Page 2873 - Economy & Policy News

GST rate cut: AC, fridge, other white goods set to get cheaper

Only luxury or sin goods are likely to stay in the 28% slot

83% of money-laundering cases since note ban related to shell firms, realty

Gold-related cases accounted for only 7%, drugs (6.5%), arms and ammunition (4.5%) and others (8%)

Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production

Prices are up from Rs 4-5 last year as poultry farms reduced production for 2017 because they did not get better rates last year

Govt may exempt crowdfunding from Companies Act to give start-ups a leg up

The government is planning to invoke Section 462 of the Companies Act through which it can exempt any company or business from the Act

100 for Rs 500: Egg prices up 25% in 1 month, chicken down by 30%

Supply deficit in eggs likely to continue for few more months, prices to remain firm till Feb or March

Andhra's pilot shows the world how to put land records on blockchain

The state is running a pilot by Swedish startup ChromaWay to put land records on a blockchain in fintech hub Vizag

Summer internships: Niche schools a magnet for digital, e-commerce firms

FMCG & BFSI firms also offer jobs with digital profiles

Switzerland agrees to give India, 40 others info on black money hoarders

The information will include account number, name, address, date of birth, tax identification number, interest, dividend of the account holder

Act fast on GST rate cut or face action: Hasmukh Adhia

Finance secretary says onus of passing on the benefits is on companies

Land woes may keep airport network plans grounded

Some airport developers say that instead of setting up airports, the govt should operationalise existing air strips for commercial flights

Auto exporters under pressure as over Rs 1,000-cr GST refund gets stuck

In the July-October period, passenger vehicle exports declined by 14.45 per cent to 2,35,933 units as compared with 2,75,789 units in the same period of last year

Kisan Sansad: Farmer protest to hit Delhi today

Farmers would walk from Ramlila Maidan to Parliament Street and hold a meeting there to highlight farm distress and farmer suicides

Tax clarity for subsidiary model of foreign banks

A subsidiary structure provides various benefits, including the ability to grow inorganically through acquisitions

India to soft-pedal on services at WTO meet

India will demand for an agreed solution on the issue of public stockholding of grain for food security, besides domestic subsidies to the agri sector

Statsguru: Global wealth soars in 2017

North America leads the wealth list with a combined wealth of $101 trillion, followed by Europe at $79 trillion

India moves up one notch to 126 in per capita GDP terms, says IMF data

Qatar ranked highest; US, UK fail to make it to the top 10 league

Moody's milder on India than S&P, Fitch

Moody's upgrades India's sovereign bond rating for first time in 14 years

GST rules changed on refund claims

CGST can be disbursed only by a central tax authority and State GST only by a state one

Gold smugglers now prefer Europe over Gulf countries: Customs

Recent cases of gold seizure show that smugglers are opting for the European route and newer modus operandi

CAIT asks govt to include 20-carat gold in hallmark standards

Move expected to help jewellers in extending reasonable price offers to their customers