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Cabinet to consider presenting Budget for 2017-18 on February 1 Cabinet to consider presenting Budget for 2017-18 on February 1

The Union Cabinet is likely to consider proposal to advance the Union Budget to February 1. It is expected that after the Cabinet's decision on Wednesday, the Cabinet Committee on Political Affairs would take final decision on the exact date for the session.

Govt reviews impact of trade pacts on economy, employment Govt reviews impact of trade pacts on economy, employment

The government on Tuesday reviewed the impact of free trade agreements (FTAs) on the domestic economy and employment generation amid concerns that these pacts may be helping trading partners more than India.

Cabinet approval for merger of Rail Budget with Union Budget likely tomorrow Cabinet approval for merger of Rail Budget with Union Budget likely tomorrow

The decision for the merger of Railway Budget with the General Budget is likely to get the official seal at the Union Cabinet meeting which is slated for Wednesday.

Govt procures 3,273 tonnes of moong at MSP plus bonus rate Govt procures 3,273 tonnes of moong at MSP plus bonus rate

Government has so far procured 3,273 tonnes of kharif moong directly from farmers at the support price plus bonus rate to protect the interest of growers.

Must Read: Third list of 27 new smart cities statewise Must Read: Third list of 27 new smart cities statewise

Read here the third list of 27 smart cities statewise.

 

India's rating upgrade in 2 years if reforms tangible: Moody's India's rating upgrade in 2 years if reforms tangible: Moody's

Calling the reform process slow and gradual with muted private investment and NPAs posing a challenge, Moody's today said it could upgrade India's rating in 1-2 years if it is convinced that reforms are "tangible".

Third list of 27 new smart cities announced; Amritsar tops followed by Kalyan, Ujjain Third list of 27 new smart cities announced; Amritsar tops followed by Kalyan, Ujjain

The government on Tuesday announced the names of 27 more cities that will be developed under the centre’s ‘Smart City Mission’.

India set to buy Iran oil for emergency reserves India set to buy Iran oil for emergency reserves

India is set to buy 6 million barrels of Iranian crude for its strategic oil reserves as negotiations with the United Arab Emirates` national oil company for supplies are stuck over commercial terms, industry sources said.

'Reforms to boost growth; banking risks constraint rating' 'Reforms to boost growth; banking risks constraint rating'

Moody's Investors Service on Tuesday said the reforms undertaken by the government will help boost investor confidence and bolster growth potential, but cautioned muted private investment and banking sector risks will remain a constraint on India's sovereign rating.

Finance Ministry to pitch for ratings upgrade with Moody's

The Finance Ministry will pitch for the country's rating upgrade with global agency Moody's on Wednesday, highlighting increased pace of reforms including the GST, declining inflation and improvement in fiscal as well as current account deficit situation.

7th Pay Commission to help revive investment activity in India: D&B 7th Pay Commission to help revive investment activity in India: D&B

Investment cycle is likely to see an improvement in medium-term largely driven by improved rural income due to normal monsoon and rise in consumption owing to the 7th Pay Commission awards, says a report.

Honouring honest taxpayers to help change people's attitude: Arun Jaitley Honouring honest taxpayers to help change people's attitude: Arun Jaitley

Finance Minister Arun Jaitley Monday said paying taxes in due time is the responsibility of every citizen and honouring honest taxpayers would bring in much needed change in people's attitude regarding tax payment.

India to clock 8% growth over next few years: S&P India to clock 8% growth over next few years: S&P

Backed by broadening of domestic consumption base, S&P Global Ratings Monday projected India to clock a "steroid-free" growth of 8 percent over the next few years.

GST: Clarification likely on Centre's power to levy excise GST: Clarification likely on Centre's power to levy excise

The revenue department is likely to issue clarification on legality of levying excise duty by the Centre on various commodities till implementation of goods and services tax (GST) from April 1, 2017.

GSTN under examination; Centre to hold majority stake GSTN under examination; Centre to hold majority stake

The composition of Goods and Services Tax Network (GSTN), a private company tasked to create Information Technology infrastructure for GST, is under examination to give to the Centre majority stake in it.

'India to see gradual growth, RBI to be on easing path' 'India to see gradual growth, RBI to be on easing path'

Emerging market growth is expected to improve to 4.7 percent in 2017 from 4 percent this year as more economies, including India, will transition towards gradual recovery, says a Morgan Stanley report.

7th Pay Commission: Finance Secretary led panel on allowances for central government employees likely to submit report soon 7th Pay Commission: Finance Secretary led panel on allowances for central government employees likely to submit report soon

Zee Media Bureau

New Delhi: Central government employees are hoping to get better allowances, after central government rejected their demand for higher basic pay.

7th Pay Commission: Indian soldiers to get new salaries in September pay 7th Pay Commission: Indian soldiers to get new salaries in September pay

Satisfied with assurances by Defence Minister Manohar Parrikar, Chairman of the Chiefs of Staff Committee (CoSC) Air Chief Marshal Arup Raha has issued directions to all service headquarters asking them to issue orders for implementation of the 7th Pay Commission.

 Centre mulling to 'advance' Winter session for early GST roll out Centre mulling to 'advance' Winter session for early GST roll out

In a bid to roll out the crucial Goods and Services Tax (GST) from April 1 next year, the Modi government is considering to prepone the Winter session of Parliament to pass the CGST and IGST bills, and pave way for implementation of the new sales tax regime.

Highway across nations: India approves $1 billion connectivity project Highway across nations: India approves $1 billion connectivity project

India has approved an ambitious $1.04-billion project for constructing and upgrading 558 km of roads to link it with Bangladesh, Bhutan and Nepal and ease the movement of passengers and cargo, as part of the larger effort to increase intra-regional trade by 60 per cent.