Page 1941 - Economy & Policy News

Nasscom, Japan join hands to match startups and tech firms with VCs

Nasscom has been looking to expand into more markets to reduce its over dependence on US and UK, which together make up more than 70 per cent of its exports, as of last financial year.

India's growth set to bounce back as slump bottoms out: Govt adviser

"Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further," Sanjeev Sanyal, principal economic adviser to govt, said

India Inc's foreign investment jumps 40% to $2.10 bn in January: RBI

Indian companies had invested $1.47 billion in their overseas ventures in the same month a year ago

Economy not in trouble; green shoots visible: Nirmala Sitharaman

She said increasing Foreign Direct Investment, rise in factory output and over Rs 1 trillion GST collection in the past three months are indications of green shoots in the economy

UP farm sector credit flow estimated at Rs 2.94 trillion in FY20-21

The estimates are 9.7% higher compared to Rs 2.68 trillion in FY20

15th Finance Commission to recommend grants for statistics in second report

Experts say MoSPI can take up leadership role but states will have to do actual work

Industry urges FM Nirmala Sitharaman to change tax settlement scheme

Sources in Ficci say the lacuna of the scheme is that 100% of the disputed tax has to be paid

The rise and rise of digital news: Three insights that shaped the growth

Network18, which operates CNBC, IBN and other brands, shot to 201.7 million unique users, up from 105-odd million at the beginning of 2019

Top electronics firms catch Coronavirus, sales to plunge in future

Viral outbreak could impact sales of electronics - online and offline

States may not get GST compensation in full, says Finance Ministry

Centre for rate hike to make up for Rs 30K-cr revenue gap

Electricity to housing, West Bengal govt rolls out sops ahead of polls

The state finance minister has announced in its Budget free electricity for consumers with quarterly consumption up to 75 units

States bearing the brunt of GST slowdown as revenue declines by 3.9%

The assumption of 14 per cent assured growth rate aggravates the revenue stress

Govt has no plans to give permanent status to finance commission: Thakur

The term of the commission was originally set to end in October 2019, but was extended by one month to November 30

West Bengal dues from Centre more than Rs 50,000 crore: Amit Mitra

State FM presents Budget of Rs 2.55 trillion, up about 7.5 per cent over last year

Coronavirus impact: PTA prices decline by 10% in a week on duty cut

Decline in crude prices also contributes to lowering the key textile raw material

Coronavirus outbreak: Apparel enquiries diverted from China to India

The flip side is exporters saying they are not in a position to convert such enquiries into orders, being unable to match the competition's price

Imported goods deposited in bonded warehouse can be re-exported: Expert

The conditions for such re-export or DTA clearance are spelt out in those legal provisions

FMCG woes: How Budget 2020 pushed demand revival further down the road

The Budget's incentives have ignored a large section of middle-class buyers

Apparel exporters facing liquidity crunch as funds are blocked: FIEO

The RSCTL scheme was not implemented in the entire 2019 and MEIS also stopped from August last year for apparel and made-ups sectors, FIEO President Sharad Kumar Saraf said in a statement

AP power regulator snubs discoms over renewable energy obligations

These directions came as part of the APERC's Tariff Order determining the retail tariff, the energy supply and the Discoms' revenue requirements for the year 2020-21, issued on Monday