Page 1403 - Economy & Policy News

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

Govt refuses to exempt mainstream media from new IT rules, asks to comply

The government has refused to exempt the digital news content of mainstream television channels and print media from the ambit of the the IT Rules, 2021

TRAI releases new technical framework for broadcasting and cable services

TRAI on Friday released an amendment to interconnection regulations of 2017 which provides for a framework for technical compliance of conditional access system (CAS) and subscriber management system

Enforcement Directorate issues notice to WazirX, directors over FEMA breach

Exchange said they are yet to receive ED notice

Digital rights outfits call upon Indian govt to roll back IT Rules

Coalition of 14 such outfits is also asking corporations to step up against intrusion by Indian authorities into the rights of millions of people who use their services everyday

Opportunity for potential vaccine entrants in India shrinking: Analysts

The government has recently set the maximum price that private hospitals can charge for the three Covid-19 vaccines currently available in India

Centre borrows less than planned amid second wave of Covid-19 pandemic

Compared with last year, though, the borrowing has been higher

Manpower crunch may hit govt's aspirational districts plan: UNDP report

Challenge of getting trained hands at ground level could be overcome by providing dedicated personnel at each aspirational district and making hiring more flexible, study says

Govt must allocate more foodgrains under PDS to clear bulging stocks: CACP

Commission for Agriculture Costs and Prices calls for comprehensive review of the PM-ASHA scheme for oilseeds, pulses procurement

FM asks ministries to front load capex; explore PPPs for viable projects

Finance Nirmala Sitharaman on Friday asked various ministries to try to spend more than their capital expenditure targets as well as explore public private partnerships for viable projects.

India's industrial output surges 134% in April on low-base effect

IIP for the mining, manufacturing and electricity sectors for April stood at 108, 125.1 and 174, respectively