Page 1935 - Economy & Policy News
India, Portugal exchange 14 agreements in key areas to boost cooperation
Kovind said Portugal-India relations are very special and the two countries enjoy 500 years of shared history
 "India, Portugal exchange 14 agreements in key areas to boost cooperation")
Exports contract for sixth straight month, trade deficit shoots up
While imports contracted by 0.7 per cent, the rate of fall was significantly lower than the 8.9 per cent contraction in inbound trade seen in December
 "Exports contract for sixth straight month, trade deficit shoots up")
Open to tweaking Budget to address concerns of the industry, says FM
Finance ministry to come out with detailed rules on Vivad Se Vishwas Bill in a couple of days
 "Open to tweaking Budget to address concerns of the industry, says FM")
Wholesale inflation rises to 3.1% in January vs 2.59% in December
The wholesale inflation of food articles declined 1 per cent in January, according to the Ministry of Commerce
 "Wholesale inflation rises to 3.1% in January vs 2.59% in December")
PAN not linked with Aadhaar to become inoperative after March 31: I-T dept
The deadline for linking of PAN and Aadhar has been extended several times and the current deadline ends on March 31, 2020
 "PAN not linked with Aadhaar to become inoperative after March 31: I-T dept")
Goyal suggests ideas to stakeholders for promoting sale of tribal products
Citing an example, he said cricketer M S Dhoni can be a brand ambassador for a tribal product of Jharkhand
 "Goyal suggests ideas to stakeholders for promoting sale of tribal products")
ESIC to hike confinement expenses for maternity services to Rs 7,500
The decision was taken at an ESIC meeting chaired by Labour Minister Santosh Gangwar on Thursday
 "ESIC to hike confinement expenses for maternity services to Rs 7,500")
Exports decline by 1.66% year-on-year to $25.97 billion in January
Imports too declined by 0.75 per cent USD 41.14 billion, leaving a trade deficit of USD 15.17 billion during the month under review
 "Exports decline by 1.66% year-on-year to $25.97 billion in January")
India's forex reserves soar to record $473 billion, gold down by $218 mn
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
 "India's forex reserves soar to record $473 billion, gold down by $218 mn")
Pulses import may fall 60% next fiscal on good crop expectations: IPGA
There would be lower imports next year also because traders might not be able to buy from overseas market, taking advantage of loopholes in the import quota order
 "Pulses import may fall 60% next fiscal on good crop expectations: IPGA")
Private firms to invest Rs 3,000 cr in MP, to create 14,000 jobs
The announcement in this regard was made by Madhya Pradesh Chief Minister Kamal Nath during the textile and garment sector round table held here
 "Private firms to invest Rs 3,000 cr in MP, to create 14,000 jobs")
Irdai concerned over rising hospital tariffs, plans to standardise charges
"We plan to introduce a system in which people will have the liberty to choose their TPAs," Irdai member said
 "Irdai concerned over rising hospital tariffs, plans to standardise charges")
Govt willing to do more beyond Budget to boost growth: FM Sitharaman
The country's GDP growth is estimated to slow to an 11-year low of 5 per cent in the current financial year
 "Govt willing to do more beyond Budget to boost growth: FM Sitharaman")
Odisha to tap 5T model for mineral resource mapping, extend KALIA scheme
State to also set World-class core sample laboratory and develop select rural habitats as smart villages akin to smart cities
 "Odisha to tap 5T model for mineral resource mapping, extend KALIA scheme")
CBDT to base taxmen's appraisal on their 'Vivad se Vishwas' performance
FM Nirmala Sitharaman had proposed this direct tax dispute resolution scheme in her budget speech on February 1
 "CBDT to base taxmen's appraisal on their 'Vivad se Vishwas' performance")
KT Rama Rao hits out at Finance Commission over reduced states devolution
The reduction in devolution to 41 per cent from 42 per cent earlier will lead to an up to Rs 4,000 crore hit to Telangana, Rao told reporters on the sidelines of the NTLF here.
 "KT Rama Rao hits out at Finance Commission over reduced states devolution")
Ramayan-theme based train taking routes linked with Ram by March-end: Rlys
The train is likely to be launched after March 10, Railway Board Chairman V K Yadav said, adding that its annual schedule will be released in the coming week
 "Ramayan-theme based train taking routes linked with Ram by March-end: Rlys")
CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes
Form 10-IC will have to be filed by the companies that wish to avail the beneficial rate of 22 per cent upon relinquishment of the exemptions/incentives offered under the Income Tax Act.
 "CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes")
UP govt to promote e-vehicles, targets 10,700 mw of solar energy
The energy minister said the state was targetting solar energy generation of 10,700 megawatt (mw) by 2022 in the private sector to conserve environment and curb pollution
 "UP govt to promote e-vehicles, targets 10,700 mw of solar energy")
AGR dues: DoT withdraws order seeking no coercive action against telcos
The department's move came after the Supreme Court directed the managing directors and directors of telcos and other firms to explain why contempt action be not taken against them
 "AGR dues: DoT withdraws order seeking no coercive action against telcos")