Page 2210 - Economy & Policy News
Retail inflation likely hit 8-mnth high in June, but below 4%: Reuters poll
According to the median consensus of 40 economists polled by Reuters between July 4-7, retail inflation rose at an annual rate of 3.20% in June, up from 3.05% in May
 "Retail inflation likely hit 8-mnth high in June, but below 4%: Reuters poll")
After Modi's $5 trillion vision, Yogi targets $1 trillion GSDP for UP
CM Adityanath exhorts UP's biz community, traders for helping achieve the target
 "After Modi's $5 trillion vision, Yogi targets $1 trillion GSDP for UP")
Right time for govt to raise funds through sovereign bonds: CEA Subramanian
Finance ministry officials said the government could raise about 10-15% of proposed Rs 7.1 trillion government borrowings this fiscal year through sovereign bonds
 "Right time for govt to raise funds through sovereign bonds: CEA Subramanian")
India to start 5G trials in 100 days; no decision on Huawei yet: R S Prasad
The Trump administration last month placed Huawei and its affiliates on a blacklist, effectively banning the telecom equipment company.
 "India to start 5G trials in 100 days; no decision on Huawei yet: R S Prasad")
Forget Silicon Valley, Indians' permanent residency in Canada rises 51%
More than 39,500 Indian citizens got permanent residency in Canada in 2018 under the express-entry system - a 51 per cent jump from the 2017 figure
 "Forget Silicon Valley, Indians' permanent residency in Canada rises 51%")
Indian smartphone mkt grows fastest among major peers at 10% in 2018: Study
In terms of revenue, the market grew at 19% during the year, with Samsung, Xiaomi, Vivo, Oppo and Apple being the market leaders by revenue
 "Indian smartphone mkt grows fastest among major peers at 10% in 2018: Study")
How duty hike may affect the strategy of global phone makers in India
There's a fear that global smartphone manufacturers might seriously consider shifting focus on other markets
 "How duty hike may affect the strategy of global phone makers in India")
MNCs in India accused of not passing on benefits from tax cuts: Report
The companies had to pass on the benefits to customers after the government reduced GST to 18 per cent from 28 per cent, and to 5 per cent from 12 per cent on many products
 "MNCs in India accused of not passing on benefits from tax cuts: Report")
CAG finds anomalies in tax assessment in sports and amusement sectors
The audit report, which covered the scrutiny assessments completed by the Income Tax Department from 2013-14 to 2016-17 period, was tabled in the Parliament on Monday
 "CAG finds anomalies in tax assessment in sports and amusement sectors")
Rajya Sabha passes Bill on voluntary use of Aadhaar as identity proof
The amendment was passed by a voice vote. Last week, the Bill was passed in the Lok Sabha amidst opposition from several quarters
 "Rajya Sabha passes Bill on voluntary use of Aadhaar as identity proof")
Budget to encourage more launches in affordable housing segment
Budget has proposed an additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to end-March, 2020 for purchase of an affordable house, valued up to 45 lakh
 "Budget to encourage more launches in affordable housing segment")
NIIF set to make national highway debut with Rs 15,000-crore investment
This equity investment would be leveraged to raise close to Rs 50,000-crore debt
 "NIIF set to make national highway debut with Rs 15,000-crore investment")
Explained: Why there is no rush for new greenfield airport in Jewar
The airport, to be built in public-private partnership mode, is being positioned as an alternative for citizens in the National Capital Territory
 "Explained: Why there is no rush for new greenfield airport in Jewar")
No clarification over FPI surcharge needed at present, says FM Sitharaman
There is no apparent basis to tax FPIs organised in different legal forms
 "No clarification over FPI surcharge needed at present, says FM Sitharaman")
Govt likely to monetise Indian Railways' heritage routes and stadia
The railways heritage lines that are part of the UNESCO-accorded sites
 "Govt likely to monetise Indian Railways' heritage routes and stadia")
Trai refuses to budge on 5G spectrum pricing in upcoming auctions
The regulator has, however, yielded ground on the issue of lock-in period it had previously recommended for spectrum in the 3,300-3,600 megahertz (MHz) band (for eligibility on spectrum trading)
 "Trai refuses to budge on 5G spectrum pricing in upcoming auctions")
Budget impact: FDI cap in insurance sector may be raised to 74%
The govt is also looking to allow FDI in information utilities at 100% through govt approval route
 "Budget impact: FDI cap in insurance sector may be raised to 74%")
Leather industry fears supply crunch with export duty cut on raw hide
The move would adversely affect leather value chain from tanning to finished goods, especially at a time when finished leather exports were already down, it says
 "Leather industry fears supply crunch with export duty cut on raw hide")
Tea Board fixes minimum price for South Indian varieties at Rs 60 a kilo
North Indian price still being arrived at; Board is also working on e-auction reforms based on IIM Bangalore recommendations
 "Tea Board fixes minimum price for South Indian varieties at Rs 60 a kilo")
Union Budget 2019: States to get smaller share in tax revenue, funds
According to Finance Commission formula, 42% of the divisible pool of tax revenue collected by the Centre has to be distributed to states
 "Union Budget 2019: States to get smaller share in tax revenue, funds")