Page 1413 - Economy & Policy News

Govt announces GoM to examine GST exemption for Covid relief material

The GoM shall submit its report by June 8

Gadkari stresses on ways to reduce use of cement, steel in road construction

Gadkari said the government officials should positively support new ideas.

Bicycle demand growth pedalling to decadal high of 20%, says Crisil

The ongoing Covid-19 pandemic has spurred demand for bicycles

Late fee relief to non-filers of GST returns to help small biz: Experts

The rationalisation of late fees for delayed filing of monthly GST returns will give relief to small businesses and add to the government revenue, according to tax experts

Domestic air travel become costlier as govt raises lower limit on fares

Domestic air travel is set to become costlier as the Civil Aviation Ministry on Friday raised the lower limit on fares by 13 to 16 per cent, according to an official order

97% Indians poorer post-Covid; steady fall in salaried jobs: Mahesh Vyas

Centre for Monitoring Indian Economy CEO Mahesh Vyas explains whether India's economy can make another quick recovery

Quad fills crucial gap that has emerged in contemporary times: Jaishankar

The informal grouping of four countries in the Indo-Pacific region fills a very important gap that has emerged in contemporary times, External Affairs Minister S Jaishankar said

EAM Jaishankar, US business leaders discuss investment, creating more jobs

The outcome of this meeting was that the commitment of US companies for India with India has become much stronger during this Covid-19 crisis, says Mukesh Aghi

Champagne of teas loses fizz amid scanty rainfall, last year's lockdown

Scanty rainfall, last year's lockdown, growing competition from Nepal and the disaster of the 2017 Gorkhaland agitation are steadily weakening exports and sales of Darjeeling tea

GST Council meet: Decision on tax cuts on Covid-19 vaccines by June 8

The issue of GST rates on vaccines and other Covid-related supplies will be reviewed by a Group of Ministers (GoM).

GST Council meet: Govt to borrow Rs 1.58 trn for compensation shortfall

States' demand for the extension of the compensation period beyond June 2022 will be taken up in a separate meeting

Amitabh Bachchan buys duplex flat in Mumbai's Andheri area for Rs 31 cr

Per sq ft value of the property to be Rs 59,788; stamp duty on deal is Rs 62 lakh

Despite record dividend, RBI and govt may have differences over new norms

Apex bank's Rs 99,122 cr dividend supports the Centre's fiscal rescue plan, obviates need to ramp up borrowings for now

Centre to transfer Mid-day meal cooking cost directly to students' accounts

The one-time Covid relief transfer will cost Rs 1,200 crore; activists say amount too meagre

DRDO develops near-isothermal forging technology for aero-engines

This technological breakthrough was achieved by the DRDO's premier metallurgical laboratory, the Hyderabad-based Defence Metallurgical Research Laboratory

Jaishankar talks Indo-US strategic, defence partnership with Defence Secy

EAM S Jaishankar on Friday had a "warm meeting" with US Defence Secretary Lloyd Austin here during which they discussed further developing strategic and defence partnership between the two countries

GST meet discussed tax relief on medicines: Maharashtra Deputy CM

Maharashtra Deputy Chief Minister Ajit Pawar said it deliberated on tax relief on medicines, injections and health equipment

US pips Mauritius as 2nd largest source of FDI in India in 2020-21: DPIIT

The US replaced Mauritius as the second largest source of foreign direct investment into India during 2020-21 with inflows of USD 13.82 billion, according to government data.

Govt borrows 55% more this fiscal as lockdowns hit revenue collections

The Centre has borrowed Rs 2.1 trillion so far this fiscal

GST: Centre to borrow Rs 1.58 trn in FY22 to compensate states, says FM

Nirmala Sitharaman announces a flurry of pandemic-related relief measures after the 43rd GST Council meeting