Page 1336 - Economy & Policy News
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")
FM invites Aussie investors to tap opportunities in infrastructure sector
Finance Minister Nirmala Sitharaman on Thursday invited Australian investors to tap opportunities in India's infrastructure sector which needs funding to the tune of Rs 111 lakh crore over five years.
 "FM invites Aussie investors to tap opportunities in infrastructure sector")
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")