Page 1712 - Economy & Policy News

CRISIL DRIP: Normal rainfall continues, barring in 3 states and for 3 crops

Rajasthan, MP and Odisha in the stress zone

Single-agenda GST Council meeting on Aug 27 to discuss compensation

Likely to be a stormy affair with divergent views on market borrowing; Next meeting on September 19

Economists agree on massive GDP contraction, differ widely on the extent

At the lower end of the estimate band is India Ratings' 13.6% and at the upper, Pronab Sen predicts a maximum shrink of 35%

World Bank sees higher GDP fall in India than 3.2% it projected for FY21

Cautions against using tariff policy to attract firms from China; says there is credit risk as economy slows and half India's population may fall back into poverty

Anonymous, at a distance: How faceless assessment will help taxpayers

Taxpayers will be selected for assessment and other procedures through a system that uses data analytics, artificial intelligence and machine learning.

Courts may block MP govt plan to reserve govt jobs for locals: Experts

While courts have generally upheld domicile-based reservation in education, none has upheld reservation of public or private jobs based on domicile

Will be interesting to see how govt completes airport leasing: Law firm

What is to be seen is how effectively and efficiently would it be able to complete the process especially during the coronavirus pandemic, a Delhi-based law firm has said

Faceless assessment: CBDT chief meets I-T officers to dispel concerns

CBDT Chairman Mody explained the faceless assessment and taxpayers' charter and detailed the reallocation and reorganisation aspects of the department's manpower

DGGI unearths pan-India invoice racket involving transactions of Rs 434 cr

Probe revealed that 23 firms across India, from Tamil Nadu to New Delhi, were involved in issuance of fake invoices to get fraudulent 'Input Tax Credit' without supply of any goods

West Bengal govt may reduce 30 % tax on liquor amid declining sales

The West Bengal has levied 30 per cent tax on liquor when wine shops reopened after the nationwide lockdown due to the Covid-19 pandemic

Commerce Min reviews extension of anti-dumping duty on Chinese products

Bharat Forge Ltd lodged a complaint with ministry's investigation arm Directorate General of Trade Remedies for review of the duties on imports of front axle beam and steering knuckles from China

Unlock BFSI 2.0: Economy reviving, no need to extend moratorium, say SFBs

Heads of top small finance banks stress on the need to be more flexible in the current scenario and back 'emotional banking'

Fixed broadband, digital investments must for sustained growth: Trai chief

Calling for modification of building bylaws to accomodate telecom infrastructure, the Trai chief said telecom must become as essential as electricity and water pipes.

Indians not just risk averse, stressed for income too, shows data

While equity MFs show decline in flows, growth in life and health insurance premiums is robust. Gold is attractive yet expensive and small savings and bank deposits are growing stronger as ever

Covid-19 and the 'techtonic' shift in India Inc's journey towards digital

The pandemic has changed the way businesses across the spectrum look at technology adoption--it no longer fascinates simply because it has become a necessity

Centre raises sugarcane FRP by Rs 10 a quintal for 2020-21 season

Govt estimates over Rs 93,000 crore may flow into hands of sugarcane farmers in 2020-21 based on estimated output

Asia to import record LPG in 2020 amid uptick demand for protective gear

Strong Asian demand could weigh on supplies in coming months just as Europe is likely to step up purchases of the fuel for heating in winter, an industry source in Singapore said

In pics: Drone or 'ninja' UAVs for surveillance at railways premises

Indian Railways introduces drone-based surveillance system for rail security

18.9 mn salaried people lost jobs since April, 5 mn in July, says CMIE

The loss of around 5 million jobs in July comes after around 3.9 million jobs were gained in June, as per the data

Help govt in providing low-cost homes for migrants: Pradhan to steel firms

Pradhan said the government has set a target of providing 100,000 such houses, but the industry should build many more steel-intensive, low-cost houses, which will be a model for others to emulate