Page 1744 - Economy & Policy News

Low-value focus a loose fit for India's textiles and clothing sector

The fourth in a five-part series analyses factors derailing the country's apparel industry

Delhi Cabinet decides to reduce VAT on diesel to 16.75% to 'propel economy'

Chief Minister Arvind Kejriwal Thursday announced a reduction in VAT on diesel, saying the move will help propel Delhi's economy

Youngsters in India shunning higher education, new govt survey suggests

Dropout rates at diploma and graduation levels are on the rise, one in five students still drop out from school, but attendance of existing students has improved, a new govt survey on education shows

Govt working on production-linked incentives for 12 major sectors

Plan is to expand the horizon to as many as 20 sectors, Piyush Goyal said

Govt favours diverting MEIS funds to PLI schemes in select sectors

The revenue department argued against continuing the MEIS, calling it inefficient and wasteful

Centre not obliged to pay for shortfall in GST compensation fund, says A-G

Says Centre not obliged to pay GST compensation shortfall; experts dislike idea of burdening states with additional debt

PM Modi meets financial regulators, discusses steps to revive economy

According to sources, the meeting discussed various steps that regulators, especially the Reserve Bank of India, can take to push economic growth staring at the risk of contraction

Govt considers amnesty scheme for citizens hoarding gold illegally

The government plans to ask people with unaccounted holdings of the metal to declare it to tax authorities and pay levies, and penalty

Rating models for MSMEs need to be revisited amid Covid-19 crisis: Experts

The credit rating models for micro, small and medium enterprises should be revisited in the wake of the coronavirus crisis, financial experts said on Thursday.

Puducherry CM says Centre silent on requests for funds to fight Covid

Puducherry Chief Minister V Narayanasamy said the situation was being managed by using its own funds.

Kejriwal urges industry representatives to help revive Delhi's economy

Delhi Chief Minister Arvind Kejriwal on Thursday held a meeting with 28 industry associations and urged them to join hands in reviving the national capital's economy

Govt establishes authority to protect and enforce consumer rights

The additional secretary in the Department of Consumer Affairs, Nidihi Khare, has been given the charge of chief commissioner

To promote local production, govt announces curbs on import of colour TVs

Putting an item under a restricted category of imports means the importer of that commodity will have to seek licence from the commerce ministry's DGFT for imports

States can borrow to fund GST compensation, Centre not obliged to pay: AG

K K Venugopal does not recommend borrowings by GST council; experts dislike the idea of burdening states with more debt

CBDT provides relief to senior citizens on self-assessment tax

They can pay a part of their taxes by July 31 so that their remaining tax liability is no more than Rs one lakh. No interest will be charged if they pay the remainder by November 30

NEP spurs new opportunities for edtech startups; consolidation on cards

Experts say a significant push towards digital would invariably lead to mushrooming of more edtech players in the already crowded-sector, fueling a price war between the players

Economy on recovery path, piggy-riding rural rebound: Deepak Parekh

Advising people not to get too perturbed with the forecasts of negative growth, he said the economy will recover for sure assuming that there are no further lengthy and complete lockdowns in future

Special force for security of industrial and financial units in UP

Since no financial allocation was made for the force in the 2020-21 annual budget, state govt will make provision for it in supplementary budget, which will be tabled in monsoon session of UP assembly

Counterfeiting up 24% in 2019, burnt a Rs 1-trn hole in economy: Report

The report also said counterfeiters are having a free-run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand

RBI is ahead of the curve; govt and bureaucracy behind: Viral Acharya

In an interview with Tamal Bandyopadhyay, Acharya says why some weak public sector banks should be "re-privatised" and foreign banks should be allowed a larger play