Economy News

21

Jan'18

Government launches bid for 55 oil and gas blocks invited under OALP

Government launches bid for 55 oil and gas blocks invited under OALP The government has initiated auction procedures for 55 …

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21

Jan'18

Government cut downs additional borrowing target

The Finance Ministry announced that the government will cut down the earlier announced additional borrowing from Rs. 50000 crores to …

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21

Jan'18

Air India will be divided into four separate companies for disinvestment

Union Minister of State for Civil Aviation, Jayant Sinha revealed that the government will split government owned Air India into …

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21

Jan'18

The government may not eliminate MAT for SEZ Units

Though a Committee for SEZ that constituted to review the Minimum Alternative Tax on SEZ units recommended for its abolition, …

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21

Jan'18

Virtual ID for Aadhaar

The UIDAI released the concept of a temporary, 16-digit Virtual ID (VID) that can be used by Aadhaar card holders …

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21

Jan'18

E-Way Bills to be mandatory from February 1 onwards

The GSTN statement indicated that e-way bills will be made mandatory from February 1, 2018 onwards. Already four states – …

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21

Jan'18

Tax Department attaches Benami properties worth over Rs 3500 crores

The Income Tax Department has attached Benami properties from 900 cases worth over Rs 3500 crores.  This is the biggest …

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21

Jan'18

Government relaxes disinvestment conditions for Air India stake sale

The central government has broadened investor participation norms for the much-anticipated disinvestment of Air India to attract foreign investors. As …

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21

Jan'18

FDI Policy Change 10th January 2018

In a fresh round of FDI liberalisation, the government has made FDI in several sectors including single brand retail under …

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21

Jan'18

India can continue with food subsidy for public stockholding purposes

India can continue with food subsidy for public stockholding purposes Trade and Commerce Minister Suresh Prabu in a written reply …

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