BUSINESS
Piyush Goyal to address traders on domestic trade, e-commerce on Jan 27
Goyal would also speak on issues relating to e-commerce, domestic retail, support policies, and foreign direct investment in retail
ECONOMY
Study finds uneven utilisation of funds for important central government schemes in districts
The Centre for Budget and Governance Accountability (CBGA) and Tata Trusts conducted a two-year project focusing on fiscal governance reforms needed at the district level.
ECONOMY
Lack of transparency on discounts on online platforms affecting competition: Report
The report noted that the discount offered on the platforms is such that the service providers are not able to profitably match the same in the other modes of booking
ECONOMY
FM Nirmala Sitharaman, industry bodies discuss ways to boost economy in pre-budget meeting
The stakeholder groups have also discussed bottlenecks that the industry is trying to deal with
BUSINESS
Financial sector players demand reduction in GST on term insurance in Budget
Representatives of the financial sector and capital markets also highlighted the need for governance changes in public sector banks (PSBs), with special focus on the PJ Nayak Committee recommendations.
BUSINESS
RBI's decision in the P2P lending space expected to attract new capital in the sector
On December 5, the RBI in its monetary policy meeting, relaxed the lending cap for individual P2P lenders from the current Rs 10 lakh to Rs 50 lakh.
BUSINESS
OECD report projects India's FY19-20 GDP growth to be 5.8%
The report, despite forecasting muted GDP growth for India, says that the country remains a growth champion despite recent slowdown and going forward, growth is projected to recover.
BUSINESS
GST Council to meet on December 18; compensation cess issue to top agenda
There is a view that compensation cess may no longer be enough to adequately compensate states and there is a need to come up with some other mechanisms.
BUSINESS
Healthy GST mop-up may not be enough to address fiscal deficit woes
"Economic growth in FY20 is likely to be 5.6 percent and this does not instill confidence in achievement of 3.3 percent fiscal deficit target unless there is steep expenditure reduction, which in the present scenario looks unlikely," said Devendra Pant, Chief Economist at India Ratings.
BUSINESS
Govt expects to collect Rs 18,000 crore from stake sales in THDC India, NEEPCO
For the financial year 2019-20, the government aims to collect Rs 1,05,000 crore from divestment
ECONOMY
India, US resolve major trade differences; agree on equitable market access for trade deal
Trade tensions between the two nations surfaced after India demanded exemption from high duties imposed by the US on certain steel and aluminium products.
ECONOMY
Piyush Goyal's US visit: Addressing differences over trade deal to be top agenda
Trade tensions between India and the US have been rising with President Donald Trump championing his 'America First' policy, complaining that tariffs imposed by New Delhi on American products were "no longer acceptable" to his country.
ECONOMY
Have told states to reject APMC and shift to eNAM: Nirmala Sitharaman
The Finance Minister also said that she had in the Budget announced formation of 10,000 Farmer Producer Organizations (FPOs) to that farmers have easy access to institutional finance
ECONOMY
India opted out of RCEP to protect domestic industry from cheap imports: Piyush Goyal
"We wanted agriculture, dairy out of regional trade pact," Goyal said at a press briefing.
ECONOMY
Government unlikely to opt for a cut in personal income tax rates
"A cut in personal income tax is unlikely in this year due to lack of fiscal space," a senior official told Moneycontrol.
ECONOMY
Reviving exports: Govt mulls measures to rationalise import costs, simplify norms
The government is considering simplification of export incentive schemes like Advance Authorisation Scheme. This scheme allows duty free import of inputs for export products
ECONOMY
Government mulls creating a new portal with more details on stressed assets
"The idea is to get better valuation for these stressed assets by increasing transparency," a govt official told Moneycontrol.
ECONOMY
Indian products need to be more "compatible" for greater access in China: Chinese official
ZHU Xiaohong, Counselor, Embassy of People’s Republic of China, said that the India should focus more on the '4Cs' -- compatibility, competitiveness, creativity and cooperation.
INDIA
Big-bang GST rate reduction unlikely for this fiscal year
In September, GST collections dropped sharply to a 19-month low of Rs 91,916 crore, mirroring a widening slowdown in the economy triggered by shrinking consumer demand.
BUSINESS
Ministry of Corporate Affairs begins inspection of HDIL's books of accounts
HDIL is at the centre of the crisis that hit Punjab and Maharashtra Cooperative (PMC) Bank as it had borrowed a substantial amount from the bank.
ECONOMY
Corporate tax rate cut: Higher PSU dividend payouts to help govt tide over fiscal slippage worries
The cut in corporation tax to an effective 25.17 percent is expected to boost profitability of PSEs and government-owned banks.
BUSINESS
Despite a looming threat of slippage, tax cuts may not upset fiscal math
The expected pick up in growth may help in meeting the fiscal deficit gap.
BUSINESS
Government announces new scheme worth Rs 50,000 crore to boost exports
The government also announced that a fully electronic refund scheme on input tax for exporters would be in place by end of September.
ECONOMY
Around 12-15 licences needed to start a hospitality venture: Report
The two major concerns of the hospitality and food services industries are prohibitive costs of starting a business and delays in obtaining licences and permits, the report said
