Economy News

Mahanadi tribunal gets Central nod

The Union Cabinet approved the setting up of a tribunal to settle a row between Odisha and Chhattisgarh on sharing the waters of the Mahanadi river.

posted by Jawwad Kazi 21st Feb 2018

Consider privatising PSBs: FICCI

Industry body FICCI has called for privatisation of public sector banks (PSBs) saying that recapitalisation had little effect on the health of banks.

posted by Jawwad Kazi 20th Feb 2018

DMIC attracting interest from foreign firms

The mega infrastructure project of Delhi-Mumbai Industrial Corridor (DMIC) has attracted interest from companies based out of Canada, the U.S., Singapore and Taiwan.

posted by Jawwad Kazi 20th Feb 2018

Exempt incubators from tax, import duty

According to the joint report of Ministry body, ficci and Yes bank, in order to encourage long¬-term growth of start¬ups in the food sector, the government could consider exempting incubators from taxes and customs duty levied on the goods they import.

posted by Jawwad Kazi 10th Feb 2018

Direct tax collections up to Jan. grew 19.3%

According to official data released, net direct tax collections up to January 2018 grew 19.3% to Rs6.95 lakh crore compared with the same period of the previous financial year.

posted by Jawwad Kazi 10th Feb 2018