Page 1308 - Economy & Policy News

ITPO CMD L C Goyal gets fifth extension till September 1, 2022

L C Goyal, Chairman and Managing Director of the India Trade Promotion Organisation, has been granted a one-year extension till September 1 next year, according to a Personnel Ministry order

International Monetary Fund hikes SDR allocation to India

SDR is an alternate reserve currency floated by the IMF

Top headlines: Aug GST collection Rs 1.12 trn; AU SFB clears air on exits

Business Standard brings you the top stories this evening

Go ahead and reinvent your career. you'll have plenty of options

Declines in automobile and new home sales, combined with the rise of services like Uber, led to a belief that in the future people would be less attached to buying things

India asks utilities to import coal amid short supply as demand spikes

By Sudarshan Varadhan

Papad, irrespective of shape, is exempt from GST, CBIC clarifies

Papad, by whatever name known, is exempt from the GST and the tax rate does not vary based on its shape, the CBIC has clarified.

Govt appoints J B Mohapatra as Chairman, Central Board of Direct Taxes

Mohapatra is a 1985-batch Indian Revenue Service (Income Tax) officer

GST collection in August at over Rs 1.12 trillion: Govt

Govt says the robust GST revenues are likely to continue in the coming months too

In another hit to your wallet, Non-subsidised LPG gets costlier by Rs 25

In another hit to the wallet of the common man, oil marketing companies have raised the prices of non-subsidised LPG cylinders by Rs 25

Morgan Stanley maintains India GDP growth estimate of 10.5% for FY22

Morgan Stanley on Wednesday maintained its estimate of India GDP growth at 10.5 per cent for FY2022 versus the general consensus of 9.2 per cent

India's August power output rises 16.1%, coal-fired power by 23.7%

India's electricity generation rose by 16.1% in August compared with a year earlier, lifted by a 23.7% jump in coal-fired power generation that led to a coal shortage at utilities across the country

Indian factory growth slipped in August, job cutting returned: Survey

Indian factory activity expanded at a slower pace last month as persistent pandemic-related weakness weighed on demand and output, forcing firms to cut jobs again, a private survey showed

India's market capitalisation to GDP ratio hits 13-year high of 122%

Comes in the backdrop of 0.7% growth in India's annualised GDP at current price

Low base drives up India's GDP growth to record 20.1% in Q1FY22

Growth yet to get back to pre-covid level, CEA sees it happening next year

Lack of planning by state governments led to coal crisis, says Centre

Discoms should improve recovery, says power secretary

Steel industry to rebound strongly but MSMEs may trail: CRISIL SME Tracker

MSMEs, which account for 90-95 per cent of re-rollers, were hit harder by the pandemic

Digital, co-lending to drive credit business this festive season

The RBI had revised norms last year to bring clarity in risk sharing and credit underwriting in co-lending tie-ups

RBI, govt working to get g-secs included in global indices: Governor Das

He reiterated his stance that G-Sec is a "public good", as it is the benchmark for pricing various instruments in the economy

Govt constantly engaging with industry to support economic revival: FM

Says health care sector, which had to function at its best during peak Covid needs support now to ramp up capacities, bring in better technologies and facilities

India's core sector output grows 9.4% in July on the back of low base

Except crude oil, 7 sectors have shown an uptick YoY