The government is working towards increasing exports to China to balance a wide trade deficit and formulate a sustainable trade relationship between the two nations, Economic Affairs Secretary Shaktikanta Das said on February13. “Our Commerce and Trade Department is working with China to in…
Tag: Shaktikanta Das
Jaitley meets Directors of RBI Central Board
New Delhi: Finance Minister Arun Jaitley on February 11 stressed on the importance of uplifting the rural sector in India at a post-budget meeting organised here. Addressing the meeting of Central Board of the Reserve Bank of India, Jaitley discussed the importance of increasing allocation toward…
GDP growth to be 7% plus in 2018-19, says Economic Affairs Secretary
New Delhi: The 2017-18 Union Budget charts a story that is consistent with the policies of Government in the last couple of years, is predictable in its approach and is shorn of unnecessary surprises for the industry and society, said Ashok Lavasa, Finance and Expenditure Secretary, Ministry of F…
Trade Unions want more jobs from Union Budget
The Union Budget for fiscal 2017-18 should create more jobs and employment opportunities, trade unions said in a representation to Union Finance Minister Arun Jaitley. “The budget should help in creating more jobs and employment opportunities. The minimum wages should be increased to Rs 18,000 pe…
Govt relaxes cash withdrawal norms, move may help SMEs
The government relaxed cash withdrawal norms in a bid to help small businesses and the rural poor, but a bank holiday in 18 states and empty ATMs piled more misery on the people from last week’s surprise ban on high-value banknotes. Throwing a lifeline to millions of traders crippled by a cash cr…
FinMin pitching for Jan 31 Budget
The Finance Ministry is said to be pitching for the Union Budget 2017-18 to be presented on January 31, an event which would give Parliament exactly three months to approve the Finance Bill before April 1. The final decision on the Budget date will be a political one and will be taken by the Cab…
Many reforms coming, GST will get SMEs into value chain: Economic Affairs Secretary
Committing to “many more reforms”, a top Finance Ministry official said implementation of the Goods and Services Tax (GST) will bring Small and Medium Enterprises (SMEs) into the national value chain. “The government is aware that many more reforms need to be taken. After implem…
President gives nod to GST Bill; 60 days’ countdown to GST Council begins
Turning years of wait into reality, the Constitutional Amendment Bill on Goods and Services Tax (GST) received Presidential assent on September 9 and turned into a law. The consent has moved the government a step closer to do away with indirect taxes. Next on agenda is formulation of the GST Coun…
Mohit Kamboj re-elected as National President of India Bullion & Jewellers Association
Mohit Kamboj has been re-elected unopposed as the National President of India Bullion and Jewellers Association (IBJA) in a meeting of Governing Board held in Mumbai for the five year term ending in 2021. India Bullion and Jewellers Association had dissolved its board in the last week of December…
Technology, Entrepreneurship & Skill to drive growth | Top Eco ‘Babus’
Top government officials have said that government is pursuing reforms with gusto giving thrust to entrepreneurship, skill building and greater technology diffusion which are key to high industrial growth particularly MSMEs that had had huge job potential. India needed to achieve high growth path…