Page 1226 - Economy & Policy News

Grants, non-philanthropic donations to attract 18% GST, says AAR

Charitable trusts are liable to pay 18 per cent GST on grants and non-philanthropic donations received by them, the Maharashtra AAR has ruled

India's GDP is likely to grow at 10% in FY22, says Bibek Debroy

India's economy is moving towards a higher growth trajectory and is likely to grow at around 10 per cent in 2021-22, Economic Advisory Council to the Prime Minister Chairman Bibek Debroy said

India could bar transactions in crypto, permit holding as assets: Report

India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds

Fitch's rating disappointing but investors see future in India, its reforms

India's economy can expect a minimum rating of A given that all debt is in rupees and there is no external risk posed.

Uttar Pradesh's capex grew 563% in H1; 30% fall for Andhra Pradesh

For instance, while Odisha saw its capex grow by just 12.58 per cent year-on-year, Uttar Pradesh witnessed a 563 per cent rise

Fitch refuses to do a Moody's, retains India's outlook at negative

Also retains ratings at the lowest investment grade

Shifting of LPG subsidy burden helps Centre adhere to budgetary allocations

The subsidy will remain within budgeted levels even though the average international price of LPG from April to October 2021 is 52.49% higher than the full-year average of FY21

Eye on export markets, Tejas debuts in Dubai

Malaysia, Argentina, Egypt - the three countries that have evinced interest in the Indian light fighter

Why COP26 inadvertently shores up coffers of Indian state exchequers

Taxes on alcohol, petrol and diesel make up over half of the state's commercial tax revenues

BS Number Wise: A number for the poor in India

State welfare schemes often benefit the privileged as the government puts off setting up updated measures to define poverty

Sluggish exports may cap pharma YoY revenue growth in FY22, says Crisil

Revenue growth of India's pharmaceutical sector is expected to "moderate" to 9 per cent in FY22, as compared with a healthy rise of 12.5 per cent during the previous fiscal, Crisil said

India plans to achieve half of its renewable potential by 2030

The government needs to decide projects based on equity. For now, most of the renewable projects are concentrated in only a few states

India Inc to press the pedal on fresh investments with PLI, say experts

CEOs say worst is behind and they're re-evaluating plans as capacity utilisation is increasing

India's competition law enough to deal with digital mkt concern: CCI member

The Indian competition law is broad enough to deal with new-age competition concerns in digital markets, member of Competition Commission of India Sangeeta Verma said on Tuesday

India received record FDI in last 7 years, trend to sustain: Piyush Goyal

As per official data, India had attracted a total FDI inflow of $22.53 billion in April-June quarter, up 90% YoY

New-gen issues in India's line of sight as it eyes trade deals

India has been trying to look West for quite some time, but none of the deals have fructified so far

Sugarcane arrears in UP down to Rs 3,895 crore in 2020-21: Govt

Food and Consumer Affairs Minister Piyush Goyal stressed the need to increase productivity and production of sugarcane to boost farmers' income.

Sharad Pawar urges sugar mills to diversify, modernise manufacturing plants

Former Union agriculture minister Sharad Pawar on Tuesday asked sugar mills to diversify into other products like ethanol and CNG to deal with surplus production of sweetener

NPE targets, GST correction may push cellphone production by $15 bn: ICEA

The National Electronics Policy 2019 had set a target to create a USD 400 billion electronics manufacturing ecosystem by 2025

Gem, jewellery exports up 45.2% at Rs 31,241.09 crore in Oct: GJEPC

The overall sentiment in the gem and jewellery industry is quite positive