Page 1221 - Economy & Policy News

Real Estate industry to grow at over 75% YoY for next 3 yrs: Report

After being hit hard by Covid-19 due to scarcity of labour and low budget spending, India's real estate industry is now gathering pace and is on the course to healthy recovery.

'Govt planning more tax sops on vehicles bought after scrapping old ones'

The scrappage policy will be one of the key factors to control pollution and create jobs, Union Minister Gadkari said

Foreign Consuls concerned about Deocha Pachami coal mining project

Discomfort stems from Bengal govt's plans to develop what could world's second largest coal mine amid a call for phasing down the fuel at COP26

Indian IT Services to hire about 450,000 people in H2FY22: UnearthInsight

With higher attrition in H2 of 17-19 per cent, the industry is likely to have a net employee addition of about 175,000 in H2FY22, says study

Tracking economic indicators with Consumer Confidence Indices

The Consumer Confidence Indices are released by the RBI every two months. This indicator is the result of a large-scale survey on people's financial health and their plans. Find out more about it here

RAI urges govt to reconsider proposed GST rate hike on textiles, apparels

Retailers Association of India (RAI) on Tuesday urged Sitharaman, state governments and GST Council to reconsider the proposed hike in GST rates on several textiles and apparel items to 12 per cent

Govt encouraging EVs, but will not stop ICE vehicles registration: Gadkari

"I feel that we don't need to make anything (ICE vehicles)mandatory," Gadkari said

FY22 fiscal deficit may be better at 6.6% on stronger tax buoyancy: Fitch

Revenue Secretary Tarun Bajaj has said the government's tax collection kitty will surpass budget estimates this financial year on the back of good direct and indirect tax mop-up.

Recovery tracker: Higher freight numbers, workplace visits on the rise

Power generation has also continued to move higher after Diwali

India's Q2 GDP likely to grow 8.1%, says SBI research report

FY22 projection raised to 9.3-9.6% range

As shops turn to JioMart for stocks, India's salespersons find going tough

Thousands of salespeople representing consumer giants face an existential threat to their business.

14 firms approach govt to settle retrospective taxation cases: Revenue Secy

The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets

'Uniform rate of 12% for MMF textiles sector to reduce compliance burden'

Removal of inverted tax structure on MMF Textiles value chain and uniformity of rates brings relief to textiles sector, says govt

State attracts MoUs worth over Rs 24,000 crore ahead of Vibrant Gujarat

Leading MoUs were those from chemical, electrical equipment and PSU majors like Kiri Industries, Meghmani Organics and Meghmani Finechem, Borosil Renewables, and Indian Oil

Petrol, diesel demand growth to halve due to CNG, ethanol, EV push: Crisil

Refiners may need to trim capacity expansion plans

India, US set to revive Trade Policy Forum after four years

US Trade Representative says priority is to iron out market-access restrictions

Withdrawal of farm laws is a missed chance for a progressive Indian society

India's farm economy sends desperate, landless poor to cities when it should be the bedrock of a more secure and permanent urban proletariat.

Centre clears air on proposal to give away Mumbai High field to pvt sector

There is enough scope for several large and small companies to operate in the offshore and onshore basins in the country as substantial area is still available, says govt

Indian consumers spend to live in the moment despite inflation heat: Survey

Despite global inflationary concerns, Indians are looking forward to having a balanced life with plans to spend on luxuries such as personal care, clothing, vehicle, leisure travel and air travels

India's exports rise 18.8% to $20 billion so far in November this year

The country's exports rose 18.8% to $20.01 billion during the three week period of this month, due to growth in sectors such as petroleum products, engineering goods, chemicals and gems and jewellery