Page 2552 - Economy & Policy News

Orissa HC directs authorities not to take action against importers on GST

Importers had approached various courts over restrictions imposed for availing advance authorisation licences

5G launch in India likely by 2020, economic impact of $1 trillion by 2035

Govt-appointed committee suggests increasing the quantum of spectrum with lower pricing

Monsoon will shift towards central, east India till August-end: IMD

The revival of rains over eastern and central India over the next few weeks should augur well for the standing kharif crops, which were facing moisture stress due to a prolonged dry spell

Govt imposes standard green clearance norms for as many as 25 sectors

The sectors include iron, steel, cement, coal, petroleum refineries industry, paper and pulp, hydro-electric projects, and industrial estates, among others

Ex-RBI Guv for doing away with dual control of PSBs by Centre, central bank

He also batted for reduced "pre-emption", saying that that 20 per cent of deposits in government securities should be lowered

Centre finalises Rs 55-bn roadmap for FAME II scheme; EVs to get subsidy

At present, the incentive is being offered on purchase of strong hybrid and electric cars, two-wheelers and three-wheelers

National aluminium policy needed to strengthen output: Nalco CMD

'India needs to double its per capita consumption, increase applications of aluminium and go for 75 per cent value addition,' Chand said

Why did the much anticipated e-mandate not come in updated UPI 2.0?

UPI 2.0 is specifically aimed to boost digital payments for merchants

India-made semi-high speed 'Train 18' to be rolled out for testing in Sept

Built by the Integral Coach Factory (ICF), Chennai, the train will promote "Make in India", and is capable of running at a speed of 160 km per hour

Odisha's Rs 127-bn supplementary budget to fund health, food schemes

The budget will also provide for existing state-sponsored schemes, central sector schemes and centrally sponsored schemes

No intent to impose blanket ban on messaging apps to curb misuse: Official

Industry body COAI has cautioned against blocking of mobile apps, saying it would impinge on freedom of speech and expression of users

Make in Odisha 2.0: Japan partner country, SBI the banking partner

As the banking partner, SBI intends to introduce a slew of products and services to cater to not just the financial needs of large corporates but also MSMEs

Odisha govt performs groundbreaking ceremony for projects worth Rs 29.01 bn

Topping the list of investors is the cement manufacturer, OCL India Ltd, which has committed an investment of Rs 19.94 billion, promising employment for 365 people

Assam to Bangladesh in Rs 650: Modi govt's new international flight plan

UDAN International puts the onus on state govts to draw up a list of international destinations to be connected to their cities

GDP could grow at 7.7% in Q1, take a hit on weak farm growth: SBI

The CLI is signalling that the economic activity for Q1FY19 has picked up substantially, said the SBI Ecowrap report

Washington outlines agenda for 2 + 2 meeting with India for the first time

Since 2016, when India was officially recognised in US law as a 'major defence partner', Washington has purposefully upgraded the defence relationship

Kerala flood hits spice market as shortage in supply pushes up prices

At Delhi's markets, cardamom, pepper selling at double their recent rates

MP plays safe with safeguard duty for solar tender, revises conditions

With the safeguard duty recommended on July 16, the state had to push its bid submission date from July 19 to August 23.

Despite monetary cap of Rs 2 mn, taxmen can still file appeal in all cases

Despite the raised monetary limit for filing tax appeals in place, taxmen, according to a report, still have the option to pursue any case

Govt may soon impose IGST on ex-factory sales; decision in September

The issue of double taxation was raised after an order by the Authority for Advance Rulings, Uttarakhand, which ruled that the importer will have to pay the IGST on CIF value and also on ocean freight