Page 1335 - Economy & Policy News
Lok Sabha clears Bill to end retrospective tax, Congress backs move
Backing the government's move, former Union Finance Minister P Chidambaram tweeted, "I am glad that we have put an end to an issue that has been troubling us for eight years"
 "Lok Sabha clears Bill to end retrospective tax, Congress backs move")
India needs low-cost capital to fuel green energy projects: Amitabh Kant
India needs low-cost capital to help domestic entrepreneurs execute global scale projects in areas like green hydrogen, solar energy, electric vehicles and battery manufacturing, Niti Aayog CEO said
 "India needs low-cost capital to fuel green energy projects: Amitabh Kant")
Over Rs 600 crore sanctioned to build roads and bridges in Uttarakhand: CM
The Centre has sanctioned over Rs 600 crore for the construction of 42 roads and bridges in Uttarakhand, Chief Minister Pushkar Singh Dhami said on Friday.
 "Over Rs 600 crore sanctioned to build roads and bridges in Uttarakhand: CM")
Bidding of retail liquor vends in Delhi by Excise dept earns Rs 5,300 cr
The initial bidding of retail liquor vends in 20 zones across the national capital by the Delhi government's Excise department on Friday raked in Rs 5,300 crore, official sources said.
 "Bidding of retail liquor vends in Delhi by Excise dept earns Rs 5,300 cr")
Centre releases Rs 2,400 cr grant-in-aid to UP under Jal Jeevan Mission
The Jal Shakti ministry has released Rs 2,400 crore grant-in-aid to Uttar Pradesh against an allocation of Rs 10,870 crore for the financial year 2021-22 under the Jal Jeevan Mission, it said
 "Centre releases Rs 2,400 cr grant-in-aid to UP under Jal Jeevan Mission")
New environment SOPs allow closure of non-compliant projects, says govt
The government Friday said it has issued the Standard Operating Procedure (SOP) to deal with environmental violations under which non-compliant projects can be shut down or demolished
 "New environment SOPs allow closure of non-compliant projects, says govt")
Services sector expected to grow at 28% in 2021-22, says SEPC
Services Export Promotion Council (SEPC) Chairman Maneck Davar said that in the first quarter of 2021, the exports stood at $54 billion.
 "Services sector expected to grow at 28% in 2021-22, says SEPC")
RBI policy action has to be nuanced; cannot be unidirectional: RBI Guv
The Monetary Policy Committee (MPC) left the repo rate unchanged at 4 per cent while continued with the accommodative stance to revive and sustain growth on a durable basis.
 "RBI policy action has to be nuanced; cannot be unidirectional: RBI Guv")
Real estate experts hail central bank decision to hold interest rates
Abheek Barua, Chief Economist of HDFC Bank, said the RBI has continued with its line of supporting growth despite the recent spikes in inflation.
 "Real estate experts hail central bank decision to hold interest rates")
$300-400 million investment expected in latest oil, gas bid round
India is 85 per cent dependent on imports to meet its oil needs
 "$300-400 million investment expected in latest oil, gas bid round")
July hiring activity at all-time high crossing pre-Covid levels: Report
The Indian job market has witnessed sequential growth for the second month in a row: report
 "July hiring activity at all-time high crossing pre-Covid levels: Report")
India's trade deficit with China dips to $44 billion in 2020-21
Imports from China during 2018-19, 2019-20 and 2020-21 were worth $70.32 billion, $65.26 billion and $65.21 billion
 "India's trade deficit with China dips to $44 billion in 2020-21")
Kerala will not cut down on public spending, says FM Balagopal
He also warned that "we're in a time that's worse than the Great Depression, and my fear is that we may face more difficulties going forward".
 "Kerala will not cut down on public spending, says FM Balagopal")
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%")