Page 1324 - Economy & Policy News
RBI Guv Das praises govt on retro tax move, post-pandemic fiscal response
Reserve Bank Governor Shaktikanta Das on Friday welcomed the government's decision to end retrospective taxation and termed it as a "timely" move.
 "RBI Guv Das praises govt on retro tax move, post-pandemic fiscal response")
Time for out-of-the-box ideas, not fiscal correction, says Kerala FM
The statement from the minister assumes significance as Kerala, the only communist-ruled state in the country now, is known for its sweeping public welfare measures
 "Time for out-of-the-box ideas, not fiscal correction, says Kerala FM")
Bill to nullify retrospective tax passed in LS amid protests by Opposition
The bill seeks to do away with the contentious retrospective tax provision
 "Bill to nullify retrospective tax passed in LS amid protests by Opposition")
Scrapping retrospective tax may not be enough to repair India's reputation
Political executive will need to strive for a fairer playing field, writes Andy Mukherjee.
 "Scrapping retrospective tax may not be enough to repair India's reputation")
Live: RBI keeps repo rate steady, says economy in better shape since June
Live updates: Monetary policy committee's decisions being read out by RBI governor Shaktikanta Das
 "Live: RBI keeps repo rate steady, says economy in better shape since June")
1,058-km metro network under construction in 27 cities: Union minister Puri
Union Minister for Housing and Urban Affairs Hardeep Singh Puri on Friday said 1,058 km of metro network is under construction in 27 cities to boost urban mobility across the country.
 "1,058-km metro network under construction in 27 cities: Union minister Puri")
RBI hints at normalising ultra-loose policy, bond yields jump to 6.24%
This was the seventh consecutive occasion when the central bank maintained a status quo on policy rates
 "RBI hints at normalising ultra-loose policy, bond yields jump to 6.24%")
Petrol, diesel prices unchanged; here are the prices in your city today
In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83
 "Petrol, diesel prices unchanged; here are the prices in your city today")
RBI retains real GDP growth projection at 9.5% for 2021-22 as Covid-19 ebbs
The RBI on Friday retained the real GDP growth projection at 9.5 per cent for 2021-22 as domestic economic activity has started normalising with the ebbing of the second wave of the virus
 "RBI retains real GDP growth projection at 9.5% for 2021-22 as Covid-19 ebbs")
RBI keeps repo rate unchanged, sees FY22 real GDP growth at 9.5%
Economic activity has evolved broadly along expected lines: Shaktikanta Das
DGH reduces compliance burden on exploration activities in oil & gas blocks
Approvals for three processes that would need to be submitted within 30 days
 "DGH reduces compliance burden on exploration activities in oil & gas blocks")
India wants ethanol to fuel its cars, but food inflation is a major risk
The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry
 "India wants ethanol to fuel its cars, but food inflation is a major risk")
US body hails Indian govt's move to withdraw retrospective tax law
US-India Strategic and Partnership Forum (USISPF) on Thursday applauded the Indian move to withdraw the retrospective law relating to tax on indirect transfers.
 "US body hails Indian govt's move to withdraw retrospective tax law")
India rates hit 4-1/2-year low on weak demand, logistical bottlenecks
Top exporter India's 5% broken parboiled variety quotes fell to $354 to $358 per tonne from last week's $361 to $366 a tonne.
 "India rates hit 4-1/2-year low on weak demand, logistical bottlenecks")
Ease of doing business: Maadhyam portal in works for swift nod to proposals
Maadhyam is a National Single Window System that will allow investors to identify and apply for various pre-operation clearances needed for starting business in the country
 "Ease of doing business: Maadhyam portal in works for swift nod to proposals")
PM steps in to launch national mission to meet $400 billion export target
Modi will virtual interact with heads of Indian Missions abroad, along with various other stakeholders in the trade and commerce within the country
 "PM steps in to launch national mission to meet $400 billion export target")
Explained: Behind the disconnect between stock market and economy
The divergent trend surprised many, with the issue reaching Parliament
 "Explained: Behind the disconnect between stock market and economy")
Subdued revenue spend may hit economic recovery, say economists
Experts say reduction in revenue expenditure may not result in capex rise
 "Subdued revenue spend may hit economic recovery, say economists")
NHAI incurred revenue loss of around Rs 3,512 cr in FY21: Gadkari
This was due to Covid-19-related restrictions
 "NHAI incurred revenue loss of around Rs 3,512 cr in FY21: Gadkari")
India's economic recovery 'delayed' not 'derailed': L&T chief A M Naik
Says given the scale of India's infra deficit, the company is optimistic about govt's intent to complete projects as envisaged in the National Infrastructure Pipeline
 "India's economic recovery 'delayed' not 'derailed': L&T chief A M Naik")