'A broad-based revival of private sector investment was likely in 2018-19 after businesses had successfully made the switch to the GST.'
'Normally, the system is geared towards counting notes -- it is equipped to do x amount of work and one day you are asking them to do 20 x.' 'The processes involved are very complex.'
The previous highest divestment proceeds for the first half of a year was around Rs 21,000 crore in 2016-17.
DEA is currently headed on an interim basis by Corporate Affairs Secretary Tapan Ray
National Anti-profiteering Authority to be set up for ensuring that customers get the benefit of GST
North Block and Mint Road seem likely to now stick to the earlier convention of the RBI governor coming to Delhi and being the only MPC member meeting the finance minister and senior bureaucrats on pre-policy meetings
A panel led by the secretaries of the DEA and the DIPP would conduct a quarterly review on the pending proposals.
If people can lobby me for making changes in policies that goes against the country's interest, I won't keep myself in this position, says the vice chairman of NITI Aayog.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
In the run up to three years of the National Democratic Alliance government, Minister of State for Commerce and Industry (Independent Charge) Nirmala Sitharaman says it is time to consolidate some of the major initiatives as well as take new steps.
"There have been discussions on implementing UBI in J&K -- not just as a pilot in some districts, but in the entire state, according to Drabu's proposal in the state's Budget," said an official. "Finance Minister Arun Jaitley is also supportive of the idea. A presentation will now be made at the PMO."
The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament.
While they have restructured loans, there is still question mark over the success of such a work-out
Some may lose competitiveness due to higher compliance costs
Includes those dealing in high-value property and petrol pump owners
Punjab National Bank has made a name for itself in recovery of bad loan dues. Usha Ananthasubramanian, managing director and chief executive officer of the government-owned lender, explains how it has achieved this reputation.
New Development Bank plans to issue $300-500 mn worth masala bonds in rupee: K V Kamath.
This amount is just about 10% of the previous IDS
Government gets Rs 17.1 lakh crore in its kitty
The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey.
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