Page 1400 - Economy & Policy News

Direct tax mop-up zooms 85% in spite of economic disruption due to Covid-19

Trend in contrast to moderation in GST collections last month

Edelweiss Financial plans to slash wholesale book by half to Rs 5,900 crore

Edelweiss has pegged inflows of Rs 3,700 crore in the current financial year (2021-22) and Rs 3,800 crore in FY23.

Electrifying game: Private power producers turn up investment cycle

Tata Power, for instance, has reduced its consolidated net debt by Rs 11,400 crore in the last three years to Rs 36,559 crore as on March 31, 2021

Govt invites tender for delivery of Covid jabs by drones to far flung areas

DGCA is set to start trial of beyond visual sight operation by drone next week

Ministry of Defence allocates Rs 500 cr for designing innovative products

The iDEX initiative was launched by Prime Minister Narendra Modi in April 2018, with the aim of fostering innovation and technology development in defence and aerospace

Railways' earnings from platform ticket sales take a severe hit, dip by 94%

The railways' earnings from platform tickets took a severe hit in FY 21 with revenue from sale dipping by about 94 per cent as compared to the previous year due to coronavirus crisis, a RTI has found

Irdai looking for agency to manage its grievance redressal centre

Regulator Irdai is looking for an agency to manage its multi-media grievance redressal centre with a view to address complaints of insured public against insurance companies.

Sharpening income inequalities telling story of 'uneven' recovery: Subbarao

The ex-central bank governor said that earlier expectations of a sharp economic recovery this year have been dashed by the new pandemic wave

Rajnath Singh approves declassification of war histories after 25 yrs

Orders war histories to be compiled within five years

After Covid, we need simplicity in ease of doing business: NITI Aayog CEO

We need to bring reforms as much as we can, after Covid: NITI Aayog CEO

GST cuts on several Covid essentials; no change in tax on vaccines

Centre to share 70% of vaccine revenue with states, says FM Sitharaman

GST: Centre to share 70% of vaccine revenue with states, says FM Sitharaman

GST Council approves rate reduction for Remdesivir from 12% to 5%; nil tax on Tocilizumab, Amphotericin; however, the Council agrees to stick to 5% GST on vaccines

Clean energy investment in developing economies top global priority: IEA

Recent trends in clean energy spending point to a widening gap between advanced economies and the developing world even though emissions reductions are far more cost-effective in the latter.

Aurangabad needs international airport, convention centre: Niti Aayog CEO

This will boost tourism and industries in the region: Niti Aayog CEO

GST Council meet underway, may consider duty cuts on medical supplies

The meeting is taking place after the 43rd meeting of the Council on May 28 announced a series of duty concessions on Covid relief items in addition to relaxation of compliance measures for taxpayers

India's industrial output surges 134.4% in April on low-base effect

Manufacturing sector output, which accounts for more than three-fourths of the entire index, registered a growth of nearly 200 per cent

Moody's downgrades Delhi International Airport ratings to B1 from Ba3

Moody's Investors Service has downgraded Delhi International Airport Ltd's (DIAL's) corporate family rating and senior secured ratings to B1 from Ba3.

MCA amends provisions of SBO's share transfer to investor awareness fund

An SBO is a person holding a beneficial interest of at least 10 per cent whether acting alone, together or through one or more individuals or trust, in a company

Govt asks ministries, departments to cut 'controllable' expenditure by 20%

The move comes amid concerns that the fiscal deficit may exceed the FY22 target of 6.8% of GDP

FM Nirmala Sitharaman to chair 44th GST Council meeting today

44th meeting of the Goods and Services Tax (GST) Council today is expected to take a decision on relief in respect of Covid-19 related individual items based on the report of Group of Ministers