Page 1321 - Economy & Policy News
India's fuel demand rose 7.9% y-o-y in July at 16.83 million tonnes
Consumption of fuel, a proxy for oil demand, totalled 16.83 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed
 "India's fuel demand rose 7.9% y-o-y in July at 16.83 million tonnes")
Bill to nullify retro tax to give impetus to India's $5 trn goal: I-T dept
Taxation Laws Amendment Bill, which seeks to nullify retrospective tax demands raised on companies, will instill investor confidence and provide impetus to goal of becoming a $5 trillion economy
 "Bill to nullify retro tax to give impetus to India's $5 trn goal: I-T dept")
Prepare, present complaints against big online retailers before CCI: Goyal
Union minister Piyush Goyal on Monday asked the traders' community to 'prepare themselves' and present all their complaints against big online retailers before the regulator to get 'justice'
 "Prepare, present complaints against big online retailers before CCI: Goyal")
RBI issues draft proposals to liberalise overseas investments norms
The rules and regulations will be finalised after public consultations
 "RBI issues draft proposals to liberalise overseas investments norms")
India adds 16 mn jobs in July mostly in agri, construction sectors: CMIE
India witnessed an addition of 16 million jobs in July mainly in the agriculture and construction sectors, however, the number of salaried jobs fell by 3.2 million in the same month, according to CMIE
 "India adds 16 mn jobs in July mostly in agri, construction sectors: CMIE")
Farmers' stir hits 24 BOT road projects, total revenue loss Rs 1,060 cr
Rating agency CARE said the disruption of toll collections for state projects since October 2020 accentuated with no fees collection at toll plazas since December 2020
 "Farmers' stir hits 24 BOT road projects, total revenue loss Rs 1,060 cr")
States get Rs 7,930-cr royalty from coal mining in Apr-Dec 2020
A total royalty of Rs 7,930.61 crore was provided to states from coal mining during April-December 2020, Parliament was on Monday informed.
 "States get Rs 7,930-cr royalty from coal mining in Apr-Dec 2020")
Apr-June net GST collections at 26.6% of budget estimates: Govt
The government has achieved 26.6 per cent of the budget estimates for GST collections in the first three months of the current fiscal, Parliament was informed on Monday.
 "Apr-June net GST collections at 26.6% of budget estimates: Govt")
Sunflower oil imports could jump to record as prices dip below soyoil
India is the world's biggest importer of edible oils and higher purchases of sunflower oil could help exporters such as Argentina, Russia and Ukraine to dispose of surplus output.
 "Sunflower oil imports could jump to record as prices dip below soyoil")
GST officers detect Rs 4,000 cr of Input Tax Credit fraud in Apr-Jun
GST officers detected over Rs 4,000 crore of Input Tax Credit (ITC) fraud in June quarter 2021-22, Parliament was informed on Monday.
Govt mobilises Rs 31,290 crore from Sovereign Gold Bond Scheme: FM
The government has collected Rs 31,290 crore from Sovereign Gold Bond (SGB) Scheme since its launch in 2015, Finance Minister Nirmala Sitharaman informed Parliament on Monday.
 "Govt mobilises Rs 31,290 crore from Sovereign Gold Bond Scheme: FM")
PM Modi announces mission to make India self-sufficient in edible oils
Modi stressed on reducing the dependence on imports
 "PM Modi announces mission to make India self-sufficient in edible oils")
India chapter of Internet Governance Forum launched, to host 3-day session
Starting August 2021, multiple Pre-IIGF engagement events will be held at several colleges and universities, as a precursor to the IIGF Inaugural event beginning Oct 20
 "India chapter of Internet Governance Forum launched, to host 3-day session")
Centre mulls changes in draft e-commerce rules, give clarity on flash sales
Revised norms will clear ambiguity on proposed amendments, say officials
 "Centre mulls changes in draft e-commerce rules, give clarity on flash sales")
Lift capacity, fare caps: Operators of India's largest airports to govt
They have also urged the government to resume international air travel without limiting capacity
 "Lift capacity, fare caps: Operators of India's largest airports to govt")
India requires nearly 1,000 pilots annually to meet traffic growth
New pilot training schools will come up at the Airports Authority of India (AAI)-run airports at Belagavi, Jalgaon, Kalaburagi, Khajurao, and Lilabari
 "India requires nearly 1,000 pilots annually to meet traffic growth")
Census operations set to resume soon, to avoid caste calculations
The states covered include large ones like Uttar Pradesh, Gujarat and Chhattisgarh as well as smaller states and union territories like Mizoram and Andaman & Nicobar Islands, among others
 "Census operations set to resume soon, to avoid caste calculations")
DoT likely to set up a panel for telco financial relief package
It is learnt that the department is likely to consult an external agency for the revival package that is expected to provide relief to the sector besides being a lifeline for Vodafone Idea
 "DoT likely to set up a panel for telco financial relief package")
Statsguru: From sowing to tractor sales, measuring monsoon gains
The share of districts with deficient rainfall in 2021 is the lowest over the last six years
 "Statsguru: From sowing to tractor sales, measuring monsoon gains")
Retrospective tax: India eyes entry into global bond indices in a year
An entry into some of these indices is expected to generate an additional $20 billion of foreign investment into the economy