Page 1007 - Economy & Policy News

Creditors will now need to file info about defaults as IBBI amends rules

The amendment also provides for filing copy of GST returns by operational creditors, along with e-way bills as documentary evidence of the debt and default

Close to 12,000 Aadhaar enrolment operators suspended in recent months

This was because of a technical glitch in the document verification process

India, EU look to make a fresh start for a trade deal in Brussels

The launch of fresh negotiations with the EU comes close on the heels of India signing two trade deals, with the United Arab Emirates (UAE) and Australia

Special provisions for emerging markets are non-negotiable: Goyal at WTO

Pushes for reforms in appellate body, which is currently non-functional

CBIC issues guidelines for post audit and refund claims under GST

This is following several reports CBIC received about different practices being followed by the field formations, creating issues for taxpayers

GoM on GST rate rejig to meet tomorrow, may seek extension to submit report

The ministerial panel, headed by Karnataka CM Basavaraj Bommai, will be meeting for the second time since it was set up in September last year

Covid may have forced return of 51.6% urban men to villages: PLF survey

The Periodic Labour Force Survey (PLFS) conducted during July 2020-June 2021 collected information on migration and temporary visitors to households

IBBI amends rules, creditors may get power to remove liquidator under IBC

IBBI wants liquidation timeline reduced

Cabinet clears 5G auction, setting up of captive networks by enterprises

The payment for spectrum can be made annually through 20 equal instalments (to be paid in the beginning of each year), keeping in mind telcos' cash flow issues

Luxury curated travel back with a bang post coronavirus-induced lull

Companies catering to a well-heeled niche report higher than pre-pandemic demand for cruises, road trips in India and abroad

Copyright infringement: Supreme Court allows Puma to withdraw its case

SC said that the matter is still in its nascent stages and that an interim relief has already been given to the sports company

LocalCircles asks MoCA for standard after sales service for white goods

In its letter it has asked for publishing end of life service date on every white good/device, stipulated response time for complaint answering, issue resolution, resolution process

Supreme Court adjourns plea challenging tenure of NCLT judges

The Centre on May 25 had told the apex court that a Committee chaired by the Chief Justice of India held a meeting on April 20 in which the question of the tenure of 23 members of NCLT was discussed

Clamour for govt jobs marked by court cases, cheating and caste equations

The pan-India fascination about central govt jobs is the context of PM Modi's new plan to recruit one million staffers within less than two years

Higher margins could push farm exports to FY22 level despite ban: experts

Actual agriculture exports in FY22 were $47.41 billion, up almost 19% over FY21. This was among the highest ever agriculture exports in value terms by India

Production of petrol, diesel sufficient to take care of demand surge: Govt

Sufficient supplies of petrol and diesel are being made available to cater to the extra demand, says Ministry of Petroleum & Natural Gas

Group of Ministers on GST rate rationalisation to meet on June 17

The GST Council, comprising finance ministers of the Centre and states, is likely to meet by the end of this month and will discuss, among other things, the GoM interim report on rate rationalisation

Rupee slips 13 paise to close at all-time low of 78.17 against US dollar

Lacklustre trend in domestic equities and persistent foreign fund outflows weighs on investor sentiments

India's petrol, diesel sales jump in first fortnight of June

Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.

Exports rise 20.55% to $38.94 bn in May; trade deficit at record $24.29 bn

India's merchandise exports in May rose by 20.55 per cent to $38.94 billion, while the trade deficit ballooned to a record $24.29 billion, according to the government data released