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ECONOMY NEWS - Page 200
GST will further boost India’s ranking in ‘ease of doing business’: Bankers
November 1, 2017 11:55 IST
It is to be noted that the latest Ease of Doing Business report by the World Bank -- released Tuesday-- did not take into account the implementation of the Goods and Services Tax GST) from July 1.
Sharp fall in credit growth to agriculture, services sectors
November 1, 2017 01:15 IST
Non-food bank credit increased by 6.1 per cent in September 2017.
Fiscal deficit hits 91.3% of FY18 target in 6 months
November 1, 2017 01:10 IST
Govt's total receipts at Rs 6.50 lakh crore in Apr-Sept, which is 40.6% of the BE.
This is what helped India go up in World Bank rankings in ‘ease of doing business’
October 31, 2017 21:12 IST
The ranking comes as a shot in the arm for the Narendra Modi government amid dissenting voices in certain quarters about implementation of the Goods and Services Tax (GST) as well as demonetisation.
Improvement in ease of doing business ranking to help India attract more FDI: US advocacy group
October 31, 2017 20:17 IST
According to the World Bank's latest annual Ease of Doing Business report, India now ranks 100th among 190 countries.
IPOs raise record high funds, but only fraction is for business growthSubscriber Only
October 31, 2017 07:19 IST
Of the Rs 46,239 crore raised through IPOs in 2017 (until October 27, 2017), a record 80 per cent or Rs 37,089 crore has gone towards offer-for-sale.
Last date for filing GSTR-2, GSTR-3 extended by a month
October 31, 2017 01:30 IST
Final date of filing of July GSTR-2 now is November 30 & GSTR-3 is December 11.
Former RBI governor Raghuram Rajan should head Federal Reserve, thinks this US website
October 31, 2017 14:58 IST
Raghuram Rajan had warned the Modi-led government against the demonetisation exercise, when much of the country's higher denomination currencies were withdrawn from circulation as an attempt to curb black money.
GoM suggests making GST inclusion in MRP mandatory
October 30, 2017 18:11 IST
This rule, sources said, must be applicable to establishments like restaurants, eateries and malls that sell packaged goods such as bottled beverages which already carry an MRP, but at some places, a GST is charged over and above that MRP.
Deadline to file GSTR-2, GSTR-3 for July extendedSubscriber Only
October 30, 2017 17:07 IST
The deadline to file GSTR-2 was October 31 whereas the last date for filing GSTR-3 was November 10
Q2 GDP likely to recover to 6 per cent: SBI Research
October 30, 2017 16:39 IST
The growth rate in agriculture sector is a point of concern, according to research
More GST rate cuts likely, eating out at AC restaurants could get cheaperSubscriber Only
October 30, 2017 08:55 IST
If approved by the GST Council, this will be the second round of relief measures for small and medium businesses within a month.
GST is a ‘game changer’ but simplify it: Karnataka minister R V Deshpande
October 29, 2017 18:38 IST
Deshpande said GST should have come under the UPA government itself but BJP then opposed it
GoM for 12 per cent GST on AC eateries, composition scheme tax cut
October 29, 2017 18:08 IST
The GoM headed by Assam Finance Minister Himanta Biswa Sarma has also suggested doing away with the tax rate distinction between AC and non-AC restaurants, those which are not covered under composition scheme, and tax them at 12 per cent
GSTN dials taxpayers to get feedback on filing experience
October 29, 2017 14:06 IST
GST Network (GSTN), the company building the IT backbone for the biggest indirect tax reform, had in June opened a call centre and publicised the helpline number for taxpayers with enrolment related queries.
PFRDA to train 5 lakh people via e-learning to promote New Pension Scheme
October 29, 2017 13:24 IST
NPS earlier known as New Pension Scheme (NPS) was launched in January, 2004 and in the initial phase covered the new entrants to the central government services (excluding Armed Forces) as well as state government and central autonomous bodies.
Government, bank staff to biometrically sign off Aadhaar enrolment
October 29, 2017 12:38 IST
The Unique Identification Authority of India (UIDAI) had earlier asked states to ensure that enrolments, even those by private agencies, shift to government or municipal premises from external private operator run sites.
Bank cleanup roadmap: Capital infusion first, restructuring laterSubscriber Only
October 29, 2017 06:36 IST
With recapitalisation bonds adding to government equity, banks will have more equity to dilute and raise more capital.
Demonetisation helped some people with black money turn into white: P ChidambaramSubscriber Only
October 29, 2017 01:17 IST
The former Finance Minister, P Chidambaram said that none of the objectives spelt out by the Prime Minister while rolling out the demonetisation drive had been achieved.
Telecom industry going through stress, but it is temporary: DoT secretary Aruna Sundararajan
October 28, 2017 10:05 IST
Department of telecommunications secretary acknowledged that it was a stressful time, but a temporary one.
65% funds spent, defence ministry seeks Rs 22,000 cr more for modernisationSubscriber Only
October 28, 2017 03:06 IST
Sources in the ministry told The Indian Express that by mid-October, the Indian Air Force had already spent 82 per cent of its capital budget, the navy 57 per cent and the army 55 per cent.
Post-GST Gujarat, Haryana surveys found no ‘earthshaking’ issues: CBEC chiefSubscriber Only
October 27, 2017 01:37 IST
Sarna conceded that there have been mismatch issues with the refunds to exporters and they are working to provide manual refunds, in cases where the online utility is unavailable.
Government extends date to claim GST transition credit till November 30
October 26, 2017 22:34 IST
The GST Council, in its 21st meeting in Hyderabad, had decided to extend the deadline for filing TRAN-1 form to October 31, from September-end earlier. It also allowed businesses to revise the form once in the case of any discrepancy.
Simplifying GST : With massive tax refunds pending clearance, will the tax inspector have a field day?Subscriber Only
October 26, 2017 15:39 IST
As the time to match returns and give tax refunds arrive and the cash crunch bites the industry and some inspectors get ready for a post Deepavali bonanza
Most of Rs 7-lakh crore road project works to be awarded by December 2018: Nitin GadkariSubscriber Only
October 26, 2017 01:37 IST
Not a single paisa worth of corruption will happen, says road minister Nitin Gadkari,
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