Page 1220 - Economy & Policy News
New Wage Rate Index series released; base year revised to 2016 from 1963-65
The new series of WRI with base 2016=100 will replace the old series with base 1963-65
 "New Wage Rate Index series released; base year revised to 2016 from 1963-65")
Tighter rules likely for social media firms, may supersede IT laws: Experts
Players stand to lose safe harbour provisions that protect them from third party content; platforms that do not act as intermediaries may be treated as publishers, held accountable for hosted content
 "Tighter rules likely for social media firms, may supersede IT laws: Experts")
India's crude oil import bill set to breach FY21 tally, say experts
Import bill likely to be a three-year high
 "India's crude oil import bill set to breach FY21 tally, say experts")
India can soar to No.1 slot in air travel by next decade: Scindia
India has the potential to attain the top position in air travel in about a decade, Civil Aviation Minister Jyotiraditya Scindia said on Wednesday
 "India can soar to No.1 slot in air travel by next decade: Scindia")
Centre's road map for J&K to provide freedom from poverty: Gadkari
The road map of the central government for Jammu and Kashmir will provide freedom to the people of the Union territory from poverty and unemployment, Union Minister Nitin Gadkari on Wednesday said
 "Centre's road map for J&K to provide freedom from poverty: Gadkari")
Producers' association writes to Sitharaman to abolish GST on film industry
The association, in its letter addressed to the FM, requested Sitharaman to consider "the pain and agony" the industry is going through
 "Producers' association writes to Sitharaman to abolish GST on film industry")
RBI must keep rates low as long as needed to sustain growth: Assocham
It said that while concerns over inflation, especially in the Wholesale Price Index (WPI), need to be addressed, measures other than reversal of the accommodative stance should be encouraged
 "RBI must keep rates low as long as needed to sustain growth: Assocham")
Airports sector to see Rs 90,000 cr investments in 5 years: Official
The civil aviation sector, which was battered by the coronavirus pandemic that had also resulted in the suspension of domestic and international flight services, is slowly on the recovery path
 "Airports sector to see Rs 90,000 cr investments in 5 years: Official")
Faceless assessment: Taxpayers seek redress from courts over thorny issues
Experts says that the system is a mixed bag of experiences for the taxpayer, but agree that it largely circumvents the principle of natural justice
 "Faceless assessment: Taxpayers seek redress from courts over thorny issues")
IndoSpace commits Rs 1,000 cr for JV to build real estate, logistics parks
The partneship will focus on smaller markets such as Pune, Mumbai, Delhi-NCR, and Bengaluru.
 "IndoSpace commits Rs 1,000 cr for JV to build real estate, logistics parks")
Soon, you won't have to transfer EPF account on job change; here's how
This will ensure that employees no longer have to transfer the money in their provident funds when they change jobs
 "Soon, you won't have to transfer EPF account on job change; here's how")
Need tax parity for Indian, foreign investors in listings abroad: Experts
Domestic investors selling shares of an Indian company listed overseas are taxed at 20 per cent.
 "Need tax parity for Indian, foreign investors in listings abroad: Experts")
No clarity on paddy procurement by Centre, says Telangana govt
There was no categorical assurance from the Centre on the quantity of paddy that it would procure from Telangana this season
 "No clarity on paddy procurement by Centre, says Telangana govt")
Nippon India MF bets big on riskier company bonds as economy recovers
Many companies have used the pandemic stimulus to clean up their balance sheets. "This is giving us the comfort to invest in quality non-AAA papers," said Amit Tripathi of Nippon India MF
 "Nippon India MF bets big on riskier company bonds as economy recovers")
FM hands over Rs 306-cr credit sanction letters to 145 beneficiaries in J&K
Union Finance Minister Nirmala Sitharaman on Tuesday handed over credit sanction letters of Rs 306 crore to beneficiaries in Jammu and Kashmir and announced a host of initiatives
 "FM hands over Rs 306-cr credit sanction letters to 145 beneficiaries in J&K")
Regular India-US engagements under TPF will boost trade, says USIBC
A regular engagement between India and the United States under the bilateral Trade Policy Forum mechanism will help remove barriers to trade, facilitate higher levels of investment, the USIBC said
 "Regular India-US engagements under TPF will boost trade, says USIBC")
Centre releases Rs 95,082 cr to states as November tax devolution
The Centre has released two instalments of tax devolution to the states amounting to Rs 95,082 crore in November, the Finance Ministry said on Tuesday.
 "Centre releases Rs 95,082 cr to states as November tax devolution")
Tamil Nadu to see fresh investments worth Rs 35,208 crore from 59 companies
Signs deal with industry majors like HUL, Adani, Dalmia, TVS and L&T; Over 92,000 jobs likely to be created
 "Tamil Nadu to see fresh investments worth Rs 35,208 crore from 59 companies")
Railways seeks private participation to run tourist trains and packages
Minister Ashwini Vaishnaw says power to price tickets for these services will vest with concessionaire that runs them
 "Railways seeks private participation to run tourist trains and packages")
Our action against defaulters helping banks cut NPAs: FM Sitharaman
Last week, prime minister Narendra Modi had said banks have managed to recover more than Rs 5 trillion from defaulters