EconomyLoop
where regional business news becomes global to everyone

News digest: GST return edit deadline, saving railway legacy, and more

GST Network will launch a facility for businesses to make changes to their August and September GSTR-3B return forms... read more

 Business Standard46 minutes ago

     
Karnataka IT Minister Priyank Kharge pitches for import duty concession for ease of startups

Karnataka IT Minister Priyank Kharge today pitched for concessions in import duties on machines and equipment for ease of start ups to grow as manufacturing industries. The post Karnataka IT Minister Priyank Kharge pitches for import duty concession ... read more

 Financial Express1 hour ago
Haryana government asks officials to ensure GST composition taxpayers don’t tax customers

To protect the interest of consumers, Haryana's excise and taxation department has issued directions to concerned officials to ensure that composition scheme taxpayers under the GST neither charge tax from customers nor issue tax invoice. The post Ha... read more

 Financial Express1 hour ago
Chidambaram mocks govt, says it termed Moody's ratings wonky few months ago

Moody's had on Friday upgraded the sovereign ratings by a notch to Baa2 with stable outlook, citing Modi's reforms... read more

 Business Standard3 hours ago
Women to represent 52% entrepreneurs at GES in Hyderabad: Amitabh Kant

The GES in Hyderabad will be co-hosted by India and the US... read more

 Business Standard3 hours ago
Moody’s rating upgrade boosts India’s attractiveness, says Mining baron Anil Agarwal

One of the triggers for the ratings upgrade, he said, is the recapitalisation of the banking system. However, the move would increase the government's debt burden modestly. The post Moody's rating upgrade boosts India's attractiveness, says Mining b... read more

 Financial Express3 hours ago
Don’t foresee immediate changes to GST rates, says Hasmukh Adhia

Finance Secretary Hasmukh Adhia on Saturday said the recent reduction in GST rates on mass consumer goods items has resolved nearly 90 per cent of problems and discontentment related to the indirect tax regime. The post Don't foresee immediate change... read more

 Financial Express3 hours ago
Bulging stocks prompt govt to double wheat import duty

To shore up prices and send a positive signal to farmers to boost planting... read more

 Business Standard3 hours ago
Indian railway equipment merits rational GST rate: Tilak Raj Seth

Executive vice-president of Siemens in India talks about the effect of GST on the industry and about the company's plans for India... read more

 Business Standard3 hours ago
Small savings, big burden

The Centre has to bear the maximum burden of borrowing NSSF loans to the tune of Rs 1 lakh crore... read more

 Business Standard4 hours ago
Avoid falling prey to mis-selling of insurance

While Irdai can nudge the sector towards better practices, buyers need to view this as an instrument that provides risk cover, not as a tax saving or investment product... read more

 Business Standard4 hours ago
GST revenue collections in October at Rs 95,131 cr: Sushil Modi

This is a good indication. It shows the system is slowly stabilising, said Sushil Modi... read more

 Business Standard5 hours ago
Oil giants unlikely to share coal’s fate, at least for now

Norwegian fund mulls dropping oil, gas holdings; but demand to last for decades... read more

 The Hindu5 hours ago
‘Complex GST process hitting e-com start-ups’

We can neither buy nor sell: boodmo... read more

 The Hindu5 hours ago
Business jets risk U.S. pilot shortage on competition from commercial airlines

U.S. legacy carriers are recruiting employees to fly new aircraft and replace retiring staff, with American Airlines expected to hire 900 mainline pilots in 2018... read more

 The Hindu5 hours ago
Fox hunt gives Murdoch a rare chance to play defence

The hunter has become the hunted. Rupert Murdoch, who once successfully put Dow Jones into play, finds himself in the crosshairs of rivals Comcast, Verizon and Walt Disney. They want to buy big chunks... read more

 The Hindu5 hours ago
Don't foresee more changes in GST rate structure in next few months: Adhia

As and when the need arises rates on other items may be changed: Adhia... read more

 Business Standard5 hours ago
‘Auto asset-backed loan losses low’

Loss rates in the sector in India average 1% and are likely to remain low : Moody’s... read more

 The Hindu5 hours ago
Cabinet panel may soon decide on coal allocation

Govt. plans to auction 5-6 blocks for commercial mining... read more

 The Hindu5 hours ago
Moody’s withdraws RCom ratings after firm misses interest payment

Any missed payment considered default, says rating agency... read more

 The Hindu6 hours ago
L&T wins ?8,650 crore MTHL order

Engineering giant Larsen & Toubro has bagged an order worth ?8,650 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of Mumbai Trans Harbour Link (MTHL... read more

 The Hindu6 hours ago
Manmohan Singh says demonetisation not an appropriate response to blackmoney; suggests govt to simplify tax

Demonetisation: The answer to blackmoney problem was to simplify our tax, land registration and the administration systems. The post Manmohan Singh says demonetisation not an appropriate response to blackmoney; suggests govt to simplify tax  appeared... read more

 Financial Express6 hours ago
GSTR-3B: Businesses can edit August, September returns from November 20

GST Network will launch a facility for businesses to make changes to their August and September GSTR-3B return forms beginning November 20, Bihar Deputy Chief Minister Sushil Modi said today. The post GSTR-3B: Businesses can edit August, September r... read more

 Financial Express6 hours ago
‘Shift to EVs won’t eradicate pollution’

No material benefit unless renewable energy target of 175 GW is raised, says Purpose Climate Lab... read more

 The Hindu6 hours ago
All eyes on S&P, Fitch after Moody’s upgrade

Fiscal position likely under watch... read more

 The Hindu6 hours ago
NITI CEO lauds Moody's rating upgrade, says reforms will continue unabated

Moody's said the reforms undertaken by the government would lead to an enhanced business environment... read more

 Business Standard6 hours ago
‘Any government borrowing will impact fiscal deficit’

But, recapitalisation bonds will spur credit growth; higher RoE will compensate for interest cost, says IIM-A professor... read more

 The Hindu7 hours ago
‘Assisted travel’, a boon for the wheel-chair bound in India

Trend picking up, says service provider, which facilitates trips for elderly as well... read more

 The Hindu7 hours ago
Tata Global gets a boost as branded business grows

Beverage major’s business climbs ?1,507.4 crore over a year... read more

 The Hindu7 hours ago
‘Powerloom schemes need ?100 crore more’

30% capital subsidy also mooted... read more

 The Hindu7 hours ago
Trigyn Tech to focus on Indian market

Reduces share capital post NCLT nod... read more

 The Hindu7 hours ago
Traders can edit Aug, Sept GSTR-3B returns from Nov 20

Sushil Modi-led GoM meet Infy boss Nandan Nilekani to discuss GSTN glitches... read more

 Business Standard7 hours ago
India Inc may get a role in managing Railways' heritage assets

Currently, the railways spend about Rs 250-300 cr annually to maintain and manage its heritage assets... read more

 Business Standard7 hours ago
Businesses can edit Aug, Sept GSTR-3B returns from November 20

The initial sales return in the Goods and Services Tax (GST) regime is filed by businesses in form GSTR-3B... read more

 Business Standard7 hours ago
Centre doubles import duty on crude edible oil

Prices may rise Rs 5-6 per kg, traders see no big drop in imports... read more

 Business Standard7 hours ago
Rafale jet purchase win-win deal for both France and India: French minister

The delivery of the jets is scheduled to begin from September 2019... read more

 Business Standard7 hours ago
Nalco eyes African countries for strategic mineral assets

Company to form JV with MECL, HCL for overseas mineral hunt... read more

 Business Standard8 hours ago
Sitharaman asks Tamil Nadu for 50-yr supply plan for proposed defence parks

The government of Tamil Nadu has proposed setting up of an aerospace and defence parks in the State and the centre has asked the State to come out with a proper plan, said Union Defence Minister Nirmala Sitharaman. Speaking to the reporters in Chenna... read more

 Business Standard8 hours ago
Moody’s India credit rating upgrade: All you need to know

It was a huge shot in the arm for Modi-government yesterday, as global rating agency Moody’s Investors Service upgraded India’s local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive.... read more

 Financial Express9 hours ago
Complex GST process hitting ecommerce startups, says online marketplace Boodmo

Online sales of auto components have been hit by complex GST model for ecommerce players, online marketplace boodmo said. The post Complex GST process hitting ecommerce startups, says online marketplace Boodmo appeared first on The Financial Express.... read more

 Financial Express9 hours ago
Moody’s ups India rating: Manmohan Singh says NDA govt should not be ‘lured into false belief’ that economy is out of wood

Moody's upped India's rating to Baa2 from Baa3 and changed its rating outlook to 'stable' from 'positive', saying the reforms will help stabilise rising levels of debt. The post Moody's ups India rating: Manmohan Singh says NDA govt should not be 'l... read more

 Financial Express9 hours ago
Moody’s ups India rating: Congress leader Kapil Sibal says upgradation was not in sync with ‘mood of the people’

US credit rating agency Moody's on Friday upgraded India's sovereign rating to Baa2 from its lowest investment grade of Baa3 after 13 years. The post Moody's ups India rating: Congress leader Kapil Sibal says upgradation was not in sync with 'mood of... read more

 Financial Express9 hours ago
Demonetisation killed people in ATM queues, put India in doldrums: Manmohan

Manmohan Singh said he believed that demonetisation was not an appropriate response to the black money menace... read more

 Business Standard9 hours ago
Economy is not out of woods despite Moody's rating upgrade, says Manmohan

Singh also cautioned that the soaring prices of the crude oil could 'hurt the fiscal system' of the country... read more

 Business Standard10 hours ago
GST adversely impacting e-commerce businesses: Online player

The composition scheme under the GST allows a nominal tax of 2% to be paid by SMEs... read more

 Business Standard11 hours ago
Moody’s withdraws RCom’s ratings after debt default

Moody's Investors Service has withdrawn Reliance Communications Limited’s (RCom) Ca corporate family rating (CFR) and its negative outlook after the company defaulted on interest payment to bond hol... read more

 The Hindu11 hours ago
Indian industry should draw up 50-yr plan for defence supplies: Sitharaman

Sitharaman said she has asked CII officials to hold discussions with the Tamil Nadu government and chart out a plan... read more

 Business Standard11 hours ago
Caution: Moody’s India upgrade welcome but here’s what could move the rating down

While Moody’s first upgrade of India’s sovereign credit rating in 14 years to a notch above the lowest investment grade -- Baa2 -- is welcome, it makes the government’s job even harder. For, the rating upgrade doesn’t come without a warning label. Th... read more

 Financial Express12 hours ago
For first time in 10 years, government raises import tax on edible oils to highest level

India has raised import tax on edible oil to the highest level in more than a decade, the government said in an order, as the world's biggest importer of edible oils tries to support its farmers. The post For first time in 10 years, government raises... read more

 Financial Express12 hours ago
After Venezuela’s default on debt, these 7 nations are the most riskiest and one is India’s neighbour

After Venezuela was declared in default by credit-rating companies this week, emerging-market money managers are looking to identify countries that might run into trouble down the road. The post After Venezuela's default on debt, these 7 nations are... read more

 Financial Express12 hours ago