Page 1002 - Economy & Policy News
RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal
Central bank has to target inflation but with 'awareness of nuances',' she says in interview.
 "RBI aim is to not have over-tightening or over-stimulus: MPC's Ashima Goyal")
Indian orthodox tea gets a boost as crisis impacts Sri Lankan trade
India - which has just stepped into the quality period for orthodox - is reaping the benefits of the anticipated shortfall
 "Indian orthodox tea gets a boost as crisis impacts Sri Lankan trade")
Govt won't offer tax waivers to be part of global bond index sooner
Under existing rules, an overseas investor is required to pay a short-term capital gains tax of 30% if a listed bond is sold within 12 months
 "Govt won't offer tax waivers to be part of global bond index sooner")
Govt to use ration card database for other welfare programmes: Food Secy
India's wheat exports reach nearly 3 million tonnes and it is considering some nations' requests for supplies: Sudhanshu Pandey
 "Govt to use ration card database for other welfare programmes: Food Secy")
Fitment committee rejects demands to reduce GST rate on over 200 items
The Council unlikely to decide on crypto assets in next week's meeting
 "Fitment committee rejects demands to reduce GST rate on over 200 items")
Transactions to paper trail: CBDT clears the air on TDS levy on cryptos
From July 1, TDS of 1 per cent will be levied on payments towards virtual digital assets or cryptocurrencies beyond Rs 10,000 in a year
 "Transactions to paper trail: CBDT clears the air on TDS levy on cryptos")
Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi
The prime minister also said his government has brought about transformative changes to enable technology-led growth, in sectors such as space, new economy, green energy, and data
 "Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi")
Wheat exports reach 3 mn tn; govt considering requests from other nations
On plans to ban wheat flour (atta) export, Food Secretary Sudhansu Pandey said the government is monitoring the situation and would take steps at appropriate time.
 "Wheat exports reach 3 mn tn; govt considering requests from other nations")
Plenty of gaps in food inflation control measures, complain industry bodies
They say some measures have spawned malpractices on the part of exporters, others have been partial to a certain section of traders
 "Plenty of gaps in food inflation control measures, complain industry bodies")
A primer on GOI's hidden power centre and why the CSS calls the shots
The overwhelming number of officers in the CSS cadres are an indication of the clout it wields on key policy decisions across ministries
 "A primer on GOI's hidden power centre and why the CSS calls the shots")
Account aggregator system for credit access all set to onboard GSTN, PSBs
It is also in talks with insurance behemoth Life Insurance Corporation (LIC) to start the onboarding process
 "Account aggregator system for credit access all set to onboard GSTN, PSBs")
Big rate hikes to be the global norm as inflation remains a challenge
With no end in sight to Russia's invasion of Ukraine, commodity prices remain elevated and supply chains remain disrupted
 "Big rate hikes to be the global norm as inflation remains a challenge")
Expecting 7.5% growth in Indian economy this year: PM Modi at BRICS forum
Kind of digital transformation taking place in India never seen anywhere in world earlier, says PM Modi in virtual address at BRICS business forum
Foreign exchange reserves up by $30.3 bn in FY22, shows RBI data
The Reserve Bank of India on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during 2021-22
 "Foreign exchange reserves up by $30.3 bn in FY22, shows RBI data")
India reports CAD of 1.2% of GDP in FY22 on widening trade deficit: RBI
Current account deficit narrows to $13.4 bn or 1.5% of GDP in March qtr against $22.2 bn or 2.6% of GDP in December qtr, say RBI
 "India reports CAD of 1.2% of GDP in FY22 on widening trade deficit: RBI")
MPC minutes flag inflation worry; aim to bring CPI within target band by Q4
CPI inflation was 7.04% in May. In its June policy review, the MPC raised repo rate by 50 bps to 4.9%, taking the total tally of rate hikes since May to 90 bps
 "MPC minutes flag inflation worry; aim to bring CPI within target band by Q4")
ITR filing for AY 2022-23 now available on e-filing portal, says I-T Dept
'Check your Form 26AS, AIS and other relevant documents before submission. Be an early filer,' says I-T Dept
 "ITR filing for AY 2022-23 now available on e-filing portal, says I-T Dept")
GST Council may defer decision on taxing crypto assets in June 28-29 meet
Fitment panel proposes deeper study by Haryana and Karnataka and asks to submit report to the panel for further deliberations
 "GST Council may defer decision on taxing crypto assets in June 28-29 meet")
India needs $223 bn to meet 2030 renewable capacity goals: Report
India will need $223 billion of investment to meet its goal of wind and solar capacity installations by 2030, according to a new report
 "India needs $223 bn to meet 2030 renewable capacity goals: Report")
Renewable energy auctions to attract large developers: IEEFA Report
Large developers in the renewable energy sector have enough options to boost returns even as challenges mount and will fight aggressively in the various auctions scheduled in 2022
 "Renewable energy auctions to attract large developers: IEEFA Report")