Policy

The government may tweak income tax slabs and rates in the upcoming Budget 2018, though it will not make any changes in the current taxation of dividends, a survey by EY has revealed.   The tax...
Jan 22, 2018
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The government will most likely announce incentives to provide stimulus to job creation.   The issue of job creation is one of the focus areas of the government.   The government has been...
Jan 19, 2018
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The department of telecommunications (DoT) might reduce licence fees, spectrum user charges and other charges in the new telecom policy (NTP) to attract investments in the sector, a top official...
Jan 19, 2018
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ICRA’s pre-Budget report has stated that the Budget should provide several policy measures to give a stimulus to the troubled agricultural sector, which in turn would help the cash-starved...
Jan 19, 2018
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In its pre-Budget wish list, the stainless steel industry has appealed to the government to do away with import duty on ferro-nickel and stainless steel scrap.   "The government had removed...
Jan 17, 2018
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Economists and sectoral experts have asked the government to fix agricultural issues, generate jobs, and focus on fiscal consolidation. At a pre-Budget meeting with Prime Minister Narendra Modi,...
Jan 11, 2018
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Economic Affairs Secretary Subhash Chandra Garg stressed that attempts to create scare regarding the bail-in provision in the FRDI Bill were totally unfounded. 70% of deposits are in public sector...
Jan 04, 2018
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The GST Council has approved the roll-out of inter-state e-way bill from 1 February 2018.   The Council said that the nationwide e-way bill system will be ready to be rolled out on a trial...
Dec 18, 2017
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With major states going to polls in 2018 , India Inc will have to factor in political realities weighing on economic decisions of the government, including in the forthcoming Budget, Assocham said...
Dec 18, 2017
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The Monetary Policy Committee (MPC) of the Reserve Bank of India has kept the interest rate unchanged in its fifth bi-monthly policy statement of this fiscal year.   "On the basis of an...
Dec 06, 2017
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The Monetary Policy Committee (MPC) is unlikely to change interest rates in its fifth bi-monthly policy statement, scheduled on December 6, said an ET Poll conducted among 20 market participants...
Dec 04, 2017
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Commerce and Industry Minister Suresh Prabhu has said that a new industrial policy revamping the Industrial Policy of 1991 will be released next year. A draft of the proposed policy has been...
Nov 28, 2017
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The Central Board of Direct Taxes (CBDT) has asked the income tax (I-T) officials to impose higher tax rate on the revised returns filed after note ban, where the instances of black money is...
Nov 27, 2017
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Clearly defined market segmentation is crucial to understanding the potential of domestic goods and services. Taking cue from this strategy, the commerce and industry ministry is reportedly working...
Nov 24, 2017
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The Government of India, on Wednesday, constituted a task force to draft a new direct tax law, which will replace the existing Income Tax Act.   The prevailing income tax law has been in force...
Nov 23, 2017
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The Union Cabinet, on Wednesday, gave its approval to the amend the insolvency and bankruptcy code (IBC).   The new law will prevent promoters of bankrupt firms or who have a history of fraud...
Nov 22, 2017
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The Government of India may put on hold several reforms in a bid to wrest a slew of state polls and 2019 parliamentary polls.    According to a Bloomberg report, several government officials...
Nov 16, 2017
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The GST Council slashed tax rates of 200 items in its Friday meeting.    However, it may further rationalise the indirect tax, depending on revenue buoyancy, said Finance Minister Arun Jaitley...
Nov 14, 2017
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The government will put in more money in public sector banks to strengthen the banking system and catalyse economic growth, Finance Minister Arun Jaitley said on Sunday.    He was speaking to...
Nov 13, 2017
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Insurance Regulatory and Development Authority of India (IRDAI), on Wednesday, said linking insurance policies with Aadhaar is mandatory and asked insurers to comply with the statutory norms...
Nov 09, 2017
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The Telecom Ministry is expected to finalise the new national telecom policy by February next year. Telecom Minister Manoj Sinha stated that high-level committee is working on it to finalise the...
Nov 08, 2017
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The index of eight core industries has expanded at its fastest pace so far this fiscal, suggesting that the impact of GST rollout may be wearing off. As per official data, the eight core industries...
Nov 01, 2017
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The government has set an FDI target of $100 billion in the tourism sector and aims to generate up to 100 million jobs over the next five years.  “Tourism industry has a multiplier effect on the...
Oct 24, 2017
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The Reserve Bank of India (RBI) has introduced stricter Know Your Customer (KYC) norms for wallet users.   The wallet users have been asked to comply with the full KYC format by the end of this...
Oct 12, 2017
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India has plans to woo foreign investors to $300 billion worth of investment opportunities in energy projects over the next decade, Oil Minister Dharmendra Pradhan said on Tuesday. India, which...
Oct 11, 2017
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The credit rating agency SMERA has welcomed the relief measures announced by the GST Council on October 6. The announcements will go a long way in providing relief to a large number of micro small...
Oct 11, 2017
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The Government of India is working on to overhaul its half-century-old direct tax laws.    The bill seeks to increase the share of direct tax collections from the lowest in a decade.   It...
Oct 10, 2017
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Revenue Secretary Hasmukh Adhia has said the Government of India will clear pending GST refunds of exporters by end of next month.   As per him, the GST Council has decided to revert to the pre...
Oct 09, 2017
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The six-member monetary policy committee (MPC) has kept repo rate unchanged at 6 per cent.   At its previous meeting in August, the RBI had lowered the repo rate by 25 basis points to a seven-...
Oct 04, 2017
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There is a possibility of a further rise in retail inflation, which may stop the Reserve Bank of India (RBI) from slashing the policy repo rate in the upcoming monetary policy review, said a rating...
Sep 29, 2017
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In a bid to improve corporate governance standards, the Ministry of Corporate Affairs has disqualified another two lakh directors, who were helming positions in the defaulting companies.  ...
Sep 25, 2017
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The Securities and Exchange Board of India (Sebi) on Thursday gave its go ahead for the integration of stock and commodity brokers.   The move will aimed to enable doing businesses in the...
Sep 22, 2017
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The Prime Minister’s Office (PMO) has asked income tax department to begin action against all black money deposited in banks during the demonetisation period.    I-T department was given...
Sep 06, 2017
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Former RBI governor Raghuram Rajan says he had warned the government of demonetisation move.    As per him, there were other better ways to achieve the objective.   Rajan, who helmed the...
Sep 05, 2017
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The Income Tax department will work towards broadening of tax base and maximising e-assessment to cut down on human interface, an official statement said.    The effort by CBDT will also be to...
Sep 05, 2017
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The GST Council would look into the issue of lowering tax structure on government projects, Union Finance Minister Arun Jaitley told K C Rao, the Telangana chief minister.   Rao received...
Sep 04, 2017
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The Government of India has provided exemptions from scrutiny to the consolidation exercise of public sector banks.    The scrutiny exemption by the competent authority encompasses all cases of...
Aug 31, 2017
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The Union Cabinet on Wednesday gives its go ahead to the promulgation of an ordinance to increase cess on cars under the new GST regime.    The mid-sized, large cars and luxury cars have become...
Aug 31, 2017
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The Ministry of Commerce & Industry ministry is working on to frame a new industrial policy, and has floated papers to get the views of stakeholders in this regard.   The aim of the new...
Aug 30, 2017
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The Government of India is unlikely to change April-March financial year to January-December.    Instead, it is mulling if the presentation date of Budget could advanced further by a fortnight...
Aug 29, 2017
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The Securities and Exchange Board of India (Sebi) mulls bringing in rules to help merge mutual fund schemes in the same investment categories.   In simple terms, if a mutual fund has two large-...
Aug 28, 2017
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The Reserve Bank of India has announced that it will introduce bank notes in denomination of Rs 200 from Friday.    These notes will be available at selected RBI offices and banks, said the...
Aug 25, 2017
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The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given in-principle approval for public sector banks to amalgamate through an alternative mechanism (AM).    The decision...
Aug 24, 2017
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Reserve Bank of India (RBI) will introduce Rs 200 currency note starting September.   The central bank is issuing this note for the first time in history, which is aimed to tackle the illegal...
Aug 23, 2017
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The valuations of VNR Infrastructures and Innoventive Industries have come out to just about 10 per cent of the total loan amounts.   This has raised questions if Reserve Bank of India's 50 per...
Aug 23, 2017
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The Government of India has approved a scheme to refund central goods and services tax ( CGST) to industrial units in Himachal Pradesh, Uttarakhand, Jammu & Kashmir and the North-East till 2027...
Aug 17, 2017
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Investing in mutual funds made easy! If you wish to invest in mutual funds, you don't need to open laptop/computer or visit any mutual fund branch to do the formalities. Now, you can do it via...
Aug 16, 2017
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The NDA government led by Prime Minister Narendra Modi may shun any major reform in the remainder of its term, and vie to make public achievements of his government in order to emerge more people-...
Aug 14, 2017
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Credit rating agency ICRA is of the view that the Monetary Policy Committee (MPC) would reduce the repo rate by 25 basis points (bps) at its upcoming policy review in August 2017.   ICRA also...
Jul 26, 2017
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The government is planning to create a new agency, National Financial Reporting Authority (NFRA), to look into the regulatory affairs of the chartered accountants (CAs).   Institute of...
Jul 24, 2017
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