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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: Sun, 04 Dec 2016 08:19:46 GMT

Copyright: Copyright:(C)2016 Bennett Coleman & Co. Ltd,

Government unlikely to implement DBT in kerosene

Sun, 04 Dec 2016 06:01:27 GMT

(image) "Savings on account of the direct benefit transfer (DBT) to be made by sending subsidy into bank accounts will not be commensurate with the cost involved."

No consensus at GST Council, next meet on December 11-12

Sat, 03 Dec 2016 18:00:32 GMT

(image) The Council will also have to approve a law detailing compensation to states for loss of revenue in the first five years of the rollout and Integrated GST.

Interest, tax rates to go down post demonetisation: Arjun Ram Meghwal

Sat, 03 Dec 2016 16:28:51 GMT

(image) The minister was speaking at a conference of Laghu Udhyog Bharti, in which industrialists of Jammu region participated to discuss issue of GST regime

Workers to get wages through bank a/cs, cheques: Bandaru Dattatreya

Sat, 03 Dec 2016 15:25:33 GMT

(image) The Union Minister said his ministry has organised 45,000 camps and opened 10,35,000 accounts.

5 hurdles to PM Modi's push for cashless economy

Sat, 03 Dec 2016 12:11:40 GMT

(image) While India's internet users surpass the US, smartphone ownership and internet penetration remain low. As many as 68% of transactions are done in cash.

Shift to digital payments will help economy grow: Arun Jaitley

Fri, 02 Dec 2016 18:58:57 GMT

(image) FM Arun Jaitley said as per Constitution, GST will have to be in place no later than September 16 next year.

RBI to announce monetary policy decision on Wednesday

Fri, 02 Dec 2016 17:07:19 GMT

(image) "The Monetary Policy Committee (MPC) will meet on December 6 and 7, 2016 for the Fifth Bi-monthly Monetary Policy Statement for 2016-17.

Consensus eludes Day 1 of GST Council meeting

Fri, 02 Dec 2016 15:26:50 GMT

(image) The fifth meeting of the GST Council, headed by Union Finance Minister Arun Jaitley will also deliberate on impact of demonetisation on revenue.

RBI monitoring currency requirment and printing accordingly: Finance ministry

Fri, 02 Dec 2016 14:27:15 GMT

(image) The RBI monitors the requirement of notes on a regular basis and places the indent on the printing presses accordingly, said FM.

Government approves revised package of incentives for industry in the Nort-East

Fri, 02 Dec 2016 14:20:58 GMT

(image) All subsidies will be paid through direct benefit transfer for which all industrial units will have to get registered on the e-payment portal.

Constitutional compulsion to roll out GST from Sept next: FM

Fri, 02 Dec 2016 12:32:05 GMT

(image) He made a pitch for widening the tax base, saying efforts are on to make taxation process far simpler and make rates more reasonable.

Demonetisation unusual, gains not clear: Nobel winner Paul Krugman

Fri, 02 Dec 2016 11:33:05 GMT

(image) "There is really a good case that high-value notes are a bad thing in a modern economy and serves no legitimate purpose," Krugman said.

Remove cap on cash withdrawal for industries: Assocham

Fri, 02 Dec 2016 11:00:49 GMT

(image) Urging the govt to consider lifting the cash withdrawal limit for corporate firms, Assocham said there is no scope of misuse as these transactions are properly recorded and audited.

Early Budget to accelerate implementation of public projects: Arjun Ram Meghwal

Fri, 02 Dec 2016 10:11:47 GMT

(image) Minister of State for Finance Arjun Ram Meghwal said that the government has considered the various aspects relating to advancing the date of the presentation.

No proposal to cut import duty on gold: Government

Fri, 02 Dec 2016 10:03:35 GMT

(image) "There is no such proposal under consideration at present," Minister of State for Finance Santosh Kumar Gangwar said in a written reply to the Lok Sabha.