Page 1523 - Economy & Policy News
Govt has decided to shut 2 pharma PSUs, disinvest other 3: Govt tells LS
The government has offered voluntary retirement benefits to all employees of IDPL and RDPL, Gowda said
 "Govt has decided to shut 2 pharma PSUs, disinvest other 3: Govt tells LS")
FinMin permits Rs 2,731 crore add'l borrowing by Rajasthan post reforms
The Finance Ministry on Tuesday said it has permitted Rajasthan to borrow an additional Rs 2,731 crore after the state undertook reform in 'one-nation one ration card' system.
 "FinMin permits Rs 2,731 crore add'l borrowing by Rajasthan post reforms")
GST officers bust network of 46 fake firms used to claim Rs 82 cr ITC
GST officers have busted a network of 46 fake firms which used to generate fake invoices and fraudulently avail input tax credit (ITC) worth Rs 82.23 crore, the finance ministry said on Tuesday.
 "GST officers bust network of 46 fake firms used to claim Rs 82 cr ITC")
Govt considering certain clarifications on FDI in e-commerce sector: Goyal
The government is considering to come out with certain clarifications to ensure that the e-commerce sector works in the "true spirit" of the law and rules
 "Govt considering certain clarifications on FDI in e-commerce sector: Goyal")
Sugarcane arrears at Rs 16,883 cr as on Jan 31 of 2020-21 marketing year
Sugar mills owe Rs 16,883 crore to cane farmers as on January 31 of the current marketing year that started in October, Parliament was informed on Tuesday.
 "Sugarcane arrears at Rs 16,883 cr as on Jan 31 of 2020-21 marketing year")
Tourism ministry spent Rs 37 cr in 2019-20 to promote domestic tourism
The Ministry of Tourism has spent around Rs 37 crore in 2019-2020 to promote domestic tourism in the country
 "Tourism ministry spent Rs 37 cr in 2019-20 to promote domestic tourism")
Almost 86% of 417 million PMJDY accounts operative: MoS Finance
While public sector banks have opened 404.8 million accounts under PMJDY, only 12.7 million accounts were opened by 14 private sector banks
 "Almost 86% of 417 million PMJDY accounts operative: MoS Finance")
DGFT introduces online system for importers to seek tariff rate quota
The commerce ministry's arm DGFT has introduced an online system for traders who seek tariff rate quota for imports
 "DGFT introduces online system for importers to seek tariff rate quota")
India to overtake EU as world's third largest energy consumer by 2030: IEA
IEA forecast India accounting for the biggest share of energy demand growth over the next two decades
 "India to overtake EU as world's third largest energy consumer by 2030: IEA")
India to be largest source of energy demand growth at $8.6 trn: IEA
India's growing energy needs will make it more reliant on fossil fuel imports as its domestic oil and gas production has been stagnant for years
 "India to be largest source of energy demand growth at $8.6 trn: IEA")
NHAI InvIT: Govt awaits Sebi clearance to replace urban with rural areas
The road stretches in the urban areas, which were part of the earlier InvIT offering, have been removed in the proposal and replaced with the roads in rural areas
 "NHAI InvIT: Govt awaits Sebi clearance to replace urban with rural areas")
Centre's plan to club unviable airports unlikely to enthuse investors
Airport monetisation is a crucial component of the Centre's aggressive asset monetisation plan unveiled by Union Finance Minister Nirmala Sitharaman in the Budget for 2021-22
 "Centre's plan to club unviable airports unlikely to enthuse investors")
India in talks with Dutch lawyers to file an appeal against Cairn verdict
India is expected to take a stand that the government has the sovereign right of taxation and private individuals cannot decide on that
 "India in talks with Dutch lawyers to file an appeal against Cairn verdict")
Why dividing central bankers into hawks and doves misses the big picture
Reducing central bankers to caricatures risks missing the big picture. These days, policy makers have to be more nimble
 "Why dividing central bankers into hawks and doves misses the big picture")
Top headlines: Setback for Amazon, India to appeal against Cairn verdict
On Monday, the central bank said it would buy bonds worth Rs 20,000 crore from the secondary markets on Wednesday. Read top news with Business Standard here
 "Top headlines: Setback for Amazon, India to appeal against Cairn verdict")
RBI's special auction on Friday to sell bonds it wouldn't part with earlier
Central bank will sell Rs 11,000 cr each of 10-yr and 5-yr bonds on Thursday; Govt has kept Rs 2,000 cr green shoe in each; on Friday, RBI will auction Rs 26,000 cr of bonds as per prior plan
 "RBI's special auction on Friday to sell bonds it wouldn't part with earlier")
RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10
The central bank on Friday devolved nearly the entire bond auction on primary dealers, as the markets were demanding higher yields for five-year and 10-year bonds being sold
 "RBI to buy bonds worth Rs 20,000 crore via open market operations on Feb 10")
There is no provision to take credit of the agriculture infra cess: Expert
This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and in any case
 "There is no provision to take credit of the agriculture infra cess: Expert")
Manufacturing boost: PLI looks to succeed where older schemes failed
Pushing exports key to ensure scheme's viability, say experts
 "Manufacturing boost: PLI looks to succeed where older schemes failed")
FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled
Sitharaman asserts while govt can give stimulus, long-term infra financing is job of DFIs. Private players in this space will make funding competitive
 "FM's 'Mool Mantra': Can't dodge fiscal deficit, has to be carefully tackled")