Page 2909 - Economy & Policy News

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

North Mumbai will be the epicentre of realty, infra growth: Experts

Maharashtra govt's push towards easing commuting in western and eastern corridors of the megapolis to contribute greatly

Low commodity prices, note ban & GST hold back rural recovery: Report

Ongoing curbs have all moderated economic activity levels in the first half of FY18

Engineering and construction account for maximum cases under insolvency law

Other sectors like food, beverage and hospitality had 43 cases, textiles (22) and steel (15)

Investments worth $11 bn committed during World Food India: Harsimrat Kaur

Maharashtra, Telangana govts announced their own food processing policy at the event: Food Processing Industries Minister

Digital deals on UPI surge 77 times within a year of demonetisation

In terms of value, the transactions were valued at Rs 70.57 billion in October 2017

GSTN eases process for exporters to claim refunds under Form GSTR1

Exporters can save and upload their export data which are part of GSTR-1 after filling up export details in table 6A

Statsguru: Doing Business in the region

India jumps 30 positions to 100 in World Bank's ease of doing business rankings

High Court pulls up Maharashtra govt for not reviewing police protection

State was earlier asked to streamline the process to ensure police protection is only given to those who deserve it

Govt elementary school enrolment dips

Enrolment in private schools increased from 28% in 2006-07 to 38% in 2015-16

GST Council may remove some common-use items from 28% bracket

In further relief to small and medium enterprises, the panel is likely to rationalise tax rate in sectors where the total incidence of taxation has gone up

GST: Profiteering check now picking up

Kerala panel seeks action against 335 merchants

Navy eyes new warships worth Rs 45,000 crore by year-end

The Navy finds itself constrained by the lowest budgetary allocation since 2011-12

Bhiwandi powerlooms unable to untie Gordian knot of demonetisation and GST

Around 300,000 workers were said to have been impacted due to the closure of units. It is estimated that more than 50% of the units in Bhiwandi were shut down following demonetisation

No new projects without completion of land acquisition

Currently, only 70% of land needed to be acquired to start a project, which often led to stoppages and delays

NHAI paves way for easy land buy with sops to ex-officials

Move aimed at reducing time taken in acquisition process; incentive linked to pre-defined stages of land acquisition

DGFT eases some procedural rules

Rate of composition fee will depend on whether half the export obligation has been fulfilled, within the initial period

Demonetisation effect: Online travel sales rise in 2017

Mobile travel sales, a subset of online sales, to residents grew by 58% in terms of current value sales

Over 15 mn GSTR-3B returns filed between July and Sept

Earlier, the last date for filing of GSTR-3 for the month of July 2017 was extended from November 10 to December 11

Allow traders to file GSTR-3B form on monthly basis, CAIT recommends govt

Bhartia suggested that the GST Council take a cue from the Maharashtra government, which he said had asked dealers to pay VAT on a monthly basis to save them from 'harassment'