Page 43 - Indivjal Dhasmana/ Pti

Centre gives Rs 6,000 crore to 14 states as revenue deficit grant

This is in line with interim recommendations of 15th finance commission; similar amount was released in April-Nov period of current fiscal

Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation

The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year

With little room left for govt capex, economy looks at private investments

However, low demand in the economy has been arresting fresh investments, and experts tracking India Inc have not seen any major announcement in this zone

One nation, one ration card: 9 states can raise Rs 23,523 cr from markets

These nine states have received permission from Union finance ministry to raise additional funds from the markets as they have implemented the 'one nation, one ration card' reform

Blanket interest waiver to cost Rs 6 trillion, Centre informs Supreme Court

Supreme Court will continue to hear the matter today

Fitch now expects lower GDP contraction in India at 9.4% for FY21

Says Covid vaccines aren't likely to reach majority even in a year, Cautions against weak balance sheets, challenges in financial sector

Northeast states managing Covid best, followed by Bihar and UP: SBI study

Daily cases declining after peak of September 16 and recovery higher than new cases at all India level

Delhi HC defers case on constitutional validity of NAA under GST system

No consensus on questions to be raised, court decides to hear them all

Now Jharkhand also opts for the special window for GST compensation

With this, all states and 3 UTs choose the window set up by the Centre to borrow on behalf of states the shortfall arising out of GST implementation

Forget the alphabet jugglery, economic recovery is here to stay: FM

Debunks theory that recent upsurge was due to pent-up or festival demand, says food inflation is seasonal and will cool down

Rabi on a roll: Current season may go up against December last year

According to rating agency CRISIL, kharif harvest was delayed last year, so acreage growth under rabi was on a low base till November 2019.

RBI eases banking and document handling procedures for exporters

Moves come as a major relief to a sector that is struggling to recovery from the impact of Covid-19

Services sector grows for second straight month, but rate falls in Nov: PMI

Hiring reverses declining trend, services inflation accelerates

Fake invoice issue: GST Council law panel urges Aadhaar-like registration

Wants physical verification if applicants opt for non-aadhaar process. Committee met in the wake of rising number of fake invoices under GST system

Difficult to sustain Rs 1-trillion monthly GST collection, say experts

They believe the October mop-up may have resulted from pent-up demand, and are sceptical about the post-festive season scenario

Exports may be muted as WTO warns of growth slowdown in global trade

Exports had recovered 5 per cent in September after months of contraction.

Moody's calls stimulus measures positive, revises GDP forecast upwards

Lowers the contraction rate for India's gross domestic product to 10.6 per cent for 2020-21 from earlier 11.5 per cent

Analysts revise Q2 GDP projections, are divided on sharpness on contraction

As Q2 will be the second quarter of economic contraction, India in all probability has entered a technical recession for the first time since quarterly GDP data began being compiled

India among a few major EMs with rising inflation in October, shows data

Among these nations, the rise in core inflation is the highest in India

Will e-invoicing weed out fake invoices and bills even at the retail level?

The expert view is that it will be easier for the retail industry to dodge the system and evade taxes, than it will for the durables sector