Page 1791 - Economy & Policy News

Input tax credit cannot be availed on GST paid for employees cabs

The AAR in its ruling said since the applicant failed to cite any law under which the service of providing transportation facility to its employees is obligatory, ITC will not be available

India Inc on war footing to cut costs, conserve cash to offset Covid impact

Capex is the first head on the chopping block, followed by operating costs and overheads

India's crude, gas consumption up but output fell in last 10 years: Report

India is second biggest growth driver of primary energy consumption in the world, behind China.

Malls see 77% degrowth in 1st half of June, consumer sentiment low: Report

After lockdown guidelines were relaxed in early June, most states permitted malls and high street retailers to reopen after a gap of more than 70 days

Covid-19 has led to 2 million job losses in bus, taxi sector: BOCI

BOCI claims to represent 20,000 operators with 1.5 million buses and maxi-cabs and 1.1 million tourist taxis providing direct employment to 10 million people

Diesel hits record high after fuel prices hiked for 15th day in a row

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT

Freeze on new posts, stationary cuts among railways' austerity measures

The financial commissioner also recommended that all file work be moved to the digital sphere and advised that all correspondence must be done through secure e-mails

Govt seeks product details to curb low quality imports from China: Sources

Sources said a high-level meeting to discuss ways to promote Atmanirbhar Bharat, including a cut in import dependence from China, also took place recently in the Prime Minister's office

Covid-19: Reimagining laws to provide adequate protection to gig workers

Some experts for bringing gig workers under the ambit of the contract labour Act; others want a new rulebook

EPFO records 133,000 new enrolments in April amid Covid-19 lockdown

The government had imposed lockdown from March 25 to fight Covid-19 in the country.

Mall developers blink, rework rent for retailers, offer discounts

Phoenix, Inorbit, Brigade offer waiver, discounts

Domestic air travel may rebound by year-end, says Aviation Minister

Industry sceptical about a quick revival in demand without a vaccine in sight

PM launches rural job scheme for migrant workers in poll-bound Bihar

As many as 32 districts of total 38 in Bihar are included under the scheme

MV rules: Proposals invited to improve movement in neighbouring countries

The Road Transport and Highways Ministry has issued a notification in this regard

Labour laws are not the reason hindering India's rapid industrialisation

Even in India, labour problem is low down on an entrepreneur's wish list. Corruption of labour inspector is quoted as a reason.

Covid-19 crisis: Indian economy's road to recovery still has long way to go

Agriculture was expected to be the only silver lining in the economy in the current financial year

Power demand slump narrows marginally to 9.76% in third week of Jun

The slump in power demand in the first week of the June was recorded at 19.7 per cent. However, the decline so far is still higher than 8.8 per cent recorded in May.

Facing shortage of funds, Tea Board urges industry to stand on its feet

Indian tea growers should focus more on orthodox tea manufacturing which has a good export market

L&T may gain from China's loss of Delhi-Meerut Rapid Rail project

The border standoff is casting a shadow on economic ties between the two neighbours

China strengthens its foothold in Bangladesh amid trade war with US

"Trade war to generate additional $400 million exports for Bangladesh," Asian Development Bank's chief economist Yasuyuki Sawada said