Page 1765 - Economy & Policy News

I-T dept to crack the whip on tax evaders, resume probe in pending cases

The move will help the department shore up revenue, clear backlogs, and resume probe in pending matters.

India-Europe Summit: High level ministerial talks to push trade, investment

Strategic partnership with Europe adopted for cooperation over next 5 years

India urges WTO members to reconsider moratorium on duties on e-commerce

The e-commerce moratorium is nothing short of duty-free, quota-free' access to digital products of the digitally industrialized members by the rest of the membership, said India's WTO representative

Another lockdown will hit automakers hard, affect capex plans: CARE Ratings

Several state governments have been announcing lockdown again in select areas for different time periods to check the Covid-19 pandemic

Respite for pandemic-bruised automakers: Tractor, two-wheeler sales rebound

Pent-up demand, rural focus of these segments aid sales recovery

Case for UBI should be delinked from pandemic response: Somanathan

Rajan, meanwhile, said that the central and state governments will have to maintain increased spending, whatever the deficit figures may be

Health spend of some states as percentage of GSDP has fallen in past decade

As India is on the cusp of hitting a million confirmed Covid cases, the woeful state of India's public health infrastructure is being revealed every day

Govt should spend on profitable firms to boost economy: Raghuram Rajan

Speaking at NCAER's India Policy Forum 2020, Rajan said in the pandemic, unlike normal recession, there is enormous amount of destruction

India a small net exporter after 18 yrs even as merchandise shipments dip

Country may see current account surplus for the second quarter in a row in Q1 of FY21

India, EU adopt declaration on moving towards more circular economic model

The 27-nation EU is India's largest trading partner for goods with trade exceeding 100 billion dollars.

Demand will be key to strong recovery in the farm sector going forward

Unless demand picks up, it will be difficult to absorb all the surplus output, especially in crops that aren't procured by govt, are largely consumed in processed form, or are exported

Flour millers urge govt to cut in wheat sale price from FCI stocks

They say that it will bring down prices of atta and packaged food such as biscuits

Armed forces get special powers for individual procurement worth Rs 300 cr

The decision was taken at a meeting of the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh

Tea production may fall 13% this fiscal due to labour shortages: Report

The report also said that as tea is a fixed cost-intensive industry, a decline in the crop will substantially increase the cost of production for the NI bulk tea industry

India posts first trade surplus in 18 years as coronavirus hits imports

Merchandise imports contracted 47.59 per cent in June to $21.11 billion from a year ago, while exports fell 12.41 per cent to $21.91 billion

Sanitisers are disinfectants like soaps, dettol; attract 18% GST: FinMin

Reducing the GST rate on sanitisers and other similar items would lead to an inverted duty structure and put domestic manufacturers at a disadvantage vis-a-vis importers of hand sanitisers

Europe a natural partner, need action-oriented agenda for symbiosis: Modi

The first virtual summit between the two nations, the latest meet comes four months after it was postponed as Covid-19 swept across Brussels, which was the venue

Forced savings rise as Indians uncertain about spending amid Covid-19: UBS

India's gross savings fell to 29 per cent of GDP in FY20 as per UBS' estimates from 34.6 per cent of GDP in FY12

India set to make PDS location independent: NITI Aayog CEO at UN forum

The Covid-19 pandemic has also highlighted the power of collectivised problem solving, said NITI Aayog CEO

PSBs buy bonds, CPs worth Rs 14,667 cr by 67 NBFCs under credit scheme: FM

The purchase of bonds/commercial papers of Rs 6,125 crore, including Rs 5,550 crore of bonds/commercial papers (CP) rated below AA, is currently under various stages of approval/at negotiation stage