IT exports to grow 7-9% in FY19
According to a recent key projection by Nasscom for 2018¬-19, exports of Indian IT industry will grow 7¬.9%.
Government clears new rail and road projects
The government approved several railway projects, including a 130 km long Jeypore¬Malkangiri project and another 425 km¬long Jhansi¬-Manikpur and Bhimsen-¬Khairar line doubling-cum-¬electrification projects .
Coal mining open for private sector
The Cabinet Committee on Economic Affairs approved the methodology for auction of coal mines/blocks for sale of the commodity.
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.
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.
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.
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.
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.
Auto policy will fix tax issues
The Centre is working on a new “foolproof” policy for the automobile sector to address issues raised by the industry, particularly related to tax rates.
Ujjwala Yojana to benefit eight crore women now
The Union Cabinet on Wednesday approved the increase in the target for the Pradhan Mantri Ujjwala Yojana, meant to provide cooking ¬gas connections to rural women, to eight crore from the earlier five crore.