Page 1371 - Economy & Policy News
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.
 "FinMin gets bigger: Dept of Public Enterprises now part of Finance Ministry")
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")
Indian IT industry revenues to grow in double-digits in FY22: Azim Premji
Wipro founder-chairman Azim Premji believes the Indian IT industry revenues will grow in double digits in the current financial year
 "Indian IT industry revenues to grow in double-digits in FY22: Azim Premji")
Inflation, Covid-19 and debt top central bank worries: UBS survey
Fears about inflation and uncontrolled rises in long-term yields, a risk not flagged by participants at all in last year's Annual Reserve Manager Survey, were raised by 57% of respondents this year
 "Inflation, Covid-19 and debt top central bank worries: UBS survey")
Ahead of cabinet expansion, govt brings DPE under finance ministry
Earlier, the DPE came under the Ministry of Heavy Industries and Public Enterprises
 "Ahead of cabinet expansion, govt brings DPE under finance ministry")
VVDN gets approval under PLI Scheme for IT hardware manufacturing
VVDN Technologies has been approved by the Ministry of Electronics and Information and Technology (MeitY) under the Production Linked Incentive scheme (PLI) for IT hardware
 "VVDN gets approval under PLI Scheme for IT hardware manufacturing")
K'taka approves Rs 10 cr for development of historical places in Kittur
Karnataka Chief Minister BS Yediyurappa on Tuesday chaired the Kittur Development Authority meeting and approved an action plan worth Rs 10 crore
 "K'taka approves Rs 10 cr for development of historical places in Kittur")
E-commerce boom to double India warehouse deals, says Knight Frank
Annual warehousing transactions in the top eight Indian cities will grow to 76.2 million square feet by March 2026 from 31.7 million square feet in 2021
 "E-commerce boom to double India warehouse deals, says Knight Frank")
India coming out of 2nd wave; will see strong economic recovery: Jaishankar
India will witness a strong economic recovery and contribute to being an engine of growth for the global economy, External Affairs Minister S Jaishankar said
 "India coming out of 2nd wave; will see strong economic recovery: Jaishankar")
Govt launches mobile app 'Matsya Setu' for Indian aqua farmers
Union Fisheries, Animal Husbandry and Dairying Minister Giriraj Singh launched a mobile app 'Matsya Setu' to disseminate the latest freshwater aquaculture technologies to the country's aqua farmers.
 "Govt launches mobile app 'Matsya Setu' for Indian aqua farmers")
Drone policy set to be relaxed as IAF goes for counter-rogue tech
The new rules are likely to be unveiled on the Independence Day
 "Drone policy set to be relaxed as IAF goes for counter-rogue tech")
GST collections fall below Rs 1-trn mark after eight months in June
Hit 10-month low due to second wave; experts say mop up is better than expected, will provide a cushion to govt to ramp up spending
 "GST collections fall below Rs 1-trn mark after eight months in June")
Sovereign bonds slide as RBI's choice of purchase papers disappoint
Underwriters had to rescue nearly the entire Rs 11,000 crore ($1.5 billion) of the 5-year bond at last week's sale.
 "Sovereign bonds slide as RBI's choice of purchase papers disappoint")
Amid cabinet reshuffle buzz, Thawarchand appointed Karnataka Governor
Thawarchand Gehlot is currently Union Minister of Social Justice and Empowerment.
 "Amid cabinet reshuffle buzz, Thawarchand appointed Karnataka Governor")