Page 1762 - Economy & Policy News

India-US announce new research areas on transformational power generation

This emerged at a virtual ministerial meeting of the US-India Strategic Energy Partnership (SEP) on Friday to review progress, highlight major accomplishments, and prioritise new areas for cooperation

I-T dept spots taxpayers with high-value transactions in FY19 with no ITRs

The last date for filing as well as revising the Income Tax Return for Assessment Year 2019-20 (relevant to FY 2018-19) is July 31, 2020

FM emphasises on consensus-based solution for digital taxation at G-20 meet

The digital taxation assumed significance since the US launched an investigation against various countries including India for levying digital tax on its companies

Govt announces norms for contributions by individuals, institutions to NDRF

These contributions have been allowed as per Section 46(1)(b) of the Disaster Management Act, 2005

Tax dept to launch e-campaign on voluntary compliance from next week

The income-tax department will start an e-campaign from July 20 on voluntary compliance for the convenience of taxpayers

Despite slowdown due to Covid-19, India's food exports up 27% since March

The country recorded $0.79 billion trade surplus in June against $15.28 billion deficit during the same period of 2019

Govt sets up single-window clearance to expedite aviation sector proposals

The civil aviation ministry has set up a single-window clearance mechanism to expedite various investment proposals in the domestic aviation industry

Centre plans VGF support for solar manufacturing to cut China dependency

Silicon wafers and ingots are critical components that go into manufacturing solar cells and modules

Outlook for kharif season favourable as sowing is 44% more than 2019: ICRA

The monsoon rainfall recorded a timely onset and rains covered the entire country well ahead of the normal date

New Form 26AS is faceless hand-holding of taxpayers to e-file returns: CBDT

Taxpayers will see an improved Form 26AS carrying some additional details on taxpayers' financial transactions as specified in the statement of financial transactions (SFTs) in various categories

Growing confidence in Indian companies, US FDI crosses $40 bn: Report

Year to date investment from the US, including the recent ones, is over $40 billion

Not closing doors, India wants to be part of global supply chain: Goyal

He said that the bilateral trade between the two countries had crossed the $10 billion mark last year

Green Shoots: Power demand recovers, but commercial use still below par

The fourth of the five-part series looks at how demand is returning to near normal levels

Beauty segment led India's FMCG recovery in June to pre-Covid level

Trend comes as a surprise as consumers remain cautious of spending

India signs MoU to develop strategic petroleum reserve in America

The two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile

Fraudulent IGST claims worth Rs 1,875 crore by risky exporters identified

These people are untraceable and the list includes seven 'star' exporters, government sources said

Revamp of New Delhi, Mumbai stations on track, outlay pegged at Rs 6,600 cr

All these stations will have airport-like pre-determined user charges on passengers and visitors, as one of the main revenue streams for the concessionaire of the redeveloped stations

India, US employment surveys show Covid-19 can skew gender parity

McKinsey report puts women job losses twice as high as men

Banks sanction Rs 1.23 trn loans to MSMEs under credit guarantee scheme

This data is as of July 15. However, at Rs 68,000 crore, the disbursed amount is 23 per cent of the promised Rs 3 trillion.

Trade surplus could be more a reason for alarm than rejoicing: Economists

They say the underlying cause could be a huge drop in demand, which is not good for economic growth