Page 1184 - Economy & Policy News

Planning wider implementation of mandatory gold hallmarking: Centre

The rollout of mandatory hallmarking of gold jewellery in 256 districts has been smooth so far, according to the Consumer Affairs Ministry.

Realtors on firm ground after tackling pandemic gloom; high hopes for 2022

A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year

India online used car sales to reach 8.3 mn units by 2026: Report

India saw three online used car platforms -- Droom, CarDekho and Spinny -- becoming unicorns in 2021 and the used car sales are expected to grow to 8.3 million units by 2026, a report showed

India's renewables boom set to lift power exchange spot trading

Coal dominates Indian power generation but that is changing, with renewables accounting for more than 80% of new capacity last year, according to BloombergNEF

AYUSH industry established market of $18 mn in world: Sarbananda Sonowal

Sarbananda Sonowal has said that the AYUSH industry has succeeded in establishing a market of $18 million in India and the world

Decent growth expected in FY23, says MPC member Jayanth R Varma

"I believe that monetary policy should be conscious of this risk, and that we should stand ready to prevent such an outcome," he said

India imposes antidumping duty on 5 Chinese goods for 5 years

India has imposed antidumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports

India's textile and apparel exports outshine pre-Covid numbers

Export of all commodities in the segment was valued at $263 billion during the April-November period in 2021-22

Sunny days await job seekers as economic recovery hopes energise companies

The pandemic, which hit the country hard in early 2020, adversely impacted the job market, both formal and informal segments, in most sectors.

Coal ministry readies host of reforms for the next five years

The ministry plans to float a note for the Union Cabinet's approval by February and kick-start the new auction process by the middle of next year

Govt likely to dilute draft e-commerce norms as consultation ends

Revised definition of e-commerce entity has been a bone of contention

How govt, pvt sector readied to steer India to path of sustainable energy

Experts agree that the challenge will come from the ground, especially state-level departments and consumers

Host of changes in GST law to come into effect from January 1, 2022

The GST regime will see a host of tax rate and procedural changes coming into effect from January 1, including liability on e-commerce operators to pay tax on services provided through them by way of passenger transport or restaurant services.

Banking sector set to witness significant reforms in the new year

Privatisation of public sector banks and strategic disinvestment of IDBI Bank on the agenda of the government for 2022

Over 44.3 mn income tax returns filed till December 25 for 2020-21

Over 4.43 crore income tax returns (ITRs) for the 2020-21 fiscal have been filed, which includes over 1.16 mn returns filed on December 25, the I-T department said

Aluminium industry seeks cut in basic custom duty on critical raw materials

The domestic aluminium industry has sought reduction in basic custom duty and correction in inverted duty structure on critical raw materials

439 infrastructure projects show cost overrun of Rs 4.38 trillion

As many as 439 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.38 lakh crore, according to a report

Indian electronics manufacturing sector to touch Rs 7 trn next fiscal

The government continues to make efforts to move up in the global electronics supply chain and is expected to come up with new policies and incentive schemes for wearables and IT hardware

Govt to tweak subsidy policy to promote local production of P&K fertiliser

A decision in this regard was taken in a high-level meeting chaired by Union Minister for Chemicals and Fertilizers Mansukh Mandaviya

Assam's growth rate declines, fiscal deficit, debts rose in 2019-20: CAG

Assam has recorded a decline in its growth rate while its fiscal deficit, outstanding debt and public debt have increased significantly at the end of 2019-20, a CAG report said