Page 1661 - Economy & Policy News
Due date for 'filing belated, revised' ITRs for AY20 extended to Nov 30
The date is being extended for the 'genuine difficulties' taxpayers face in the Covid-19 pandemic.
 "Due date for 'filing belated, revised' ITRs for AY20 extended to Nov 30")
Retail inflation for industrial workers eases to 5.63% in August
Retail inflation for industrial workers eased to 5.63 per cent in August as compared to 6.31 per cent in the same month a year ago, mainly due to lower prices of certain food items
 "Retail inflation for industrial workers eases to 5.63% in August")
National Anti-Profiteering Authority and the company vs consumer tug-of-war
While businesses have issues with NAA's methodology of computing profiteering, consumers are defending their right to be charged fair prices and are supportive of the authority
 "National Anti-Profiteering Authority and the company vs consumer tug-of-war")
India's June quarter current account surplus rises to $19.8 billion: RBI
The country's current account surplus rose to $19.8 billion or 3.9 per cent of GDP in the June quarter as merchandise imports declined amid the Covid-19 pandemic
 "India's June quarter current account surplus rises to $19.8 billion: RBI")
UP govt to open ODOP stores at airports, railway stations and all cities
The outlets will sell products made by local artisans and entrepreneurs from various districts
 "UP govt to open ODOP stores at airports, railway stations and all cities")
The new farm bills and the widening of the rift between Centre and states
Ties between the Union and the states, which were already strained over GST compensation and proposed amendments to MMDRA, could become much worse with the advent of these farm bills
 "The new farm bills and the widening of the rift between Centre and states")
Covid-19: Housing sales fell 46% in July-Sep; 57% in Jan-Sep on low demand
During the January-September period this year sales have declined by 57 per cent to 87,460 units, from 2,02,200 units a year ago
 "Covid-19: Housing sales fell 46% in July-Sep; 57% in Jan-Sep on low demand")
India Inc frets over supply mismatches due to launch of e-invoicing in Oct
Says frequent changes in format prevent companies from preparing for it, fears drop in GST collections if made mandatory
 "India Inc frets over supply mismatches due to launch of e-invoicing in Oct")
India eyes services concessions, easier visa rules in UK trade pact
New Delhi wants proposed 'early harvest' trade pact to focus on at least 40-50 items
 "India eyes services concessions, easier visa rules in UK trade pact")
Planning to buy gold? Fall in price opens up window for investors
Experts recommend buying gold as the fundamentals supporting a gold rally have not changed.
 "Planning to buy gold? Fall in price opens up window for investors")
Rains keep onion prices up despite govt's ban on exports, shows data
From September 15 to 21, there was a nominal Rs 3 per kg increase in the wholesale prices in Delhi, while in Mumbai prices rose by Rs 2 per kg
 "Rains keep onion prices up despite govt's ban on exports, shows data")
RBI gives more time to avail additional market borrowing, OD facility
The Reserve Bank in April provided additional flexibility to states and Union Territories (UTs) to raise funds to deal with the Covid-19 crisis. The flexibility was available till September 30, 2020.
 "RBI gives more time to avail additional market borrowing, OD facility")
RBI move to keep yields low shakes bond mkt, leaves participants perplexed
Participants complain RBI hasn't done much to help alleviate stress in market
 "RBI move to keep yields low shakes bond mkt, leaves participants perplexed")
Ashok Soota debuts in Hurun India rich list with Happiest Minds bumper IPO
RIL chief Mukesh Ambani tops the list ninth year on the trot, his wealth surges 73% to Rs 6.58 trillion
 "Ashok Soota debuts in Hurun India rich list with Happiest Minds bumper IPO")
As Amnesty shuts office, anxiety and uncertainty cloud the NGO world
NGOs have expressed concerns over the provisions of the Foreign Contribution (Regulation) Amendment Bill 2020. These, they say, will further clip the wings of the beleaguered civil society
 "As Amnesty shuts office, anxiety and uncertainty cloud the NGO world")
Commercial coal auction: Adani, Hindalco, Essel Mining among bidders
Govt gets 82 bids in technical round for India's first such auction
 "Commercial coal auction: Adani, Hindalco, Essel Mining among bidders")
RBI defers CCB implementation by six months due to Covid-19 pandemic
The implementation of the regulations was to happen by September 30, and the same has been now deferred to April 1, 2021, the RBI said in a notification
 "RBI defers CCB implementation by six months due to Covid-19 pandemic")
38% engaged in employment, related activities in 2019: NSO time-use survey
The NSO, which is a wing of Ministry of Statistics and Programme Implementation, has conducted the first Time Use Survey (TUS) in India during January to December 2019
 "38% engaged in employment, related activities in 2019: NSO time-use survey")
Amendments to companies law receives President Ram Nath Kovind's assent
The corporate affairs ministry will now notify separately when various provisions would be coming into force, according to an official
 "Amendments to companies law receives President Ram Nath Kovind's assent")
IT Dept issues guidelines for applicability of TCS provision from Oct 1
The CBDT said the new introduced TCS provisions would not apply to transactions in securities and commodities which are traded through recognized stock exchanges
 "IT Dept issues guidelines for applicability of TCS provision from Oct 1")