Page 46 - Indivjal Dhasmana/ Pti

World Bank ups FY21 GDP contraction forecast for India to 9.6%

Says Indian economy could fare thrice as poorly as projected earlier in the wake of coronavirus-induced lockdowns and a decline in household income

Battle over anti-profiteering authority escalates as tenure set to end

Companies have raised questions over the NAA, especially regarding the lacunae in the methodology of computing profiteering, and appro­ached the Delhi HC

Australia's largest investment funds plan entry into India, meet NIIF

These funds collectively manage assets worth Rs 38 trillion, see scope in India despite Covid

PM's tweet to start awareness campaign against Covid-19 today

Campaign to be launched due to unlocking and upcoming festival season, winters

Industry expects fast recovery, says CII president Uday Kotak

Industry now sees sectors witnessing better pick-up and capacity utilisation than what was projected in March.

Why economists remain pessimistic amid signs of economic recovery

Some believe recent indicators like GST numbers are overstated, most are sceptical about the impact of a stubborn pandemic

Global trade shows signs of rebound from Covid-19, recovery uncertain: WTO

Trade growth in Covid-19 related products was strong in June and July, showing the global economy's ability to help governments obtain supplies

Service activity moves towards recovery in September; PMI at 49.8

At 49.8 in Sept from 41.8 in August, but contracts for 7th month in row

GST Council has no jurisdiction over borrowing by states: Govt sources

As such issue of voting in the Council over this issue does not arise, they say

No breakthrough in GST compensation deadlock; next Council meet on Oct 12

About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead

Covid-19 crisis: Signs of economic recovery fragile, say experts

Some major indicators raise hopes but there are segments showing that revival is still nascent

Carrying physical copies of e-invoices not required, clarifies GSTN

CBIC has said companies will not attract any penalty if they move goods without e-invoicing

FM not averse to providing further economic stimulus, says source

Asserts that recent trends of economic recovery are testimony to government's intervention

Exports rise for the first time in seven months, up 5% in September

Development marks yet another sign of revival as imports continue to decline, albeit at a slower pace, trade deficit shrinks

Labour codes hugely increase coverage of workers: Santosh Kumar Gangwar

In a Q&A, the Labour and Employment Minister says Removal of rigidity in labour laws, reducing compliance levels would stimulate setting up larger industries generate employment

Doing away with rigidity in labour laws will boost jobs: Minister Gangwar

The minister said that the laws protect the workers' right to strike and it has not been "taken away from them in any manner

From road transport to health insurance, tax rules that changed from Oct 1

TCS at the rate of 5% imposed on money remitted outside India

Record e-way bills generated in Sept, signal economic revival: Finance secy

Pandey said that almost 2.62 million e-way bills were generated on September 30, which was the highest ever count so far in a single day

Exports grow 5% in September in another sign of economic recovery

Commerce & Industry minister Piyush Goyal tweeted that exports stood at $27.50 billion in September 2020 against $26.02 billion in the same period last year

Committee looking to capture informal sector activities stuck on sample

The issue is whether the annual survey should change the sample every time as is done currently when this survey comes out after a gap of five years