Page 1471 - Economy & Policy News
Lok Sabha passes Appropriation Bill, finishes two-thirds of budget exercise
The Lok Sabha on Wednesday passed the Appropriation Bill 2021-22, authorising the government to draw funds from the Consolidated Fund of India for its working as well as implementation of its programmes and schemes.
 "Lok Sabha passes Appropriation Bill, finishes two-thirds of budget exercise")
High economic growth will spare India from debt trap, say experts
Finance panel had indicated that total debt could touch 90% of GD
 "High economic growth will spare India from debt trap, say experts")
Direct tax mop-up betters estimate for the first time in four years
With the payments of the last instalment on Monday, advance tax collection for FY21 was around 7 per cent higher than last year's
 "Direct tax mop-up betters estimate for the first time in four years")
GST regime: Madras HC allows claiming input tax credit on TDS from VAT
The petitioners' counsel submitted that TDS is nothing but tax and the TNVAT Act makes this position clear
 "GST regime: Madras HC allows claiming input tax credit on TDS from VAT")
Stick to spirit of law instead of finding loopholes: Goyal to investors
Goyal said that some investors have been trying to circumvent and misuse the provisions of the law, which leads to the government trying to plug the loophole
 "Stick to spirit of law instead of finding loopholes: Goyal to investors")
Mumbai top cop shunted, NIA says other players in Waze episode
NIA sources said the case had virtually been cracked and soon the "entire conspiracy" behind would be unravelled.
 "Mumbai top cop shunted, NIA says other players in Waze episode")
March-end forward premia jumps as banks convert dollar for rupee
These transactions happen through swaps, in which banks sell dollars on the spot market and buy dollars in the forwards in April
 "March-end forward premia jumps as banks convert dollar for rupee")
E-commerce firms flouting FDI rules, must be deal with: Trade group
The meeting was held after Piyush Goyal, commerce and industry minister, said the government is considering clarifying rules on e-commerce
 "E-commerce firms flouting FDI rules, must be deal with: Trade group")
NSE co-location case: ED investigation likely to conclude next month
Widens ambit to also look at the recent technical glitch that halted NSE trading for hours
 "NSE co-location case: ED investigation likely to conclude next month")
India, UAE vow to strengthen energy cooperation: Dharmendra Pradhan
UAE is a key oil supplier to India and a partner in an Indian joint venture that plans to build a 1.2 million barrels per day (bpd) refinery and petrochemical complex on the country's west coast
 "India, UAE vow to strengthen energy cooperation: Dharmendra Pradhan")
Land monetisation lessons: Canadian firm could be model for unlocking land
In the Union Budget, Finance Minister Nirmala Sitharaman had outlined the government's intent to monetise surplus public lands by way of direct sales, concessions or other means
 "Land monetisation lessons: Canadian firm could be model for unlocking land")
FDI policy in e-comm sector should be enforced in letter and spirit: CAIT
Domestic traders' body CAIT on Wednesday said the foreign direct investment policy in the e-commerce sector should be enforced in letter and spirit so that global players do not violate the rules.
 "FDI policy in e-comm sector should be enforced in letter and spirit: CAIT")
Concessional 5% withholding tax continues for debt interest income of FPIs
The Income Tax department on Wednesday said that concessional rate of tax of 5 per cent shall continue for certain interest income of foreign portfolio investors.
 "Concessional 5% withholding tax continues for debt interest income of FPIs")
Over 1.75 mn houses constructed under PMAY-U during Covid-19 pandemic: Puri
Over 10.75 lakh houses have been constructed under the Pradhan Mantri Awas Yojana (Urban) during the COVID-19 pandemic so far
 "Over 1.75 mn houses constructed under PMAY-U during Covid-19 pandemic: Puri")
Jaishankar to hold talks with visiting Kuwaiti counterpart Thursday
External Affairs Minister S Jaishankar will hold extensive talks with his Kuwaiti counterpart Sheikh Ahmed Nasser Al-Mohammed Al-Sabah on Thursday
 "Jaishankar to hold talks with visiting Kuwaiti counterpart Thursday")
Economic reforms to drive India sovereign rating, says K V Kamath
Veteran banker K V Kamath on Wednesday expressed optimism that India's sovereign rating would go up on the back of efforts being taken by the government to push economic reforms
 "Economic reforms to drive India sovereign rating, says K V Kamath")
Take steps to contain further deterioration in exports, imports: Par Panel
A parliamentary panel has suggested to the Department of Commerce to take appropriate measures to check further deterioration in exports and crucial imports
 "Take steps to contain further deterioration in exports, imports: Par Panel")
MoD blames French vendor, Naval Group, for Scorpene delays
The delays have been caused due to various defects observed during the trials of the submarines, requirement of certain modifications, states MoD
 "MoD blames French vendor, Naval Group, for Scorpene delays")
India and Philippines most vulnerable to risks of a 'taper tantrum': S&P
S&P Global Ratings on Wednesday said the recovery across Asia's emerging economies would withstand rising US yields
 "India and Philippines most vulnerable to risks of a 'taper tantrum': S&P")
7.8 mn domestic air passengers in Feb, 36.71% lower than last year: DGCA
The pandemic has heavily weighed on the aviation sector
 "7.8 mn domestic air passengers in Feb, 36.71% lower than last year: DGCA")