Page 1178 - Economy & Policy News

India's wheat exports rise to $872 million in April-October period

In volume terms, wheat exports during the said period rose by more than 527 per cent to 3.2 Million Tonnes (MT)

India's current account slips into deficit in second quarter

Net services receipts decreased marginally over the preceding quarter but increased on a year-on-year basis

Core sectors output slows in Nov to 3.1% month-on-month: Govt data

In October, core sectors' output had grown by 8.4%

Centre's fiscal deficit touches 46.2% of annual target till Nov-end

The fiscal deficit had surged to 135.1% of the full-year target during the same period last fiscal year

India Inc welcomes deferment of proposed GST hike on textiles

The proposal intended to hike GST rate on apparel from 5 to 12 per cent

GST Council defers hike in rates on textiles from 5% to 12%

Several states said in the meeting that there was no clarity on GST to be imposed on apparel, clothing and textile products, says Andhra FM

'Registration of homes in Mumbai city declines 52% in Dec; up 70% for 2021'

In the entire last year, 65,633 homes were registered

Industry body seeks Odisha CM's intervention in resolving coal shortage

An industry body has sought the intervention of Odisha Chief Minister Naveen Patnaik in resolving the acute coal shortage faced by captive power plants in the state.

FM Nirmala Sitharaman to chair 46th meeting of GST Council today

Union Finance Minister Nirmala Sitharaman will chair the 46th meeting of the GST Council in New Delhi today.

Central govt notifies new rules for enhancing consumer protection

The Centre on Thursday notified rules for Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021.

Madhya Pradesh gets drinking water supply schemes worth over Rs 15K cr

Drinking water supply schemes worth Rs 15,381.72 crore have been approved for Madhya Pradesh under the Jal Jeevan Mission at the State-level Scheme Sanctioning Committee (SLSSC) meeting.

GST Council to discuss rollback of inverted duty structure in textiles

Former West Bengal Finance Minister Amit Mitra and Telangana Industries Minister K T Rama Rao had earlier urged the Centre to roll back the proposed GST rate hikes in textiles

Semiconductor mission launched by IT minister Ashwini Vaishnaw

The India Semiconductor Mission is a specialised and independent business division within the Digital India Corporation

Not like children's books, learning kit books to attract GST: AAR

The AAR agreed at the outset the kit box/book should be covered under heading 4903

Food subsidy in FY22 to be about Rs 4 trn vs BE of Rs 2.4 trn: Food secy

Under NFSA, the Centre gives highly subsidised food grains at Rs 1-3 per kg to over 810 million people through the public distribution system

Raise your share in centrally-sponsored schemes: States to FM Sitharaman

States also want GST compensation extended till 2027

Govt extends FY21 GST annual return filing deadline till February 28

The government has extended by two months till February 28 the deadline for businesses to file GST annual returns for 2020-21 fiscal ended March 2021.

Fully support idea of deploying 5G 'small cells' on electric poles: COAI

The association noted that a key driver of effective 5G implementation is deployment of small cells

Firms can submit proposals for semiconductor fabs, display units from Jan 1

Companies can submit proposals for setting up semiconductor and display manufacturing units from January 1

Niti Aayog vice chairman stresses on increasing bamboo supply to industries

Kumar said the need of the hour is to work on increasing the supply to meet the growing demand for bamboo