Page 1197 - Economy & Policy News
PM says zero budget natural farming should become mass movement
Zero budget natural farming reduces the cost of agriculture by relying on traditional field-based technologies which lead to improved soil health
 "PM says zero budget natural farming should become mass movement")
Net income tax mop-up in FY22 at Rs 7.4 trn, Rajya Sabha informed
Budget makers are confident that the net tax collection's budgeted target (direct plus indirect) of Rs 15.45 trillion will be exceeded
 "Net income tax mop-up in FY22 at Rs 7.4 trn, Rajya Sabha informed")
No access to alternate electricity sources to defaulting discoms: R K Singh
As on Dec 14, total dues of discoms towards gencos was Rs 98,682 cr; If the disputed amount is included, the dues stand at Rs 1.09 trn, inching closer to the record highs of last year
 "No access to alternate electricity sources to defaulting discoms: R K Singh")
FY23 Union Budget may rewrite SEZ law, says commerce ministry
He said India was also going to relaunch the FTA with Israel by March-April next year.
 "FY23 Union Budget may rewrite SEZ law, says commerce ministry")
WTO panel asks India to withdraw subsidies in sugar dispute
India, the world's biggest sugar producer after Brazil, encouraged overseas sales for three years in a row, helping New Delhi emerge as a significant, stable exporter of the commodity
 "WTO panel asks India to withdraw subsidies in sugar dispute")
No RE investor will come if energy bills not paid, action needed: R K Singh
Power Minister R K Singh expressed concern over rising dues of renewable energy producers that have not been paid by discoms
 "No RE investor will come if energy bills not paid, action needed: R K Singh")
BS Awards 2021 highlights: Indian economy should recover well, say winners
The winners of various awards said that while it will take some time to get over the impact of Covid, the economy is picking pace and projections look good
 "BS Awards 2021 highlights: Indian economy should recover well, say winners")
ADB scales down India growth estimate further to 9.7% in FY22
ADB has scaled down India's growth estimate for the fiscal year ending March 2022 due to supply chain issue of industries
 "ADB scales down India growth estimate further to 9.7% in FY22")
India's exports rise 27.1% to $30.04 bn in Nov; trade deficit at $22.91 bn
Exports during November 2020 stood at $23.62 billion
 "India's exports rise 27.1% to $30.04 bn in Nov; trade deficit at $22.91 bn")
I-T department empowered to demand info from taxpayers for e-verification
The intention is to bring more transparency within the tax agencies and streamline the process of uncovering serious tax evasion or money stashed abroad
 "I-T department empowered to demand info from taxpayers for e-verification")
Air India transaction presents a 'win-win' situation, says Scindia
The disinvestment will provide an opportunity for the airline to rise as a phoenix again, the minister said
 "Air India transaction presents a 'win-win' situation, says Scindia")
Govt earned Rs 8 trn from taxes on petrol, diesel in last 3 fiscals: FM
The excise duty on petrol rose from Rs 19.48 per litre as on October 5, 2018 to Rs 27.90 a litre as on November 4, 2021
 "Govt earned Rs 8 trn from taxes on petrol, diesel in last 3 fiscals: FM")
PM Modi to address farmers on natural farming on December 16
Efforts are underway to promote and support initiatives leading to sustainability of the system, cost reduction, market access and better value realization to farmers
 "PM Modi to address farmers on natural farming on December 16")
Top headlines: PCA framework for NBFCs; Nov WPI inflation spikes to 14.23%
Business Standard brings you the top headlines on Tuesday
 "Top headlines: PCA framework for NBFCs; Nov WPI inflation spikes to 14.23%")
India's exports likely to touch record $400 bn this fiscal: Goyal
Goyal suggested focusing on six areas to build a sustainable, inclusive and resilient ecosystem to further promote partnership with other countries
 "India's exports likely to touch record $400 bn this fiscal: Goyal")
FM to hold pre-Budget consultations with stakeholders beginning Wed
She will be seeking inputs from various stakeholders, including industry bodies, farmer organisations and economists for reviving consumption and boosting growth hit by the COVID-19 pandemic
 "FM to hold pre-Budget consultations with stakeholders beginning Wed")
WPI-based inflation hits 12-year high of 14.2% in Nov on dearer fuel, food
November's figure was up from 12.54% the previous month, as fuel and power prices rose 39.81% on the year versus 37.18% in October.
 "WPI-based inflation hits 12-year high of 14.2% in Nov on dearer fuel, food")
Indian corporate hiring outlook in Jan-March strongest in 8 years: Survey
Indian employers have robust hiring intentions for the next three months, with 49 per cent of companies planning to add more staff in the January-March quarter, a survey said
 "Indian corporate hiring outlook in Jan-March strongest in 8 years: Survey")
Indian economy rapidly recovering from pandemic-induced downturn: Shringla
Shringla also said India's trade figures are promising and that the total foreign direct investment the country received in the current financial year stood at $81.72 billion, the highest ever.
 "Indian economy rapidly recovering from pandemic-induced downturn: Shringla")
Employment outlook at a record high of 8 yrs as employers show optimism
Employers continue to show optimism for the second consecutive quarter according to the latest ManpowerGroup Employment Outlook Survey of 3020 employers.
 "Employment outlook at a record high of 8 yrs as employers show optimism")