Page 1716 - Economy & Policy News
Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept
She held a virtual meeting with secretaries of the ministries of shipping, road transport and highways, housing and urban affairs, defence and telecom, an official statement said
 "Sitharaman pushes large CPSEs to meet half of FY21 capex target by Sept")
Railways to run 162 special trains towards Konkan ahead of Ganesh festival
The Central Railway is all set to run 162 special trains towards Konkan region for Ganpati festival, the bookings for which will open from August 15
 "Railways to run 162 special trains towards Konkan ahead of Ganesh festival")
Unlock BFSI 2.0: Covid-19 a bigger boost for fintech than demonetisation
While top fintech experts agree that there are more opportunities than challenges for the sector, they underline the importance of digital literacy and customer awareness in rural India
 "Unlock BFSI 2.0: Covid-19 a bigger boost for fintech than demonetisation")
Next few months critical in bid to revive country's economy: Niti Aayog VC
He also noted that while early signs of economic recovery are encouraging, sustainability of this recovery will be key
 "Next few months critical in bid to revive country's economy: Niti Aayog VC")
Govt relaxes tariffs, port charges for vessels to boost cruise industry
The Ministry said in a statement that it has rationalised tariff rates for cruise vessels plying on the rivers and oceanic waters of India
 "Govt relaxes tariffs, port charges for vessels to boost cruise industry")
Exports fall 10.21% to $23.64 bn in July, trade deficit narrows to $4.83 bn
Oil imports declined by 31.97 per cent to $6.53 billion in the month under review. Gold imports grew by 4.17 per cent to $1.8 billion
 "Exports fall 10.21% to $23.64 bn in July, trade deficit narrows to $4.83 bn")
Gadkari to lay foundation stone for Rs 3,000 cr highway projs for Manipur
Union Minister Nitin Gadkari will lay the foundation stone of highway projects worth Rs 3,000 crore for Manipur on Monday through a virtual ceremony, the government said on Friday.
 "Gadkari to lay foundation stone for Rs 3,000 cr highway projs for Manipur")
India can be great place for a country wanting import alternative: Gadkari
The Minister said China's 70 per cent of exports pertained to ten sectors and asked industry players to research on various sectors
 "India can be great place for a country wanting import alternative: Gadkari")
Rise in fiscal deficit likely to impact construction sector this yr: Report
The agency had recently noted that the fiscal deficit of central and state governments will come at 12.1 per cent with the states contributing 4.5 per cent of it
 "Rise in fiscal deficit likely to impact construction sector this yr: Report")
WPI inflation falls 0.58% in July, food prices spike: Govt data
Inflation in food articles during July stood at 4.08 per cent, as against 2.04 per cent in June
 "WPI inflation falls 0.58% in July, food prices spike: Govt data")
Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens
In a list of proposed measures to widen the tax base, in a tweet, government said no taxpayer should be left behind in the drive to ensure better compliance and transparency
 "Rs 20,000 hotel bill, Rs 50,000 insurance premium may come under I-T lens")
RBI's payout unlikely to plug the huge govt revenue hole created by Covid
Last year the RBI's board approved a record payment of Rs 1.76 trillion ($23.5 billion) to the government, which included Rs 1.23 trillion as dividend and Rs 526.4 billion from its surplus capital
 "RBI's payout unlikely to plug the huge govt revenue hole created by Covid")
Govt modifies e-assessment scheme after PM unveils Taxpayers' Charter
The nomenclature of the scheme has now been changed to "Faceless Assessment Scheme" from the existing "E-assessment Scheme"
Delhi, Mumbai airports to partner firms for on-arrival Covid-19 testing
Also talking to airlines to see if test costs can be included in ticket price
 "Delhi, Mumbai airports to partner firms for on-arrival Covid-19 testing")
Andhra Pradesh govt to invest Rs 12K cr in first phase to build four ports
The proposed four non-major greenfield ports are Bhavanapadu Port in Srikakulam district, Kakinada SEZ Port in East Godavari, Machilipatnam Port in Krishna, and Ramayapatnam Port in Prakasham district
 "Andhra Pradesh govt to invest Rs 12K cr in first phase to build four ports")
CPI-based inflation above MPC comfort range for fourth straight month
Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June
Modi unveils Taxpayers' Charter: Faceless assessment and faceless appeals
While faceless assessment and Taxpayers' Charter came into effect from Thursday itself, the facility of faceless appeals will be rolled out from September 25
 "Modi unveils Taxpayers' Charter: Faceless assessment and faceless appeals")
Experts give taxpayers' charter a thumbs up, want govt to walk the talk
Say more needs to be done to develop trust between assessees and authorities
 "Experts give taxpayers' charter a thumbs up, want govt to walk the talk")
Piyush Goyal deliberates on ways to reduce imports in auto sector
Commerce and Industry Minister Piyush Goyal on Thursday held a meeting with various industry associations to discuss ways to reduce imports in the automobile industry
 "Piyush Goyal deliberates on ways to reduce imports in auto sector")
Travel ban, border closures directly affected trade in goods, services: WTO
It added that travel restrictions are likely to account for a substantial increase in trade costs for as long as they remain in place
 "Travel ban, border closures directly affected trade in goods, services: WTO")