Page 1071 - Economy & Policy News

RBI restores pre-Covid timing of financial markets effective April 18

The trading hours were revised when the Covid-19 pandemic struck due to the opera­tional dislocations

Gender equality: Rank declines a notch in 2022 against last year

India's position went down despite its score remaining 74.4 out of 100 in all the three years

Gujarat tops NITI Aayog's State Energy and Climate Index Round 1

Gujarat was followed by Kerala and Punjab

GST Council meeting unlikely this month as some issues couldn't be taken up

Currently, GST is a four-tier structure attracting tax rates of 5, 12, 18, and 28 per cent

Trai slashes 5G spectrum base price in 3300-3670 MHz band by around 36%

Since last year, telecom companies have carried out 5G trials in the 700 MHz, 3.5 GHz, and 26 GHz bands

Nepal's decision to ban import of non-essential items may hit India hard

Nepal is India's ninth largest export destination with $9.6 billion of exports to the landlocked country in calendar year 2021

Power crisis: Inter-ministerial coordination in spotlight again

Numbers indicate that the availability of rakes or freight wagons is a key issue that may lead to a possible power crisis by June

GIFT City's aircraft leasing business struggles amid confusing rules

Despite generous tax breaks, opaque and confusing rules have companies struggling to get off the ground

India on its way to becoming global energy superpower: Hardeep Singh Puri

"Global energy superpower means we will set the pace for global consumption, becoming a significant producer by way of exploration and production of different sources of energy," he added

Average time taken for customs clearance of imports comes down: CBIC

The National Time Release Study 2022 presents annual report of cargo clearance process through 4 categories of ports -- seaport, Inland Container Depots, Air Cargo Complexes and Integrated Check Posts

Trai recommends 36% reduction in base price of prime 5G spectrum

The government is aiming to begin roll-out of 5G services by end-March 2023 in India, which is the world's second-biggest wireless market with over a billion subscribers

FM Nirmala Sitharaman stresses on timely completion of IMF quota review

The meeting took place ahead of the upcoming Spring Meetings of IMF in Washington DC

RBI's surprise hawkish pivot spurs economists to move up rate calls

The RBI surprised markets Friday by saying it now prioritizes tackling inflation over supporting economic growth

Rajnath exhorts US defence majors to join 'Make in India', 'Make for World'

Defence Minister Rajnath Singh on Sunday met with US aerospace and defence majors Boeing and Raytheon and exhorted them to take advantage of the policy initiatives in India aimed at 'Make in India'

Food prices likely pushed India inflation to 16-mth high in March: Poll

The full effect of the spike in crude oil and global energy prices following Russia's invasion of Ukraine in late February is not expected to appear in consumer prices until April

Top headlines: Nifty firms' Q4 profit to surge, LIC IPO launch likely soon

Business Standard brings you the top headlines this morning

Govt likely to wait until ceasefire to announce Russia payments deal

An inter-ministerial group headed by the finance ministry has been meeting regularly for over a month to analyse and discuss payment mechanisms that can work under the current circumstances

KYC norms likely for online skill gamers to curb money laundering

If platforms facilitating online gaming with stakes are brought within the PMLA's purview, such companies would have to follow the know your customer (KYC) norms while onboarding users

Discoms' outstanding dues to gencos rise 17.3% to Rs 123,244 cr in April

Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.

High 5G spectrum prices may push players up against the wall: COAI DG

The spectrum auctions are slated to be conducted in 2022, to facilitate the rollout of 5G mobile services within 2022-23, by private telecom providers.