Category: Economic

Odisha approves investment projects worth Rs 464.72 crore

On Tuesday four investment projects worth Rs 464.72 crore were approved by the Odisha government foreseeing direct employment opportunities for more than 870 people. A Medium Density Fibreboard (MDF) manufacturing facility at Malipada in Khurda district with an annual capacity of 72,000 cubic meters was approved by the government. with an investment of Rs 93 […]

Taxpayers pay Rs 72,480 crore tax under Vivaad Se Vishwas scheme

Under the Vivaad Se Vishwas direct tax dispute resolution scheme Central public sector units (CPSEs) and other taxpayers have paid up tax of Rs 72,480 crore against the disputed demand. The disputed amount belonging to CPSEs being settled under the scheme is Rs 1,00,195 crore, while that from other taxpayers amounts to Rs 31,734. A […]

Govt okays subsidised loans worth Rs 3,971.31 cr for micro-irrigation projects

On Friday  The Union Agriculture Ministry said it has agreed for subsidised loans worth Rs 3,971.31 crore for implementing micro-irrigation projects and maximum loan has been approved for Tamil Nadu. The interest supported loans are being offered under Micro Irrigation Fund (MIF) created with National Bank for Agriculture and Rural Development (NABARD) for implementing micro-irrigation […]

Suspecting fraud, taxmen block input tax credit of several companies for a year

 The input tax credits of many companies have been blocked by the tax department suspecting that they were fraudulently availing the benefits, either by creating a fake trail of shell companies or through invoices that didn’t exist. he tax department has triggered a particular section which is  section 86A, to block the credit for a […]

India’s cotton exports could jump 40% to seven-year high as prices rally

According to the head of a leading trade body due to  depreciation of the rupee and a rally in global prices allow exporters to clinch export contracts, India’s cotton exports could jump 40% in 2020/21 from a year ago to 7 million bales, the highest in seven years. on Thursday ,Atul Ganatra, president of the […]