Journalism of Courage
ECONOMY NEWS - Page 209
TDS, TCS deductors can apply for GST registration from Sep 18
September 10, 2017 14:45 IST
As per the Central GST (CGST) Act, the notified entities are required to collect TDS at 1 per cent on payments to suppliers of goods or services in excess of Rs 2.5 lakh.
I-T dept to appoint 7600 more TRPs to cover entire country
September 10, 2017 14:22 IST
"It is proposed to provide sufficient number of Tax Return Preparers (TRPs) in every district by scaling up of number of TRPs from a total 5,400 to 13,000 in the country," according to an I-T department blueprint
Arun Jaitley to initiate Budget exercise next week
September 10, 2017 13:20 IST
It would also be the last full Budget of the BJP-led NDA government before the 2019 General Elections. Only proposals for changes in direct taxes, besides customs duty are likely to be presented in the Budget along with new schemes and programmes of the government.
Demand exemption on certain farm commodities: Agricultural traders protest at GST council meet venueSubscriber Only
September 10, 2017 01:26 IST
Traders from Agricultural Produce Market Committee of Kolhapur, Sangli and Solapur also demanded removal of the commission on turmeric fingers, coriander, raisin and dried red chillies, saying they are purely “agricultural products”.
Demonetisation ‘utter failure’: I expect very bad numbers for July-September, says P ChidambaramSubscriber Only
September 11, 2017 10:17 IST
Blaming demonetisation for the current deceleration in the economy, Chidambaram warned that the worst was yet to come.
Amit Shah at FICCI event: ‘Demonetisation a very tough call, boosted formal economy’
September 10, 2017 01:18 IST
On Saturday, Shah stated: “We have taken some decisions for which we have faced severe criticism. But let me make one thing clear that BJP’s Narendra Modi government does not believe in taking decisions that just appear good to people."
GST Council meeting: Deadline for filing of GSTR-1 extended till Oct 10; top developments
September 9, 2017 20:17 IST
GST Council meet: No additional burden on small cars. Cess on mid-segment cars increased by 2 per cent, on large cars by 5 per cent and on SUVs by 7 per cent, announced FM Arun Jaitley.
Outside GST Council meet venue, agricultural traders protestSubscriber Only
September 9, 2017 19:34 IST
At present, most agricultural commodities are exempt under the GST regime except the processed agricultural commodities.
Demonetisation was a “very tough” decision; it increased the “formal economy”: Amit Shah
September 9, 2017 18:04 IST
"Those people who are asking about the benefits of demonetisation, I would like to tell them that since independence, we were able to add only 3.7 crore in our tax payer base...In last three years, we have increased the number of taxpayers from 3.7 crore to 6.3 crore," Amit Shah said
Rupee at 1-month high as USD weakens post-ECB meet
September 9, 2017 01:36 IST
Friday’s appreciation of the rupee was the highest one-day rise seen in almost five weeks. On a year-to-date (YTD) basis, the currency has given a return of 6.48 per cent.
Sebi asks registrars, share transfer agents to put in place cyber security framework
September 9, 2017 01:06 IST
The circular has come at a time when there are rising incidents of cyber attacks. Sebi has said the cyber security policy of the RTAs should be approved by the respective boards.
Tighter norms for credit rating agencies: Sebi proposes raising minimum networth from Rs 5 crore to Rs 50 crore
September 9, 2017 01:03 IST
Capital market regulator also proposes to cap cross holding in registered rating agencies to 10%
Raghuram Rajan: Let India grow at 8-10% for 10 yrs before chest-thumping
September 8, 2017 16:01 IST
Raghuram Rajan added that India can lecture the world on things such as culture and history, but on growth, it should do that only after achieving 8-10 per cent rate for 10 years.
Illegal fund mobilisation: PACL, 4 directors fined Rs 2,423 crore
September 8, 2017 01:18 IST
Penalty imposed by Sebi is one of the highest ever on any entity, individuals
No concrete plan for PSBs’ balance sheet woes: RBI Deputy Governor Viral Acharya
September 8, 2017 01:15 IST
Reserve Bank Deputy Governor Viral Acharya on Thursday said there’s no concrete plan for public sector banks’ balance sheets, especially in capital raising.
Raghuram Rajan at book launch: To boost growth, focus on stalled infra projects, power and exports
September 8, 2017 01:09 IST
Former RBI Governor Raghuram Rajan said that one should not be pessimistic that good times are over but there is need to worry, especially if the rate of job creation doesn’t match the rate of new entrants in labour force.
Raise number of businesses in GST net to 3 crore, govt tells taxmen
September 7, 2017 15:33 IST
A key to achieving the target is putting in place a permanent mechanism of almost real-time data exchange between the departments that handle direct tax - income and corporate - and the one which handles indirect levies like customs and Goods and Services Tax (GST).
Capital outlay of 12 states contracts 19.3% in Q1 FY 2018
September 6, 2017 01:43 IST
The decline in states’ capex could not have come at a worse time for the economy, given its greater reliance on government spending as other growth engines are faltering.
Printing presses to RBI: Pay us Rs 577 cr for note-ban lossSubscriber Only
September 6, 2017 08:32 IST
The Rs 577-crore bill is largely on account of huge consignments of imported/indigenous currency note paper used for Rs 1,000 and Rs 500 denominations as well as consignments which had been previously ordered or were in the process of being shipped to India.
Commerce ministry to bring policy for agri exports soon: Suresh Prabhu
September 5, 2017 13:03 IST
Addressing an agri summit in New Delhi, the minister said that multilaterally there is also need to work on removing trade restrictions with an aim to boost India's agri exports.
FPIs lap up investment limits in government securities
September 5, 2017 01:25 IST
FPIs have shown considerable interest in acquiring investment limits in corporate bonds ever since the auction mechanism kicked-off recently. In the previous auction, the cut-off bid had stood at 15.25 basis points.
No data on how much black money came back, informs RBISubscriber Only
September 5, 2017 01:15 IST
Sources say that the RBI has in its earlier deposition had said in the last meeting on July 12 it was still counting the notes and hence could not provide the exact numbers of the scrapped notes
India turning into open economy fast, GST biggest reform: PM Modi at BRICS Business Council
September 4, 2017 19:43 IST
The prime minister also spoke of programmes like Digital India, Start Up India and Make in India that are changing the economic landscape of the country. "They are assisting India turn into a knowledge based, skill supported and technology driven society," he asserted.
As RBI Governor, I was never asked to decide on demonetisation, says Raghuram Rajan
September 4, 2017 09:41 IST
The former RBI governor cautions that “efforts to belittle the position by bringing it into the bureaucratic hierarchy are misguided and do not serve the national interest”.
Rajiv Pratap Rudy replaced after skilled fail to find employment opportunitiesSubscriber Only
September 4, 2017 01:25 IST
During his term India signed Memorandum of Understanding (MoU) with Qatar for cooperation in Skill Development and recognition of qualifications to facilitate workforce mobility, skill development and placement of youth in overseas jobs in Qatar.
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