Page 1658 - Economy & Policy News

Badly planned, poorly communicated: Agri, labour reforms were too rushed

Prime Minister Modi is unwisely ignoring the central difficulty of reform in India: While you can't wait for everyone to agree before you make changes, you can't impose them with zero agreement

57 mn e-way bills generated in Sep; signs of economic growth: Finance Secy

Finance Secretary said more than 57.4 million e-way bills have been generated in September and these are affirmative signs of economic growth

PM Modi to inaugurate global summit on artificial intelligence on Oct 5

Prime Minister Narendra Modi will inaugurate a global virtual summit on AI, RAISE 2020 - 'Responsible AI for Social Empowerment 2020' on October 5

From tax collection to car sales, India's economic recovery picks up pace

GST mop-up at 7-month high, manufacturing PMI at 8-year high, but new projects down 81% in Q2

As domestic iron ore price rises, steel industry demands ban on its export

The domestic secondary steel industry contributes nearly 55 per cent to the total production of the alloy in the country

GST mop-up rises 4% to Rs 95,480 cr in Sept as recovery picks up pace

The data comes in the backdrop of simmering tension between the Centre and states over the promised compensation and ahead of the Council meeting on Monday

Farmers block rail tracks, threaten to intensify stir as prices drop

Social media was agog with reports that a farmer in Maharashtra has complained of being fleeced by a trader to whom he sold cotton outside the mandi.

From road transport to health insurance, tax rules that changed from Oct 1

TCS at the rate of 5% imposed on money remitted outside India

Make officials well-versed in local languages, FM Sitharaman tells banks

The minister also suggested to the Indian Banks' Association to roll out a similar training exercise for their clerical staff.

India must stick to flexible inflation targeting, says Viral Acharya

Flexible inflation targeting policy has faced criticism recently on account of the high weighting given to food items in the inflation basket which have proven highly volatile

Bond dealers not sure of government's Rs 12-trillion borrowing plan

Most say there could be excess borrowing of at least Rs 1.5-2 trn in coming days

UPI hits Rs 3.3-trillion transactions in September, shows RBI data

The value of transactions reached Rs 3.3 trillion, from Rs 2.98 trillion a month ago

Decoded: What changes with the new medical education regulator in place

National Medical Commission (NMC) replaced the Medical Council of India (MCI) as the new regulator for medical education and medical professionals

Covid-19 impact: States likely to get IGST dues worth Rs 24,000 crore

The proposal will be presented to the GST Council for approval at the meeting on Monday, expected to be a stormy one over the issue of compensation

Even as economy reopens, new projects continue decline; down 82% YoY in Sep

Value of new projects in September lower than in June which saw the worst of lockdown

Hope for economy as PMI shows manufacturing activity in Sept at 8-year high

Upturn in total sales was supported by a renewed expansion in new export orders, says index

Govt hikes air navigation charges by 4%, airlines demand roll back

IATA has urged the civil aviation ministry to reverse the decision and work with the industry on a business recovery plan

After contracting for 6 months, exports up 5.27% in September: Goyal

He said this is an indicator of the "rapid recovery" of the Indian economy as it surpasses pre-COVID-19 levels across parameters

E-pharmacies urge govt to notify e-pharmacy rules vital to health Mission

Online pharmacies on Thursday said they have requested the government to notify the final e-pharmacy rules.

Record e-way bills generated in Sept, signal economic revival: Finance secy

Pandey said that almost 2.62 million e-way bills were generated on September 30, which was the highest ever count so far in a single day