Shine Jacob And Indivjal Dhasmana

Stories by Shine Jacob And Indivjal Dhasmana

Govt eyes divestment proceeds to tackle fiscal deficit

Govt eyes divestment proceeds to tackle fiscal deficit

Rediff.com   1 Oct 2019

Divestment in BPCL, SCI, Concor, NEEPCO, and THDC would help the Centre keep its fiscal deficit in check in the wake of subdued tax revenues and a Rs 1.45-trillion hit for the exchequer from corporation rate cuts.

India wakes up to rogue drone threat after Saudi attack

India wakes up to rogue drone threat after Saudi attack

Rediff.com   25 Sep 2019

While the Saudi drone strike has put the focus back on anti-drone measures, caution also stems from the fact that India has a number of large oil refining assets close to India-Pakistan border.

Govt has a new plan to boost direct tax mop-up

Govt has a new plan to boost direct tax mop-up

Rediff.com   20 Sep 2019

The government has set a direct tax collection target of Rs 13.35 trillion, which includes Rs 7.66 trillion from corporation tax and Rs 5.69 trillion from personal income tax.

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Saudi oil crisis: Logistics cost a concern as India looks to Russia, US

Rediff.com   20 Sep 2019

On Tuesday, Petroleum Minister Dharmendra Pradhan met Russian oil giant Rosneft's chief executive officer Igor Sechin and discussed raising crude imports from that country, in addition to talks about going for more acquisitions.

Robots can make Raebareli rail unit world's largest coach factory

Robots can make Raebareli rail unit world's largest coach factory

Rediff.com   19 Sep 2019

Robots are now being used increasingly in the integrated-shell assembly line and robotic bogie-fabrication line. The unit may soon see its phase-II expansion, which will increase its capacity to 2,000 coaches.

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Railways mulls private-run trains in the Delhi-Mumbai and Delhi-Howrah stretches

Rediff.com   10 Sep 2019

On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.

Now, Indian Railway is going the EV way

Now, Indian Railway is going the EV way

Rediff.com   3 Sep 2019

Railways is testing waters for locomotives to run on lithium-ion batteries, the most common ones used in electric vehicles.

Aug GST collection falls below Rs 1 trillion

Aug GST collection falls below Rs 1 trillion

Rediff.com   2 Sep 2019

The collections stood at Rs 98,202 crore in the month, against Rs 1.02 trillion in July. The figures indicate continuation of economic slow down which was reflected in the gross domestic product (GDP) growth which plummeted to a 25-quarter low of 5 per cent in the first quarter of 2019-20, experts said.

What makes India a hotspot for global oil firms

What makes India a hotspot for global oil firms

Rediff.com   21 Aug 2019

Experts say local demand, government policies in retail and refining sector are attracting foreign players.

3 state-run oil firms plan to deliver petrol at doorstep

3 state-run oil firms plan to deliver petrol at doorstep

Rediff.com   20 Aug 2019

The fuel delivery scheme mainly targets consumers that buy in bulk.

Rail link between Kashmir and rest of India on fast track

Rail link between Kashmir and rest of India on fast track

Rediff.com   20 Aug 2019

Of the 272-km Udhampur-Baramulla rail line, nearly 111-km stretch between Katra and Banihal is incomplete.

Major tax relief likely for those earning up to Rs 55 lakh per annum

Major tax relief likely for those earning up to Rs 55 lakh per annum

Rediff.com   20 Aug 2019

DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders.

Vande Bharat dream on slow track; Train 20 may be shelved

Vande Bharat dream on slow track; Train 20 may be shelved

Rediff.com   9 Aug 2019

Though bids for 43 Train 18 sets were invited first, orders for only three were given, including one for Spanish major CAF and Medha Group that supplied for the first Vande Bharat train.

Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool

Unlike other UTs, Jammu & Kashmir to get funds from Centre's divisible pool

Rediff.com   7 Aug 2019

Sources in the Fifteenth Finance Commission said that they will implement the provisions after the bill is enacted and the President makes a reference to it.

Art 370 gone, Google tax may come to J&K

Art 370 gone, Google tax may come to J&K

Rediff.com   7 Aug 2019

Digital commerce operators advertising on global social media, which earlier did not pay Google tax on their operations in Jammu & Kashmir, may now have to cough it up at 6 per cent.

Why Railways' transformation plan has gone off-track

Why Railways' transformation plan has gone off-track

Rediff.com   1 Aug 2019

There was a plan to increase the Railways' revenue by augmenting carrying capacity. This target has, however, become the source of a bitter battle between two ministries - the railways and steel - and provoked serious arguments over the "Make in India" programme.

UK, France push India's economy to 7th spot

UK, France push India's economy to 7th spot

Rediff.com   1 Aug 2019

According to data compiled by the World Bank, the UK's economy grew to $2.82 trillion and the French economy expanded to $2.78 trillion in 2018, against India's $2.73 trillion, showed the data.

2 years after roll-out, GST glitches still exist, says CAG report

2 years after roll-out, GST glitches still exist, says CAG report

Rediff.com   31 Jul 2019

The Centre's revenue from GST registered a decline of 10 per cent in 2017-18 compared to revenue of subsumed taxes in 2016-17.

What is the future of GST?

What is the future of GST?

Rediff.com   30 Jul 2019

With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.

IMF cuts India's GDP growth rate to 7%

IMF cuts India's GDP growth rate to 7%

Rediff.com   24 Jul 2019

However, the World Bank has projected India's GDP growth rate at 7.5 per cent for the next three financial years, including the current one.