Page 1317 - Economy & Policy News

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

Internet users up nearly 4% to over 825 million in Q4 of FY21: TRAI data

Of these 825 mn internet subscribers, 26 mn were wired Internet users and 799 mn were wireless subscribers

'Bumper-to-bumper' insurance: HC order to make cars costly, say experts

If the order is implemented, it will lead to an increase in the insurance outgo for car owners by a minimum Rs 50,000 for car and a minimum of Rs 7,000 for two-wheeler owners

Public finance of states to improve in FY22 over earlier projections: IndRa

Expects higher gross domestic product at current prices and revenues in the current financial year than projected earlier, despite impact of the second wave of Covid-19

Global iron ore production growth to average 3.6% between 2021-25

India's ore output growth seen at 194 million tonnes in 2030, with annual output growth averaging 1.1%

Air travel sees recovery, hotels and travel firms see brisk weekend demand

During the first ten days of August, some 90,000 passengers travelled via Delhi airport daily, which is five times higher than in mid-May

Reply to pleas by Facebook, WhatsApp against IT rules: HC to Centre

The pleas have challenged the new rules on the grounds that they violate the right to privacy and are unconstitutional

For growth and investments, Modi's green new deal might actually work

If the government can reduce investment risk in greener sectors and make them attractive investment propositions, it might well turn around its economic record.