Page 1735 - Economy & Policy News

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

AIIB in talks with India for financing of $8-billion health infra scheme

The Beijing-based multilateral funding agency had earlier approved a financial assistance of $1.2 billion for India to fight the Covid-19 pandemic

Review of India-ASEAN Goods Agreement to help realise trade potential: Puri

The ASEAN-India Trade in Goods Agreement was signed on August 13, 2009, and came into force on January 1, 2010

India's fuel demand may take 6 to 9 months to reach normal levels: IOC

Speaking at an investor call on first-quarter earnings, Gupta said it was difficult to predict the demand recovery rate given the rising infections in India and around the world

RBI's MPC begins deliberations on monetary policy, decisions on Aug 6

The central bank has been taking steps proactively to limit the damage to the economy caused by the pandemic and lockdown

July exports at nearly last year's level; economy on path to revival: Goyal

Goyal said several indicators are reflecting that the economic activities are reviving in the country

Gradual pick-up in export consignments prompts ports to push volumes

JNPT back to handling 12,000 containers per day; Essar Ports performing at pre-Covid levels; Adani Ports Q1FY21 throughput 27% down YoY