Page 1731 - Economy & Policy News

Railways changes freight policy, announces incentives to boost economy

With an aim to boost economic activities in the country during unlock 3.0, the Indian Railways is offering a slew of incentives, including 50% concession in terminal access charges for covered wagons

Blocking of online system for tax incentives to hit aluminium exports: AAI

Blocking of the online system for exporters to apply for tax incentives under the export incentive scheme MEIS has created an "extremely precarious situation" for aluminium exports

Medical device industry suffers up to 85% drop in revenues during Apr-June

Medical technology industry has suffered around 50-85 per cent drop in revenue during April-June with a decline in surgical procedures at hospitals due to Covid-19 situation, industry body MTaI said

Income tax scrutiny down in AY18; Delhi faced the highest, Bihar the least

Gujarat the most tax-compliant state in terms of proportion of return filers to PAN holders

PLI scheme to be expanded to furniture, leather sectors as MEIS wounds up

The new scheme would replace the existing Merchandise Exports India Scheme (MEIS), introduced in April 2015

Appointing agency to check govt tenders for procurement compliance: DPIIT

DPIIT will rope in a consulting agency to scrutinise tenders of government procuring entities for compliance with public procurement regulations that aim at promoting 'Made in India' products.

ITR scrutiny fell to 0.25% in AY 2018-19 to enable better services: FinMin

State-wise data also the number of returns filed during AY 2018-19 has gone up compared to AY 2017-18.

India's services activity contracts for fifth straight month in July: PMI

July was the fifth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014.

Chhattisgarh CM to transfer payment to beneficiaries of Godhan Nyay Yojana

Bhupesh Baghel will inaugurate the process of payment against cow dung procurement to the bank accounts of beneficiaries under the state government's Godhan Nyay Yojana

India has worst disconnect between stock rally, gloomy economy

Mismatch doesn't bode well for economy that's set for its first contraction in more than four decades, say analysts.

Lack of uniformity in clearance of proposals hurting shale explorers

Investment of over $2 bn by Great Eastern rejected, despite Cabinet giving nod to uniform licensing

Regulators on guard to stave off a potential sovereign rating downgrade

Trimming of India's sovereign ratings to the lowest investment grade by Moody's Investors Service has triggered the move

Race for WTO chief heats up: India spells out terms for its support

The country will back candidates in favour of having a global trade facilitation pact for services, ensuring food security in poorer nations, and committing to talks on developmental issues

Tweak FCI's procurement strategies to boost rice exports: Expert panel

Rice is among the biggest agriculture exports from India along with buffalo meat and cotton

India blocks firms from China, other neighbours in commercial coal auction

Coal ministry issues press note citing an amendment made to the FDI Policy in April.

Delhi govt warns strict action against companies defaulting on tax payments

Cracking the whip on tax defaulters, the Delhi government Tuesday warned them of stringent action as it found that 10,800 companies did not pass on the full amount they collected from people as taxes

Tomar launches NCDC's YouTube channel to amplify benefit of cooperatives

Agriculture Minister Narendra Singh Tomar on Tuesday launched the National Cooperative Development Corporation's YouTube channel, 'Sahakar Cooptube NCDC India'

Economic recovery fragile due to Covid-19, states' lockdowns: FinMin

India is well on the path to a recovery from a trough in April, says Ministry report

Banks sanction Rs 1.38 trn loans to MSMEs under credit guarantee scheme

The scheme is the biggest fiscal component of the Rs 20-trillion Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman in May

India needs to rethink economy in post-Covid world: N Chandrasekaran

Listing out the challenges, he said infrastructure, regulation, bureaucratic overload of the private sector and investments are key areas