Page 46 - Indivjal Dhasmana

Small fiscal stimulus in the second package amid festival seasons

Adds little to earlier Rs 20 trillion package, fiscal cost is modest against Rs two trillion in earlier one; PSE policy announced earlier yet to be detailed, farm bills enacted

Food prices push retail inflation to 8-month high of 7.34% in Sept

Inflation above RBI's comfort zone of 6% for six straight months, Q2 inflation slightly higher than MPC's projection, MPC may refrain from cutting rate in December policy too

GST Council meet on compensation mechanism inconclusive for second time

Kerala Finance Minister Thomas Isaac said, Sitharaman's announcement that she would permit 21 states to borrow in line with Option 1 was illegal

Firms likely to move court against arrest provisions under GST laws

While the government claims that companies are booked under GST laws for fraudulently claiming the input tax credit, experts find loopholes in the provisions, particularly those related to arrests

E-invoicing to be extended to all firms from Apr 1 in phases: Finance secy

The IRN generation has grown by 163 per cent from October 1 - 7

Customs department seeks to allay free-trade agreements misuse concerns

A new provision was introduced in February in the Customs Act for strict verification of rules of origin of imports under FTAs

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