Page 1714 - Economy & Policy News

Govt extends anti-dumping duty on caustic soda from China, Korea for 3 mths

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market

CEOs not to be issued summons at first instance for GST evasion: DGGI

The officers have been asked to ensure that a summon for personal appearance is issued only when specifically required. This would imply that the personal presence of an individual is minimised

Domestic coal demand may be subdued in Q2 on lower demand: Report

Demand for domestic coal is likely to be subdued in the second quarter of the current financial year, due to lower demand from end-user industries

Govt eases credit guarantee scheme norms for stressed NBFCs, HFCs liquidity

At the portfolio level, AA and AA- investment sub-portfolio under the Scheme should not exceed 50 per cent of the total portfolio of bonds/CPs

Hiring picks up 35% in June qtr from a low of -50% in April: LinkedIn

Top five in-demand jobs are software engineer, business development manager, sales manager, business analyst and content writer

Indian economy likely to contract by 16.5% in Q1FY21: SBI report

Based on the leading indicators YoY performance, we expect the gross value added (GVA) de-growth to be between -14.5 per cent and -16.5 per cent in Q1FY21, says Soumya Kanti Ghosh of SBI

Price appreciation of luxury property: Bengaluru ranked 26th in the world

Delhi is at 27th spot while Mumbai is at 32nd position, the consultant said in its 'Prime Global Cities Index Q2 2020' report

Why ban on India's $47-bn arms imports may not have the desired effect

The banned list is also vague on the position of joint-ventures between Indian and foreign manufacturers and license produced weapon systems

Taxpayers don't need to mention high-value transactions in ITR form: Report

Government is not considering any modification in the ITR form

Statsguru: Covid-19 pandemic forces states to expand their borrowing

Most large states, and 13 out of the 26 that have issued state development loans so far, have borrowed at least 50 per cent more than the previous year

FinMin defends proposal to bring some expenditures under I-T scanner

Sources say burden on reporting transactions will not fall on assessees

High inflation: RBI may escape govt's scrutiny for failing to meet target

Inflation breaches 6% for second straight quarter, set to cross limit for third quarter

Bond market expects massive OMO to help govt meet Rs 12 trn borrowing goal

So far this fiscal, RBI has bought about Rs 1.14 trn of bonds from the secondary market, most of them unannounced

Livelihood mission of 2014 has a few pointers for urban job scheme

Between 2014-15 and October 31, 2019, over 460,000 SHGs have been formed under the scheme; 461,994 beneficiaries have been assisted in setting up micro-enterprises for self-employment

Moratorium, economic downturn raising risks for asset-backed securities

In the case of auto ABS rated by Moody's, 70-100 per cent of the underlying loans (as percentage of the outstanding principal) are on moratorium

How long will it take for RBI's loan-recast plan to see the light of day?

It will take some effort to ensure that the RBI's one-time loan recast scheme works satisfactorily, reports Raghu Mohan

A bumpy road: Confusion clouds electric vehicles rollout sans batteries

Sohinder Gill, director general, Society of Manufacturers of Electric Vehicles, said delinking of batteries from EVs is a good idea, however, a lot needs to be done before it becomes implementable

Not taken into confidence for faceless assessment scheme: Tax officers

In a letter to the CBDT Chairman P C Mody, the association has highlighted the unease among 97 per cent of the I-T department workforce with respect to the implementation of the scheme

Captive power producers face Covid-19 brunt as prices turn unviable

Executives from Indian Energy Exchange pointed out in July that volumes from CPPs went down drastically post March, in tandem with traded prices

Steel demand to fall significantly in FY21 due to Covid-19: Chandrasekaran

A contraction in the global GDP is not at all a good sign for the global steel sector as steel demand is positively correlated with the economic growth.