Page 1740 - Economy & Policy News

Covid-19 impact: July GST collections down 14.6% YoY to Rs 87,422 cr

GST collections in July were 4 per cent lower than June 2020 as well

Govt allows export of indigenous ventilators as Covid fatality rate drops

As on July 31, only 0.22 per cent of the active cases were on ventilators across the country

July GST collection tumbles 14% to Rs 87,422 cr as Covid-19 hits economy

The July collections, which is 84 per cent of last year's numbers, is however, a recovery from the months of April and May

GST Council to discuss legal opinion of AG on compensation: Sitharaman

Tthe Attorney General has opined that there is no obligation on the central government to pay the GST compensation shortfall to the states

Govt to come out with list of strategic sectors soon: FM Sitharaman

She said there could be various models to achieve minimum four PSUs in case of those falling under the strategic sector

Samsung, Foxconn to take part in govt's PLI scheme for phone manufacturing

The scheme aims to make India a manufacturing and export hub for mobile phones

Committee on Public Undertakings to examine AAI, NBCC among others

11 issues have been chosen for Comprehensive Examination, eight for horizontal study and five subjects for audit based purposes

Time to make 2G telecom services part of history, says Mukesh Ambani

Reliance Jio shares platform with Bharti Airtel to ring in 25 years of mobile telephony

Two-pronged strategy: Mukesh Ambani is coming for India's phones & wallets

At this month's AGM, Ambani promised to induct 'global partners and investors' in retail over the next few quarters

June retail credit grows Rs 11,518 crore after shrinking for 2 months

Outstanding loans to SME remained flat at Rs 3.52 trillion in June, compared to May

Birla Tyres to RCom, low-denomination stocks hit top gear on Dalal Street

Dream run may come to a screeching halt anytime, warn analysts as fundamentals do not back them

Govt notifies e-invoicing for companies with Rs 500-crore turnover

The move comes as the government is looking at ways to plug evasion amid dismal GST collections with the pandemic driving economy towards recession

Dedicated Freight Corridor braves Covid, completes 17% planned expenditure

DFC employed over 22,000 people during lockdown. For 2020-21, total capex lined up for project is Rs 11,344 cr, up 13% from Rs 10,034 cr during 2019-20

Finance Commission group suggests to set up state-led plan for agri exports

The high-level group is of the view that India's agricultural export has the potential to grow from $40 billion to $70 billion in a few years

Fiscal deficit at 83.2% of budget estimates in Q1 on poor tax collection

Fiscal deficit during the corresponding period of last year was 61.4 per cent of the budget estimates

Covid-19: Govt unlikely to meet Rs 2.1 trillion divestment target for FY21

With ambitious FY21 target of Rs 2.1 trn unlikely to be met, govt to push through LIC IPO, privatisation of BPCL or Concor

Core sector output shrinks for fourth straight month in June, down 15%

Infra segment, refinery product impacted the most, even as contraction narrows in latest month

PM Modi asks telecom sector to focus on self-reliance and security

He also said digital connectivity is a resourceful ally in transforming people's lives

In talks with RBI to extend moratorium, restructure loans: FM Sitharaman

Says work on development institution on, will go for reciprocity in trading arrangements

Housing minister unveils digital platforms to market residential properties

Hardeep Singh Puri on Friday launched digital platforms of real estate bodies CREDAI and NAREDCO to market residential properties