Economy – Feedback

Economy

State-run lenders such as State Bank of India (SBI), Punjab National Bank (PNB) and Bank of Baroda (BoB) may be included in the new exchange traded fund (ETF) the government is setting up. Senior finance ministry official said large banks could be in the basket of stocks, making the ETF offer more attractive. “We are […]

Intellectual Property Rights remains to be one of the top bilateral trade issues between India and the US even as India became the ninth single country trading partner for the US in 2016, an official US report said today. India remained on the priority watch list in 2016 due to a lack of measurable improvement […]

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 […]