Thursday , 15 November 2018
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Business

Jharkhand MPs seek PM Modi’s intervention over privatisation move

IANS   RANCHI Ten MPs of Jharkhand have written to Prime Minister Narendra Modi seeking his intervention on the Union Heavy Industries Ministry’s move to privatise the Heavy Engineering Corporation (HEC), one of the oldest such in the government sector that was established in 1958. “HEC is one of the biggest PSU of the Asia. Thousands of farmers had given ... Read More »

‘Goa’s draft startup policy to be ready by Mar 31’

NT NETWORK   PANAJI Goa’s draft Startup Policy will be finalised by March 31, informed IT Minister Rohan Khaunte, on Thursday and added that the policy will make Goa as a best startup destination in Asia by 2025. Khaunte was speaking as the chief guest at the three-day Goa Biz Fest 2018 at Shyama Prasad Mukherjee stadium, Bambolim. He also ... Read More »

Govt foregoing ‘fiscal prudence’, worsening deficit: Chidamabaram

NEW DELHI Former Union Finance Minister P Chidambaram on Thursday accused the Narendra Modi government of “abandoning fiscal prudence” and worsening the fiscal deficit and demanded to know as to how many jobs meeting International Labour Organisation (ILO) standards were created in the last four years as against the promised two crore jobs a year. Speaking in Rajya Sabha amid ... Read More »

India to seek lower oil rates from Saudi Arabia, US

PTI   NEW DELHI India will press Saudi Arabia and the US, the world’s biggest oil producers, this month for a reduction in oil prices to provide relief to fuel consumers, Oil Minister Dharmendra Pradhan said Thursday. Saudi Oil Minister Khalid A Al-Falih will visit India on February 23- February 24, while US Energy Secretary Rick Perry would be here ... Read More »

Additional 3 cr free LPG connections to be given to poor households by 2020

PTI   NEW DELHI As many as 3 crore additional free cooking gas (LPG) connections will be given to poor households by March 2020 at an extra expense of Rs 4,800 crore, Oil Minister Dharmendra Pradhan said Thursday. The Pradhan Mantri Ujjwala Yojana (PMUY) was launched in May 2016 with a target to give 5 crore LPG connections to poor ... Read More »

ECONOMIC SCAN

Training on indirect taxes, GST on Feb 23 PANAJI: A one-day training programme on various changes in indirect taxes proposed by the Union Budget and also the GST legislation will be held on February 23, at Vivanta by Taj, Panaji. The programme is organised by CII-Goa and is meant for those working in the area of finance, accounts, taxation, procurement, invoicing, stores ... Read More »

RBI keeps policy rate unchanged; flags inflation, deficit

PTI   Mumbai The Reserve Bank Wednesday kept interest rates unchanged for the third time in a row saying that higher government spending would accelerate inflation, and warned of risks from wider fiscal deficit. The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, retained the repurchase or repo rate at 6 per cent and reverse repo rate ... Read More »

Do not take coercive steps against startups: CBDT to I-T dept

PTI   New Delhi The CBDT has directed the taxman not to undertake “coercive” steps in recovering pending taxes from startups under a specific provision of the Income Tax Act, a move aimed to help budding entrepreneurs in the country. The move assumes significance as startups in the recent past had flagged their grievances to the government regarding ‘angel tax’ ... Read More »

Don’t charge GST from affordable housing buyers: Govt to builders

PTI New Delhi The government Wednesday asked builders not to charge any GST from home buyers as the effective GST rate on almost all affordable housing project is 8 per cent which can be adjusted against the input credit. It said builders can levy GST on buyers of affordable housing projects only if they reduce the apartment prices after factoring ... Read More »

No proposal to make Aadhaar mandatory for electoral bonds: government

PTI   NEW DELHI There is no plan to make Aadhaar mandatory for donors under the electoral bonds scheme, which is aimed at cleansing the system of political funding, the government has informed the Lok Sabha. The government had notified the scheme on January 2. “There is no proposal currently to make the use of Aadhaar” mandatory under the scheme, ... Read More »