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Budget-making team of Finance Ministry short of two key officials

The budget for 2020-21 to be presented on February 1 is keenly awaited for the expected second wave of structural reforms for pulling out the economy from its over six-year low growth. In addition to expenditure secretary, the position of joint secretary, one of the key officials in the entire Budget-making process, is also vacant for almost three months.

India in growth recession; extreme centralisation of power in PMO not good: Raghuram Rajan

The starting point to address this slowdown will be for the Modi govt to acknowledge the problem, he said.

Govt to launch PMKVY-III in next financial year: Skill development minister

Govt launched the PMKVY scheme in 2015 and revamped it in 2016 to impart skills to one crore persons by 2020.

Indian growth story based on strong eco fundamentals: Ambassador Shringla

“India is on the march! It became a 3.0 trillion economy this year (IMF World Economic Outlook, Oct 2019). It took us nearly 60 years after independence to reach the 1 trillion mark, only 12 years since then to take it to 3.0 trillion and only 5 years, from 2014-2019, to take it from 2.0 trillion to 3.0 trillion.

GST panel may recommend to hike 5% tax slab to 6% to boost revenues

A revamp of goods and services tax (GST) structure is on the cards as the committee for augmenting GST revenue collections is likely to rejig the slabs and raise the existing 5 per cent rate to 6 per cent that can help to garner additional revenues of Rs 1,000 crore per month. At present, the 5 per cent slab includes essential commodities such as food items, basic clothing, and footwear.

We are not done with stimulus: Nirmala Sitharaman on reviving economy

A personal income tax rate cut for Sitharaman would be difficult at this juncture.

GST rates set to increase as council eyes major revamp

Move will increase burden on consumers but may generate close to Rs 1 lakh crore in revenue.

NSS data shows jump in ‘Housing for All’ in 2018

A total of 16 million homes have been constructed since April 2014. Data shows that numbers of those living in semi-pucca houses has come down from 24.6% to 17.4% during the period. Those living in kutcha houses is down from 9.6% to 5.9%. In other words, 10.5 million rural households living in kutcha houses and dilapidated semipucca houses need a new habitat.

Data Bill should be sent to house panel: Justice BN Srikrishna

The Bill will determine how global tech giants process, store and transfer consumers’ data.

Annual deadline for ecommerce's FDI compliance check: September 30

Sept 30 every year is the deadline for ecomm firms to ready their annual compliance reports as per FDI norms.

Data Bill likely to retain exemptions for scribes

Data Bill likely to retain exemptions for scribes

Journalists will have to comply with the code of ethics put down by the Press Council of India or “any media self-regulatory organisation,” the draft of the Bill had said, and top officials in the government said this would be retained in the final Bill as well. Exemption to journalists from major parts of the draft had come up during deliberations.

Auto sector slowdown affecting GST compensation cess kitty: Sushil Modi

Auto sector slowdown affecting GST compensation cess kitty: Sushil Modi

Sushil Modi, who heads the Group of Ministers (GoM) on GST revenue shortfall, said that the economic slowdown, particularly the muted sales in the automobile sector, is leading to lower collections in the new indirect tax regime. Speaking at an event, he said that the automobile sector is a major contributor to the GST compensation pool.

Govt should provide strong stimulus package for economy: Kumar Mangalam Birla

Govt should provide strong stimulus package for economy: Kumar Mangalam Birla

"One of the things that it (govt) can also do is to give stronger fiscal stimulus,"Kumar Mangalam Birla said.

India trying to set up IPR office on US model

India trying to set up IPR office on US model

Responding during Question Hour, Commerce Minister Piyush Goyal said the government has brought a lot of "sanity" to the working of eight areas of IPR, be it patent, copyright or trademark.

US hurdle in unified plan to tax digital cos

US hurdle in unified plan to tax digital cos

India was an active participant in the deliberations, as highly digitalised global companies have a huge consumer base here and stakes are high. To illustrate, there are over 270 million Facebook users in India, making it one of the leading countries in terms of user size.

Tech industry sees two pain points in data protection bill

Tech industry sees two pain points in data protection bill

The PDP Bill proposes voluntary verification of users and sharing of anonymised data by firms with the govt.

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