Plan and Policy

Plan & Policy

BoI, BoM & OBC out of PCA bars

The RBI on Thursday allowed three publicsector lenders—Bank of India, Bank of Maharashtra and Oriental Bank of Commerce—to exit the Prompt Corrective Action Framework (PCAF). Banking experts say the next in line to exit PCA could be Corporation Bank and IDBI Bank.

“It has been decided that Bank of India and Bank of Maharashtra which meet the regulatory norms including Capital Conservation Buffer (CCB)and have Net NPAs of less than 6% as per third quarter results, are taken out of the PCA framework subject to certain conditions and continuous monitoring,” said the Reserve Bank.

E-comm biggies have a date with disruption

As deadline to comply with the new FDI norms ended on Thursday, seller entities owned by the marketplaces will no longer be there on the e-commerce platforms. But private labels will remain. The new regime will make supply chain more complicated by creating new vendor entities. Ultimately, the cash burn by the e-commerce entities will go up.

GST collections top Rs 1 lakh cr in January

Ahead of the Budget and much to the comfort of the government, GST collections crossed Rs 1 lakh crore in January, up from Rs 94,725 crore mopped up in December 2018.

 "The total gross GST Revenue collected in the month of January, 2019 has today crossed Rs 1 lakh crore. This has been a significant improvement over collection of Rs 94,725 crore during last month and Rs 89,825 crore during the same month last year," finance ministry ministry tweeted.

Paytm launches domestic hotel booking service

Paytm has launched domestic hotel booking service and will be investing upwards of Rs 500 crore for scaling its operations and expanding the portfolio. The company has also acquired Nightstay, a luxury hotel-booking platform for an undisclosed amount.

In the first phase of the launch, the company has partnered with over 5000 hotels across the budget, luxury and business segments. These include the Zuri, Sarovar, Treebo, Vresorts, Sterling, Ginger and Bloomrooms across top cities.

Six months after floods, Kerala’s farm sector makes a come back

Six months after a devastating deluge washed away thousands of hectares of land parcels---under cultivation of all kinds of agriculture crops including paddy and banana, vegetables and plantations crops like coffee, cocoa, coconut, tea, rubber, cardamom, pepper and other spices---that ruined the life and livelihood of thousands of farmers, Kerala’s agriculture sector is now on a road to remarkable  recovery.

Inside the FM’s Briefcase!

The ruli\ng government will be presenting the interim union budget on 1 February 2019. An interim budget is the one presented by a ruling government prior to the end of their term. The government is expected to decide the amendments cautiously; they have to ensure that the changes proposed to match the expectations of the voters while at the same time are not so radical as to invite the criticism from the other parties.

Section 80C limit due for a raise

Focus on skill development

The government has numerous reasons to focus on skill development of the populace. In addition to the obvious economic benefits of having a skilled population, skilling helps address multifarious challenges. A citizenry, especially the youth, involved in productive employment ensures a progressive society and nation. Holistic and targeted skilling, including knowledge of forward and backward linkages, would produce entrepreneurs, who are job creators.

Land Rover Discovery Sport Landmark Edition launched at Rs 53.77 lakh

Tata Motors-owned British luxury sports car maker Jaguar Land Rover on Monday introduced a special edition for its 2019 Discovery Sport, christened  Landmark Edition priced at Rs 53.77 lakh to take on German rivals such as Mercedes-Benz, BMW and Audi in Asia’s third biggest car mart.

This special edition marks Land Rover's first launch of the 2019 and commands a premium of Rs 1.30 lakh over its Discovery Sport SE variant on which it is based on.

Reduced litigation on transfer pricing

Though it is conventionally an interim budget, some tax sops may be expected to facilitate ease of doing business in India.

Many of the suggestions below can no doubt be attended to by the Central Board of Direct Taxes (CBDT), but an intent to do that can be enunciated by the Finance Minister. Focus of the suggestions here is on improving the business climate, by bringing in tax certainty.

Implementation for mega projects

The infrastructure sector in India faces a multitude of issues ranging from planning to implementation to financing. Loopholes in the policy framework and relatively lower level of innovation contributes to the challenges faced by the sector. Although, the government has taken many steps towards infrastructure development and ease of doing business, there is much scope for improving the efficiency and quality of India’s infrastructure. In this context, we have built some expectations from the Union Budget 2019-20 for the Infrastructure sector.