Page 1652 - Economy & Policy News

GST Council: No voting expected on new compensation borrowing options

The finance ministry has ruled out voting on the borrowing options given by the Centre to the states in lieu of their GST compensation dues at the next GST Council meeting on Monday

Delhi man held by DGGI in Rs 190 crore fake input tax credit case

DGGI GZU has arrested a Delhi resident on charges of setting up and operating fictitious firms on forged documents and passing fake ITC totalling Rs 190 crore

Can't extend loan moratorium as it may affect credit discipline: RBI to SC

RBI said, a long moratorium exceeding six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments

Chhattisgarh and Tamil Nadu top Projecx new investment table in Q2FY21

Chattisgarh topped the table by attracting fresh investment of Rs 35,771.3 cr in the form of 114 projects while Tamil Nadu was ranked second with 132 new projects worth Rs 23,331.85 cr

India's September fuel demand posts first monthly gain since June

India's fuel demand in September rose for the first time since June as easing restrictions supported economic activity and travel, but consumption remained weaker than a year earlier

RBI policy review: Pause on rate, fast-forward on liquidity to back growth

RBI's accommodative policy may benefit companies as India heads into the festive season

Proposed health data policy puts question mark on privacy concerns

The propesed policy is built on the foundations of legislation that doesn't exist. It also seems to be more concerned about monetisation of such data, than with the protection of privacy

RBI governor urges bond market to cooperate, announces outright OMO support

While not exactly announcing an OMO calendar for secondary-market bond purchases, the OMO size has been doubled to Rs 20,000 crore in each operation

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans

Monetary policy review: RBI expects 'modest' recovery in Jan-March

As growth recovers, the MPC said inflation would moderate towards the range 4.5-5.4 per cent in the remainder of FY21.

BOT highway projects set to take off after more than 2-year pause

Starting next month, government targets bidding out six projects by April 2022

Equalisation levy posts 35% growth; overall tax collection remains muted

Direct tax, net of refunds, contracted by 24 per cent as of October 8 to Rs 3.66 trillion compared with Rs 4.8 trillion in the corresponding period last year.

Generous response to Daan Utsav in Covid-19 pandemic year: Survey

Companies, Bollywood actors and individuals come forward to donate during week-long festival of giving

PSBs on-board 15 mn account holders on digital payment modes in 45 days

Under the campaign, banks were asked to on-board a minimum 100 new customers including merchants and financial inclusion account holders by each branch on digital payment mode

India can be AI hub, policy set-up for tech can spur growth: Chandrasekaran

He said if India is able to solve the problems using AI, then the solutions can spread to developing as well as developed nations

32% of FCI's FY21 wheat procurement cost to be mandi taxes, middlemen fee

The other components are poo­led cost of grains and distribution cost that includes freight, handling, and storage, etc

E-invoicing to be extended to all firms from Apr 1 in phases: Finance secy

The IRN generation has grown by 163 per cent from October 1 - 7

Odisha govt approves investment proposals worth over Rs 1,851 crore

The projects got the go-ahead at a State Level Single Window Clearance Authority meeting chaired by Chief Secretary A K Tripathy.

Govt nod likely for funding from Chinese investors below 10% stake

A majority of the 100 applications pending since April are for non-sensitive sectors

India's September fuel demand declines about 4.4% to 15.47 mn tonnes

Sales of gasoline, or petrol, rose by 3.3% from a year earlier to 2.45 million tonnes