Page 1182 - Economy & Policy News

Tough Inflation control steps achieve intended goals, but at no small cost

While the steps have had the desired impact to some extent, experts have criticised them for burdening farmers and going against the concepts of open markets and 'atmanirbharta'

Tax department move to tax goodwill could expand in the next Budget

While the new tax is not retrospective in nature, it will impact foreign companies buying into Indian companies going ahead

Govt has managed revenue deficit better than overall fiscal deficit in FY22

This was despite revenue expenditure accounting for 53.7 per cent of Budget Estimates, while capital expenditure was 45.7 per cent during the first seven months of the current financial year

Over 48.6 mn ITRs filed for FY21 so far, nearly 1.9 mn filed on Dec 28

Over 4.86 crore Income Tax Returns for 2020-21 fiscal have been filed so far including over 18.89 lakh ITRs filed on December 28 alone, the I-T department said on Wednesday

Bihar cabinet approves modernisation of 149 ITIs in collaboration with Tata

The Bihar cabinet on Tuesday approved a project worth over Rs 4,606 crore for modernisation and urgradation of 149 state-owned Industrial Training Institutes to centres of excellence.

J&K signs MoU with Apollo for setting up multi-specialty hospital in Jammu

Jammu and Kashmir on Tuesday signed an MoU with Apollo Hospitals for the establishment of a multi-specialty hospital in Jammu.

NPS subscribers can soon switch asset allocation 4 times in a year

Currently, the subscribers under the NPS scheme are allowed to change the investment pattern twice in a financial year

Govt issues operational guidelines for PLI scheme for textiles sector

An Empowered Group of Secretaries (EGoS) chaired by the Cabinet Secretary will monitor the progress of the scheme

India's real GDP likely to maintain 9% growth rate in FY22, FY23: Report

The Indian economy grew at 8.4 per cent in the second quarter of the current fiscal, as against a growth of 20.1 per cent in the April-June quarter

Recast scheme to stay afloat, says RBI Trend & Progress report

The restructured plan included additional time for repayments, more funding support, and conversion of part of working capital into term credit.

Amount recovered through various channels dropped in 2020-21: RBI report

The IBC route yielded more than Rs 27,000 crore, while around Rs 27,700 crore was recovered through the SARFAESI Act

Rail rake shortage hurts steel delivery of Odisha, Karnataka steel mills

Industry officials said inventory build-up at various plant locations is also an issue

Indians to continue to embrace cryptocurrencies despite RBI concerns

The eighth of year-ender series finds out why retail investment in crypto assets may surge to $15.6 billion by 2030

Govt issues guidelines for textiles PLI scheme worth Rs 10,683 crore

Companies have to inform the ministry of textiles about their annual investment plan.

Direct-selling companies can't promote pyramid scheme, says govt

The direct sellers as well as the direct-selling entities using e-commerce platforms for sale will also need to comply with the requirements of the Consumer Protection Rules, 2020.

Govt's total liabilities rose to Rs 125.71 trillion in Sept quarter: Data

The increase reflects a quarter-on-quarter increase of 3.97 per cent in the July-September period of 2021-22

Govt says GSTN portal working fine as tax consultants list glitches

Industry associations seek extension of deadline to file annual returns.

We'll love to see Intel, TSMC, other chip giants invest in India: MoS IT

India is keen to welcome all semiconductor majors to explore exciting investment opportunities in the country, the minister said

FMCG distributors may extend non-cooperation deadline as talks in progress

The All India Consumer Products Distributors Federation (AICPDF), a body that represents dealers and distributors, is in negotiation with several FMCG makers

Miners body urges govt not to impose anti-dumping duty on caustic soda

Aluminium industry is one of the major consumers of caustic soda in the country