Economy

Department of Telecom (DoT) has created an investment facilitation centre for a sector which is under severe financial stress with debt of nearly Rs5 lakh crore and falling returns. According to a notice on the department’s website Tuesday, K.K. Sahara, Director (IP) and Manish Shukla, ADET (IP), will be in charge of the cell.This move […]

Government today said it has cleared the widening and upgradation of a national highway stretch from Imphal to Myanmar border that will eventually go up to Thailand and Malaysia under an Asian Highway project. The 65 km Imphal-Moreh stretch in Manipur on NH 39 is part of the project to connect India with Southeast Asian […]

After abolishing border checkposts, the government is working on unclogging toll gates to speed up freight transportation. Movement of freight by road has become faster with the removal of border checkposts as part of the goods and services tax (GST) rollout exercise. Goods-laden trucks now log an average 325 km every day compared with 200 […]

Prime Minister Narendra Modi on Thursday asserted that GST was by far the biggest business and economic reform of India and that the country was moving towards the modern tax regime, which was transparent, stable and predictable. “We have resolved a number of regulatory and policy issues facing businesses and companies. We have worked very […]

India’s economic growth outlook has improved as impact of demonetisation is fading and some key reforms are paying off, but concerns are growing on corporate debt and banking system vulnerabilities, the IMF said Wednesday. In its ‘Surveillance Note’ prepared for the G20 leaders ahead of their two-day summit on July 7-8 in Hamburg, Germany, the […]

India and Israel today launched a five-year technology fund, reminiscent of a fund that boosted the Jewish states ties with US over four decades, and agreed to holds talks for an investment protection treaty in a bid to boost trade and business ties. A joint statement, issued during Prime Minister Narendra Modis unprecedented visit to […]

Providing relief to SEZs, the government has exempted goods imported by units or developers of special economic zones from integrated goods and services tax (IGST). “The central government…hereby exempts all goods imported by a unit or a developer in the Special Economic Zone (SEZ) for authorised operations, from the whole of the integrated tax leviable […]

Chief Executive Officer (CEO) of NITI Aayog Amitabh Kant on Saturday sought the cooperation of the State Government for development of the proposed coastal economic zone (CEZ) between Paradip and Dhamra. With the Centre planning to develop Paradip-Dhamra cluster as one of the coastal economic zones under Sagarmala programme, a high-level delegation of NITI Aayog, […]

First quarter of FY18 saw announcement of 1,926 new projects entailing a total investment of Rs 2,90,426 crore (approx USD 45 billion). This indicates a growth of 32 percent on Q-o-Q basis. Fresh investment from the public sector shot up by 50 percent and that of the private sector increased by six percent. Sector-wise, barring […]