Page 1325 - Economy & Policy News
FAITH urges national coordination among states for tourism sector revival
The Federation of Associations in Indian Tourism and Hospitality (FAITH) on Thursday has urged for immediate national coordination among states for revival of the tourism sector after the pandemic.
 "FAITH urges national coordination among states for tourism sector revival")
Retro tax withdrawal bill aimed for investors' confidence in India: CBDT
The move to do away with retrospective taxation is aimed at instilling foreign investors' confidence in the Indian economy and to deliver "equity" of justice in tax matters
 "Retro tax withdrawal bill aimed for investors' confidence in India: CBDT")
Covid 3rd wave may pull GDP growth down to 7%: Economist Abhijit Banerjee
Nobel laureate economist Abhijit Vinayak Banerjee on Thursday apprehended that the impending third wave of the COVID-19 pandemic might adversely impact the GDP
 "Covid 3rd wave may pull GDP growth down to 7%: Economist Abhijit Banerjee")
Govt scrapping retro tax an 'extremely positive development': Sanjay Tolia
This proposal demonstrates that the government is intent upon shoring up India's positive investor friendly image, says Partner, Price Waterhouse & Co LLP
 "Govt scrapping retro tax an 'extremely positive development': Sanjay Tolia")
Prices of pulses decline on stock limits; edible oil still rising
Industry players and experts say there has been a vast difference in the way the prices of the two commodities have been controlled
 "Prices of pulses decline on stock limits; edible oil still rising")
Haryana formulates policy to create land banks for govt dept, corporations
The Haryana government has provided an option to them by formulating a policy to create land banks for government departments, boards and corporations
 "Haryana formulates policy to create land banks for govt dept, corporations")
Parliamentary panel asks MNRE to set up pilot tidal power project
A Parliamentary panel has asked the Ministry of New and Renewable Energy to set up a pilot tidal power project in the country, preferably at a cost effective location like Gulf of Kutch
 "Parliamentary panel asks MNRE to set up pilot tidal power project")
Govt to amend Income Tax Act to nullify retrospective tax demands
No retro tax demand for indirect transfer of Indian assets made before May 28, 2012; govt also proposes to refund the amount paid in these cases without any interest thereon
 "Govt to amend Income Tax Act to nullify retrospective tax demands")
Bill to nullify retro tax to boost investors' confidence, says Revenue Secy
The bill introduced in Parliament to withdraw all retrospective tax demands will give confidence to the investor community regarding India's stable tax regime, Revenue Secretary Tarun Bajaj said
 "Bill to nullify retro tax to boost investors' confidence, says Revenue Secy")
Modi meets ex-Aus PM Abbott; leaders vow to strengthen economic cooperation
The two leaders emphasised that enhanced economic cooperation between India and Australia would help the two countries
 "Modi meets ex-Aus PM Abbott; leaders vow to strengthen economic cooperation")
The chequered past of retrospective tax: All you need to know
The government has now proposed to refund principal amount in full to the litigants, with certain conditions
 "The chequered past of retrospective tax: All you need to know")
Investors breathe easy, no more retrospective taxation
The fact that the govt decided to come up with an amendment speaks highly of its commitment towards the international investor community
 "Investors breathe easy, no more retrospective taxation")
Experts welcome govt's move to bury retro tax, but with riders
They, however, say are not sure if the lack of interest and costs payable by govt will satisfy all litigants
 "Experts welcome govt's move to bury retro tax, but with riders")
Removal of retro tax will send positive signal to foreign investors
This change in retro tax law will reflect well on the govt's efforts to improve the ease of doing business environment
 "Removal of retro tax will send positive signal to foreign investors")
Centre should be more into free-spending policies: Abhijit Banerjee
Banerjee heads West Bengal's Global Advisory Board (GAB) and advises the state government on issues related to the pandemic
 "Centre should be more into free-spending policies: Abhijit Banerjee")
Domestic air passenger traffic recovery continued in July, says ICRA
According to the ratings agency, the growth on YoY basis was 132 per cent.
 "Domestic air passenger traffic recovery continued in July, says ICRA")
Economy recovering at fast pace from recent lows of April, May: PHDCCI
At this juncture, it said, there is a need to further fuel the drivers of household consumption
 "Economy recovering at fast pace from recent lows of April, May: PHDCCI")
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")
Govt likely to reduce private sector's 25% Covid-19 vaccine quota
Vaccine makers, the government has indicated, can provide doses to the private sector according to demand and the remaining would be bought by the government
 "Govt likely to reduce private sector's 25% Covid-19 vaccine quota")
Pooled investment funds likely to attract service tax: Check details here
GST on expenses charged by REITs, InvITs and MFs may result in tax levy of hundreds of crores
 "Pooled investment funds likely to attract service tax: Check details here")