Page 1679 - Economy & Policy News

Credit outlook negative for gold jewellery retailers in FY21: Crisil

The number of new store additions is expected to reduce to almost a third of the average between fiscals 2017 and 2020, it said

Win-win situation for Railways, investors: NITI Aayog CEO on private trains

In a first, private entities will source and operate modern technology trains for undertaking passenger business using Indian Railways' infrastructure, Amitabh Kant, NITI Aayog CEO said

Advance tax mop-up dips 25.5% in Q2, led by plunge in corporate tax: Report

Advance tax collections fell 25.5 per cent to Rs 1,59,057 crore in the second quarter of the fiscal, an income tax official said on Thursday

IIT Kanpur to support Covid-hit small and medium businesses, start-ups

Technopark@iitk is keen to scale up the model to reach out to more MSMEs and start-ups

Himachal Pradesh's GST share of Rs 1,628 cr for Apr-Jul pending with Centre

Himachal Pradesh's Goods and Services Tax (GST) share of Rs 1,628 crore is pending with the central government, Chief Minister Jai Ram Thakur said on Thursday

This CEO may have found a solution to retailers' last mile dilemma

Online shopping is "here to stay" and "there's a real opportunity for us to parlay this and become the last-mile delivery answer," Ball said in an interview in Stockholm

Economic contraction easing? Direct tax mop-up down, but not like earlier

At 23 per cent, decline in collection was slightly better than 30 per cent seen a fortnight ago, provisional data show

OECD raises prospects for global economy, scales them down for India

Finds scope of further monetary and fiscal stimulus limited in the country

India will work with G-20 nations to make world a better place: Javadekar

India is committed to working with the G-20 nations for making the world a better place and applauds the launch of the Global Initiative to reduce land degradation and coral reef programme

Net carbon zero economy possible by 2050 at low cost, says ETC report

The report said the impact of achieving a zero-carbon-emission economy on human welfare in 2050 will be hugely positive

RBI battle-ready to meet economy's needs: Governor Shaktikanta Das

Says protecting depositors' money, ensuring financial stability key concern

Garment exports begin to see revival, September fall lowest in 5 months

Garment exporters have started seeing the revival of demand, which in turn has increased capacity utilisation to around 60-80 per cent

India-China trade deficit fell to $5.5 billion in Q1: Govt to Parliament

In a written reply, Commerce and Industry Minister Piyush Goyal said the trade between the countries, too, dipped to $16.55 billion in Q1, against $21.42 billion in the same period last year

Govt to bring out strategy paper on boosting industrial growth: Goyal

The government is in the process of bringing out a strategy paper on boosting industrial growth which will be a road map for all businesses in the country, Parliament was informed on Wednesday

LS passes Banking Regulation (Amendment) Bill, more powers to RBI over UCBs

The Bill intends to empower co-operative banks to raise equity or unsecured debt capital from the public subject to prior RBI approval

Manufacturing share in India's GVA down to 15.1% in FY20: Exim Bank study

Recent performance of the sector points to underlying inertia, which has translated into greater dependence on imports to meet growing domestic demand

67% of foreign deals in August were asset sales, shows analysis

Large flows pose a challenge to managing rupee appreciation

Ministry move on OTT communication players likely to hit Trai wall

The guidelines seek obligations for intermediaries (OTT communication players) to enable traceability to determine the originator of information for assistance to law enforcement agencies

Mobile firms stare at gloomy festive season amid Covid-led disruption

The current quarter (July-September) is traditionally the largest in terms of volume shipment as all leading players fill up their inventory in anticipation of bumper sales in festive weeks

Move to scrap LTCG may unlock domestic funds, stem start-up exodus: experts

The proposal will also encourage domestic financial institutions to see start-ups as an alternative asset class that has been heavily dependent on foreign capital still now