Page 1161 - Economy & Policy News

Retail inflation for farm, rural workers rise to 4.78%, 5.03% in Dec

Food inflation stood at 2.99 per cent (farm labour) and 3.17 per cent (rural labour) in December 2021, compared to 0.88 per cent and 1.07 per cent respectively in November 2021

Finance ministry doubles January tax devolution to state governments

Front-loading of fund transfer to help states manage Covid, undertake capex

Haryana's unemployment rate the highest in India, shows analysis

State's education performance has also slipped in the last five years

Fintech Association applies to RBI for SRO role in digital lending space

This follows an RBI working group, tasked with studying digital lending by regulated and unregulated financial sector players, recommended creation of SROs to check the activities of such lenders

New tax regime disincentivises charity donations, says study

Ashoka University-CBGA study recommends restoration of inheritance and wealth taxes

Bring EV financing under priority sector lending: Industry body

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY 2022-2023 on February 1

India Ratings sees FY23 GDP growth at 7.6% on sustained govt spending

The ratings agency said it estimates investments, as measured by gross fixed capital formation (GFCF), to grow 8.7 per cent YoY in FY23

Corporate tax this fiscal likely to exceed Budget Estimates by 19%

Direct, indirect tax revenues have been a bright spot for Centre in FY22

Finance Ministry eases expenditure norms to spur spending in last quarter

The relaxation is applicable with immediate effect for the current financial year or until further order

Terms of trade go against farmers in FY22 after a gap of two years

Simply put, farmers are paying a higher price for their agri inputs and for services such as health and education, as compared to the price they receive on the sale of their produce

EPFO adds 1.3 million subscribers in November 2021, clocks 38% YoY rise

Retirement fund body EPFO added 13.95 lakh subscribers on a net basis in November 2021, an increase of nearly 38 per cent compared to the year-ago period, according to the latest payroll data.

182 factoring companies for MSMEs now, up from seven earlier

The RBI has allowed all non-deposit taking NBFC-Investment and Credit Companies (NBFC-ICCs) with asset size of ₹1,000 crore and above to carry on with factoring business

RBI holds special repo auction as GST outflow tightens liquidity

Rs 50,000-cr auction drew bids worth Rs 65,700 cr from the banking system; cut-off rate at 4.06%

Morgan Stanley raises exposure to financials as slew of tailwinds surface

Financials are now the biggest overweight for Morgan Stanley followed by consumer discretionary and industrials

67% of Karnataka-based firms favour phased rollout of Labour Codes: Survey

The survey was done by Karnataka Employers' Association (KEA) and employment law consulting firm BCP Associates

Institutional investments in real estate falls 81% to $670 mn in Dec qtr

The investment period has been captured based on term sheet signed or transaction announcement and not from the actual transfer of capital

Gadkari calls for attracting more foreign investments into MSME sector

He was speaking at a virtual international conference organised by the chartered accountants' apex body ICAI

Greater interaction among govt, academia, industry needed: NITI Aayog V-C

The gross enrolment ratio in India is 27 per cent while the world average is 37 per cent, he said

Tenable Research reveals over 40 bn records were exposed globally in 2021

This is up nearly 78% over 2020. While healthcare and education are most-targeted industries worldwide, APAC region shows another picture, with tech industry and govts being largest victims

'New Covid wave may shave off 100 bps growth in toll collections in FY22'

The recent surge in Covid infections as well as subsequent localised lockdowns emanating from Omicron spread are likely to shave off around 100 bps of growth in toll collections in fiscal year 2021-22