Page 2613 - Economy & Policy News
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
 "GoM not in favour of sugar cess, moots lowering of GST on ethanol to 12%")
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
 "GST Council to consider rate cut on items with low revenue impact on Jul 21")
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
 "Gujarat questions DIPP's method of ranking states on ease of doing biz")
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
 "SC refuses to pass interim order on plea on quota to SC/ST in govt jobs")
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
 "Regulatory framework is needed for operation of UAS in India: Niti CEO Kant")
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
 "Over 3.8 mn register for MP subsidised power, bill waiver scheme in 10 days")
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
 "Kerala plans to develop a digital industry ecosystem in the state")
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
 "Post-retirement jobs: Do some govt officers get a better deal than others?")
At $153/sq ft, Connaught Place world's 9th costliest office location: CBRE
Bandra Kurla Complex and Nariman Point are at 26th and 37th positions, respectively
 "At $153/sq ft, Connaught Place world's 9th costliest office location: CBRE")
Easiest to do business in AP, Telangana and Haryana; Delhi scored very low
While Gujarat was among the top five and Maharashtra slipped to 13th position
 "Easiest to do business in AP, Telangana and Haryana; Delhi scored very low")
How legalised hemp cultivation can boost farm income in hills and elsewhere
First licence to legally grow hemp on a pilot basis was issued recently after almost 33 years; talks are on among state govts of MP, Himachal and Jharkhand to legalise cultivation for industrial use
 "How legalised hemp cultivation can boost farm income in hills and elsewhere")
US says import of Iranian oil sanctionable from Nov 4; India may get relief
US Secretary of State Mike Pompeo indicated that the Trump administration was willing to show some flexibility to countries like India, which is the second largest buyer of Iranian crude
 "US says import of Iranian oil sanctionable from Nov 4; India may get relief")
Parliamentary panel summons CEA Subramanian, ED, CBI over mounting NPAs
The banking sector is grappling with rising non-performing assets, which touched Rs 8.99 trillion in December 2017
 "Parliamentary panel summons CEA Subramanian, ED, CBI over mounting NPAs")
'It's unfortunate': Iran says India didn't keep Chabahar investment pledge
The Chabahar port is being considered a gateway to immense trade opportunities by India, Iran and Afghanistan with central Asian countries in the wake of Pakistan denying transit access to New Delhi
 "'It's unfortunate': Iran says India didn't keep Chabahar investment pledge")
Important data releases and events to look out for next week
Indian and US inflation numbers, China's GDP are some data releases that will dominate economic commentary
 "Important data releases and events to look out for next week")
Railways to replace face towels in AC coaches with disposable napkins
The cost of the bedroll is included in the ticket fare for those travelling in AC coaches
 "Railways to replace face towels in AC coaches with disposable napkins")
Indian companies to resume large-scale exports to Iraq amid global blues
Tea companies need to be cautious in resuming exports to Iraq
 "Indian companies to resume large-scale exports to Iraq amid global blues")
Talks will help take education system forward, says Amartya Sen
"Discussion among teachers themselves, among teachers and students and among students themselves, thus, lead to expansion of knowledge. The basis of education is discussion," Sen said
 "Talks will help take education system forward, says Amartya Sen")
GII rankings: India top IT exporter but lags in information access
India maintained its top place in the Central and Southern Asia region
 "GII rankings: India top IT exporter but lags in information access")