Page 1725 - Economy & Policy News
Deals go missing at electronics hubs as import curbs hit business
Visits to Delhi's Chandni Chowk and Nehru Place electronics hubs as well as Mumbai's Lamington Road show that consumers are looking for gadgets and gizmos they want at the best price
 "Deals go missing at electronics hubs as import curbs hit business")
Coming soon: GST technological overhaul to ease compliance, plug leaks
Instead of completely changing the return forms, the effort is now to introduce, within the existing framework, changes in a staggered manner
 "Coming soon: GST technological overhaul to ease compliance, plug leaks")
India a good option for UK businesses exploring alternative to China: UKIBC
The bilateral trade between the two countries stood at $15.5 billion in 2019-20 as against $16.87 billion in the previous fiscal.
 "India a good option for UK businesses exploring alternative to China: UKIBC")
81% SMEs confident of recovery post Covid, 57% have no cash reserve: Survey
Madan Padaki, co-founder of GAME, said Covid-19 has left a devastating impact on the Indian economy, especially micro-enterprises that comprise around 99 per cent of all firms in India
 "81% SMEs confident of recovery post Covid, 57% have no cash reserve: Survey")
Agri infrastructure fund to create jobs, develop rural economy: Amit Shah
Shah said many unprecedented steps have been taken to double the income of farmers and for the development of the agriculture sector
 "Agri infrastructure fund to create jobs, develop rural economy: Amit Shah")
DGTR recommends CVD on certain steel product imports from Indonesia
The Commerce Ministry has recommended imposition of provisional countervailing duty (CVD) on certain steel products from Indonesia to guard domestic manufacturers from subsidised imports.
 "DGTR recommends CVD on certain steel product imports from Indonesia")
Loans worths Rs 68,000 cr released under discoms liquidity package
The loans under the package will be co-funded by PFC and REC in equal proportion and will be sanctioned in two tranches
 "Loans worths Rs 68,000 cr released under discoms liquidity package")
Indian Railways committed to integrate with GeM portal: Piyush Goyal
Indian Railways is committed to integrate with the government e-marketplace (GeM) portal to move all its procurement to the platform,Union Minister Piyush Goyal said on Sunday.
 "Indian Railways committed to integrate with GeM portal: Piyush Goyal")
TN on investors' radar with 41 MoUs worth Rs 30,664 cr since Covid outbreak
The state cornered around 18.63% of fresh investments in the June quarter
 "TN on investors' radar with 41 MoUs worth Rs 30,664 cr since Covid outbreak")
Cabinet may take up proposal for Credit Guarantee Enhancement Corp soon
The Union Cabinet is expected to take up soon a proposal for setting up Credit Guarantee Enhancement Corporation to widen sources of capital for infrastructure financing, sources said.
 "Cabinet may take up proposal for Credit Guarantee Enhancement Corp soon")
Separate emission norms for agri machinery, construction equipment: Govt
The government on Sunday said it has issued draft notification for separate emission norms for agriculture machinery and construction equipment vehicles.
 "Separate emission norms for agri machinery, construction equipment: Govt")
PM releases Rs 17,000 cr for 85 mn farmers under PM-KISAN scheme
The Centre provides Rs 6,000 per year in three equal instalments under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme
 "PM releases Rs 17,000 cr for 85 mn farmers under PM-KISAN scheme")
July coal import dips 43% to 11.13 MT on high stockpile at pitheads, plants
During April-July 2020, total coal imports were recorded at 57.27 MT, which is 35.76 per cent lower than 89.15 MT imported during April-July 2019
 "July coal import dips 43% to 11.13 MT on high stockpile at pitheads, plants")
Cargo handling at major ports dips 18% to 193 MT in April-July due to Covid
Cargo volumes at these 12 major ports under the control of the Centre declined for the fourth straight month in July 2020 and all ports barring Mormugao saw a negative growth
 "Cargo handling at major ports dips 18% to 193 MT in April-July due to Covid")
PM launches Rs 1 trn Agri-Infra Fund, sends Rs 17,100 cr to 85 mn farmers
Modi releases the sixth installment of Rs 17,100 crore to more than 85.5 million farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme
 "PM launches Rs 1 trn Agri-Infra Fund, sends Rs 17,100 cr to 85 mn farmers")
Cross-border tax disputes: ITAT orders to overrule MAP outcomes, says CBDT
Direct tax board issues detailed guidance on mutual agreement procedure, or MAP
 "Cross-border tax disputes: ITAT orders to overrule MAP outcomes, says CBDT")
MSMEs, industries must be made import-substitute for self-reliance: Gadkari
Says private sector should think more about tribals, villagers, farmers and other marginalised sections while talking about growth
 "MSMEs, industries must be made import-substitute for self-reliance: Gadkari")
E-auction for commercial coal mines likely in October, results in November
The due date for submitting a technical bid is September 29 and e-auction would be conducted during October-November
 "E-auction for commercial coal mines likely in October, results in November")
India's FDI regime most liberal, attracted $22 bn amid Covid: Amitabh Kant
Kant further said that almost 90% plus of the $22 billion foreign direct investment in India during the pandemic came through the automatic route
 "India's FDI regime most liberal, attracted $22 bn amid Covid: Amitabh Kant")
Smriti Irani asks big commercial brands to source directly from weavers
Irani has called upon big commercial brands like BIBA and Arvind Mills to source cloth directly from the weavers
 "Smriti Irani asks big commercial brands to source directly from weavers")