ECONOMY
GST: Affordable housing may have multiple definitions to reflect prevailing property prices across states
Council to consider changes after Lok Sabha elections. Some states such as Maharashtra, Delhi and Gujarat wanted the price cap to be raised from Rs 45 lakhs, given property were costlier in these regions
ECONOMY
Finance minister Arun Jaitley says that the government will stick to the fiscal glide path if voted back to power
As per the current medium-term fiscal policy, which is part of the 2019-20 interim budget, the fiscal deficit target for 2019-20 is 3.4 per cent, and 3 per cent for both 2020-21 and 2021-22
BUSINESS
SC verdict on RBI Feb 12 circular: Power Secy sees scope for better resolution of stressed assets
The February 12 circular had asked lenders to institute a board approved policy for the resolution of stressed assets
POLICY
Old debt restructuring schemes like S4A may be brought back: Govt official
"Supreme Court order on RBI's circular does not limit govt powers to give directions to PSU (public-sector undertaking) banks in resolving NPAs (non-performing assets)," the official said.
BUSINESS
Govt to borrow Rs 4.42 lakh crore via G-Secs in H1 FY20
DEA Secretary Subhash Chandra Garg said government will introduce a new seven-year benchmark paper in FY20
INDIA
Government launches blockchain-based marketplace for coffee trading
The blockchain technology is expected to reduce the number of layers between coffee growers and buyers and help farmers double their income.
ECONOMY
Cautious finance ministry takes careful steps to avoid EC ire
The government had scheduled a press conference to announce the H1 borrowing calendar for FY 20, but cancelled it at the last moment because of the model code of conduct
ECONOMY
Industrial policy back to drawing board as disagreements persist
The industrial policy, which was billed as a comprehensive rule book aimed to turn India into a friendlier business destination, was initially set for launch last year
BUSINESS
Fintech companies can help financial inclusion: RBI Governor Shaktikanta Das
Das will also be meeting the heads of payments bank later this week to understand their issues and concerns.
BUSINESS
Naveen Jindal expects steel demand to pick up on global cues
On being asked if Jindal Steel and Power is looking for acquisitions, he said he is not interested in any company at the moment.
BUSINESS
PMO, FinMin and SBI in a huddle as Jet Airways hits deep air pocket
"Banks are trying to work out a way to revive Jet Airways through a change in management," said a top official on condition of anonymity.
BUSINESS
GST Council approves transition plan for new tax rates for real estate sector
Revenue Secretary Ajay Bhushan Pandey said the time limit for transition to new rates will be discussed with states.
ECONOMY
FY19 direct tax collections may fall short of Rs 12 lakh crore target
The government was expecting that a higher-than-estimated direct tax mop up will offset the shortfall in its indirect tax collections
ECONOMY
Can builders claim ITC for material bought before April 1? GST council to clarify next week
GST council will meet on March 19 to finalise guidelines and rules on lower rates on under construction houses that will come into force from April 1, but without input tax credit benefits
