Page 2196 - Economy & Policy News

Making Noida future-ready: City looks to set up 100 charging points for EVs

A memorandum of understanding is expected to be signed on Thursday between Noida Authority and EESL to set up the charging stattions

Power minister R K Singh supports tax incentives for electric vehicles

The power ministry will also do away with cross subsidy in the proposed power tariff policy to promote e-mobility, as nobody will buy power at Rs 11/unit, Singh said

Electric Vehicles: SIAM for 5% GST, tax deduction for individual buyers

On specific fiscal measures, SIAM said GST rate for all EVs may be brought down from 12 per cent to 5 per cent and road tax be fully exempted

Services activity rebounds in July, expands at fastest pace in a year: PMI

A sub-index tracking overall demand showed new orders increased at the quickest pace in nearly three years, driven largely by foreign demand

I-T dept 'elephant' running amok to meet revenue shortfall: Rahul Gandhi

Gandhi also shared media reports alleging that 'tax terrorism' was hurting India's growth

Why India's solar push could kill the livelihood of pastoral communities

Experts working on just transition to renewable energy believe that specific laws are needed to protect these communities

Pay up interest for delay in paying GST refunds: Gujarat High Court

Saraf Natural Stone, a partnership firm, had filed a claim of GST refund. However, there was substantial delay by the authorities in granting of refund

Defence shipyards bag 85-95% high-value warship orders without tender

Ficci asks Rajnath Singh for level playing field for private shipyards'

12 million families may be out of poverty, thanks to reskilling initiative

Every year one member from almost 400,000-500,000 MGNREGS families will be skilled over the next 5 years

RBI likely to cut policy rate by 25 bps amid concerns of economic slowdown

Lending rates did not move down much after the first two rate cuts of 2019

Where do numbers go: CAG, finance ministry spar over off-Budget financing

The issue has been flagged in audit reports by the CAG tabled in Parliament in February this year, as well as in its recent presentations to the 15th Finance Commission

Economic slowdown is cyclical; growth will pick up in 1-2 yrs: Bimal Jalan

Jalan further said the government has already announced many reforms, and it is now a question of implementation, particularly in terms of investment

DHL warns poor Mumbai airport infrastructure risks $5 trn economy target

The company said there is only a single slot for all air freight operators and there is no scope for expansion at the nations second largest airport

200,000 jobs lost in 3 months across auto dealerships, says FADA

In the last three months, around 2 lakh jobs have been cut to reduce the impact of dip in sales

Govt eases norms for re-insurers to set up shop at Gandhinagar IFSC

Opening an office at IFSC would allow global players to cater to the needs of customers outside the jurisdiction of the domestic economy

Govt tenders worth Rs 25k-cr cancelled, modified for Make in India products

A tender worth Rs 8,000 crore was withdrawn and re-issued at the intervention of Department for Promotion of Industry and Internal Trade.

UP to give land rebate, cheap power for investments in defence corridor

The corridor will spread across six districts and create 2,50,000 jobs.

CCI dismisses abuse of dominance charge against ONGC

The complaint was filed by Indian National Shipowners' Association (INSA), a representative body of various ship owners

'Cars don't sell': How a shadow banking crisis is hurting autos sector

Passenger vehicle sales fell for eight straight months until June, and in May sales dropped 20.55% - the sharpest recorded fall in 18 years

India needs to grow at 9% for 5 years to become $5 trillion economy: EY

Raising the growth rate to 9 per cent in FY21 would require uplifting the investment rate to close to 38 per cent of GDP as against 31.3 per cent in FY19, it said