Business highlights

New Delhi, Jan 19 () Following are the top business stories at 1840 hours:

DCM5 BIZ-DUTYFREE-ALCOHOL-SALE Commerce min for restricting duty-free alcohol purchase to one bottle New Delhi: The Commerce Ministry has recommended restricting purchase of tax-free alcohol to one bottle at duty-free shops as part of steps to reduce import of non-essential goods, sources said.

DCM32 BIZ-TAX-GARG India may miss tax collection target for 2019-20 by nearly Rs 2.5 lakh cr: Garg New Delhi: The government's tax collection is likely to fall short of its estimate by Rs 2.5 lakh crore or 1.2 per cent of GDP in 2019-20, former finance secretary Subhash Chandra Garg said on Sunday while calling for scrapping of dividend distribution tax.

DCM11 BIZ-COALAUCTION Govt to stop substitutable coal import; can go for auction of 100 fully explored new blocks: Joshi New Delhi: Union minister Pralhad Joshi on Sunday said the Centre will stop the "substitutable import" of coal in the next three to four years and can go for auction of 100 fully explored blocks.

DCM26 BIZ-PULSES Govt plans to extend urad imports till June on likely domestic shortage: Sources New Delhi: The government plans to extend urad dal imports of up to 4,00,000 tonnes a fiscal for another three months till June this year in view of likely domestic shortages, according to sources.

FGN5 WEF-CURTAIN RAISER Trump, Merkel and Imran to visit WEF@Davos; Over 100 Indian CEOs too present Davos: As the rich and powerful from across the globe assemble this week in this Swiss ski resort town to discuss a 'cohesive and sustainable world', over 100 CEOs as also some union ministers and chief ministers from India would also be present alongside filmstar Deepika Padukone and Sadhguru. DCM10 BIZ-TELECOM-AGR DoT examining if Jan 23 legal deadline for AGR payment applies to non-telecom PSUs New Delhi: The telecom department is examining the legal applicability of January 23 deadline for payment of over Rs 2.4 lakh crore statutory dues in the case of non-telecom PSUs which were not originally party to AGR matter in the Supreme Court, according to sources. DCM15 BIZ-BUDGET-ATF Govt considering specific excise duty on ATF New Delhi: With no sight of including jet fuel in Goods and Services Tax (GST) in near future, the government is considering levying specific rate of excise duty on aviation turbine fuel (ATF) in place of current ad valorem rates to insulate its prices from cascading effect in times of volatile prices.

DCM19 BIZ-ODISHA-JSW-INVESTMENT Odisha expects work on JSW steel proj to start soon after successful public hearing New Delhi: Odisha expects work on the proposed Rs 53,700-crore integrated steel project at Jagatsinghpur in Paradip by Sajjan Jindal-led JSW Group to start soon following successful conclusion of a public hearing, a state official said on Sunday. DCM12 BIZ-VEHICLE EXPORTS Passenger vehicle exports rise 6 pc in April-Dec; Hyundai, Ford lead the pack New Delhi: Passenger vehicle (PV) exports from India increased by 5.89 per cent in the first nine months of the current fiscal, with Hyundai Motor leading the segment with dispatches of around 1.45 lakh units, as per the latest data by SIAM. RVK
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