Page 1673 - Economy & Policy News
Centre mulls closure of PSUs up for sale on a case-to-case basis
The Union government may consider the closure of central public sector units (PSUs) even if they have been approved for strategic disinvestment on a case-to-case basis.
 "Centre mulls closure of PSUs up for sale on a case-to-case basis")
Net direct tax collections decline 31% in April-August FY21
The net direct tax collection in April-Augustwas 31.1 per cent lower on year-on-yearbasis at over Rs 1.92 trill, according to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha
 "Net direct tax collections decline 31% in April-August FY21")
Agri-related Bills give farmers freedom to fetch better prices: Nadda
BJP national president J P Nadda hit out at the pposition for calling the three agriculture-related Bills passed by Parliament anti-farmer
 "Agri-related Bills give farmers freedom to fetch better prices: Nadda")
Southern Railway's Chennai Division boost freight biz with new units, app
'Freight Seva' is a one-stop destination for information needs, such as incentive schemes of Indian Railways, types of wagons and commodities that can be transported, freight and parcel rates, etc
 "Southern Railway's Chennai Division boost freight biz with new units, app")
New laws have beneficial provisions, will not hurt Tamil Nadu farmers: CM
Says the laws will iron out issues relating to contract farming and have provisions to fetch a better price for the cultivator
 "New laws have beneficial provisions, will not hurt Tamil Nadu farmers: CM")
MSME units from Maharashtra availed maximum loans under ECLGS: Minister
The government on Saturday said MSME units from Maharashtra availed maximum loans under the Emergency Credit Line Guarantee Scheme (ECLGS) as on September 16
 "MSME units from Maharashtra availed maximum loans under ECLGS: Minister")
Entries invited for contest on showcasing GST reforms on video, graphics
Top prize of Rs 1 lakh, four runners-up to get Rs 50,000 each; GSTN releases a series of themes on which the entries could be based
 "Entries invited for contest on showcasing GST reforms on video, graphics")
Govt proposes wider coverage for migrant workers under labour laws
Migrant workers travelling on their own for work will also be included; till now, only those hired through contractors were covered
 "Govt proposes wider coverage for migrant workers under labour laws")
Garib Kalyan Rojgar not implemented in WB as it did not provide info: FM
FM Sitharaman said the Garib Kalyan Rojgar Abhiyaan was not implemented in West Bengal as the state did not provide any data regarding migrant workers who returned to their native places amid Covid-19
 "Garib Kalyan Rojgar not implemented in WB as it did not provide info: FM")
No decision to discontinue printing of Rs 2,000 currency note: FinMin in LS
The Finance Ministry on Saturday informed the Lok Sabha that no decision has been taken to discontinue the printing of Rs 2,000 denomination currency notes
 "No decision to discontinue printing of Rs 2,000 currency note: FinMin in LS")
Tamil Nadu becomes first state with AI, blockchain, cybersecurity policies
In order to promote IT/ITeS and attract more investments, eight SEZs were established in Chennai and tier-II cities
 "Tamil Nadu becomes first state with AI, blockchain, cybersecurity policies")
Insolvency against corp debtors, personal guarantors can go together: FM
Finance Minister Nirmala Sitharaman on Saturday said law provides for carrying out insolvency and bankruptcy proceedings against corporate debtors as well personal guarantors together
Gig firms to contribute 1-2% of turnover for social security of workers
Workers will be entitled to life and disability cover, accident insurance, health and maternity according to proposal to be introduced in Lok Sabha today.
 "Gig firms to contribute 1-2% of turnover for social security of workers")
FM Sitharaman moves bill in RS to amend Insolvency and Bankruptcy Code
Nirmala Sitharaman moved the bill for the amendment of the Insolvency and Bankruptcy Code, 2016 in the Rajya Sabha
Most of additional budget spending for people-centric schemes: Sitharaman
Nirmala Sitharman said that the majority of the additional resources in the first batch of the Supplementary Demands for Grants would be spent on people-centric schemes amid the coronavirus pandemic
 "Most of additional budget spending for people-centric schemes: Sitharaman")
GST Council to take call on funding compensation shortfall: FM Sitharaman
Nirmala Sitharaman said GST Council will arrive at a common ground on ways to compensate states for loss of revenue
 "GST Council to take call on funding compensation shortfall: FM Sitharaman")
New rule for importers to get FTA concessions; industry raises concern
Proof of 35% value addition in goods from country of origin must from Monday
 "New rule for importers to get FTA concessions; industry raises concern")
Covid-19 pandemic pushes Union govt's debt past Rs 100-trillion mark
Sudden jump of Rs 7 trillion in Q1 pushed debt to record; enhanced borrowing this year will add to the debt stock by FY21-end, weakening its sustainability
 "Covid-19 pandemic pushes Union govt's debt past Rs 100-trillion mark")
Royalties paid by Indian firms in line with emerging markets, shows data
Figures are based on percentage of a country's GDP
 "Royalties paid by Indian firms in line with emerging markets, shows data")
FM Sitharaman asks Asian Development Bank to step up lending to India
Sitharaman said India has the absorptive capacity to receive about $4 billion a year from sovereign operations, and about $1.5 billion annually from the private sector financing window