Page 1241 - Economy & Policy News

Post demonetisation, notes in circulation on rise; so are digital payments

Five years after the demonetisation, currency notes in circulation continue to rise albeit at a slower pace even as digital payments surge with more and more people embracing cashless payment modes

Energy crisis in India, China that helped revive coal is easing for now

Spot power prices have tumbled in India as electricity shortfalls have been addressed

India ready to move into next orbit of growth: SBI Chief Khara

Khara expressed hope that capacity utilisation will improve, and help revive investment demand in the corporate sector

Real GDP expected to grow at 8-9% YoY in Q2FY22: Motilal Oswal

The real GDP is the inflation adjusted figure of all the finished goods and services produced in a country within a specific time period

'Edtech sector to consolidate in investments as schools, colleges open'

The pandemic aided in the exponential growth of the edtech sector

India's share of exports declines among developing countries in 2020

China, the Republic of Korea, and Mexico remained the top traders among developing economies, says WTO report

Fuel pump dealers bleed on sudden excise duty cut on petrol, diesel

Dealers earn a commission of Rs 2.58 a litre on diesel and Rs 3.85 a litre on petrol

Excise duty cut on petrol, diesel could reduce inflation by 30 bps

Petrol's price rise remained elevated even as it moderated to 22.26 per cent in September from 24.01 per cent in the previous month

Book-keeping to actuarial: Govt may ban non-audit services to audit clients

Move will improve corporate governance, address conflict of interest concerns

23 states lower VAT rates on petrol, diesel after Centre's excise duty cut

According to an official statement, states that reduced fuel prices the most were Karnataka, followed by Puducherry and Mizoram

DoT fixes Dec 2022 deadline for transition to new IP addresses

The Department of Telecom has fixed December 2022 as the deadline for internet service providers to customise their network as well as change modem and routers at customer premise

CBIC asks GST officers to block ITC on the basis of evidence, not suspicion

The CBIC has come out with guidelines on blocking of tax credit by GST field officers, saying that such blocking should be on the basis of 'material evidence.'

Rupee, bond may stay calm as Fed's $15-bn taper on expected lines

The US Federal Reserve said it would start its tapering later this month

Retail edible oil prices drop by Rs 5-20/kg in major markets: Food Secy

Edible oil prices in the major retail markets across the country have declined, the official said

No plan to extend free ration scheme beyond November 30, says govt

The Centre has no proposal to extend distribution of free ration via the Pradhan Mantri Garib Kalyan Yojana (PMGKAY) beyond November 30 in view of recovery in the economy

India to use revenue surge to fund welfare programmes, says report

Govt will not utilise a big bump in revenue collection to beat its fiscal deficit target or lower borrowing, say govt sources

Growth measurement crucial for kids at anganwadi centres: Centre

The Centre asked states and Union territories that growth measurement is essential for all children at anganwadi centre

FinMin invites suggestions on taxation from industry and trade bodies

The Finance Ministry has asked for suggestions on taxation from industries and trade bodies for Budget 2022-23, which is going to set the tone for growth of India's economy hit by the COVID pandemic

India's foreign exchange reserves increase $1.9 bn to $642 bn: RBI

The forex reserves increased on a healthy increase in the currency assets and value of gold

Alang's recycling yard turns wary of future amid spike in cruise vessels

Alang sees more cruise ships dock in the past one year than the previous decade but vies for more cargo, defence ships