Page 1328 - Economy & Policy News

Rules for withdrawal of retrospective taxation to come soon: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that the rules for the recent taxation amendment bill will be framed soon

Inflation to be within target range in FY22, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that she expects inflation to remain in the prescribed range during the current fiscal

FM Sitharaman says rules on retrospective tax to be framed soon

Parliament earlier this month passed a bill to scrap all tax demands made using the 2012 retrospective tax legislations

FM Sitharaman says technical glitches in I-T portal to be sorted out soon

FM on Monday said technical glitches in the new income tax e-filing portal will be largely fixed in the next couple of weeks and that she has been constantly reminding Infosys on the issue

Indian fuel sales' recovery largely intact as Delta variant ravages Asia

Gasoline sales rose 3.7% in Aug. 1 to 15 from the same period in 2019, prior to the pandemic, according to preliminary data from India's three biggest fuel retailers

'Firms behind in digital goals, even as pandemic caused productivity loss'

The survey was conducted among business leaders across 750 enterprises globally, across 11 countries and classifies them into three distinct categories as per their digital maturity stage.

Power ministry circulates draft rules on clean energy, seeks comments

The Ministry of Power on Monday sais it has circulated the draft rules on renewable energy for seeking comments from stakeholders.

Biz activity last week higher than pre-Covid level for first time: Report

The Nomura India Business Resumption Index), which measures the activity on a weekly basis with the pre-pandemic levels being the base, rose to 101.2 for the week ended Aug 15, from 99.6 last week

India's July palm oil imports dip over 43% to 4.65 lakh tonne

India's palm oil imports fell 43.55 per cent year-on-year to 4.65 lakh tonne in July due to higher domestic stocks, industry body Solvent Extractors Association (SEA) said on Monday

WPI inflation eases to 11.16% in July as food, crude prices soften

However, WPI inflation remained in double digits for the third consecutive month in July, mainly due to a low base of last year. WPI inflation was (-) 0.25 per cent, in July 2020

WPI inflation eases to 11.16% in July as food and crude prices soften

WPI inflation remained in double digit for the third consecutive month in July, mainly due to a low base of last year.

Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc

Indian industry would import even if it helped them save just 10 paise in the finished cost of goods, and then lobby to avoid the levy of anti-dumping duties on such imports, Goyal said

July WPI inflation eases to 11.16% y/y, helped by fuel and food items cost

A low-base effect also contributed to the WPI inflation in July, since it stood at minus 0.25% in the corresponding month of 2020.

India petrol, diesel prices complete a month without any revision

Petrol and diesel prices in the country remained static for the 30th consecutive day on Monday.

Airlines' group protests GMR proposal to hike fee at Hyderabad airport

GMR Group has written to Airports Economic Regulatory Authority seeking an increase of the aeronautical tariffs including User Development Fee.

'Gati Shakti' master plan to give Rs 100-trillion infrastructure boost

PM Modi sets target for energy independent India by 2047

Centre's power reforms tied in knots amid protests by Opposition states

The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply

Vehicle scrappage policy: Circular economy faces recycling scale hurdle

Tata Motors, Mahindra and Mahindra (M&M) and Maruti Suzuki have partnerships for scrapping vehicles

JNPT's cargo volumes reach pre-Covid levels in April-July period

Compared to 2020-21, when cargo volumes were at 11,92,165 twenty-foot equivalent units (TEUs), during April-July, the rise was around 50.8 per cent

Inflation pressure may build up again after Oct as economy revives: Experts

Retail price inflation falling in July to a three-month law could be a blip that disappears with rising consumer demand.