Production plunged to 2.2% in Oct

RBI's pause on rate cuts brings credit opportunity funds under spotlight

Assets of these funds are up 50% in 2017 at Rs 1.1 trillion

Rs 2 trillion earmarked for 90 smart cities, work on 77 started: Govt

So far 77 Smart Cities, including 11 of the Round 3 cities, had formed their Special Purpose Vehicle

Tax lawyers hope for a quiet and less 'revolutionary' 2018

We hope there are fewer reforms and more holidays for our tax department lawyers, said the executive chairman of a legal firm

Govt to end subscription for 8% GoI savings bond on Tuesday

The interest received from these bonds is taxable at the marginal rate of income tax the investor is liable for

Nabard's assistance to Odisha crosses Rs 100 bn by the end of Q3

For infrastructure creation, the bank has extended financial support to the tune of Rs 211.8 bn

Maternity benefit scheme to become fully functional by February-end: Centre

So far, the benefits of the scheme have reached 10,000 women approximately, says govt

GDP growth to pick up in 2018; oil prices, inflation may spoil the party

Over the past three months, crude oil prices have increased by about 28%

Govt eases rules on rectification of GST returns, allays fears on penalties

Industry bodies have been demanding a relaxation of norms and easier compliance provisions

Maharashtra allots Rs 142,400 mn for farm loan waivers, cropping

Arun Jaitley had last year said that the Centre will not be part of a state's fiscal leverage in waiving farm loans and the cost has to be borne by the states

2018 may see $50 bn in M&As on back of stressed assets, says Assocham

The chamber suggested easing of guidelines and legislative support in the Income Tax Act and the Competition Act to boost M&As

Income Tax dept notifies new helpline number for ITRs e-filing

The new helpline numbers can be called in case of any trouble on the e-filing portal