The Centre's CAPEX is budgeted at Rs 4.13 lakh crore for FY21. On October 12, the finance ministry announced an additional budget of Rs 25,000 crore.
The railways has turned to private players to redevelop stations and wants to bid out at least 50 stations by March 2021. How will the plan work out and what about the user charge that is facing opposition? IRSDC MD and CEO Sanjeev Kumar Lohia answers these questions and more
Under this LTC Cash Voucher Scheme, government employees can opt to receive cash amounting to leave encashment, plus three times ticket fare, to buy items which attract a GST of 12 percent or more.
The money so received by employees cannot be withdrawn in cash.
"This will demonstrate to the world that we are a trusted partner or trusted supplier, someone that you can engage with and enjoy the benefits, the spirit of success, the spirit of fighting adversity," Goyal noted.
The Cellular Operators Association of India (COAI) -- whose members include Reliance Jio, Bharti Airtel, Vodafone Idea, etc -- is doing regular follow-up on promises made by the government in National Digital Communications Policy (NDCP), 2018, COAI Director General S P Kochhar told PTI.
The economy may currently be mired in a deep recession, but the RBI surveys show a revival of confidence and animal spirits
The upcoming five-year plan is the 14th since the communist party took charge of China. Running from 2021 to 2025, it will feature economic growth targets and objectives such as deepening reforms and innovation-speared development
According to the depositories data, overseas investors pumped in a net Rs 5,245 crore into equities and withdrew Rs 4,159 crore from the debt market during October 1-9.
The International Monetary Fund and the World Bank meetings, which are usually held in Washington, will this year be held primarily in a virtual format on October 12-18.
The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue of funding the shortfall of Goods and Services Tax (GST) revenue of states.
The NGTA, according to the RBI, would be a web-based application providing scalability, maneuverability and flexibility to introduce new products and securities, besides supporting multi-currency transactions and settlements.
Asserting that collaboration in the agriculture sector is one of the main "glues" that bind the Indo-Israel partnership, Malka said the new farm laws can further deepen ties as India can adopt Israel''s technology of using digital platforms to connect farmers directly with consumers.
The ministry wants IOC and other public sector undertakings (PSUs) under its administrative control such as Hindustan Petroleum Corp Ltd (HPCL), Bharat Petroleum Corp Ltd (BPCL), GAIL India Ltd and Oil and Natural Gas Corp (ONGC) to build the housing units on the land they have, three officials who attended a meeting on the subject said.
It said while formalising its support strategy for the industry in the next phase, the government could also consider suspending GST payments for select sectors during the COVID-19 period.
"One year revenue (for 41 coal mines with 225.53 peak rated capacity) is calculated and comprises revenue share at four per cent i.e the floor price, royalty, NMET, DMF....calculated at peak rated capacity (PRC) considering representative price of average grade of the coal mine," he said.
Distribution companies (discoms) owed a total of Rs 96,963 crore to power generation firms in August 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators).
Cargo volumes at these 12 major ports under the control of the Centre that had handled 348.23 MT during April-September of the last fiscal has declined for the sixth straight month in September 2020.
This MPC policy is a continuation of its liquidity management and risk management framework.
Indications are that if inflation behaves, as the central bank expects, a 25 bps cut in rates is on the cards in December 2020 or February 2021.
Most projects completed in the September quarter were in the infrastructure sector. Government projects made up more than 60 percent of all commissioned projects for the third straight quarter. The lingering lack of demand could keep the private sector's aggressive investment in CapEx away, despite logistical hurdles reducing.
In an affidavit filed in the apex court in the loan moratorium case, the RBI has said that a long moratorium period could impact credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments.
Even without cutting rates, MPC members have done all they could to keep market rates low
To aid and sustain the economic revival, various measures have been announced by the MPC while promising to maintain the accommodative stance for the current financial year and into the next year.
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