Page 1060 - Economy & Policy News
GST Council has not sought states' views on hiking tax rates: Report
The Council had last year set up a panel of state ministers, headed by Karnataka Chief Minister Basavaraj Bommai, to suggest ways to augment revenue by rationalising tax rates
 "GST Council has not sought states' views on hiking tax rates: Report")
Why India is unlikely to double farmers' income by the end of this fiscal
The current growth in the Indian cultivator's real or inflation-adjusted income, at about 3.5 per cent, is barely a third of the growth rate required to achieve this goal
 "Why India is unlikely to double farmers' income by the end of this fiscal")
MPC panel to get a new face: Rajiv Ranjan likely to replace Mridul Saggar
Rajiv Ranjan likely to replace Mridul Saggar in rate-setting panel
 "MPC panel to get a new face: Rajiv Ranjan likely to replace Mridul Saggar")
Will Rajiv Kumar's exit change the rules of the game in NITI Aayog
Aayog will have third vice-chairperson from the next month, while erstwhile Planning Commission that NITI replaced, Montek Singh Ahluwalia had an unhindered stint of almost 10 years as deputy chairman
 "Will Rajiv Kumar's exit change the rules of the game in NITI Aayog")
Dedicated freight corridors cost revision: Railways to move Cabinet soon
Eastern, western freight corridors have seen 54% cost escalation
 "Dedicated freight corridors cost revision: Railways to move Cabinet soon")
European Union to pursue trade deal with India to reduce its ties to Russia
European Commission President Ursula von der Leyen is on a two-day visit to India.
 "European Union to pursue trade deal with India to reduce its ties to Russia")
Niti Aayog's draft EV battery policy leaves too many unanswered questions
The mode of financing vehicles without a battery has not been spelt out
 "Niti Aayog's draft EV battery policy leaves too many unanswered questions")
Exports of ceramics and glassware products touch $3.5 bn in FY22
Exports of ceramics and glassware products touched a "record" $3.5 billion in 2021-22, the commerce ministry said
 "Exports of ceramics and glassware products touch $3.5 bn in FY22")
How India achieved $50 billion export target in agriculture sector
The Department of Commerce charted out a plan to address these issues and 'for the first time reached out to not just the States but also at the district and village level farmers'
 "How India achieved $50 billion export target in agriculture sector")
India's oil import bill doubles to $119 bn in FY22 as energy prices soar
India's crude oil import bill nearly doubled to USD 119 billion in the fiscal year that ended on March 31, as energy prices soared globally following the return of demand and war in Ukraine.
 "India's oil import bill doubles to $119 bn in FY22 as energy prices soar")
Rent in Delhi-NCR's upmarket locations rise to 5.6% in Jan-Mar: Report
Main streets like Greater Kailash and Karol Bagh in Delhi also witnessed a slight increase in rents on a quarterly comparison
 "Rent in Delhi-NCR's upmarket locations rise to 5.6% in Jan-Mar: Report")
Private sector to drive growth of PFRDA pension schemes: Study paper
The private sector is expected to drive growth of the NPS, which has witnessed exponential rise over the last five years, in terms of number of subscribers as well as assets under management
 "Private sector to drive growth of PFRDA pension schemes: Study paper")
Gadkari announces Rs 10,000 cr expressway project between Aurangabad-Pune
Gadkari said an access- controlled expressway will be constructed between Aurangabad and Pune at a cost of Rs 10,000 crore to considerably reduce the travel time between the two Maharashtra cities
 "Gadkari announces Rs 10,000 cr expressway project between Aurangabad-Pune")
Current power crisis due to sharp fall in generation, not coal shortage
The current power crisis is mainly on account of sharp decline in electricity generation from different fuel sources and not due to non-availability of domestic coal, a top official said on Sunday.
 "Current power crisis due to sharp fall in generation, not coal shortage")
PM Modi to lay foundation of over Rs 20,000 cr projects in J&K today
Prime Minister Narendra Modi will inaugurate and lay the foundation of multiple development initiatives worth around Rs 20,000 crore in Jammu and Kashmir on Sunday.
 "PM Modi to lay foundation of over Rs 20,000 cr projects in J&K today")
Railways records 20.4% growth in its coal transportation in FY 2021-22
The Indian Railways has recorded a 20.4 per cent growth in its coal transportation in the 2021-22 financial year over the previous fiscal, the national transporter said on Saturday.
 "Railways records 20.4% growth in its coal transportation in FY 2021-22")
Centre issues advisory against broadcasting offensive, misleading content
In view of the Jahangirpuri violence and the Ukraine war related coverage, the Centre on Saturday issued a strong advisory warning news organisations to refrain from publishing any offensive content
 "Centre issues advisory against broadcasting offensive, misleading content")
EV adoption likely to stem foreign exchange outgo on oil imports
The imported cost for manufacturing an electric car is very high compared to a ICE-powered model.
 "EV adoption likely to stem foreign exchange outgo on oil imports")
India and UK set Diwali deadline for concluding free trade pact
No pressure from UK over India's stand on Russia, says Shringla
 "India and UK set Diwali deadline for concluding free trade pact")
Will the RBI's efforts to tame inflation, manage growth fail? UBS thinks so
While the RBI's monetary policy committee kept rates steady in its recent policy review in April, UBS expects the Indian central bank to hike rates starting June 2022
 "Will the RBI's efforts to tame inflation, manage growth fail? UBS thinks so")