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Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and ASIT Ranjan Mishra

-Livemint.com * Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM * The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing Finance minister Nirmala SITharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace...

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Buying homes to get cheaper for govt employees as FM reduces interest on house-building advance

-News18.com House-building advance is available to central and state government employees for constructing a new house on a plot owned by the employee or jointly with the spouse. The scheme can also be availed while buying a new house or flat. New Delhi: In a bid to boost the housing sector, Finance Minister Nirmala SITharaman on Saturday announced reduction in interest rates on house-building advance and linking to 10-year government securities yields. The...

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Dumb and Dumber: Facing slowdown, govt squeezes expenditure -Subodh Varma

-Newsclick.in Rather than spending more, government expenditure by July 2019 is less than what it was last year as share of annual budget, with key public welfare related ministries cutting most. India is facing an unprecedented slowdown of the economy with GDP growth slumping to 5% in the June quarter, agriculture growing by only 2% and manufacturing by a mere 0.6%. Private consumption expenditure – spending by families on consumption – has...

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What data says about first 100 days of Modi 2.0 -Sneha Alexander & Vishnu Padmanabhan

-Livemint.com Contrary to?perceptions that auto slowdown is driven by changing millennial preferences, data shows that millennials, in fact, do want to purchase?cars Through a dedicated booklet (100 Days of Bold Initiatives and Decisive Actions) and press conferences across the country, the Bharatiya Janata Party (BJP) has launched a publicity blitz celebrating its achievements in the first 100 days of its return to power. But are the BJP’s claims and promises grounded in...

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Number of undernourished people rose by 45% in seven years: FAO -Srishti Choudhary

-Livemint.com * The report was released on the sidelines of the 14th Conference of Parties of the United Nations Convention to Combat Desertification Conference in Greater Noida * Representatives from over 198 countries and agencies are engaged in deliberations in the conference on strategies needed to mitigate drought New Delhi: As climate risks become more profound on agricultural activities, a report by the Food and Agricultural Organization (FAO) has highlighted that the number...

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