Business, Economy, 22nd May 2017, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 04:50 AM IST

Business Economy 22 May 2017

Business, Economy, 22 May 2017

The progress of the APA Scheme strengthens the government's commitment to foster a non-adversarial tax regime.

CBDT signs 2 more unilateral APAs with taxpayers

So far this fiscal, four APAs have been signed and the CBDT expects more APAs to be signed in the near future.

22 May 2017 8:28 PM

The government in June 2016 had approved a Rs 6,006 crore special package for textiles and apparel sector to create one crore new jobs in 3 years.

Govt sets $45 billion textiles exports target for FY18

Country's overall textiles and garments exports during 2015-16 stood at USD 40 billion.

22 May 2017 8:27 PM

On the challenges front, it flagged the banking system's high non performing assets and job creation as the critical aspects.

Modi's steps to benefit growth over medium term: Crisil

GDP growth rate has accelerated to over 7 pc now, making India the fastest- growing major economy in the world.

22 May 2017 7:26 PM

This is a welcome move as the higher taxes on aviation turbine fuel will continue with fuel remaining outside the ambit of GST.

Aviation sector earnings set to fly high in Q1 FY18

Service tax on economy class air travel has been lowered from 6 per cent to 5 per cent under the GST regime.

22 May 2017 7:04 PM

Kerala CM confident on PM inaugurating Kochi Metro project

Pinarayi Vijayan said that discussions with the regard to project's inauguration was underway with the PMO.

22 May 2017 5:43 PM

So far, the proposal for construction of 18.76 lakhs houses have been sanctioned.

Govt aims to construct 12lakh houses in FY18 under PMAY scheme

Centre targets construction of 26 lakh houses in 2018-19, 26 lakh in 2019-20, 30 lakh in 2020-21 and 29.80 lakh in 2021-22.

22 May 2017 4:44 PM

The jump in collections for February includes a partial recovery of overdue payments caused by the demonetisation stress in the economy.

Auto loan collections return to normalcy post note ban: Fitch

Collections for new small vehicle loan pools were marginally stressed in November and December at 105 per cent.

22 May 2017 4:32 PM

RBI to unveil framework on NPAs ordinance in 15 days

Framework would include creation of a separate cell to identify issues pertaining to NPAs.

22 May 2017 3:28 PM

Luxurious Tejas Express will offer LED TV, Wi-Fi, CCTV

The train would run between Mumbai and Karmali (Goa) five days a week during non-monsoon period.

22 May 2017 2:53 PM

Easy system liquidity is necessary to minimise the magnitude of such disruption and to absorb the sudden changes in requirement of short term finance

'GST to impact woking capital cycle, put strain on liquidity'

RBI to spell out detailed actions at its April policy and sterilised Rs 1 lakh crore in excess liquidity.

22 May 2017 2:41 PM

Five petroleum items have been kept out of GST as they are considered cash cows.

Clamour grows to bring petroleum under GST; J&K fires 1st salvo

GST is perhaps the most significant tax reforms post independence and will revolutionise the entire indirect tax system.

22 May 2017 1:40 PM

Digital transactions have now become integral to India's payment system.

There are alternate modes of payments for end consumers

FinTech companies are innovating and introducing many ‘alternate’ payment options.

22 May 2017 12:57 PM

Prime Minister Narendra Modi. (Photo: PTI)

Modi's biggest tax reform GST to transform India's $2 trn economy

Indirect tax now on fast track to becomng a reality from July 1 as Council has finalised all tax rates.

22 May 2017 11:43 AM

The prevalence of Bitcoins has caused some concerns in government due to its hidden nature.

Centre mulls Bitcoins norms

Bitcoins are first currency of choice in underground activities as they are practically untraceable.

22 May 2017 1:37 AM

1 of 1

Columns

Sunil Gatade