Page 2587 - Economy & Policy News

Draft policy for e-commerce proposes very little for incumbent players

Experts say data localisation and sharing is probably the single-biggest detriment that the draft policy talks about, the rest have no or minor repercussions on the players

Eight core sector growth jumps to 7-month high of 6.7% in June

The headline figure may give a boost to IIP growth, which fell to a seven-month low of 3.2% in May

Fiscal deficit, core sector boost for Modi govt ahead of RBI policy review

The fiscal deficit was at 80.8 per cent of 2017-18 budgeted estimates in the April-June quarter of the last fiscal

India aiming to be among top 10 of UN's Cybersecurity Index: Gulshan Rai

Commenting on the blockchain technology, he said it will take a year and a half for the picture to get clear

Safeguards duty on solar cell import could increase costs of new projects

The solar industry had calculated that this duty imposition would lead to an escalation of 50-60 paise in the final solar tariff

Fastest growth in output value of livestock products between 2011-2016: CSO

Milk prices in most parts of India have crashed from around Rs 28-30 a kg last year to less than Rs 20 a kg

Proposed returns process to simplify GST regime, bring relief to taxpayers

Assessees will have to continuously upload invoices and keep track of matching purchase receipts with those of sales to claim input tax credit

'People are suffering': AAP govt delinks Aadhaar, social welfare pensions

The Social Welfare department will now remit all the pensions stopped due to lack of Aadhaar, the government statement said

Live in Gurgaon, Kanpur, Lucknow? Smart power grids, meters coming your way

While consumers will be paying a higher upfront cost for smart metering, the share in the efficiency gains could more than offset this higher spend

GST evasion worth Rs 30 billion detected in 1 year: Govt informs Parliament

As many as 3.67 per cent of the registered tax payers contribute about 79.52 per cent of total tax collected

Need for relook at payment norms to keep pace with tech changes: Niti Aayog

There has been a rise in digital payments following the demonetisation of higher currency notes in November 2016

Thankful to Cong for letting me expose the Opposition: Modi on trust vote

The government got a platform to share the successes of its four and a half years rule with people far and wide, and also to expose the opposition, he said

CSR norms: Corp Affairs Min puts in place centralised scrutiny mechanism

A Special Task Force, co-chaired by Revenue and Corporate Affairs Secretaries, has been constituted to look into the matter of shell companies

Trai sets new quality norms for 4G networks to check call drop, voice mute

New norms would be applicable from October 1

Carrying outside food at Maharashtra movie halls may increase ticket prices

Maharashtra accounts for roughly a quarter of the revenues of multiplex operators

Govt issues fresh guidelines to 12 major ports for pension fund investment

At present, pension, provident and surplus funds at major ports add up to around Rs 30 billion, yielding interest of around Rs 27 billion

Infrastructure output growth hits seven-month high of 6.7% in June

The expansion in the electricity generation was 4 per cent in June compared to 2.2 per cent in the same month of the last fiscal

Commerce ministry proposes limits on royalty payments for tech transfer

The ministry has proposed capping royalty payments at 1 per cent of sales and 2 per cent of exports of an entity

Till May 2018, govt imposed Rs 60 bn fine on drug firms for overcharging

In a separate reply, minister of state for chemicals and fertilisers said exports of generic drugs in 2017-18 stood at $12.9 billion

Centre seeks Parliament nod for Rs 9.8-bn capital injection in Air India

To fund the capital infusion in Air India and other sectors, the government has sought Parliament's approval for an additional net spending of Rs 59.51 bn