Page 1349 - Economy & Policy News
Oximeters, BP machines to get cheaper as NPPA caps trade margins at 70%
Earlier margins were as high as 709% for some devices; revised prices will come into effect from July 20
 "Oximeters, BP machines to get cheaper as NPPA caps trade margins at 70%")
Maharashtra announces sops up to Rs 20 lakh for electric vehicles
Housing societies to get property tax rebate for setting up charging stations; State targets 10% share of EVs in total registrations by 2025
 "Maharashtra announces sops up to Rs 20 lakh for electric vehicles")
China-India trade on rise despite chill in ties, crosses $57 bn in H1
The China-India bilateral trade in the first half of the year totalled $57.48 billion, up 62.7 per cent year on year, perhaps the highest in recent years amid the Ladakh impasse and the COVID-19
 "China-India trade on rise despite chill in ties, crosses $57 bn in H1")
BS Number wise: Indian power distribution companies' Ides of March
This March, discoms cleared Rs 34,150 crore worth of debt owed to power-generating companies
 "BS Number wise: Indian power distribution companies' Ides of March")
IT dept detects Rs 880-cr hidden income after survey of Bengaluru company
The Income Tax Department has detected "concealment" of Rs 880 cr income after it surveyed the Bengaluru premises of a leading manpower service providing company, the CBDT said on Tuesday.
 "IT dept detects Rs 880-cr hidden income after survey of Bengaluru company")
Mobile subscriber additions muted in Apr due to Covid lockdown: Analysts
The telecom sector's mobile subscriber net additions moderated to about 2.2 million (22 lakh) in April this year, with analysts blaming the 'muted' numbers on the second wave of COVID and lockdowns.
 "Mobile subscriber additions muted in Apr due to Covid lockdown: Analysts")
Govt may liberalise policy to promote alternative fertilisers: Mandaviya
The government is planning to liberalise the Market Development Assistance (MDA) policy to promote the use of alternative fertilizers, Fertiliser Minister Mansukh Mandaviya said.
 "Govt may liberalise policy to promote alternative fertilisers: Mandaviya")
Finance ministry puts on hold examination for clerical cadre in PSU banks
The Finance Ministry directed the Institute of Banking Personnel Selection to put on hold examination for clerical cadre in PSBs till a final view is taken on conducting tests in regional languages.
 "Finance ministry puts on hold examination for clerical cadre in PSU banks")
EAM S Jaishankar meets Afghan counterpart ahead of key SCO summit
External Affairs Minister S Jaishankar on Tuesday met his Afghan counterpart Mohammad Haneef Atmar here and discussed the situation in the war-torn country.
 "EAM S Jaishankar meets Afghan counterpart ahead of key SCO summit")
GST officials book 8,000 cases involving fake ITC of over Rs 35k cr in FY21
Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.
 "GST officials book 8,000 cases involving fake ITC of over Rs 35k cr in FY21")
States lift 1.53 mn ton foodgrains for free distribution during July-Nov
States have lifted 15.30 lakh tonnes of foodgrains so far for free distribution under the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY).
 "States lift 1.53 mn ton foodgrains for free distribution during July-Nov")
WFP partners with Rajasthan to improve Targeted Public Distribution System
The United Nations World Food Programme (WFP) in India and the Rajasthan government have joined hands to improve the Targeted Public Distribution System (TDPS) in the state.
 "WFP partners with Rajasthan to improve Targeted Public Distribution System")
KTR moots exclusive zone for Singapore companies investing in Telangana
Telangana minister K.T. Rama Rao on Tuesday said if Singapore companies evinced interest in investing in Telangana, the state government would set up an exclusive zone or Singapore hub.
 "KTR moots exclusive zone for Singapore companies investing in Telangana")
Govt may appoint National Maritime Security Coordinator to handle issues
The government is likely to appoint a National Maritime Security Coordinator to ensure cohesive and quicker decision making among multiple organisations that are handling maritime issues in India
 "Govt may appoint National Maritime Security Coordinator to handle issues")
Bhutan first country to adopt UPI; FM hails platform's role during lockdown
Sitharaman says platform facilitated 22 billion transactions worth Rs 41 trillion in 2020-21
 "Bhutan first country to adopt UPI; FM hails platform's role during lockdown")
Govt waives duty on materials for Covid test kits, APIs for Amphotericin B
The government has exempted basic customs duty on imports of specified API/ excipients for Amphotericin B and raw materials for manufacturing Covid test kits.
 "Govt waives duty on materials for Covid test kits, APIs for Amphotericin B")
Power demand in India expected to grow 6% for FY22 on YoY basis: Icra
It has also estimated power generation capacity addition at 17- 18 GW for the ongoing fiscal year.
 "Power demand in India expected to grow 6% for FY22 on YoY basis: Icra")
Petrol, diesel prices unchanged, here are the prices in your city today
In Delhi, petrol prices stood at Rs 101.19 per litre
 "Petrol, diesel prices unchanged, here are the prices in your city today")
Fiscal deficit worries could be on backburner: Niti Aayog's Rajiv Kumar
'If you have to spend money because you have to save both lives and livelihoods then that's what you have to do,' he says.
 "Fiscal deficit worries could be on backburner: Niti Aayog's Rajiv Kumar")
Gadkari lays foundation stone for 16 national highway projects in Manipur
Union Minister Nitin Gadkari inaugurated and laid the foundation stone for 16 national highway projects in Manipur with an investment of Rs 4,148 crores covering a total length of 298 kms
 "Gadkari lays foundation stone for 16 national highway projects in Manipur")