Journalism of Courage
ECONOMY NEWS - Page 206
RBI raises foreign investor limits
September 29, 2017 02:16 IST
Last week, the RBI increased the corporate bond investment limit for foreign investors by taking out rupee denominated bonds from the ambit of total debt investment limit.
Centre sticks to target of Rs 2.08 lakh crore
September 29, 2017 02:11 IST
The government had earlier said focus will be on to elongate maturity profile in government borrowing in 2017-18.
Exporters, industry bodies meet Arun Jaitley, raise GST concerns
September 29, 2017 01:59 IST
The exporters and representatives of industry bodies also asked for a quarterly returns filing system than monthly returns at present and asked for refunds for exporters to be based on GSTR-3B,.
ITC contributes to achieve Swachh Bharat through initiatives
September 28, 2017 19:06 IST
Ashish Mittal, Co-founder EasemyGST, said: "The company will be servicing MSMEs at the annual package of Rs 15,000 for GST related services. Our aim is to enable faster compliance and ensure competitiveness in terms of pricing".
Simplifying GST: If Flipkart can manage big billion days why can’t GSTN portalSubscriber Only
September 28, 2017 17:50 IST
The Government says that 49.68 lakh returns in GSTR-3B were filed for July as against 87 lakh registered tax payers. That was the data for July the roll out month. That still leaves out 4 million tax payers or 40% of those registered.
Industry, exporters bring up GST concerns at meet with Finance Minister Arun Jaitley
September 28, 2017 15:24 IST
Representatives from KPMG, CII, Ficci, Gems and Jewellery Export Promotion Council, Laghu Udyog Bharati, GST service providers, ICSI, Institute of Chartered Accountants of India and Amazon were present.
Savings via DBT cross Rs 58k crore mark, says Union Minister Ravi Shankar Prasad
September 28, 2017 15:16 IST
Elaborating on mobile companies setting manufacturing plants in the country, Union Minister Ravi Shankar Prasad said that over the last three years around 100 new companies have set production facilities.
Coalition govts produce better economic growth: Ex-RBI Guv Yaga Venugopal Reddy
September 28, 2017 14:07 IST
Referring to the 1991 balance of payments crisis, Reddy said, "The remarkable thing was that despite an unstable political situation, they managed a political consensus for whatever need to be taken to manage it successfully."
Arun Jaitley to hold key GST meet today, likely to discuss glitches with industry bodies
September 28, 2017 15:23 IST
Representatives who would attend the meeting include Federation of Indian Chambers and Commerce Industry (FICCI), Confederation of Indian Industries (CII), Federation of Indian Export Organisations (FIEO) and FISME.
India Ratings slashes GDP growth estimate to 6.7%
September 28, 2017 06:17 IST
"The combined effect of demonetisation and introduction of goods and services tax (GST) is proving to be more disruptive for the economy than was expected earlier.
Farmers’ protests shake PM Narendra Modi’s 2019 bid as economy slowsSubscriber Only
September 27, 2017 13:25 IST
“This struggle is not for us, it’s for the next generation -- if our kids didn’t find jobs, they would at least have comfort that they can return and rely on the traditional profession to feed themselves.”
Rupee crashes to 1-month low on equity sell-off
September 27, 2017 01:34 IST
The dollar has gained since the US Federal Open Market Committee meet on September 19 and 20, when the Federal Reserve hinted at a rate hike later this year and also decided to trim its balance sheet starting October.
GST, economic slowdown hit Durga Puja sponsorships: Organisers
September 26, 2017 23:32 IST
Prior to the roll-out of GST, puja sponsorships were out of the tax ambit (value-added tax), the official said.
GST mop-up at Rs 90,669 crore in August
September 26, 2017 20:54 IST
Total number of taxpayers who were supposed to file monthly returns for August is 68.20 lakh, of which, as on September 25, 37.63 lakh GSTR 3B returns have been filed, it said
Simplifying GST: If ‘Make in India’ has to succeed, ease of business must improveSubscriber Only
September 26, 2017 14:40 IST
Inspector Raj in India started at the time of Indira Gandhi to ensure tax compliance. For fifty years it did not happen. Now comes digital compliance. Will it boost taxes or manufacturing?
India’s slowing growth: PM Narendra Modi is stuck between a rock and a hard placeSubscriber Only
September 26, 2017 16:23 IST
Prime Minister Narendra Modi faces limited options to reverse India's slowing growth. Modi’s administration, which took power in 2014 promising to create jobs, is battling a public perception of economic mismanagement after growth fell below 6 percent in the June quarter.
Govt pegs 2.78% drop in kharif foodgrain output at 134.67 mtSubscriber Only
September 26, 2017 02:34 IST
Patchy monsoon in parts of central India to blame for decline in production
We’re addressing challenges faced by economy: Arun Jaitley
September 26, 2017 01:56 IST
Arun Jaitley said, “Corruption and elimination of black money was never part of UPA’s political and economic agenda. It is obvious that any step against black money and corruption will never be supported by any UPA leader.”
PM Modi sets up advisory council under Bibek Debroy to monitor economic growth
September 26, 2017 01:42 IST
The EAC-PM is an independent body to give advice on economic and related issues to the Government of India, specifically to the prime minister.
Slowing economy: Growth revival hinges on targeted interventionSubscriber Only
September 26, 2017 01:24 IST
Analysts warn against overshooting fiscal deficit goal, but advise well-targeted capital expenditure on medium & small enterprises, roads, railways and urban development
Ice-cream industry demand lowering of 18 per cent GST rateSubscriber Only
September 25, 2017 20:23 IST
Ice-cream previously attracted 2 per cent Central excise without Cenvat credit and 14.5 per cent value-added tax in most states, adding up to 16.5 per cent.
Bibek Debroy to be chairman of PM Modi’s Economic Advisory Council
September 25, 2017 23:20 IST
The other four members in the committee are: Surjit Bhalla (part-time member); Rathin Roy (part-time member); Ashima Goyal (part-time member) and Ratan Watal (member-secretary)
Piyush Goyal to inaugurate Mudra Loan camp in Varanasi on Wednesday
September 25, 2017 18:19 IST
Insurance companies will also set up stalls at the camp to motivate citizens to enrol in social security insurance schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Atal Pension Yojana (APY).
Govt stimulus to boost economy in the works
September 24, 2017 15:56 IST
Chief Economic Advisor Arvind Subramanian has been tasked with preparing details of the pressure points facing the economy and the probable remedies
Arvind Subramanian’s term as CEA extended by one year, says Arun Jaitley
September 24, 2017 01:27 IST
It is learnt that the finance minister has approved his extension and a formal release regarding the same will be issued closer to the time when his first term comes to an end next month.
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