Page 1406 - Economy & Policy News
STPIs reinvent as IT/ITeS players prefer WFH, eye other emerging verticals
About 12 Centres of Excellence have been recently approved and will be launched soon
 "STPIs reinvent as IT/ITeS players prefer WFH, eye other emerging verticals")
No green shoots: New investment projects fall in FY21, lowest since FY05
In FY05, this level was a part of the increasing trend witnessed since FY03
 "No green shoots: New investment projects fall in FY21, lowest since FY05")
27 lakh caught without ticket on trains in 2020-21; cases down to 25 pc
Despite restrictions on entry at railway stations without confirmed tickets in view of Covid, over 27 lakh people were caught travelling on trains ticketless, an RTI query has revealed.
 "27 lakh caught without ticket on trains in 2020-21; cases down to 25 pc")
India likely to benefit from global minimum 15% corporate tax pact: Experts
India is likely to benefit from the global minimum 15 per cent corporate tax pact by the world's richest nations and the country would continue to attract investment, tax experts said on Sunday.
 "India likely to benefit from global minimum 15% corporate tax pact: Experts")
FPIs invest Rs 8,000 cr in Indian markets in just four trading sessions
The inflow comes following a net withdrawal of Rs 2,954 crore in May and Rs 9,659 crore in April, data with depositories showed
 "FPIs invest Rs 8,000 cr in Indian markets in just four trading sessions")
Labour codes: Cos' PF liability to go up, less take-home pay for workers
After the implementation of new codes, the take-home pay of employees would reduce while provident fund liability of employers would increase in many cases
 "Labour codes: Cos' PF liability to go up, less take-home pay for workers")
Nitin Gadkari calls for increasing MSMEs share in GDP to 40% from 30%
Union minister Nitin Gadkari on Saturday stressed on increasing the share of the MSME sector in the country's GDP to 40 per cent from 30 per cent currently.
 "Nitin Gadkari calls for increasing MSMEs share in GDP to 40% from 30%")
Why Bitcoin's wild ride bodes well for the future of digital cash
Digital cash with in-built, self-executing software code will alter the future of money in a way that cryptocurrencies never could
 "Why Bitcoin's wild ride bodes well for the future of digital cash")
GST collections fall to an 8-month low in May; exceed Rs 1 trillion-mark
The goods and services tax collection stood at Rs 1.02 trillion in May compared with a record high of Rs 1.41 trillion in April and Rs 1.24 trillion in March
 "GST collections fall to an 8-month low in May; exceed Rs 1 trillion-mark")
5G, made in India: What key domestic telecom equipment makers are doing
A clutch of domestic companies is developing equipment and software solutions for this upcoming next-gen telecom technology
 "5G, made in India: What key domestic telecom equipment makers are doing")
Insurers to process claims under govt's flagship schemes within a week
Finance Minister Nirmala Sitharaman meets heads of insurance companies for faster claim settlement amid pandemic
 "Insurers to process claims under govt's flagship schemes within a week")
CAIT opposes Delhi's move to allow markets to open on 'odd-even' formula
The Delhi government had first imposed a complete weekly lockdown on April 19 which was later extended multiple times, last on May 23.
 "CAIT opposes Delhi's move to allow markets to open on 'odd-even' formula")
Amid curbs, GST collection in May drops to Rs 1.02 trn vs Rs 1.4 trn in Apr
However, when compared with the same month last year, the revenues collected in May are 65 per cent higher
 "Amid curbs, GST collection in May drops to Rs 1.02 trn vs Rs 1.4 trn in Apr")
Confident all will revise GDP growth projection to 10-10.5 pc: NITI Aayog
The RBI has cut the GDP growth forecast from 10.5 per cent to 9.5 per cent for the financial year 2021-22.
 "Confident all will revise GDP growth projection to 10-10.5 pc: NITI Aayog")
Explained: What is a global minimum tax and what will it mean?
Major economies are aiming to discourage multinationals from shifting profits - and tax revenues - to low-tax countries regardless of where their sales are made.
 "Explained: What is a global minimum tax and what will it mean?")
NITI Aayog SDG index: 'Bihar ranks top from bottom'; Lalu taunts Nitish
Leader of Opposition Tejashwi Prasad Yadav also hit out at Nitish Kumar.
 "NITI Aayog SDG index: 'Bihar ranks top from bottom'; Lalu taunts Nitish")
India's capacity for renewable energy rose by over 250% in 6-7 years: PM
He emphasised that the capacity of solar energy has been increased by about 15 times in the last six years.
 "India's capacity for renewable energy rose by over 250% in 6-7 years: PM")
Centre releases Rs 894 crore for Uttarakhand's health sector
The Government of India has released an amount of Rs 894 crore for strengthening of health services of Uttarakhand and operation of important public health services in the state
 "Centre releases Rs 894 crore for Uttarakhand's health sector")
JNPT's container cargo traffic rises 65.38% in May at 454,385 TEUs
Container cargo traffic at Jawaharlal Nehru Port Trust (JNPT) recorded a 65.38 per cent growth in May at 4,54,385 TEUs (twenty-foot equivalent units) over 2,74,755 TEUs in the same month last year
 "JNPT's container cargo traffic rises 65.38% in May at 454,385 TEUs")
FM Nirmala Sitharaman says macroeconomic fundamentals are sound
The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said
 "FM Nirmala Sitharaman says macroeconomic fundamentals are sound")