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.
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.
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.
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.
Read here the third list of 27 smart cities statewise.
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".
The government on Tuesday announced the names of 27 more cities that will be developed under the centre’s ‘Smart City Mission’.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Zee Media Bureau
New Delhi: Central government employees are hoping to get better allowances, after central government rejected their demand for higher basic 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.
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.
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.