Page 1655 - Economy & Policy News

Oppn states object as Centre favours Option 1 at GST Council meet

After high drama at GST Council meet, FM Sitharaman agreed to reconvene to reach consensus

RBI is buying the bonds from the backdoor anonymously, shows data

May have given primary dealers a way to square off positions, shows data

Adopt fixed-term contracts for seasonal work, Labour Minister asks industry

Santosh Kumar Gangwar says employees attached and involved with a unit for longer duration are more productive; attrition cost of a skilled worker harms industry in the longer run

Raise taxes on very rich to stimulate economy: Joseph Stiglitz to govt

Stiglitz emphasized on the importance of targeting and how it can maximize the effect even within budgetary constraints

DoT looks for more spectrum to meet 5G demand of telecom companies

Jio, Airtel, Vodafone Idea seek at least 80 MHz for launching 5G

India set to become global AI hub through tech-based skilling: PM Modi

E-courses will be developed in regional languages and dialects, NLP-based technology will be used to reskill youth

Mukesh Ambani pitches for new regulation to protect data, ensure privacy

Speaking at RAISE 2020 summit, Ambani said the time is ripe, and the tools ready to make India a world leader in AI and to make AI work for all Indians

Govt extends deadline for new emission norms for tractors to Oct 2021

These norms were to be applicable from October

Goyal meets top brass of coal, power sectors to consolidate rlys' coal biz

Coal accounts for almost 50 per cent of the freight of the railways

SC asks govt, RBI to put K V Kamath panel's debt recast report on record

Case hearing adjourned to Oct 13 by when Centre and RBI will submit additional affidavits to chalk out steps to bring shape to proposals made on waiver of interest on interest for small borrowers

GST council exempts satellite launches by Isro, Antrix from 18% GST

But it is not clear whether the relief will be extended to private launch companies

Tax super-rich to raise resources to fight Covid-19: Joseph Stiglitz

He also said the Indian government should not shy away from spending to control the pandemic and help the vulnerable sections

No breakthrough in GST compensation deadlock; next Council meet on Oct 12

About two thirds of states opt for RBI-window of Rs 1.10 trillion, rest still want the Centre to borrow instead

Ravi Shankar Prasad says AI has massive potential to generate development

Prasad further said AI would become "meaningful" only when it brings in a "palpable improvement" in the quality of life of ordinary Indians

Govt procures over 800k tonnes paddy at MSP in last 9 days, pays Rs 1511 cr

Pulses and cotton are also being procured at MSP as per the existing schemes

Govt scraps need of min 7-year constant service for enhanced family pension

An EOFP is 50 per cent of personnel's last emoluments and is payable for 10 years from the date of the death of the personnel in service

Tamil Nadu may go with Option-1 for GST compensation, but seeks tweaks

State reiterates that Centre is bound to compensate the shortfall in GST collections and should find necessary funds for the purpose if there was a shortfall in cess collections

GST deadlock remains, compensation for tax collected to be released tonight

GST Council meeting, conducted via videoconference, was held to consider the two borrowing options offered to states in August to meet their shortfall in GST collections

UP plans vertical factory complexes to meet land crunch, promote start-ups

Initially, such complexes, which will be apartment like structures consisting of several storeys, will come up in Gorakhpur, Ghaziabad, Agra, Lucknow

Suresh Prabhu launches India Bamboo Forum to promote sector's growth

Suresh Prabhu has launched an independent forum with an aim to boost the bamboo sector by promoting entrepreneurship, research, and trade of high quality bamboo products in a sustainable manner