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Suchetana Ray

Suchetana Ray covers aspects of the government’s economic policy. A news junkie, she is invested in HT’s ‘digital first’ policy.

Articles by Suchetana Ray

Former minister Jayanthi Natarajan on ED's radar for abuse of power

The ED is investigating paybacks that Natarajan might have received for allowing Electrosteel to mine in the Saranda forests of Jharkhand during her tenure from 2011-2013.

Former environment minister Jayanthi Natarajan(PTI File Photo)
Updated on Sep 14, 2017 12:10 AM IST
Hindustan Times, New Delhi | By, New Delhi

Govt rules out tax rollback as fuel prices rise, blames hurricanes for spike

Oil minister Dharmendra Pradhan also said the decision on reducing the cess on petroleum products rests with the finance ministry.

Vehicles on a road in front of a petrol pump at MG Road near IFFCO Chowk, Gurgaon, India.(Sanjeev Verma/HT File PHOTO)
Updated on Sep 14, 2017 08:08 AM IST
Hindustan Times, New Delhi | By

In relief to homebuyers, government likely to tweak bankruptcy code

The move comes after more than 31,000 homebuyers have been affected by insolvency proceedings against some projects of Jaypee Infratech and Amrapali.

Jaypee group home buyers protest against the owners and the management of Jaypee Group in New Delhi.(Sushil Kumar/HT PHOTO)
Updated on Sep 10, 2017 09:24 AM IST
Hindustan Times, New Delhi | BySuchetana Ray and Moushumi Das Gupta

GST impact: Airlines seek tax exemption on aircraft parts imported after servicing

The Federation of Indian Airlines has written to ministries of finance and civil aviation seeking the exemption

The burden of increased taxes under the GST on the airlines servicing industry could be as high as Rs 4,750 crore every year. (HT file photo / Representational)
Updated on Sep 09, 2017 01:40 PM IST
Hindustan Times, New Delhi | By

Govt will decide if Aadhaar will be mandatory for flying after SC gives ruling

The government is pushing for wide use of the 12-digit Aadhaar number that critics and activists are opposing over fears of possible data breach and privacy concerns.

A CISF security personnel check a passenger’s documents at the IGI Airport in New Delhi.(HT File Photo)
Updated on Sep 06, 2017 04:11 PM IST
Hindustan Times, New Delhi | By

Cabinet rejig: Railway minister Piyush Goyal will have to keep his record intact

Railways has seen three ministers in the three years of the Modi government, so it is imperative that Goyal manages to keep the reigns for the next two years.

Bharatiya Janata Party leader and member of parliament Piyush Goyal takes oath during the swearing-in ceremony of new ministers at the Presidential Palace in New Delhi on Sunday.(AFP)
Updated on Sep 03, 2017 11:55 PM IST
New Delhi, Hindustan Times | By

Modi tells tax officers to register even small traders for GST

Prime Minister Narendra Modi wants tax officers to bring traders with turnover of less than Rs 20 lakh under the GST network.

Prime Minister Narendra Modi.(Reuters File Photo)
Updated on Sep 01, 2017 09:20 PM IST
Hindustan Times, New Delhi | By

Aadhaar-PAN linking deadline extended till Dec 31 but legal challenges over privacy remain

People who do not have Aadhaar can file their Income Tax returns, but their returns will not be processed till they submit their Aadhaar number

The government has made Aadhaar number mandatory for filing income tax returns and applying for a PAN card.(AFP File Photo)
Updated on Sep 02, 2017 06:33 PM IST
Hindustan Times, New Delhi | By

Last few hours to link Aadhaar with PAN: Everything you need to know

Officials told HT that if deadline is not extended, which was a matter of speculation since Aadhaar has been challenged at the SC, tax returns of those who have not linked the UID and PAN will be scrapped

(AFP file)
Updated on Aug 31, 2017 03:02 PM IST
Hindustan Times, New Delhi | By

Will August 31 deadline to link PAN, Aadhaar stay after SC’s privacy ruling?

Income Tax officials in huddle with law ministry to study legal implication of last week’s order making privacy a fundamental right for Indians

This file photo shows a visitor giving a thumb impression to withdraw money from his bank account with his Aadhaar or Unique Identification (UID) card during a Digi Dhan Mela, held to promote digital payment, in Hyderabad.(AFP)
Updated on Aug 29, 2017 09:29 PM IST
Hindustan Times, New Delhi | By

Why thousands of Jaypee homebuyers stand on shaky ground

Their perceived vulnerability stems from the fact that homebuyers figure very low in the creditors’ order for payment of dues under the Insolvency Code.

Homebuyers protest outside the Jaypee office in Noida.(Virendra Singh Gosain/HT Photo)
Updated on Aug 25, 2017 02:29 PM IST
Hindustan Times, New Delhi | By

‘Job creators, not seekers’: It’s not an easy road for start-ups in India

Data show there are 800 start-ups recognised by the government. The start-up sector in the country is still in its nascent phase, which is already seeing cautious investors and a large number of them not maturing beyond an idea.

Aspirants learn entrepreneurial skills at a Delhi-based incubator, 91 Springboard.(HT Photo)
Updated on Aug 24, 2017 11:51 AM IST
Hindustan Times, New Delhi | By

Rajiv Bansal named Air India chief after Ashwani Lohani moved to Railway Board

Additional secretary in the ministry of petroleum, Rajiv Bansal on Wednesday was given charge of heading Air India. Bansal earlier served as the director in the ministry of civil aviation.

Rajiv Bansal serves as the additional secretary and financial advisor in the ministry of petroleum and natural gas.(
Updated on Aug 24, 2017 09:46 AM IST
Hindustan Times, New Delhi | By

Upskill or perish: The cold truth that Indian job-seekers face today

Where are the jobs? An obsession with white-collar jobs and disdain for skill development has left today’s youth in a dilemma even as demands for entry-level jobs have become tougher.

The NSDC provides a wide array of skilling programmes, from training in street food vending to industrial technical courses and driving courses at simulation labs in collaboration with auto majors.(Burhaan Kinu/HT Photo)
Updated on Aug 21, 2017 11:43 AM IST
Hindustan Times | By

Amid Doklam standoff, stringent import norms to target China

Amid the Doklam row and calls for banning cheap Chinese goods, the Centre is working towards tightening norms against cheap imports to protect domestic manufacturers.

A man walks inside a conference room used for meetings between military commanders of China and India, at the Indian side of the Indo-China border at Bumla, in the northeastern Indian state of Arunachal Pradesh.(REUTERS File Photo)
Updated on Aug 20, 2017 12:21 AM IST
Hindustan Times, New Delhi | By

Call drops could cost telecos more dearly as TRAI reassesses mobile network services

The Trai would now measure call drops on the basis of data collected on the performance of telecom towers and not from area offices of telecom companies as is the practice.

Telecom department officials say the reluctance of operators to invest in infrastructure is one of the reasons for poor call quality.(Indranil Bhoumik/ Mint File Photo)
Updated on Aug 18, 2017 05:19 PM IST
Hindustan Times, New Delhi | By

Prosecution of tax offenders doubles in first three years of Modi govt

Vowing to continue the crackdown on black money, Prime Minister Narendra Modi said Rs 1.75 lakh crore deposits in banks post demonetisation as well as 18 lakh people with income beyond known means are under scrutiny.

In a country where prosecution of tax crimes is low and conviction rare, the number of cases filed against tax evaders was 2,473 between 2014-15 and 2016-17.(Getty Images/iStockphoto)
Updated on Aug 16, 2017 12:01 AM IST
New Delhi, Hindustan Times | BySuchetana Ray and Jeevan Prakash Sharma

Will Arvind Subramanian get two-year extension as chief economic advisor?

Many believe that the government, with just two more years to go, wants to experiment with new ideas from fresh economists.

If his tenure is not extended, Arvind Subramanian will return to the Peterson Institute for International Economics – where he was employed as a senior fellow before his appointment by the Modi government.(PTI File)
Updated on Aug 11, 2017 03:53 PM IST
Hindustan Times, New Delhi | By

Social media used to disrupt GST adoption: Govt officials

The government has been closely watching reactions to GST since its implementation.

Former President Pranab Mukherjee and Prime Minister Narendra Modi press buttons for the launch of GST at midnight, at the special ceremony in the Central Hall of Parliament in New Delhi on July 1, 2017.(PTI Fiile Photo)
Published on Aug 10, 2017 11:15 PM IST
Hindustan Times, New Delhi | By

Lessons from Saradha & Rose Valley? New law to regulate chit funds soon

Chit funds are registered under the Chit Funds Act, 1982 but the absence of a regulator and a nationwide framework of guidelines makes investors vulnerable.

Arun Jaitley during the ongoing monsoon session at Parliament, in New Delhi.(PTI Photo)
Updated on Aug 04, 2017 10:25 AM IST
Hindustan Times, New Delhi | BySuchetana Ray and Mahua Venkatesh

A month of GST: India warms up to the new tax regime

While adoption of the new 4-tiered rate structure has been smooth, pockets of confusion over structure, pricing still exist

Several private tutorials have sprung up in New Delhi over the past month, offering classes in GST.(Arun Sharma/HT PHOTO)
Updated on Jul 31, 2017 11:53 PM IST
Hindustan Times, New Delhi/Mumbai | BySuchetana Ray and Naresh Kamath

Govt extends income tax returns filing deadline to August 5

The last date for filing of Income Tax Returns (ITRs) for the financial year 2016-17 has been extended till August 5. .

File photo of camp organised by tax department organised special camp for government employee to help file their Income Tax Returns (ITRs).(Livemint)
Updated on Jul 31, 2017 10:16 PM IST
Hindustan Times, New Delhi | By

Watch: Bank of England celebrates its 323rd birthday with an adorable GIF

But 323 years does not make it the oldest bank in world (that feat is reserved for Italy), though Bank of England features among the ten oldest banks.

A screenshot of the GIF shared by Bank of England(Bank of England Twitter)
Updated on Jul 27, 2017 05:33 PM IST
Hindustan Times, New Delhi | By

Reliance Industries AGM highlights: ‘Free’ JioPhone pre-booking from Aug 24, Mukesh Ambani’s RIL announces bonus shares

Mukesh Ambani-led Reliance Industries on Friday launched India’s first 4G feature phone. At an effective cost of Rs 0, JioPhone will be available from pre-booking August 24.

Mukesh Ambani at RIL AGM in Mumbai.(ANI)
Updated on Jul 21, 2017 01:21 PM IST
Hindustan Times, New Delhi | BySuchetana Ray and Ramani Ranjan Mohapatra

Consumers pay more for goods and services but inflation is down; here is why

Inflation data, released on Friday, captures price movement in June while the goods and services tax, which subsumed a string of state and central levies, kicked in on July 1.

Inflation data, released on Friday, captures price movement in June while the goods and services tax, which subsumed a string of state and central levies, kicked in on July 1.(Reuters)
Updated on Jul 15, 2017 08:59 AM IST
Hindustan Times, New Delhi | By

After GST, sell goods at revised MRP or go to jail: Govt tells manufacturers

Manufacturers will face punishment including jail term for not printing revised price on unsold and new products. This provision has been enforced under the Legal Metrology Act of 2009.

The Goods and Services Tax replaces a patchwork of central and state levies on goods and services.(AFP Photo)
Updated on Jul 07, 2017 09:27 PM IST

GST takes dazzle off Banarasi sarees, chikankari and zardozi: Weavers

After the implementation of GST, disappointment looms large in Lallapura area which is known for weaving of Banarasi sarees.

A weaver at a Banarasi saree cutting machine at the Lallapura area in Varanasi.(HT Photo)
Updated on Jul 07, 2017 12:33 PM IST
New Celhi/Varanasi | BySuchetana Ray and Sudhir Kumar

GST, Day 6: From arbitrary rates to handwritten receipts, pain lingers for consumers and sellers

A survey by LocalCircles revealed that 31% people have been charged the Good and Services Tax over and above the MRP of the product.

Traders protest against GST in Lucknow on June 30.(Subhankar Chakraborty/HT file photo)
Updated on Jul 06, 2017 08:05 PM IST
Hindustan Times, New Delhi | By

Retailers slow to wake up to GST, many continue to sell at old rates

The new tax replaces a maze of state and provincial taxes and cess, unifying a country of 1.3 billion people into one of the world’s biggest common markets.

A hotel manager explains GST to his staff in Erandvane in Pune on Saturday.(Pratham Gokhale/HT Photo)
Updated on Jul 02, 2017 12:14 AM IST
Hindustan Times | BySuchetana Ray and Dhrubo Jyoti, New Delhi

Left, Right and Centre: Meet the four architects of the GST bill

Here are the four people without whom India’s biggest tax reform -- the Goods and Services Tax -- would not have been possible.

Not one but four governments and four people can be credited for the new Goods and Services Tax that was rolled out on July 1.(PTI photo)
Updated on Jul 06, 2017 09:59 AM IST
Hindustan Times, New Delhi | By
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