Page 1312 - Economy & Policy News

Deadline for making payments under Vivad se Vishwas scheme pushed to Sep 30

The ministry had in June extended the deadline for making payments under the scheme till August 31

Proposed FTA with UAE to boost jewellery, engineering exports: exporters

India has started negotiations for the agreement with the UAE, which is the third largest trading partner of New Delhi.

India's macroeconomy more healthy, ready for faster growth: Ashima Goyal

Notwithstanding the pandemic severe shock, India's macroeconomy is more healthy and ready for faster growth, eminent economist Ashima Goyal said on Sunday

FSDC meeting on Sep 3; to take stock of economy, financial sector

FM Nirmala Sitharaman has called a meeting of the FSDC on September 3 to discuss the state of the financial sector and a strategy to support the nascent recovery of the pandemic-hit economy

Petrol, diesel prices unchanged across metros for fifth straight day

Oil marketing companies (OMC) kept petrol and diesel prices unchanged on Sunday.

Protest in Bihar town shows what happens to people when land isn't surveyed

Eight Indian states and two UTs have areas that have not been surveyed by the state government. People living and working on these lands have no land titles and hence no protection from displacement

India's coal import rises 50% to 19 million tonnes in June

India's coal import rose 50 per cent to 18.77 million tonnes (MT) in June this year, when compared to the shipments arrived in the same month of 2020

SPV of state-run firms may be tasked to redevelop land bank with sick PSUs

The govt may rope in state-run developers such as NBCC (India) to maximise value from the sale of sick and loss-making PSUs that failed to generate suitable investor in the initial round of bidding

CBDT releases draft regulations for withdrawal of retro tax demands

The draft rules released by the tax department call for a declaration by the companies to "irrevocably withdraw, discontinue and not pursue" any legal proceedings

RBI launches surveys to get inputs for monetary policy

RBI on Saturday announced the launch of the next round of households surveys to capture inflation expectations and consumer confidence, which provide useful inputs for its monetary policy.

Govt releases draft of declaration for withdrawal of retro tax demands

That rule had been used to levy a cumulative of Rs 1.10 lakh crore of taxes on 17 entities, including Rs 10,247 crore on Cairn and Rs 22,100 crore on Vodafone.

Fare of new AC 3-tier coaches 8% less than regular 3AC coaches: Railways

The Railways said the fare of its new air conditioned three-tier economy class coaches will be 8 per cent less than the existing 3AC coaches, giving the best travel experience at the cheapest price.

FDI equity inflows up 168% to $17.57 bn during Q1FY22: Govt data

FDI into the country rose by more than twofold to $17.57 billion during April-June this fiscal on account of measures such as policy reforms, ease of doing business, an official statement said

CAIT slams Niti Aayog for interfering in e-commerce rules

CAIT slammed the Niti Aayog for interfering in the e-commerce Rules proposed by Consumer Affairs Ministry, said that such a line taken by Niti Aayog seems to be under pressure of e-commerce giants

Slack in economy, not the right time to change policy course: RBI Governor

Shaktikanta Das tells TV channel that capacity utilisation is nowhere near pre-pandemic levels

FM promises Rs 1,300 crore development package for Tripura tribal areas

Sitharaman said the Rs 1300-crore project with World Bank funding would ensure an all-round development in the Tribal areas

Patchy rains impact sowing of kharif crops and reservoir levels

Erratic rains have impacted sowing of kharif crops and unless the monsoon revives quickly, it could have an impact on the final yields, particularly of the crops that were sown late

MCA is working to issue code of conduct for creditors under IBC: Verma

This comes a month after a Parliamentary panel flagged the "disproportionately large and unsustainable 'haircuts' taken by the financial creditors over the years"

India, Australia aim to announce early harvest trade deal by December

An early harvest agreement will be the way forward for an early conclusion of a bilateral Comprehensive Economic Cooperation Agreement (CECA) between both countries

Govt set to extend key ITR filing dates amid portal tech glitches

Over 8 mn returns for FY21 have been filed so far, 14% of returns filed for FY20