Page 1126 - Economy & Policy News

Art, jewellery, cars, stocks, real estate: Where do the ultra-rich invest?

According to Knight Frank report, art emerged as the top investment avenue

GST collections up 18%, cross Rs 1.3 trn in Feb despite Omicron curbs

Analysts are confident that GST collection for the current financial year will cross the Budget targets

UPI logs 4.52 bn transactions worth Rs 8.26 trn in Feb, lower than Jan

In FY22 so far, UPI has processed a little over 40.49 billion transactions worth Rs 74.51 trillion

BBNL's cancelled tender for connecting villages shows complexity in bidding

To offer the higher service requirement, operators would need to ensure uninterrupted power, safety of cables and so on

BS Number Wise: Jobs added for women, but gender disparity remains

In 2021-22, one female will hold a job for every four males employed. In 2020-21, the ratio was 1:5

India is committed to address plastic pollution: India at UNEA

In her address at the assembly being held in Nairobi, she also said that India had piloted a resolution on addressing single-use plastic product pollution in the last UNEA in 2019

Corrugated box manufacturers seek cut in GST rates to benefit MSME sector

The Association also requested the government to take necessary steps to offset the Kraft paper shortage and control the steep increase in the prices of Kraft

Ultra HNIs allocate 29% of wealth to buy primary, second homes in 2021

Nearly 30 per cent wealth of Indian ultra-high-net-worth individuals (UHNWIs) was allocated towards purchase of principal and second housing properties last year, according to Knight Frank.

Ukraine war may see import bills topping $600 bn this fiscal: Report

The ongoing crisis in Ukraine is set to push the country's import bills beyond the $600 billion this fiscal, which can lead to a spike in inflation and current account deficit, and a falling rupee

GST collection up 18% YoY at over Rs 1.33 trn in Feb: FinMin

This is the first time cess collection has crossed the Rs 10,000 crore-mark, signifying recovery in certain key sectors, especially automobile sales

Top headlines: Ayci declines AI CEO role; Indian student dies in Ukraine

Business Standard brings you the top headlines on Tuesday

Russia-Ukraine crisis to widen India's current account deficit: Ind-Ra

The crisis is expected to increase prices of mineral fuels and oils, gems and jewellery, edible oils and fertilisers

Number of ultra HNIs in India up 11% in 2021 at 13,637: Report

The number of ultra-high-net worth-individuals, having net assets of $30 million (about Rs 226 crore) or more, in India increased 11 per cent last year

Ease of doing business: Sitharaman to launch e-Bill processing system

The Finance Minister had announced this major e-governance initiative in the Union Budget 2022-23 presented in Parliament on February 1

Investments through P-notes decline to Rs 87,989 crore in January

Investments in the Indian capital market through Participatory notes (P-notes) dropped to Rs 87,989 crore at the end of January

ATF price hiked by 3.3% to all-time high levels; fifth increase this year

Jet fuel prices on Tuesday were increased by 3.3 per cent to all-time high levels across the country, in step with international oil prices surging to over seven-year-high.

Power consumption grows 2.2% to 105.54 billion units in February

Power consumption in February 2021 was 103.25 BU, a tad lower than 103.81 BU in the same month of 2020, as per the power ministry data.

Govt promoting setting up FPOs to boost income of small farmers: Tomar

"There is a need to expand FPOs as the number of small and marginal farmers are high in our country," Tomar said

Russia-Ukraine crisis: Sunflower prices heading north in South India

The price increase in other parts of India has not been that steep so far

India and Japan renew bilateral swap arrangement of $75 billion

Essentially, BSA is a two-way arrangement where both authorities can swap their local currencies in exchange for dollars