Page 1289 - Economy & Policy News

Entitlement under SEIS for services exports in FY20 capped at Rs 5 crore

The facility to claim benefits under SEIS on payments in Indian currency will not be available for services rendered in FY20

See formal sector at pre-Covid level by year-end: Montek Singh Ahluwalia

Ahluwalia said he is in favour of NMP that will look to unlock value in infrastructure assets across sectors ranging from power to road and railways

Modi's US trip: Economic agenda relatively low key compared to earlier one

One of the reasons for the overall low-key economic angle to the visit is the late finalisation of the travel itinerary

Employment recovery for salaried class excruciatingly slow: CMIE

The recovery in employment after the pandemic-induced disruptions has been uneven, with job losses being concentrated among salaried employees and entrepreneurs

Banks should be more liberal on issues like exchange rates: Goyal

Union Commerce Minister Piyush Goyal on Thursday asked bankers to be "more liberal" on aspects like exchange rates while serving the exporters segment.

Modi meets Adobe CEO Narayen, discusses company's investment plans in India

Prime Minister Narendra Modi on Thursday met President and CEO of Adobe Shantanu Narayen and discussed the California-based software giant's collaboration and future investment plans in India.

PM Modi discusses India's RE landscape with US-based solar manufacturer

Prime Minister Narendra Modi on Thursday discussed India's renewable energy landscape with the head of a prominent US-based manufacturer of solar panels.

PFRDA kick-starts pension awareness campaign; observes NPS Diwas on Oct 1

Ahead of NPS Diwas next month, pension regulator PFRDA has kick-started a campaign to create awareness about the need for a pensioned society in the country.

Upper middle class to revive consumption cycle again soon: Report

The top 20 per cent of upper-income consumers will help recover the near-term consumption demand, as per a report

Decoded: What is a PUSA decomposer? How can it discourage stubble burning?

Every year, over 5.7 million acres of paddy stubble is burned on farms in Punjab and Haryana, leading to severe environmental issues

India's palm oil imports to drop 9% as farmers expand oilseeds area

By Rajendra Jadhav

Petrol prices not coming down as states don't want it under GST: Puri

Petrol prices in the country are not coming down as the states do not want to bring fuel under the ambit of the GST, Petroleum Minister Hardeep Singh Puri said.

Finance Ministry to seek ratings upgrade for India in meeting with Moody's

The meeting is scheduled for September 28, according to people familiar with the matter

Indian refiners' August crude processing lowest in 10 months

Refiners processed 4.36 million barrels per day (18.44 million tonnes) of crude oil last month, the lowest since October 2020 and about 4.8% lower than 4.58 million bpd processed in July.

India, other G24 nations call for gradual withdrawal of 'Google tax'

The G24 now pressed for a gradual removal of unilateral measures, simultaneous to revenue gains from the implementation of Pillar 1

India, UAE to sign trade pact by Mar 2022; Round-1 of CEPA talks this week

A new strategic economic pact is expected to increase bilateral trade in goods to $100 bn, services t $15 bn in 5 years

Single window system launched, to improve ease of doing business

18 departments, 9 states on board single window portal

ADB trims India's FY22 growth forecast to 10% on second wave impact

Downward revision stems from India's economic recovery getting impacted due to spike in Covid-19 cases in May, the agency said

FDI equity inflows up 112% to $20.42 bln in Apr-July period: Govt data

Total FDI comprises equity inflows, reinvested earnings and other capital.

PMUY 2.0 nears 10 mn LPG connections target, 9.5 mn KYCs already in place

2.3 million connections disbursed between August 10 and September 15