Page 1314 - Economy & Policy News
No cash doles to poor in pandemic was most foolish: Chidambaram
The most foolish decision of central government yet was refusal to give cash doles to the poorest 20-25 per cent of the country's population during the pandemic, P Chidambaram said on Thursday
 "No cash doles to poor in pandemic was most foolish: Chidambaram")
Hiring activity witnesses 4% sequential growth in July: Report
Hiring activity witnessed an overall 4 per cent sequential growth in July and the uptick was mainly spread across metros, according to a report
 "Hiring activity witnesses 4% sequential growth in July: Report")
DGCA rescinds ban on Boeing 737 MAX for commercial flight operations
Around 175 countries have allowed the 737 MAX to return to service following a safety ban, with 30 airlines already restarting their MAX aircraft services.
 "DGCA rescinds ban on Boeing 737 MAX for commercial flight operations")
Industry welcomes new drone rules, sees Rs 50,000 crore market potential
Says rules can create 500,000 jobs in five years, will open up opportunities for indigenous manufacturing of delivery drones and drone taxis to make India future ready
 "Industry welcomes new drone rules, sees Rs 50,000 crore market potential")
Indian Tobacco Association urges govt to extend RoDTEP benefits to tobacco
Indian Tobacco Association on Thursday said it has urged the government to include tobacco under the tax rebate scheme RoDTEP with an aim to encourage exports from the sector
 "Indian Tobacco Association urges govt to extend RoDTEP benefits to tobacco")
K'taka CM demands extension of GST compensation to states for 3 more yrs
Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years
 "K'taka CM demands extension of GST compensation to states for 3 more yrs")
Just 5 forms and 4 types of fees: Govt eases rules to operate drones
The Ministry of Civil Aviation has eased the rules regarding drone operations in the country by reducing the number of forms that need to be filled to operate them from 25 to 5
 "Just 5 forms and 4 types of fees: Govt eases rules to operate drones")
RBI promotes Ajay Kumar as Executive Director effective August 20
Prior to becoming ED, Kumar was heading RBI's New Delhi Regional Office as regional director
 "RBI promotes Ajay Kumar as Executive Director effective August 20")
GDP growth likely touched record in April-June, riding on weak base: Poll
Reuters poll of 41 economists confirmed gross home product rose 20.0% in the three-month interval, in contrast with a record contraction of 24.4% in the identical quarter a year earlier
 "GDP growth likely touched record in April-June, riding on weak base: Poll")
Mukesh Ambani is going green but it's oil that fuels Reliance's bottomline
Businessman touts the shift to less polluting options, but crude's byproducts will remain one of the biggest drivers of his $80 billion fortune.
 "Mukesh Ambani is going green but it's oil that fuels Reliance's bottomline")
Top taxpayers may get flexibility to exit faceless assessment scheme
Recast of scheme is being discussed to bring in more flexibility into the system
 "Top taxpayers may get flexibility to exit faceless assessment scheme")
FM Sitharaman asks PSBs to conduct credit outreach programme across India
The government will look to amalgamate or disinvest in entities in the financial sector after ensuring that it has minimum presence, she said
 "FM Sitharaman asks PSBs to conduct credit outreach programme across India")
R C Bhargava, Venu Srinivasan face off with govt on auto GST rate
Sales of commercial vehicles in FY21 were the worst in 11 years; for three-wheelers, they were the lowest in 19 years
 "R C Bhargava, Venu Srinivasan face off with govt on auto GST rate")
e-portal for database on unorganised workers to come up on Thursday
Single-point reference to help authorities track workers in informal sector
 "e-portal for database on unorganised workers to come up on Thursday")
The big infra plan: Under-construction NHs to be leased once operational
The total indicative monetisation value of assets considered for monetisation is estimated at Rs 1.6 trillion from FY22 to FY25
 "The big infra plan: Under-construction NHs to be leased once operational")
Port asset monetisation to push up private participation amid TAMP dilution
The total estimated capex towards these projects stands at Rs 14,483 crore between FY22-FY25
 "Port asset monetisation to push up private participation amid TAMP dilution")
CCEA approves Rs 15,000 crore FDI in Fairfax India's investment arm
Investment also includes transfer of shares of Bangalore International Airport Limited to Anchorage, and Rs 950 crore in the investment arm of Prem Watsa-owned Fairfax India by Ontario Inc
 "CCEA approves Rs 15,000 crore FDI in Fairfax India's investment arm")
Centre hikes sugarcane FRP to Rs 290/quintal; rules out raising sugar price
The FRP of Rs 290 per quintal at a recovery rate of 10 per cent is higher by 87 per cent over production cost
 "Centre hikes sugarcane FRP to Rs 290/quintal; rules out raising sugar price")
States' tax revenues lower than two years ago as demand for spending rises
An analysis of 17 states shows that while states' revenue spending in April-June 2021 was 14% higher than the same period in 2019, own revenues were 8% lower
 "States' tax revenues lower than two years ago as demand for spending rises")
Scindia urges 22 states to reduce VAT on ATF to 1-4% to boost air travel
Civil Aviation Minister Jyotiraditya Scindia has urged 22 states and Union territories (UTs) to reduce value-added tax on ATF and bring it within the range of one to four per cent across all airports
 "Scindia urges 22 states to reduce VAT on ATF to 1-4% to boost air travel")