Economic Times

Average per capita income in last 4 years higher at nearly Rs 80,000

India's average per capita income in the last four financial years was higher at Rs 79,882 as compared to the preceding four fiscals, Parliament was informed.

Government may bring next draft of e-commerce policy in 10 days

The sellers highlighted the draft policy’s proposal to allow 49% FDI in inventory model as long as Indian goods are sold, which is currently banned.

Maharashtra sugar mills owe Rs 593 crore to farmers

Government is making efforts to persuade the sugar mills to clear the dues of farmers, the state sugar commissioner's office said.

India will need to tighten monetary policy to counter inflation: IMF

The Reserve Bank of India raised the repo rate for the second straight meeting last week by 25 basis points to 6.5 percent, while warning about the inflationary pressures.

IMF asks India to consider simpler GST rate structure

The GST is an indirect tax levied on the supply of goods and services in India.It came into effect on July 1, 2017.

Consumer goods, auto cos expect 10% growth in run-up to 2019 polls

Political parties are expected to rain largesse on potential voters, especially in key rural markets, boosting consumer demand in the hinterland, they said.

Government expects to save around Rs 10,000 crore on interest payments

The ‘just-in-time release’ of funds through a finance management platform has cut the amount of money floating in the system, which has resulted in interest savings.

Government may clip wings of wilful defaulters soon

In March, the govt had directed banks to seek passport details of borrowers taking loans of Rs 50 crore or more.

Lok Sabha approves Rs 11,698 cr additional expenditure

Responding to the five-hour debate, Finance Minister Piyush Goyal said "this government follows the kind of budget making where there is least deviation between the planned and actual estimates".

MCA issues 'preliminary notices' to 272 cos for non-compliance with CSR norms

Under the Companies Act, 2013, certain class of entities are required to spend at least two per cent of their three-year average net profit towards CSR activities.

SC refuses RBI plea to Allahabad HC hearing on Feb 12 circular

In a hearing held on Aug 2 in the Allahabad high court, the government recommended extension of the RBI circular deadline by another 180 days.

India never imposes development projects on any country: V K Singh

India has offered 262 concessional Lines of Credit (LOCs) amounting to USD 25.7 billion to 61 countries and it never imposes any developmental projects on any nation, Minister of State for External Affairs V K Singh said today.

Government appoints 2 new CBDT members

The Appointments Committee of the Cabinet has approved the appointment of Aditya Vikram and Pramod Chandra Mody as the CBDT members.

1.11 crore farmers register on e-NAM to sell produce online: Radha Mohan Singh

Singh said in the Lok Sabha that farmers wishing to join e-NAM platform need to register themselves on e-NAM portal and can sell their produce on e-NAM platform in any e-NAM mandi.

Panel suggests Passport Act amendment to prevent borrowers from fleeing out

Committee has suggested amendments in Passport Act under which a persons with “a very high amount of financial risk” would be asked to stay back if banks red flag any case

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