Category: Economy

Rising oil prices: Import bill may rise up to $50 bn

DEA secy says high oil prices to impact current account deficit but not growth or fiscal deficit. The finance ministry on Friday said rising crude oil prices could drive up…

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Govt appoints new DIPAM secretary

Chakraborty, currently director general of hydrocarbons in the petroleum ministry, will fill the vacancy in the DIPAM after superannuation of Neeraj Kumar Gupta on April 30. The Centre on Friday…

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GST adaptation under lens: Rajasthan depts deduct TDS from contractors, unlawfully

Drawing and disbursing officers have been deducting TDS, especially in case of works contracts. In what could bring the state governments’ adaptation to the goods and services tax (GST) into…

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Liquidated damages proceeds to attract 18% GST, says AAR

Tax experts said the ruling would hurt contractors, especially those engaged in supplying exempted services and may lead to litigation. Mumbai-based Authority of Advanced Ruling (AAR) for the goods and…

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India Corruption Study: 75% households feel corruption went up, 27% say paid bribe, says survey

Seventy five per cent households across 13 states feel that the level of corruption has increased or remained the same during the last one year, while 27 per cent confessed…

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‘Amaravati Bonds’: Andhra Pradesh Capital Region Development Authority to raise Rs 2000 cr

CRDA Commissioner Ch Sreedhar, the release said, informed Chief Minister N Chandrababu Naidu at a review meeting here today that they were expecting a rating of A or A+ for…

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Currency situation normal, all ATMs functioning well says Economic Affairs Secretary SC Garg

The currency situation is completely normal and ATMs are working well across the country, Economic Affairs Secretary S C Garg said today. (Representative photo) The currency situation is completely normal…

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After Karnataka loss, Congress governs only 3.2% of India’s GDP; here’s how much Modi’s BJP controls

Meanwhile, the political turmoil has escalated further between BJP, Congress and JD(S) in Karnataka. (Photos from PTI) The Indian National Congress, which in 2014 governed over 16 percent of India’s…

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Affordable housing: Maharashtra govt may partner landowners

The state government, through the Maharashtra Housing and Area Development Authority, will either acquire land or jointly develop it along with landowners. The Maharashtra government is planning to get into…

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Jharkhand buys Reliance Power’s Tilaiya plant for Rs 113 crore

The company, which was awarded the project in 2009, would also get back bank guarantees of Rs 600 crore, sources said. Dealing another blow to the government’s 2005 initiative of…

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