Page 1338 - Economy & Policy News

Ability to smoke out of home to help cigarette sales in FY22: Report

The ability to smoke out of homes after the pandemic wanes will be among the factors that will drive up cigarette sales in FY22, a rating agency said on Wednesday

RBI's MPC begins deliberations, may maintain status quo on interest rate

Headed by the RBI Governor, the six-member MPC also includes three external members.

India deploys warships in South China Sea as part of 'Act East' policy

The Indian military has been traditionally wary of antagonising China but the mood has hardened following clashes between troops on the disputed land border last year

DMIC, the infra umbrella that seems to have outlived its usefulness

When it was conceived in the high noon of SEZ and PCPIR projects, planners felt it will draw in large investments. The implementation risks, notably land acquisition, were thoroughly under-focussed

PHDCCI calls for 3-tier GST, capping highest slab at 18%

Industry chamber PHDCCI on Wednesday called for a 3-tier GST rate structure, with the highest slab at 18 per cent, to help boost consumption and reduce evasion.

Deal activity in H1 2021 at $40.7 bn, down 14% over year-ago period

When compared with the second half of 2020, the $40.7 billion investments were a mere 2 per cent increase

MSMEs saw 11% dip in business due to lockdowns in 2021, says report

Interestingly, MSMEs going digital have increased. Use of in-app features per user has risen 72% over last year in a sign that MSMEs have started utilising full functionality of digital solutions

RS passes Limited Liability Partnership Amendment Bill to boost ease of biz

The bill, which was passed after a short debate, seeks to decriminalise 12 offences under the law and help to improve the ease of doing business by amending LLP Act, 2008.

Services activity shrinks to 45.4 in July, contracts for 3rd straight month

Activity in India's dominant services industry shrank for a third consecutive month in July as restrictions to control the pandemic hit demand, with companies turning the most pessimistic in a year

Nexus could be banking's next big thing, inspired by Indian payments system

Nexus will be like a world wide web of payments, a set of rules any country can adopt.

Tax mop-up doubles in the first quarter but transfers to states shrink

Devolution accounts for just 22% of gross tax revenue in the first quarter

Crops' share in agriculture and allied sector drops to 55.5%, shows data

Fruits and vegetables have less state intervention in terms of their marketing and sale as compared to cereals

DGTR favours withdrawal of fibre anti-dumping duty from China, Indonesia

"The authority consi­ders it appropriate to recommend withdrawal of anti-dumping duty on imports," the DGTR has said

Govt spending to push private capex higher after multi-year deleveraging

Orders, mostly from the govt, worth $356 bn expected in the next two years

RBI monetary policy meet: Beyond the growth-inflation trade-off

An accommodative stance on monetary policy (unchanged since June'19), in the face of an unfavourable growth-inflation trade-off is understandable for now

CBDT extends due dates for electronic filing of various forms under I-T Act

CBDT has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders

Poor asset valuation, economic climate, NCLT delays see IBC losing favour

Less than 200 cases have been admitted to the National Company Law Tribunal till June after the suspension was lifted on March 24, revealed the Insolvency and Bankruptcy Board of India

Finance Panel for appointing HC judges as NCLT members to reduce litigation

Bank funds worth Rs 9.2 trillion struck in NCLT; committee wants benchmark on quantum of haircuts as in many cases, they are as high as 95%

Total debt expected to increase to 61.7% of GDP in FY'22: Minister

The government informed Parliament that it expects the total debt as percentage of GDP to increase to 61.7 per cent (provisional) in 2021-22 from 60.5 per cent (provisional) in the previous fiscal.

Hotel Association seeks govt's assistance to revive hospitality industry

Hotel Association of India (HAI) has sought the Union government's help to revive the hospitality industry, including by extending one-time restructuring of loans.