Page 1300 - Economy & Policy News

GST Council may take up proposal for cutting rate on steel scrap to 5%

The GST rate on other kinds of scrap such as plastic, rubber, and wood has already been reduced from 18% to 5%

IIP growth in July declines to 11.5% despite easing of Covid-19 curbs

In the IIP, manufacturing growth declined to 10.5 per cent in July against 12.8 per cent in June

Bengal FM tells Sitharaman her supply-side policies have 'utterly failed'

Asks her to restrain 'spin doctors' from giving misleading picture of the economy

Strategic divestment to get tax deduction for previous losses

However, this relaxation would cease to exist after the private company stops holding 51 per cent in the erstwhile public sector company after strategic disinvestment

Govt enhances scope of MTA scheme for agri exports by including dairy

The government enhanced the scope of Transport and Marketing Assistance scheme for specified agriculture products by including dairy products under its purview and increasing the rates of assistance.

August rainfall at 19-year low; Delhi sees best season in 11 years

This is the first time since 2010 that rainfall in Delhi breached the 1,000-mm mark during the monsoon season

Display edible oil prices; act against hoarding: Centre tell states

Amid edible oil prices continuing to remain high, the Centre on Friday asked states to direct retailers to prominently display the prices of all edible oil brands for the benefit of consumers and also take action against hoarding at the level of wholesalers, millers and refiners.

Shivani becomes 1st woman excavation engineer, shatters glass ceiling

Gone are the days when only men covered in soot would clamber out of the inhospitable and exacting confines of a coal mine

Dealers foresee intraday volatility in rupee due to taper tantrum

Rupee had risen rapidly last week of August, closing at 73 a dollar level on August 31, from 74.2 level on August 26 after Fed Chair Powell indicated he was in no hurry to raise rates

What auto sales tell us about the demand problem in Indian economy

Wholesale two-wheeler sales are lagging PV sales by 10 steps, while retail 2W sales are 22 steps behind retail car sales, an analysis of auto sales data shows

Over 50% agricultural families in debt with average loan of Rs 74K in 2019

Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019, says a survey conducted by National Statistical Office

Karnataka revises landing and parking fee for aircraft at flying school

The Karnataka government has revised the landing and parking fee of the scheduled and non-scheduled aircraft operators and helicopters at the Government Flying Training School at Jakkur in the city

Need to create awareness about fortified rice to boost demand: Food Secy

Union Food Secretary Sudhanshu Pandey on Friday stressed the need to create awareness about the benefit of fortified rice to boost demand

Industrial production grows 11.5% in July on low-base effect: Govt data

The manufacturing sector's output surged 10.5% in July 2021

Elevated inflation can be a drag on overall economic recovery: Ind-Ra

India Ratings and Research (Ind-Ra) has said that salaried and wages earners will be a drag on overall economic recovery in medium term due to tepid recovery of household consumption.

I-T dept 'surveys' online news portals in tax case, say officials

The Income Tax department on Friday conducted separate "survey operations" at the premises of online news portals Newsclick and Newslaundry here, officials said.

Comm Min recommends anti-dumping duty on certain aluminium items from China

The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty on certain aluminium products from China to guard domestic manufacturers from cheap imports.

CIL steps up supply coal to power sector; per-day average 20% higher

State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an average of 1.39 million tonnes (MT) per day

India's merchandise exports to touch $98 billion during Q2 of FY22

Export-Import Bank of India (India Exim Bank) on Friday said it forecasts India's total merchandise exports to $98.45 billion for the second quarter of FY22.

Foreign portfolio investors make net investment of Rs 7575 cr in Sep so far

Foreign portfolio investors (FPI) have so far made a total net investment of Rs 7,575 crore in India so far in September, as per NSDL data.