Page 1003 - Economy & Policy News

Inverted duty correction on GST Council's agenda in next week's meeting

GST Council may discuss easing of registration norms for e-sellers

India's Russian imports up 3.5 times on oil buys despite Western pressure

It's now the 4th largest petroleum supplier for India with exports worth $1.3 bn in April

GST enforcement: A fine balance in catching fraud, not harassing taxpayers

The government has tightened GST norms. But some of the changes have caused 'inconvenience' to taxpayers, to say the least

Ban on loading through credit lines: PPIs call for clarity from RBI

Opinion is divided over whether or not the circular will impact the popular 'Buy Now Pay Later (BNPL)' schemes offered by many fintechs

Cut-off yields ease by 7-8 bps at State bond auction as borrowings taper

This week, spread between weighted average 10-year SDL and 10-year GOI bond yield was up slightly to 37 bps from 36 bps earlier

5 years on, work still in progress: The promises, challenges of GST regime

While tax evasion, technical glitches, and litigation continue to plague the indirect tax system, the revenue collections have picked up in recent months

Govt dept to collaborate with SBI to create integrated pension portal

The Centre's Department of Pension & Pensioners' Welfare (DoPPW) will collaborate with SBI to create an integrated pension portal to enhance ease of living of pensioners, an official statement stated

Your life insurer may soon be able to offer a health insurance policy too

It is speculated that health insurance premium range may get lowered by 5-10 per cent if Irdai allows life insurers to design and sell medical insurance

Five years of GST: Indirect tax reformed, but there's still some way to go

July 1 will mark five years of goods and services tax (GST) in India. Starting today, we track the journey through a series of reports

Expedite NPA resolution, focus on credit growth: Finance ministry to PSBs

Banks have been asked to put up branches in unbanked villages

India Inc bullish on Agnipath scheme, vows to hire soldiers in 4 years

Bullish on the prospects, Kiran Mazumdar Shaw, founder chairman of pharma major Biocon, said Agniveers will have a distinct advantage in recruitment in the industrial job market

India facing twin deficit problem due to commodity prices, subsidy: FinMin

But says the country faces low risk of stagflation

Govt extends telecom PLI scheme by a year, ups incentive by Rs 4,000 cr

Expands scope to cover design-led manufacturing; policy has also been amended to build a strong 5G ecosystem

Recovery tracker: Fewer vehicle registrations, workplace visits dwindle

Electricity generation lower than before as monsoon sets in

India faces near-term challenges; better placed to deal with them: FinMin

India's medium-term growth prospects remain bright as pent-up capacity expansion in the private sector is expected to drive capital formation, employment generation in rest of this decade, says report

India, EU trade pact to help open doors for several domestic sectors

It will open the doors, we believe, to our textiles, leather, pharma, sports goods, some agri products, handicrafts, handlooms. All this will get a bigger market: Piyush Goyal

DoT introduces design-linked incentive scheme, extends telecom PLI by 1 yr

Applications are invited from June 21 for incentive of more than Rs 4,000 cr

Need to protect consumers from consolidation of internet-economy: Govt

The government said consumer complaints related to online transactions are rising and pointed out that of the total complaints registered last month on NCH, 38-40% pertained to e-commerce trade

Boris Johnson hails India-UK free trade agreement as 'biggest of them all'

Johnson and PM Narendra Modi during UK PM's visit had announced that the negotiating teams on both sides must work towards a Diwali timeline for the completion of a draft free trade agreement.

India faces slowing growth but low risk of stagflation: Finance Ministry

Country faces near-term challenges in managing fiscal deficit, reining in inflation and containing CAD while maintaining a fair value of the rupee