Page 1396 - Economy & Policy News

Finance ministry to meet Infosys team to discuss IT e-filing glitches

Finance ministry officials will meet representatives of Infosys on June 22 to discuss issues and glitches in the new income tax e-filing portal

Rising commodity prices risk raising costs for India's infra plans

Commodity super-cycle may upset plans for national infrastructure pipeline, raise expenses for Railways

DPIIT notifies 74% FDI cap in insurance sector under automatic route

The DPIIT has notified the government's decision to increase the foreign direct investment (FDI) limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier

Ahead of Rs 10K-cr G-Sap, states see debt cost falling 20 bps to 6.75%

The weighted average cost of borrowing for the states has fallen by 20 bps over the past week to 6.75 per cent at the latest auctions.

Tax portal glitches: FinMin to hold a meeting with Infosys on June 22

After the much publicised e-filing portal went live on June 7, many IT filers faced technical hiccups

EAM Jaishankar, FM Sitharaman to headline UK's India Global Forum

India Global Forum, organised from London as a hybrid event between June 29 and July 1, will bring together a range of worldwide experts

India's May trade deficit widens to $6.28 billion as imports rise 73%: Govt

India's exports rose by 69.35 per cent to $32.27 billion in May, driven by healthy growth in sectors such as engineering, petroleum products and gems and jewellery

'Inflation spike in May might cause RBI to revisit focus on growth risks'

This is based on commentary from global forecasting firm Oxford Economics

Indians created 19 online accounts on avg during Covid-19: IBM Research

The global survey asked 22,000 people in 22 markets about their online behaviour, and was conducted by Morning Consult on behalf of IBM Security

Office leasing in 2021 may remain flat or grow slightly in 7 cities: JLL

JLL India, part of US-based real estate consultancy firm JLL, is one of the leading property consultants in India with dominance in commercial leasing and facilities management businesses.

Explained: Why is India losing sleep over record high vegetable oil prices?

The government is considering reducing taxes on vegetable oil imports after cooking oil prices hit record highs last month

RBI to focus on growth even as inflation breaches tolerance band: Report

The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%

Retail sales decline 79% in May over pre-Covid levels in 2019: Report

Businesses across states were closed due to the second wave of the pandemic, as per a survey by Retailers Association of India (RAI)

India's jobless rate slides 8.7% in signs economy is turning around

Rate for the week to June 13 fell to 8.7% from 13.6% a week ago, data from Centre for Monitoring Indian Economy showed.

Andhra CM unveils annual credit plan outlay of Rs 2.8L cr during SLBC meet

Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Monday unveiled the state's annual credit plan outlay of Rs 2.83 lakh crore during the 215th state level bankers' committee (SLBC) meeting.

Application window for PLI scheme for white goods opens from today

The application window for the Production Linked Incentive (PLI) scheme for white goods - ACs and LEDs - will be open for three months from Tuesday, the Commerce Ministry said on Monday

Why world's policy makers are not worrying about inflation yet: your job

Governments, central banks continue support for pandemic-stricken economies with more spending and low interest rates.

West Bengal demands additional GST compensation of Rs 4,911 crore

West Bengal Finance Minister Amit Mitra on Monday said he had written to Union Finance Minister Nirmala Sitharaman in this regard but received no response so far.

A giant, poor-sighted bird stands in the way of India's green energy goals

The effort to save the great Indian bustard holds risks for what is arguably an even larger environmental cause.

Finmin asks ministries to work out govt guarantee plan for FY'22

The finance ministry has asked all ministries and departments to assess the government guarantee requirement for the current fiscal and submit a prioritised list.