Page 2611 - Economy & Policy News

Lost battle over use of oil windfall to fiscal hawks: Arvind Subramanian

Subramanian, who had often batted for policy rate rate reduction, said tighter monetary and fiscal policies were needed to hold the line at the time of shocks

How the Indian sugar industry is creating a not-so-sweet trap for itself

Industry staring at a record surplus by next year

World Bank says India beat France to become sixth largest economy: Report

India is expected to grow at 7.4 per cent in 2018 and 7.8 per cent in 2019, leaving its nearest rival China behind

Civil Aviation Ministry to soon begin registration for drone operations

Niti Aayog CEO Amitabh Kant said the regulatory framework for civil and commercial operations of UAS needs to be put in place early in line with global best practices

CEA Subramanian rules out single rate GST, says 3-slab structure possible

Union Minister Arun Jaitley had dismissed the idea of a single rate GST as "flawed" saying that it can only work in a country where the entire population has 'similar and high' capacity to spend

Aadhaar-based DBT savings over Rs 900 bn as on Mar 31, says UIDAI official

1.21 billion residents have so far enrolled for Aadhaar card and on an average over 30 million e-transactions are done using the identification system

Telecom Commission approves net neutrality rules as recommended by Trai

Some mission critical applications or services like remote surgery and autonomous cars will however be kept out of the purview of net neutrality framework

Kharif sowing drops by 30% to 0.94 million hectares in Odisha

Sowing of paddy, the key Kharif crop, has plunged by 32 per cent to 0.78 million hectares compared to 1.16 million hectares covered as on July 7 last year

Govt ups threshold cap for tax dept appeals in courts to reduce litigation

This step will also reduce future litigation flow from the revenue department side

India tops list of scrapped coal projects in pipeline since 2010: Study

The findings of a study by the US-based Institute for Energy Economics & Financial Analysis (IEEFA) show India cancelled 464,727 coal-based generation projects planned since 2010

India will overtake UK this year as the world's fifth biggest economy

But it may not be before 2024 that India overtakes Germany to become world's fourth-largest economy

GoM not in favour of sugar cess, moots lowering of GST on ethanol to 12%

GoM may look at the option of levying 1 per cent agriculture cess on luxury goods which could imposed to deal with any unforeseen circumstances in the farm sector

GST Council to consider rate cut on items with low revenue impact on Jul 21

Several industry bodies and stakeholders have been demanding duty cut on items, especially those linked to general health and employment generation in unorganised sector

Gujarat questions DIPP's method of ranking states on ease of doing biz

Gujarat slipped two positions to rank fifth in the ease of doing business ranking among all the states

SC refuses to pass interim order on plea on quota to SC/ST in govt jobs

A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said a seven-judge Constitution bench is needed to consider the 2006 M Nagraj verdict

Regulatory framework is needed for operation of UAS in India: Niti CEO Kant

Niti Aayog CEO Amitabh Kant also suggested giving tax break for incentivising budding entrepreneurs to encourage them to provide UAS services

Over 3.8 mn register for MP subsidised power, bill waiver scheme in 10 days

Both the schemes -- Mukhyamantri Jan Kalyan (Sambal) Yojana 2018 and Bijli Bill Mafi Yojana -- came into effect from July 1

Pending litigation: Tax dept set to hike monetary limit for appeal

As per the latest data, 6,500 cases are pending in the Supreme Court, about 38000 cases in high courts and 94,000 cases in ITAT, some even a decade old

Kerala plans to develop a digital industry ecosystem in the state

Kerala believes the recent agreement with Japanese auto major Nissan to set up a digital hub in the state is a major step towards achieving the goal

Post-retirement jobs: Do some govt officers get a better deal than others?

Data seem to suggest that those who retired prior to 2016 have not been able to land as many plum postings as officers who bid farewell from that year onwards