Page 1666 - Economy & Policy News
S&P affirms India's 'BBB-' rating; says space for fiscal stimulus limited
S&P affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest investment-grade level and retained its stable outlook on the economy
 "S&P affirms India's 'BBB-' rating; says space for fiscal stimulus limited")
Forex reserves up by $3.378 bn to lifetime high of $545.038 bn: RBI
Gold reserves were down by $580 million in the reporting week to $37.440 billion
 "Forex reserves up by $3.378 bn to lifetime high of $545.038 bn: RBI")
S&P affirms India's 'BBB-' rating, projects 10% GDP growth in FY22
"The stable outlook reflects our view that India's contraction in fiscal 2021 will be followed by a significant recovery, which will stabilise the country's broader credit profile," said S & P
 "S&P affirms India's 'BBB-' rating, projects 10% GDP growth in FY22")
In pics: All about faceless income tax assessment starting from today
While Faceless Assessment and Taxpayers Charter came in force from August 13, income-tax appeals are all set to go faceless from today, September 25
 "In pics: All about faceless income tax assessment starting from today")
Ind-Ra maintains negative outlook on transport, energy infra for H2 of FY21
It said toll collections rebound was strong at around 90 per cent of pre-Covid-19 levels in the first 15 days of September 2020, exceeding Ind-Ra's April 2020 expectations
 "Ind-Ra maintains negative outlook on transport, energy infra for H2 of FY21")
ESIC-run social security scheme adds 741,000 new members in July
The NSO report showed gross enrolments of new subscribers with the ESIC were 15.1 mn in 2019-20, against 14.9 mn in the previous fiscal
 "ESIC-run social security scheme adds 741,000 new members in July")
Will incomes improve? Agri Bills see mixed response from farmers
Thousands of farmers protest against the Bills in Punjab and Haryana
 "Will incomes improve? Agri Bills see mixed response from farmers")
Global GDP shrinks 7.2% in April-June 2020 due to Covid-19: Motilal Oswal
It said that the real GDP in advanced economies (AEs) contracted 11 per cent, while it shrank 14 per cent in emerging and developing economies (E&DEs), excluding China
 "Global GDP shrinks 7.2% in April-June 2020 due to Covid-19: Motilal Oswal")
Punjab follows in Rajasthan's footsteps to blunt Centre's mandi Bills
While the move might lead to further confrontation, experts say states are well within their rights in notifying mandis
 "Punjab follows in Rajasthan's footsteps to blunt Centre's mandi Bills")
CAG findings on IGST sharing may strain Centre-state relations further
As per rules, IGST must be shared equally between Centre and states and union govt is bound to part with another 42% of its share as per 15th Finance Commission recommendations
 "CAG findings on IGST sharing may strain Centre-state relations further")
Decoded: Why farmers are up in arms against Modi govt's farm Bills
Why did the govt push these Ordinances and why is it facing opposition to them, both from within the government and outside it
 "Decoded: Why farmers are up in arms against Modi govt's farm Bills")
670 electric buses, 241 charging stations sanctioned under FAME scheme
Government has sanctioned 670 electric buses for Maharashtra, Goa, Gujarat and Chandigarh, and 241 charging stations in Madhya Pradesh, Tamil Nadu, Kerala, Gujarat and Port Blair
 "670 electric buses, 241 charging stations sanctioned under FAME scheme")
Even as Covid-19 rages, Indian economy's animal spirits are stabilising
Five of the eight high-frequency indicators compiled by Bloomberg News gained last month, while two were unchanged and one deteriorated
 "Even as Covid-19 rages, Indian economy's animal spirits are stabilising")
Faceless income tax assessment starts today: Here is all you need to know
Faceless assessment enables an assessing officer, who is physically located in a particular jurisdiction, to assess a Bill of Entry pertaining to imports made at a different Customs station
 "Faceless income tax assessment starts today: Here is all you need to know")
Covid vaccine by year-end will be fastest pace for pathogen in history: WH
A vaccine for COVID-19 by the end of the year will be the fastest pace for a novel pathogen in history, the White House said
 "Covid vaccine by year-end will be fastest pace for pathogen in history: WH")
AYUSH Ministry inks MoU with herbal industry bodies for plants cultivation
National Medicinal Plants Board (NMPB), Ministry of AYUSH signed MoU with the major AYUSH and herbal industry bodies covering a set of measures to promote medicinal plant cultivation
 "AYUSH Ministry inks MoU with herbal industry bodies for plants cultivation")
Opposition BJP, Cong in Odisha demand rollback of power tariff hike
A day after the state power sector regulator approved tariff hike from October 1, the opposition BJP and the Congress in Odisha demanded rollback of the move
 "Opposition BJP, Cong in Odisha demand rollback of power tariff hike")
National Medical Commission to come into force; BoG, MCI to be dissolved
NMC, in place of MCI, for development and regulation of all aspects of medical education and profession, has been constituted and will come into existence from Friday
 "National Medical Commission to come into force; BoG, MCI to be dissolved")
Pradhan invites US cos to engage in developing gas infrastructure in India
Dharmendra Pradhan discussed 'Strategic Energy Partnership' during video conferencing with Kenneth Juster, and invited the US companies to engage more intensely in developing the gas infrastructure
 "Pradhan invites US cos to engage in developing gas infrastructure in India")
Credit for reform: Centre allows 5 states to borrow Rs 9,913 cr extra
Permission granted on meeting of one-nation-one-ration card reform
 "Credit for reform: Centre allows 5 states to borrow Rs 9,913 cr extra")