Page 1357 - Economy & Policy News
India's inflation likely edged up to seven-month high in June: Reuters poll
India's retail inflation probably accelerated to a seven-month high in June on rising food and fuel prices, staying above RBI's comfort zone for a second straight month, a Reuters poll showed
 "India's inflation likely edged up to seven-month high in June: Reuters poll")
Explained: Why India is protesting EU's 'discriminatory' carbon border tax
As India's third largest trading partner, the EU accounted for €62.8 billion ($74.5 billion) worth of trade in goods in 2020.
 "Explained: Why India is protesting EU's 'discriminatory' carbon border tax")
Covid undoes gains India made after supercharging economy 30 years ago
Many Indians who had clawed their way out of poverty face grim job prospects and carry heavy debt loads.
 "Covid undoes gains India made after supercharging economy 30 years ago")
K'taka waives property tax on all single-screen theatres for FY 2021-22
Karnataka on Wednesday ordered a complete waiver of property tax on single-screen theatres for the 2021-22 financial year.
 "K'taka waives property tax on all single-screen theatres for FY 2021-22")
49 defaulters owe Rs 107 crore in property tax to Navi Mumbai civic body
A total of 49 defaulters owe Rs 107 crore to the Navi Mumbai Municipal Corporation (NMMC) in the form of property tax and the civic body has issued notices to them, an official said
 "49 defaulters owe Rs 107 crore in property tax to Navi Mumbai civic body")
Manufacturing trouble: Covid robs Moradabad's Brass City of its polish
SMEs struggling, recovery slow; rise in key raw material cost hurting exporters
 "Manufacturing trouble: Covid robs Moradabad's Brass City of its polish")
New Co-op Ministry might boost growth of multi-state co-op societies
This would bring much-needed transparency and fairness in the functioning of the cooperatives, which so far have been riddled with charges of political interference and mismanagement, say experts
 "New Co-op Ministry might boost growth of multi-state co-op societies")
Govt's move to bring DPE under FinMin to aid privatisation process
The changes are being done as govt looks to maintain "bare minimum" presence in PSUs in strategic sectors and privatise, merge, or close the remaining state-owned entities
 "Govt's move to bring DPE under FinMin to aid privatisation process")
After the latest hike, LPG is now costlier than electric cooking in Delhi
A 14.2-kg domestic LPG cylinder costs Rs 843.5 in the national Capital
 "After the latest hike, LPG is now costlier than electric cooking in Delhi")
Boost for realty as West Bengal proposes rebate on stamp duty in budget
2% rate cut proposed, along with 10% deduction in circle rate, which sets the value at which a property is registered
 "Boost for realty as West Bengal proposes rebate on stamp duty in budget")
Where are India's smart cities? The fate of the mission hangs in balance
An analysis reveals that just about a fourth of the funds allocated for smart cities have been spent, even though nearly half of the projects have been completed
 "Where are India's smart cities? The fate of the mission hangs in balance")
Piyush Goyal pitches for Indo-Pacific wide services trade agreement
Trade facilitation can ease the cross-border movement of goods: Goyal
 "Piyush Goyal pitches for Indo-Pacific wide services trade agreement")
Bengal Budget FY 22: Govt grants road tax waiver, stamp duty rebate
The government has also proposed to reduce stamp duty by two per cent for registration of deeds, while circle rate was slashed by ten per cent.
 "Bengal Budget FY 22: Govt grants road tax waiver, stamp duty rebate")
Leasing of warehousing space slumps 23% across 8 cities in FY'21
Leasing of warehousing space fell by a maximum of 42 per cent in Ahmedabad and Pune during the last fiscal at 3 million sq ft and 2.8 million sq ft, respectively.
 "Leasing of warehousing space slumps 23% across 8 cities in FY'21")
A dive into the govt's plan to overhaul entry into the civil services
Future civil servants will not enter a service just on the basis of their final ranks in the examination, but on the basis of tests of aptitude
FinMin gets bigger: Dept of Public Enterprises now part of Finance Ministry
Finance Ministry will now have six departments while DPE's hereto parent ministry, the Ministry of Heavy Industries and Public Enterprises will now be called the Ministry of Heavy Industries.
Fitch cuts India growth forecast to 10%, says vaccination to help revival
Rapid vaccination could support a sustainable revival in business and consumer confidence: Fitch
 "Fitch cuts India growth forecast to 10%, says vaccination to help revival")
IT industry to post strong recovery with 11% revenue growth in FY22: Crisil
The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, and retail
 "IT industry to post strong recovery with 11% revenue growth in FY22: Crisil")
Indian billionaires face off in race for domination in solar space
India's two richest men are vying to be at the forefront of Prime Minister Narendra Modi's ambition to ramp up green energy capacity
 "Indian billionaires face off in race for domination in solar space")
IT rules: Delhi HC refuses to grant interim protection to digital media
The Delhi High Court on Wednesday refused to grant protection from coercive action to digital media portals as it adjourned their challenge to the new IT Rules
 "IT rules: Delhi HC refuses to grant interim protection to digital media")