Low tax collection at panchayats a challenge to fiscal federalism, says Economic Survey

Tax collections at panchayat level are extremely low, which is posing a challenge to fiscal federalism and accountability, the Economic Survey said today. Low level of tax collections by local governments in rural areas is posing challenge in reconciling fiscal federalism and accountability, the Eco...

AAI allocates Rs 3400 crore for airports in North East region

The Airports Authority of India, AAI, has allocated nearly 3400 crore rupees for the upgradation of airports in the North East region. AAI chairman Guruprasad Mahapatra told reporters in Guwahati today that an amount of Rs 1720 crore for Assam, Rs 525 crore for Tripura, Rs 800 crore for Manipur, Rs ...

India's crude steel production rises 6.2% to 101.4 MT in 2017

India has overtaken the US to become the world's third-largest steel producer and the country is now looking to bag the second spot from Japan. Country's crude steel production grew by 6.2 per cent to 101.4 million tonnes, MT, in 2017 compared to 95.5 MT in the previous year. A rep...

Sensex surges over 300 points in afternoon trade

The benchmark Sensex maintained its early upward trend and was trading over 340 points higher after the Economic Survey predicted India is likely to grow at 7 to 7.5 per cent in 2018-19, up from 6.75 per cent in the current fiscal. BSE Sensex was at 36,396 level, a short while ago.NSE Nifty was trad...

Foreign exchange reserves continues to scale new peaks, touches $414.78 billion

The rally in the foreign exchange reserves continued for the fourth week in a row, and scaled a new peak at 414.784 billion USD in the week to January 19, helped by rise in foreign currency assets. According to the Reserve Bank data issued in Mumbai showed that the reserves rose by 959.1 million USD...

Foreign exchange reserves continues to scale new peaks, touches $414.78 billion

The rally in the foreign exchange reserves continued for the fourth week in a row, and scaled a new peak at 414.784 billion USD in the week to January 19, helped by rise in foreign currency assets. According to the Reserve Bank data issued in Mumbai showed that the reserves rose by 959.1 million USD...

All major markets to remain closed on account of "Republic Day" holiday

All major markets, including Bullion, Metal, Oil and oilseeds, Food grain and Jaggery will remain closed tomorrow 26th January on account of "REPUBLIC DAY" Holiday.

Govt collects Rs 86,703 cr under GST in December

Government has collected 86,703 crore rupees under GST in the last month. Finance Ministry said, one crore taxpayers have been registered under GST so far. Of them over 17 lakh are Composition Dealers which are required to file returns every quarter. It said, over 56 lakh GSTR 3B returns have been f...

Govt collects Rs 86,703 cr under GST in December

Government has collected 86,703 crore rupees under GST in the last month. Finance Ministry said, one crore taxpayers have been registered under GST so far. Of them over 17 lakh are Composition Dealers which are required to file returns every quarter. It said, over 56 lakh GSTR 3B returns have been f...

India to grow at 7.4 per cent in 2018: IMF