Page 1340 - Economy & Policy News

BS Number Wise: One litre petrol takes 30% of Indians' average daily income

Fuel taxes give a bonanza to the government, but also dent the affordability for low income earners

EU proposes watchdog to halt firms supporting criminals, terrorists

Europe came under pressure to step up enforcement of its anti-money laundering rules

All eyes on Ministry of Cooperation to dock reforms with global practices

A lot will now depend on the newly formed Ministry of Cooperation under the aegis of Home Minister Amit Shah to streamline and modernise the agri sector

Excise duty on fuel calibrated to generate resources for infra: FinMin

The excise duty rates on petrol and diesel have been calibrated to generate resources for infrastructure building and other developmental expenditure keeping in view the prevailing fiscal situation

Excise Policy: HC asks Delhi govt to respond to plea challenging e-tender

The Delhi High Court Tuesday termed as "half baked" the criteria fixed by the Delhi government for grant of licences of retail vends of liquor here through electronic bids.

Defence Ministry issues formal tender for mega submarine programme

The Defence Ministry on Tuesday issued the request for proposal (RFP) or the formal tender to domestically build six conventional submarines for the Navy at a cost of over Rs 40,000 crore

Central team visited Odisha to assess crop damage due to cyclone: Tomar

A central team has visited Odisha in June to assess the damage in the wake of cyclone Yaas, Union Agriculture Minister Narendra Singh Tomar said on Tuesday in the Lok Sabha.

No anti-dumping duty on fibre board from 4 countries: Revenue dept

The government has decided not to impose anti-dumping duty on imports of a certain type of fibre board, used to make furniture and cabinets, from Vietnam, Malaysia, Thailand, and Indonesia

Pension money to soon be allowed into IPOs, NSE-200 companies: PFRDA

Pension fund managers (PFMs) will soon be allowed to invest in initial public offerings, and also in a broader list of stocks, a top official from sector regulator PFRDA said on Tuesday.

Only half of UDAN routes operational, Covid-19 to hit scheme further: ICRA

The scheme is funded through a Rs 50 levy on flight tickets on major routes

Petrol prices remain unchanged; here are the prices in your city today

In Delhi, petrol was at Rs 101.84 per litre. In Mumbai, petrol price remained at Rs 107.83 per litre

Rising fuel prices further dent stressed sectors of India's economy

Central and state governments have hiked taxes on fuels, pushing retail fuel prices to record highs in most of the country.

Centre eases stock limits on pulse traders, lifts them fully for importers

No change in stock holding limit for retailers, which has been kept at five tonnes

Recovery tracker: Power generation moderates but more people back at work

Traffic picks up in major cities, personal mobility and use of public transport increases

From luxury cars to business jets, small-town tycoons aiming big

With growing revenues and surging aspirations, demand for luxury products growing in Tier 2, 3 cities

Rainfall normal, but oilseed areas a worry: CRISIL's DRIP index

CRISIL's DRIP scores show stress for 4 states, crops

Delhi High Court orders CBI to probe Income Tax department email

The court order follows the petitioner, Three C Homes, which filed a writ petition challenging the assessment order issued by tax authorities

Local procurement for defence to see 6% hike this year: Govt to Parliament

64% defence capital budget for buys from domestic firms

At 6.96%, borrowing costs continue to remain high for states

Cash-starved states are continuing to pay higher for their market borrowings, being forced to offer yields close to 7 per cent even as system is awash with liquidity

Retail activity at 50% of pre-Covid levels in June despite unlocking

While key categories like personal care, jewellery, clothing and footwear continued to lag, grocery and quick service restaurants sectors recovered quickly