Page 1342 - Economy & Policy News
GST payable only on profit earned from resale of gold jewellery
Karnataka Authority for Advance Ruling has held that in case of resale of second-hand gold jewellery, jewellers have to pay GST only on the profit earned from such sale
 "GST payable only on profit earned from resale of gold jewellery")
Gross leasing of office space down 22% across 6 cities in Jan-June
Gross leasing of office space declined by 22 per cent year-on-year across six major cities during January-June this year to 10.1 million sq ft due to lower demand amid Covid-19 pandemic
 "Gross leasing of office space down 22% across 6 cities in Jan-June")
Services export may grow 10% in FY22 due to growth in various sectors: SEPC
The country's services exports are expected to grow 10 per cent in 2021-22 due to healthy growth of sectors such as consulting, audio visual, freight transport, telecommunications, according to SEPC.
 "Services export may grow 10% in FY22 due to growth in various sectors: SEPC")
GST only on margin earned on resale of second-hand jewellery: AAR
Jewellers will have to pay GST only on the profit earned on resale of second-hand gold jewellery, Karnataka AAR has ruled.
Discoms' outstanding dues to gencos fall 15.25 pc to Rs 82,305 cr in May
Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 15.25 per cent to Rs 82,305 crore in May 2021 from a year ago.
 "Discoms' outstanding dues to gencos fall 15.25 pc to Rs 82,305 cr in May")
Zurich airport signs agreement with NIAL for development of Noida airport
Zurich Airport International on Saturday signed a shareholder agreement with the Uttar Pradesh government's entity NIAL in Lucknow for the development of Noida International Airport, a statement said
 "Zurich airport signs agreement with NIAL for development of Noida airport")
Restructuring of assets on cards in absence of moratorium: HDFC Securities
Financial institutions are likely to exercise 'Restructuring 2' for stressed assets, in the absence of a moratorium, said HDFC Securities
 "Restructuring of assets on cards in absence of moratorium: HDFC Securities")
Budget: First woman finance minister sets the ball rolling for a new Assam
Most of the expenditure in the budget is aimed at providing support to the neediest strata of the society
 "Budget: First woman finance minister sets the ball rolling for a new Assam")
Petrol prices hiked again; here are the prices in your city today
In Delhi, petrol was hiked by 30 paise from Rs 101.54 per litre to Rs 101.84 per litre. Check today's fuel prices city-wise
 "Petrol prices hiked again; here are the prices in your city today")
In a breather to telcos, DoT may lighten debt burden by relaxing timelines
The effort would be to firm up measures so that the telecom sector does not go down any further, an official said
 "In a breather to telcos, DoT may lighten debt burden by relaxing timelines")
Wide-ranging reforms make India attractive destination for investment: FM
India's continuous wide-ranging reforms make the country an attractive destination for foreign investments, Finance Minister Nirmala Sitharaman said while addressing executives of top US companies.
 "Wide-ranging reforms make India attractive destination for investment: FM")
NDMC extends last date for payment of property tax with rebate to July 31
The North Delhi Municipal Corporation has extended the last date for payment of property tax with 15 per cent rebate and additional benefit, to July 31, its mayor said on Friday.
 "NDMC extends last date for payment of property tax with rebate to July 31")
Linking loan rates to external benchmark boosts RBI policy transmission
In response to each policy rate cut by the central bank, the bond market passed on the cuts almost immediately
 "Linking loan rates to external benchmark boosts RBI policy transmission")
Gujarat tops discom ranking ninth year in a row, UP and Haryana progress
Loss-making discoms need to take corrective measures to access funds under Central schemes, says power minister R K Singh
High food inflation a worry, says Niti Aayog CEO Amitabh Kant
He also said the state governments must take the lead in instituting labour reforms and rationalising costs of power to the industry
 "High food inflation a worry, says Niti Aayog CEO Amitabh Kant")
Railway stations need to go beyond transport, become economic hubs: PM Modi
Work on redevelopment of 125 stations currently underway, at total investment of over Rs 50,000 cr
 "Railway stations need to go beyond transport, become economic hubs: PM Modi")
Kharif sowing drops further, raises output concerns in oilseeds, pulses
Farmers might shift from soy, cotton and maize if rainfall doesn't improve sufficiently, analysts say
 "Kharif sowing drops further, raises output concerns in oilseeds, pulses")
Indian forex reserves rise by $1.88 bn to record high of $611.89 bn
The country's foreign exchange reserves increased by $1.883 billion to touch a record high of $611.895 billion in the week ended July 9, RBI data showed on Friday.
 "Indian forex reserves rise by $1.88 bn to record high of $611.89 bn")
India's economic growth to start hitting 6.5-7% from FY23 onwards: CEA
Subramanian expects the impact of the second wave not to be very significant
 "India's economic growth to start hitting 6.5-7% from FY23 onwards: CEA")
Govt-appointed council on curbing digital monopolies holds first meeting
The council deliberated on several issues concerning the formation of the ONDC platform and setting out basic fundamentals of this platform, CAIT said in a statement
 "Govt-appointed council on curbing digital monopolies holds first meeting")