Page 1596 - Economy & Policy News
Q2 GDP impact: Experts scale up full-year projections for FY21
While the economy will still see a fall in FY21, it is likely to be less pronounced than what experts had forecast earlier
 "Q2 GDP impact: Experts scale up full-year projections for FY21")
Industry highlights flaws in Pesticides Management bill, seek more scrutiny
CCFI has claimed that the Pesticides Management Bill 2020 has over a dozen drawbacks and the proposed legislation should be sent to a select committee of Parliament.
 "Industry highlights flaws in Pesticides Management bill, seek more scrutiny")
IT Dept finds Rs 450 cr undisclosed income during search across four cities
IT SEZ developer, ex-director of the company and a stainless-steel supplier are on the radar
 "IT Dept finds Rs 450 cr undisclosed income during search across four cities")
Demand for BIS certified two-wheeler helmets to hit 100 mn with new norms
The helmet manufacturing industry expects the demand for BIS certified two-wheeler helmets to sky-rocket after the Centre implemented new norms
 "Demand for BIS certified two-wheeler helmets to hit 100 mn with new norms")
CAIT alleges violation of FDI norms by e-commerce firms, writes to PM Modi
Traders' body CAIT wrote to Prime Minister Narendra Modi seeking "strong action" against e-commerce firms for alleged violation of FDI policy by them
 "CAIT alleges violation of FDI norms by e-commerce firms, writes to PM Modi")
5G prospects compelling for India; spectrum can spur growth: Qualcomm
Indian regulators will have a big role to play in ensuring that 5G in India is deployed to its "full potential"
 "5G prospects compelling for India; spectrum can spur growth: Qualcomm")
FPIs net buyers for 2nd consecutive month in Nov, invest Rs 60,358 cr
For equities segment, this is the highest quantum of money invested ever since the FPI data has been made available by the National Securities Depository Ltd
 "FPIs net buyers for 2nd consecutive month in Nov, invest Rs 60,358 cr")
From small businesses to farmers, here's how middle India is driving demand
Government data released on Friday showed the economy shrank 7.5% in the July-September quarter, performing better than analysts' expectation of an 8.8% contraction
 "From small businesses to farmers, here's how middle India is driving demand")
25,000 defaulting taxpayers to be persuaded to file GST returns by Nov 30
GSTN and tax officials have decided to persuade 25,000 taxpayers, who have defaulted to file their GSTR-3B returns by the November 20 due date for the month of October, to file the same
 "25,000 defaulting taxpayers to be persuaded to file GST returns by Nov 30")
Govt urges farmers to call off agitation, says ready to hold talks anytime
Amid massive protests by farmers for the third consecutive day, the government on Saturday said it was ready for talks with them anytime and urged them to call off their agitation
 "Govt urges farmers to call off agitation, says ready to hold talks anytime")
October retail inflation for industrial workers increases to 5.91%
The retail inflation for industrial workers increased to 5.91 per cent in October.
 "October retail inflation for industrial workers increases to 5.91%")
JNPT says it is adhering to all green norms for Vadhavan port development
The country's leading container port JNPT on Saturday said it was adhering to the terms of reference issued by the Ministry of Environment, Forest & Climate Change for development of Vadhavan port.
 "JNPT says it is adhering to all green norms for Vadhavan port development")
EPFO extends deadline to submit life certificate by pensioners till Feb 28
The pensioners who could not submit their life certificates till November 30 deadline, would get pension every month till February
 "EPFO extends deadline to submit life certificate by pensioners till Feb 28")
Centre's ethanol push prompts sugar mills to increase production
The Centre has floated tenders seeking supply of 350 crore litres of ethanol to be blended with vehicle fuel.
 "Centre's ethanol push prompts sugar mills to increase production")
Rising FDI shows investors prefer India's enabling environment: Goyal
FDI in India grew by 15 per cent to Rs 2.2 trillion ($30 billion) during the first half of the current fiscal.
 "Rising FDI shows investors prefer India's enabling environment: Goyal")
Petrol price rises again to cross Rs 82-mark, diesel above Rs 72 a litre
In nine days, petrol price has gone up by Rs 1.07 per litre and diesel rate has risen by Rs 1.67.
 "Petrol price rises again to cross Rs 82-mark, diesel above Rs 72 a litre")
India's GDP Q2 2020: Economic contraction narrows to 7.5% from 23.9% in Q1
Even if India continues to be in a technical recession, a drop in the rate of GDP contraction signals a revival for the economy after a major plunge in the wake of the coronavirus pandemic
 "India's GDP Q2 2020: Economic contraction narrows to 7.5% from 23.9% in Q1")
Govt 'cautiously optimistic' as GDP contraction not so sharp in Q2: CEA
Warns about the possibility of another, more devastating Covid wave, strikes an optimistic chord on declining infections
 "Govt 'cautiously optimistic' as GDP contraction not so sharp in Q2: CEA")
Sharp 23.9% GDP fall in Q1 will take at least a year to recover: Economists
Current year will continue with a drop of 7-7.5% which is lower than the earlier anticipated 10%
 "Sharp 23.9% GDP fall in Q1 will take at least a year to recover: Economists")
Cheer in recession: GDP contracts at a slower pace of 7.5 per cent in Q2
As expected, agriculture held up yet again, clocking a growth of 3.4 per cent for the second consecutive quarter
 "Cheer in recession: GDP contracts at a slower pace of 7.5 per cent in Q2")