Page 1945 - Economy & Policy News

Tax write-backs boost JSW Energy net profit to Rs 394 cr for Dec quarter

Its total income fell to Rs 2,106 crore from Rs 2,491 crore as demand was subdued, reflecting the broader economy that has been in the dumps since the beginning of the financial year

Wanted to keep Budget Speech shorter but ended up breaking own record: FM

In July presenting her maiden Budget, Sitharaman had spoken for 2 hours 17 minutes

New taxation rules to hit dividends received from foreign subsidiaries

Rewriting of norms may result in double taxation, say experts

Shun hesitation, make investments to drive growth: Sitharaman to India Inc

At a post Budget interaction at a CII event here, the minister said the government was there to facilitate the industry

Budget 2020: 100% smart prepaid metering trips on target and funds

Power ministry has been planning it for two years, but with limited success

Amfi seeks clarity from tax authorities on removal of DDT, TDS introduction

Currently, mutual funds deduct the DDT and then hand over dividend to the unit holders

Commerce ministry preparing district export plan to boost shipments

Budgetary support will be provided to make outreach at the district level and prepare this plan, the ministry said

Left parties to protest against 'anti-people Budget' from Feb 12 to 18

The protests will demand rollback of the large-scale privatization of national assets including the disinvestment of LIC

Pramod Kumar Singh appointed wholetime member of pension fund regulator

He is at present Competition Commission of India (CCI) secretary

Govt working on proposal to allow 100% FDI in Air India, says report

A draft note has been circulated on the issue seeking comments from different ministries

Chhattisgarh procures 6.84 MT of paddy, set to achieve Kharif season target

Paddy procurement in the state started on December 1 and would continue till February 15

Bill to amend Aircraft Act introduced; proposes fine of up to Rs 1 crore

A few other provisions would also be made part of the law that will also help in complying with the International Civil Aviation Organization's (ICAO) requirements

Budget 2020: Rs 2,500 cr not enough for tourism promotion, says industry

Tourism bodies say Indians spending Rs 9,000 cr abroad abroad due to poor domestic infra, which cannot be improved with this allocation

Won't compromise patients' interest while privatising hospitals: Centre

Union Budget 2020 proposed handing of district hospitals to private sector through Public-Private Partnership mode

UP govt clears investment projects of Rs 3,653 cr in past two months

Projects are expected to generate more than 11,000 new jobs; letters of comfort already issued or are in the process of being issued

India's January gold imports plunge 48% to four-month low: Report

The world's second-biggest buyer of gold imported 36.26 tonnes in January, compared with 69.51 tonnes a year earlier, the source said on condition of anonymity

MSMEs grapple with stress even as govt grants more time for restructuring

Muted demand, non-payment by large customers, and unwillingness on the part of banks to restructure loans takes a toll on the sector

Facility centres for jewellery sector to help workers improve quality: Govt

Gems and jewellery exports account for more than $40 billion (about Rs 2.84 trillion) annually, employing more than 5 million people across the country

RBI MPC starts meeting to decide new rates amid slowdown, rising inflation

The retail inflation that for several months remained in the comfort zone of the central bank has started inching up and crossed the 7 per cent mark during December 2019

Recruiters bullish on hiring outlook in the first half of 2020: Survey

Around 55 per cent recruiters anticipate new jobs as well as replacement hiring to happen in the first half of the year