Page 1541 - Economy & Policy News

Raise revenues from improved tech-driven enforcement: KPMG to govt

To help resolve tax disputes, a majority of respondents feel that a mediation scheme should be introduced in the Budget to help in negotiating settlements.

India smartphone market falls 2% to nearly 145 mn units in 2020: Canalys

A report by research firm Counterpoint earlier in the day had pointed to a 4 per cent dip in smartphone shipment to over 150 million units in 2020

Discoms should be consumer-centric, bring more pvt investment: House panel

One of the suggestions by the committee was increasing private participation in power distribution by way of content-carriage separation

FDI into India increases 37% to $43.85 billion during Apri-Nov 2020

Foreign direct investment into India increased by 37 per cent during April-November 2020 period

Oil and gas companies seek pandemic relief in the upcoming Budget

The Centre had considered tax sops for exploration and production operators in May 2020

Focus on extending Covid help, invest in infra: IMF's Gita Gopinath

Says agri laws have potential to increase farmers' income

Govt plans $41 bn reform in Budget 2021 to revive ailing power discoms

The plan for carrying out reforms for reducing losses of state distribution utilities was sought by the nation's power ministry and is under discussion

20% remained without work six months after losing jobs to lockdown: study

Findings are of second round of survey by Azim Premji University; 2,778 respondents from first round were re-interviewed across 12 states to gauge the nature of economic recovery

Rajasthan govt interacts with global investors to promote investment

The Rajasthan government on Wednesday interacted with investors and companies from various countries regarding opportunities in the proposed petroleum, chemicals and petrochemicals investment region

Rajnath Singh speaks to new US Defence Secy Lloyd Austin on global issues

Defence Minister Rajnath Singh on Wednesday spoke to new US Defence Secretary Lloyd Austin and exchanged views on regional and global issues of mutual interest, in the first high-level engagement

Agri minister Tomar asks ICAR to make farm sector more job-oriented

Agriculture Minister Narendra Singh Tomar on Wednesday asked ICAR to make the farm sector more employment-oriented with the help of New Education Policy (NEP).

Vital lessons from pandemic for a nation clawing back on to the growth path

While Centre-state cooperation on lockdown and vaccine roll-out are commendable, the fractious GST council meet and states not allowing in CBI could prove to be a spanner

Space dept, defence min agree to free band worth Rs 60k cr for 5G services

Telecom operators have been demanding 100 Mhz of spectrum in the 3300-3600 band for 5G services but at lower prices

Higher compliance, pent-up demand pushed GST mop-up to new high, shows data

Collection hit a record in December 2020, crossing Rs 1.15 trillion, in a sign that faster recovery could really be on its way

India's new agri laws have potential to raise farm income: IMF's Gopinath

But there is a need to provide a social safety net to the vulnerable cultivators, IMF's Chief Economist Gita Gopinath has said

Farming share in GDP may rise about 18% in FY21, but will the tiller gain?

Provisional data shows that inflation impact in 2020-21 is expected to be about 3.9%, down from 7.4% in 2019-20

India inks MoU with IEA for global energy security, sustainability

India on Wednesday inked a strategic partnership agreement with the International Energy Agency (IEA)

Govt should eye better collections than higher taxes for funds: KPMG Survey

A fund-starved government will be better off looking at increased collections fuelled by an economic recovery, the survey said

FinMin releases Rs 12,351 cr to 18 states for rural local bodies grant

The Finance Ministry said it has released Rs 12,351 crore to 18 states for providing grants to the rural local bodies

China says Indian ban on apps violates WTO fair rules of business

India has retained a ban on 59 Chinese apps