Page 1175 - Economy & Policy News

How the Centre plans to use tax data to settle social justice issues

The govt committee on EWS might have set the template for future; EWS limits and income tax exemption limits are now twinned, if the Supreme Court accepts the panel's report

More than a third of India's urban dwellers oppose crypto law: Survey

Those opposed to regulation cited concerns ranging from heavy taxation to a potential outright ban on non-exchange-traded tokens

Strategies to boost edible oil output won't succeed sans firm purchase plan

Despite MSP spike and higher acreage and yields, India's dependence on imported cooking media has only grown

Food processing minister launches 6 brands under One District-One Product

These six brands are out of 10 that the ministry has signed up with cooperative NAFED for branding and marketing of ODOPs

MFIs seek extension of credit guarantee scheme till FY2023

The industry body said smaller MFIs are finding it difficult to mobilise additional/new investment

Economists see Omicron forcing RBI to delay policy normalisation

The country has reported a single-day rise of 58,097 new Covid-19 cases as of Wednesday morning--the highest in around 199 days-- of which 2,135 are Omicron cases

Restaurant searches, rail traffic: New data sets to gauge Indian economy

There are other metrics too, such as e-way bills, mobility measures and power generation, all of which are used to support the national accounts figures, not replace them

Omicron-induced curbs may pull down Q4 GDP by 10-30 bps, say some experts

Many others agree on the likelihood of damage, but don't offer numbers, saying it is too early and difficult to put estimates in such a changing environment

Housing sales rise 51% in top 8 cities in 2021; office leasing down 3%

Housing sales across top eight cities rose 51 per cent last year, even as the office market continued to slump due to the COVID pandemic with gross leasing witnessing a 3 per cent fall

Hiring intent can rise 9 percentage points in Q4FY22 if no curbs: TeamLease

Out of the 21 sectors reviewed, around 7 can record a growth of more than 10 percentage points in their intent to hire, making the current quarter a good time for talent.

Irdai issues guidelines for promoting, regulating surety insurance business

Surety bonds protect the beneficiary against acts or events that impair the underlying obligations of the principal

Services PMI moderates to three month low in December amid Omicron fears

Data released by the analytics firm IHS Markit showed that the Purchasing Managers' Index (PMI) for services fell to 55.5 in December from 58.1 in November

India's services growth slows in December as inflation pressures persist

Business confidence was at a four-month high in December on robust demand, yet rising coronavirus infections kept it in check

Passenger vehicle retail sales dip 11% in Dec amid semiconductor woes

Passenger vehicle retail sales in India witnessed an 11 per cent year-on-year decline in December as semiconductor shortage continued to impact the segment, automobile dealers' body FADA said

India's exports touch $300 billion in April-December: Piyush Goyal

India's exports touched USD 300 billion during April-December 2021 and would reach USD 400 billion by end of this fiscal, Commerce and Industry Minister Piyush Goyal said on Tuesday.

Father-son duo held by CGST department for fake ITC of Rs 22 crore

A father-son duo has been arrested by the Central Goods and Services Tax department in connection with what is being called as a Rs 22-crore fake input tax credit (ITC) racket.

Released 50% funds earmarked for States, UTs under ECRP-II: Centre

Centre on Tuesday clarified that it has released 50 per cent of funds earmarked for States and Union Territories, and not 26.14 per cent as claimed in some media reports.

Gujarat govt announces reduction in VAT on aviation turbine fuel by 20%

The Gujarat government on Tuesday announced a 20 per cent reduction in value-added tax (VAT) on aviation turbine fuel (ATF) to bring the levy at 5 per cent in a move to boost tourism in the state.

Govt to formulate policy for database for bridges' age, condition: Gadkari

Union Minister of Road Transport and Highways Nitin Gadkari on Tuesday said that the Centre will framework a policy to know the condition and age of all the bridges across the country.

15-year cap on tenure of MD, CEOs of insurance companies on cards

Proposed remuneration to be divided between fixed/variable pay, perquisites