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Policy

Aug 20, 2019, 07.22 AM IST
The Economic Times
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Stock Analysis, IPO, Mutual Funds, Bonds & More
Aadhaar to ensure farmers, not middlemen, get benefits

Government to begin a pilot project in four districts of Odisha this kharif harvest.

Task force on direct taxes: Panel for review of tax brackets, surcharges

Moots startup-friendly and less-complicated regime for businesses, revamp of I-T Act.

Agricultural, rural labour CPI base year to be revised to 2019-20

The new index will take into account significant change in the consumption basket over the past three decades.

Expert panel submits report on replacing I-T Act with direct tax code to FM Nirmala Sitharaman

The Task Force to rewrite the decades-old Income Tax Act, 1961 has submitted its report to Finance Minister Nirmarala Sitharaman, sparking hopes of a simpler tax law with an easier compliance burden and friendly tax administration. Panel convenor Akhilesh Ranjan, member of apex tax policy-making body Central Board of Direct Taxes (CBDT), submitted the report after missing two deadlines. But the government has not made the report public with official sources saying that it would first study it before putting it in public domain for feedback.

VISA criticizes government's zero Merchant Discount Rates move

Payments companies and banks that ET has spoken with said that no clarification has been issued by the centre yet on the implementation of the move since the announcement in July.

Competition Commission puts in place green channel route for M&A approvals

The green channel concept would allow for an automatic system for speedy approval of combinations subject to certain conditions.

Govt may consider amendments in RERA to make it more effective: Urban Affairs Secretary

Urban Affairs Secretary said the Real Estate (Regulation and Development) Act 2016 has brought respect and value to this sector, which was earlier unregulated and known for blackmoney.

FM Nirmala Sitharaman says corporate tax for companies to be cut gradually

Sitharaman said the corporate tax reduction for the rest of corporates would be gradual. She did not give a timeframe for the reduction.

Finance Ministry mulls stress fund for infra sector: Housing Secretary Durga Shanker Mishra

Housing Secretary Durga Shanker Mishra said that discussions are on to use a stress fund to deal with the financial difficulties being faced by various infrastructure segments.

Mood of doom and gloom not going to help anyone: RBI Guv Shaktikanta Das

As RBI Governor Shaktikanta Das held forth on the current lean patch of the economy at a FICCI event today, he gave India a rarely used, Tharooresque term to talk about: Panglossian. "Mood of doom and gloom is not going to help anyone. I am not saying we maintain a Panglossian outlook and smile at everything — I don’t expect people to smile away difficulty — but a mood of doom and gloom will not help anyone," Das said.

Economic slowdown 'very worrisome', new set of reforms needed: Raghuram Rajan

Economic slowdown 'very worrisome', new set of reforms needed: Raghuram Rajan

Raghuram Rajan said "a fresh set of reforms" are now needed to boost the economy and growth rate.

Task force on Direct Tax Code submits report to FM Nirmala Sitharaman

Task force on Direct Tax Code submits report to FM Nirmala Sitharaman

The task force was supposed to submit its report by May 31, but the then finance minister Arun Jaitley gave two months extension to complete the exercise.

All is not well is the byword as Shaktikanta gives India 'Panglossian'

All is not well is the byword as Shaktikanta gives India 'Panglossian'

A mood of doom and gloom will not help anyone at this point, Shaktikanta Das said.

RBI rules out asset quality review of NBFCs for now

RBI rules out asset quality review of NBFCs for now

A liquidity squeeze that began with repayment defaults by IL&FS began a downward cycle in the economy

High-value claims to be 32% of Modicare payout

High-value claims to be 32% of Modicare payout

Launched in September last year, the schemes intend to reach nearly 50 crore people from 10.74 crore ‘deprived’ families selected on the basis of SECC data.

‘Voluntary Aadhaar eKYC for bank accounts, mobile, MFs soon’

‘Voluntary Aadhaar eKYC for bank accounts, mobile, MFs soon’

Now, after the amendments in the Aadhaar Act and PMLA, and Telegraph Act, on a voluntary basis, a person can open a bank account, a mobile connection or a mutual fund or open a demat account after Aadhaar authentication.

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