Page 2908 - Economy & Policy News

Revenue Secretary Hasmukh Adhia designated Finance Secretary

As per the convention, the senior most Secretary in the Finance Ministry is designated as the Finance Secretary

Philippines-based AG&P to develop LNG terminal at Karaikal Port

The Karaikal Port is a deep-water facility located on the east coast of India

One year of demonetisation: Bankers say note ban has been good for them

Chanda Kochhar said the note ban led to formalisation of financial savings and increased the flow of funds to mutual funds and insurance

Domestic natural gas production to reach 36 bcm by 2020: Report

The country plans to increase its gas usage in the energy mix to 15 per cent from the current 6.5 per cent

Hit for Make in India: Rlys may look abroad as steel crunch slows progress

In 2018-19, SAIL is expected to supply 1.3 million tonnes, falling short of 1.5 million tonnes sought by the railways, the letter showed

Note ban: Taxman picked 20,572 I-T returns for detailed probe

I-T dept has identified one lakh high-risk cases of alleged tax evasion for detailed investigation

Over 39% PANs linked with Aadhaar

There are about 330 million PAN cards, while Aadhaar has been issued to about 1,150 million people

Balco designs plan to reduce power generation loss by constant coal flow

Project has been implemented at firm's 540-Mw captive power plant that feeds Balco's aluminium unit in Chhattisgarh's Korba district

Tata Steel sets up largest CDQ facility at Kalinganagar

CDQ is a heat recovery system to cool the hot coke from coke ovens

NGT gives Centre two weeks to respond to notice on Ken-Betwa river linking

The Rs 18,000 cr project aims to link Ken river in MP and Betwa river in UP to transfer surplus water of one river to another

Uttar Pradesh looking to break in Top 10 Doing Biz ranks again

The state lost out primarily due to stiff competition among the peer states and the top states improving their score by even greater margins than UP

India's logistics sector likely to grow by 9-10% annually: Icra

It said while there have been fluctuations in the economy and freight demand due to GST implementation, the impact of the same would be temporary and would be corrected over the near term

Over 1,000 fresh FPIs registered in April-September: Sebi

According to Sebi data, the number of FPIs with the regulator's approval increased to 8,826 at the end of September 2017, from 7,807 at March-end, resulting in an addition of 1,019

Govt may review monthly GST filing process to ease tax compliance burden

An official said that invoice matching is important in the GST regime to check tax evasion and hence government wanted every taxpayer to understand how the system works and get used to it gradually

Note ban, black money crackdown pushed PAN registrations, ITR filings

The tax department aims to bring large tax evaders to account and gently persuade those making minor violations to comply with the rules

Corporate profits, markets can double over next 4-5 years: Prateek Agrawal

We are focussed on the high quality and high growth part of the market and believe that this part is pricing in less growth than what is being delivered by these businesses, Prateek Agrawal said

Air pollution causing chronic kidney disease in millions: study

The estimated global burden of incident CKD attributable to fine particulate matter was more than 10.7 million cases per year, researchers said.

19 states freeze Rs 3,066-cr MNREGS wage payments to over 92 mn workers

The central government has not approved most payments for 20 days in March-April 2017, and 80% wage payments in May 2017 were not processed

Can supplier adjust deposited CGST and SGST with IGST?

No requirement under GST law to pay interest at 18% per annum because of delay in filing of the returns

PSU banks may get Rs 70,000 cr via recap bonds in 4 months

NPAs of PSBs alone have increased from Rs 2.75 lakh cr in March 2015 to Rs 7.33 lakh cr as on June 2017