Page 1387 - Economy & Policy News

Infosys to resolve major issues with new tax filing portal in a week

Sitharaman asked Infosys to work on the tax portal to make it more "humane and user-friendly"

Centrum Capital plans to raise up to Rs 500 crore in equity via QIP

The board also gave nod to the issuing of non-convertible debentures of up to Rs 1,000 crore

New rules for e-commerce companies likely to raise compliance burden

The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020

NARCL pegs its funding requirement at Rs 6,000 crore: Details here

The capital funding structure would follow a debt and equity ratio of 1:1, according to the proposal

Covid leaves Indian adults poorer by 6.1% in 2020: Credit Suisse

The drop in the wealth of Indian adults in 2020, according to Credit Suisse, was amplified by exchange rate depreciation

I-T portal glitches: FM asks Infosys to address all issues immediately

Sitharaman further urged Infosys to work on the new income-tax portal to make it more humane and user-friendly

Soft launch of phase-1 of National Single Window system for investors soon

There will be 17 ministries and departments and 14 states onboard in first phase, commerce and industry minister Pitush Goyal said at review meeting of the system

Wealth of India's super-rich slips 4.4% in 2020 due to rupee fall: report

This comes in spite of Mukesh Ambani, Gautam Adani, the Poonawallas and many other Indians seeing a jump in their net worth in this time

Govt revises timeline of second tranche of coal mine auctions

The last date for submission of bids has been extended to July 8, 2021.

India's crude oil output slips 6.3% in May, gas production jumps

Crude oil production at 2.43 million tonne in May was 6.32 per cent lower than 2.6 million tonne output in the same month last year

India imports bauxite worth Rs 390 crore until Jun 10: IIVCC

This, despite its position as the country with the fifth-largest deposits of the mineral in the world

Malaysia surpasses Indonesia to become India's top palm oil supplier

Indonesia's export levies have been at their highest level for five months in a row, according to trade officials.

Reforms by conviction and incentives, says PM Modi in blog post

PM Modi stated that the 15th Finance Commission and several academics have emphasised the crucial importance of sound property taxation.

I-T dept tool to identify 'specified persons' who have to pay higher taxes

The income tax department has developed a new utility to help TDS deductors and TCS collectors identify the 'specified persons' on whom higher rate of taxes will be levied from July 1

India's May crude oil imports dip as coronavirus pandemic curbs demand

India's May crude oil imports slipped to their lowest in three months as fuel demand sagged amid a second wave of the pandemic that crimped economic activity and mobility, data showed on Monday

RBI likely to go against convention on raising funds through bonds

This gives credence to the theory that the central bank may not want to issue a fresh set of 10-year paper in a hurry and would rather continue with the existing security

Govt notifies Rs 18,100 cr-PLI scheme to promote ACC battery making

Production linked incentives for manufacturing advanced chemistry cell batteries will be offered only to those firms that have been allocated the production capacity

Recovery tracker: Workplace visits rise to April-end levels as curbs ease

Retail & recreation visits at nearly 60% of normal times

Rs 6,322-crore steel PLI scheme likely to get Cabinet approval soon

A PLI scheme in specialty steel is expected to boost manufacturing capabilities for value-added steel, increasing exports

Diesel tops Rs 100/litre in Odisha, Rajasthan on the back of global cues

Diesel is expensive in these states as they levy the highest rates of Value Added Tax alongside cesses on auto fuels in the country