Economy

Commercial banks, under the prompt corrective action (PCA) framework of the Reserve Bank of India (RBI), are sitting on a pile of cash as they don’t have too many options to lend, even as the banking system is scrambling for liquidity. The 11 public sector banks under the PCA, enjoying …

About 97.5% of goods are already in the 18% or lower Goods and Services Tax bracket, Finance Minister Arun Jaitley wrote in a blog post on Monday, adding that though the GST revenue targets set are ‘very stiff’, several States are already achieving those targets. Mr. Jaitley also wrote that …

The Narendra Modi government’s Mumbai-Ahmedabad bullet train project may turn out to be a loss-making proposition and burden Maharashtra’s already dwindling finances, the latest information obtained by an activist under the Right to Information (RTI) has revealed. As per the RTI response, a State Transport Department report has highlighted several …

Bangalore Metro Rail Corporation Ltd. has decided to induct the first six-car train on the Green Line in the first week of January. The BMRCL is likely to operate the six-car train, with a capacity to carry close to 2,000 passengers, during peak hours. Source :  https://www.thehindu.com/todays-paper/green-line-to-get-six-car-train-in-jan-first-week/article25823618.ece

Getting a coveted engineering seat involves students having to score well in their board exams and getting a good rank in entrance exams. But of late, an increasing number of students are finding it a challenge to continue studying engineering. After taking up engineering, some students are deciding to drop …

The GST Council is likely to consider lowering GST on under-construction flats and houses to 5% in its meeting next month, an official said.Currently, the Goods and Services Tax (GST) is levied at 12% on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued …

The Goods and Service Tax (GST) has had good impact on the manufacturing industry in India. Starting out a bit rockily, GST implementation has impacted the manufacturing industry favourably by bringing in a unified and consistent tax structure. Businesses that were facing slowdowns in the early days its roll-out, are …

India needs to open up its dredging market to boost trade by its major ports, which currently cannot handle very large vessels in the absence of proper draft depth, government think tank NITI Aayog has said.More competition, mainly from global players, in dredging activities would help increase and maintain draft …

A steep fall in the price of Robusta coffee during the harvest season and low production owing to climate change are worrying coffee growers in south India, a major coffee cultivating region in the country .Spot price of raw Robusta coffee in Wayanad on Saturday was Rs. 3,618 a bag …

The effect of the BJP’s loss in three States in the Hindi heartland was visible at the GST Council meeting held on Saturday in New Delhi, with the famous accord of the Council across party lines disrupted by a heated exchange among members.As the meeting got under way, the Ministers …