U.S. tax cuts forcing others to respond
The recent U.S. tax cuts and reforms are exerting a lot of pressure globally.
Rs. 370 cr. for Border infrastructure
Laying emphasis on building infrastructure along the Indo¬-Pak and Sino¬-India borders, the government has sanctioned nearly Rs 370 crore to the BSF and the ITBP for construction of bunkers and special climate¬-controlled huts in forward areas, an official said.
Budget expected to focus on direct taxes
According to the analysis, Budget 2018 could have several positive changes on the direct tax side, as any major change is unlikely in indirect taxes.
India acts to stub out tobacco industry rights
The Indian government is pushing the Supreme Court to apply a rarely used doctrine that would strip the $11 billion tobacco industry’s legal right to trade, an effort aimed at deterring tobacco companies from challenging tough new regulations.
Skill development seeking special support
The skill development with its poor employment generation being a major concern is keen to have adequate allocation from the Budget.
Economic Survey out : Economy is set to grow 7-7.5%
The pre-Budget Economic Survey tabled in parliament predicts that India’s GDP growth will accelerate from 6.75% this year to 7-7.5% in 2019.
‘Climate change may hit farm income’
The Economic Survey 2017-18, said farmer income losses from climate change could be between 15% and 18% on an average, rising to anywhere between 20%-25% in unirrigated areas of the country.
Renewable sector seek policy boost
Renewable sector players submitted that there are a number of policy decisions related to import duties and domestic manufacturing, which, if taken, could further boost the sector.
Bad loans shrink from record peak
India’s stock of soured bank loans shrank slightly in the quarter to September last year.
Centre relaxes Atal pension plan norms
The Centre would now allow small finance banks and payment banks to offer the Atal Pension Yojana (APY), which is expected to significantly increase the coverage of the scheme.