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Policy-Economy-News-The Economic Times

Latest News on Indian Trade, Monetary and Industrial Policy. Also has news and analysis on Government Policy on Industries, Housing, Labour, Investment-Domestic and Foreign.

Last Build Date: Wed, 29 Mar 2017 10:41:38 GMT

Copyright: Copyright:(C)2017 Bennett Coleman & Co. Ltd,

GST rates will have no inflationary impact: Arun Jaitley

Wed, 29 Mar 2017 08:46:25 GMT

(image) Introducing four bills to give effect to GST, Jaitley said the legislations will have to be passed by Parliament and one by each of the state assemblies to turn India into one market with a single tax rate.

Government working on long term strategic plans for development

Wed, 29 Mar 2017 08:34:19 GMT

(image) Various sub-groups of Chief Ministers have already submitted reports relating to rationalisation of centrally- sponsored schemes, skill development and Swachh Bharat Abhiyan.

RBI to hold rates this year, may tighten in 2018: Goldman Sachs

Wed, 29 Mar 2017 08:16:42 GMT

(image) According to the global financial services major, inflation is likely to remain within the RBI's target range of 2-6 per cent.

Arun Jaitley says GST will benefit all: A look at India's biggest tax reform

Wed, 29 Mar 2017 07:40:19 GMT

(image) Speaking in the Lok Sabha, Jaitley said 12 meetings of the GST council were held to make it a process based on consensus and recommendations.

GST debate live: 7 hours allotted for landmark tax reform as Modi government eyes a July 1 launch

Wed, 29 Mar 2017 07:01:01 GMT

(image) For GST, 7 hours have been allotted for today's debate, with union minister Arun Jaitley putting his argument first for this reform.

ET GBS 2017: Let Chinese firms come in, don’t get hung up on small things, says economist Andy Xie

Wed, 29 Mar 2017 06:28:40 GMT

(image) It is all about getting capital, whoever can give it. India needs to be be practical and colour blind, says the Shanghai-based economist.

Amenities to employees outside CTC may trigger GST liability

Wed, 29 Mar 2017 06:16:25 GMT

(image) GST would be payable by the company if there is a supply to an employee of free goods and services over and above the CTC, which is a stipulated sum.

India's economic data not politically influenced: Arvind Subramanian

Wed, 29 Mar 2017 05:46:21 GMT

(image) Subramanian said India was seeking to improve its methodology, and its data should not draw the same scepticism with which some analysts treat China's economic data.

Lok Sabha takes up GST Bill today: 10 facts

Wed, 29 Mar 2017 05:18:07 GMT

(image) The Cabinet chaired by PM Modi approved the Central Goods and Services Tax Bill 2017 (The CGST Bill), the Integrated Goods and Services Tax Bill 2017 (The IGST Bill).

No relief to those who defaulted on 1st IDS installment: CBDT

Wed, 29 Mar 2017 05:15:52 GMT

(image) In cases where the amount did not get credited to the government exchequer due to banking issues, the CBDT said, a declarant had "absolutely no control."

Landmark tax change a 'huge implementation challenge' for India

Wed, 29 Mar 2017 05:01:49 GMT

(image) "It’s a massive tax change, administrative change at the center and the states, lots of procedures, processes, new forms, so there’s a huge implementation challenge," Subramanian said.

ET GBS 2017: Modi and Trump both pro-growth, pro-business leaders, say experts

Wed, 29 Mar 2017 00:41:42 GMT

(image) Dick Cheney said that both Modi and Trump have similar interests at heart and a personal rapport would be very important.

ET GBS 2017: In manufacturing, it’s important to ensure quality to gain an edge over China

Tue, 28 Mar 2017 19:36:56 GMT

(image) While India is poised to ride the next wave of manufacturing, the country must identify the specific sub-sectors to gain the economies of scope and scale.

NITI Aayog may seek closure of seven more sick CPSEs

Tue, 28 Mar 2017 19:31:36 GMT

(image) The Aayog had earlier identified 26 sick central public sector enterprises (CPSEs) for closure, of which 7 received cabinet nod.

ET GBS 2017: Modi govt targets 25 billion digital transactions in next financial year

Tue, 28 Mar 2017 19:25:06 GMT

(image) As the govt grapples with issues to take cashless payments to the masses, some are concerned about security and privacy issues.