Page 1293 - Economy & Policy News

Income tax dept detects blackmoney abroad after raids on textile group

The CBDT has claimed that the Income Tax Department has detected black money worth crores stashed abroad after it raided a leading business group involved in manufacture of textile and filament yarn.

India adds record high rooftop solar capacity of 521 MW in April-June

India has added 521 MW of rooftop solar capacity in April-June this year, which is the highest capacity installed in a quarter, according to Mercom India report.

Odisha govt approves projects worth Rs 640.55 crore under OMBADC

The projects worth Rs 640.55 cr were approved under Odisha Mineral Bearing Areas Development Corporation (OMBADC) in the sectors of the development of secondary schools

The first 24-hours multi-brand Food Plaza at New Delhi Railway Station

Spread across 6,000 sq feet, the seating capacity extends to 120 people on each floor.

Semiconductor chip shortage: Industries face further output cuts and delays

Auto sector to be among the most affected by the crisis

No GST on back-office sector, says govt in intermediary services dispute

More than 200 companies are involved in disputes over the definition of intermediary services, says report.

Rupee falls sharply after Yellen renews call for raising US debt ceiling

The rupee opened at 73.8250 a dollar, down from its previous close of 73.48. At 10.50 AM, the rupee was at 73.6750, brought down by nationalised banks selling dollars

GST on ice cream parlours may lead to litigation, say experts

The Council said ice cream parlours would draw 18% GST

Securities transaction tax collection in Sept to exceed full year's target

Collections already stand at Rs 12K crore, compared to Budget target of Rs 12.5K crore

India jumps 2 spots to 46th rank in Global Innovation Index 2021

The country's rank has been consistently rising in the last few years. From 81 in 2015, it has moved to 46 in 2021

Petrol and diesel price hikes look inevitable

Petrol and diesel were last increased on July 17 and July 15, respectively

FinMin to kick-start exercise for Union Budget 2022-23 on October 12

This will be fourth budget of Modi 2.0 govt and FM Nirmala Sitharaman. Union Budget to be announced on Feb 1, 2022, as has been done the past few years

Monetisation pipeline key for NHAI fund requirement: CRISIL report

Monetisation of road assets holds the key here as it accounts for 27 per cent of the NMP in value terms

FSSAI plans to introduce 'front of package label' to regulate junk foods

FSSAI CEO Arun Singhal on Monday said there is a plan to introduce front-of-package (FoP) labeling on packaged foods to help consumers make healthier food choices

Will focus on new products, markets for export diversification: FIEO

FIEO Vice Chairman Khalid Khan said that the continuous growth in exports since March will help in achieving the target of USD 400 billion for this fiscal

Recovery tracker: Power generation and freight data show slower growth

Business Standard tracks these indicators on a weekly basis to get a current sense of how the economy is doing

India to allow charter flights as it gets ready to welcome tourists

An announcement regarding the modalities and date for resumption of leisure travel is expected by the end of this month

Exports of software services up 2.1% to $148.3 bn in 2020-21: RBI survey

Exports of software services, including services delivered by foreign affiliates of Indian companies, recorded 2.1 per cent growth during 2020-21 and stood at $148.3 billion, as per a RBI Survey

Interest rate cap mean builders' Rs 7,500 cr unjust enrichment, Noida to SC

Noida and Greater Noida authorities will incur over Rs 7,500 crore loss, if SC's order capping the interest rate, at around 8 per cent, for delay in payment of land cost by builders were to sustain

Retail inflation for farm, rural workers eases marginally in August

Retail inflation for farm and rural workers eased marginally to 3.9 per cent and 3.97 per cent, respectively in August