Page 1292 - Economy & Policy News

IT-BPM industry welcomes GST clarification on intermediaries

This is a long-standing issue between the IT-BPM industry and the government

Kharif foodgrain output likely to touch record 150.5 mt this year

In 2020-21, pulses production went down by 6.65 per cent between the first and fourth advanced estimates

Climate financing and aid takes centre stage at high-level UN meeting

Bhupendra Yadav, union minister for environment forest and climate change, called upon developed countries to fulfil their promise of the $100 billion per year goal made in 2009

Govt eases rules for ammonium nitrate, calcium carbide to improve safety

This was done in the backdrop of the lessons learnt from the deadly Beirut explosion that killed about 140 people in August 2020

Supplies to IT/ITeS parent firms eligible for refunds, clarifies CBIC

The move comes as a major relief to several entities that were denied refunds when they were exporting services to their parent or subsidiary companies abroad

Insurers likely to further tighten underwriting norms for term plans

The source also added that retail term plan prices may go up further, even though the reinsurer has not specified it at this point in time

Borrowing by state govts 11% lower than last year: CARE Ratings

25 states, 1 UT have raised Rs 2.92 trn, against Rs 3.27 trn by 27 states, 2 UTs last fiscal

India's oil imports rose to four-month high in August, shows data

Oil imports last month rose about 23% from July and about 6.2% from the same month last year

Hiring sentiment highest in India, 17% firms keen on freshers: Survey

Sectors that have withstood pandemic impact and have had a stronger hiring sentiment are IT (31%), telecom (25%) and tech startups (25%)

ASCI launches 'Advertising Advice' for brands to check code violation

Expert panel to offer non-binding advice, for a fee, at pre-production stage on advertising claims and depictions

OECD trims India's economic growth forecast to 9.7% for FY22

If the projections come out to be correct, India's economy would be the fastest growing large economy in both these years

India plan for tighter e-commerce rules faces internal govt dissent: Report

The Ministry of Finance is said to have described some proposals as 'excessive' and 'without economic rationale'

Govt spending Rs 14,500 crore on airports before 'privatising' them

The government had earlier stated that it would be spending Rs 25,000 crore on all airports across India

Govt sets 307.33 mt foodgrain production target for 2021-22 crop year

The Centre has set a target of 307.33 million tonne of foodgrains production for the current 2021-22 crop year ending June

India seeing consumption revival; spending on discretionary increasing

Indians are slowly making their way back to the office and is witnessing a consumption revival in the country with spending intent shifting towards more discretionary items

11 thermal plants around Delhi directed to co-fire biomass pellets

The Centre's air quality commission said this can utilise millions of tonnes of biomass, address the issue of stubble burning and reduce air pollution

Road length rises 17% to 6.39 mn km, registered vehicles 41% in 2015-19

The number of registered vehicles in India rose by 41 per cent to 296 million in 2019 from 210 million in 2015, according to the Road Transport and Highways ministry data

GST panel to consider giving waiver on one day interest, late fee

As some taxpayers faced difficulties in filing GST return on Monday, the tax department on Tuesday said the IT grievance redressal committee would consider giving interest and late fee waiver

Swiss gold exports to India surged to five-month high in August

Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday.

Kharif foodgrain output estimated at record 150.50 mn tonne this year: Govt

India's foodgrain production is likely to touch record 150.50 million tonne in the ongoing kharif season on better rice output amid good monsoon, the agriculture ministry said on Tuesday.