Page 306 - Economy & Policy News

Supreme Court allows claiming input tax credit on construction expenses

Exception for commercial buildings meant for renting, leasing purposes

India, US discuss ways to strengthen critical minerals supply chain

Goyal and Raimondo also discussed opportunities to increase US investments in India, particularly in some of the new industrial cities being planned

Rupee depreciates 15 paisa against US dollar tracking Asian peers

The significant outflow from domestic equities further weighed on the Indian unit, said dealers

Taking stock of B'desh: Visa woes slow Petrapole border's road to normalcy

Movement of people and trade between India and Bangladesh are limping back to normalcy 2 months after latter's political upheaval. The first of a two-part series is a ground report from Petrapole

CareEdge assigns BBB+ to India, first Indian agency in global ratings space

The agency projects a gradual reduction in India's general government debt-to-GDP ratio, from the current 80 per cent to 78 per cent by FY30 and 73.5 per cent by FY35

Govt okays National Mission on Edible Oils-Oilseeds with Rs 10K cr outlay

The mission aims to increase primary oilseed production from 39 million tonnes in 2022-23 to 69.7 million tonnes by 2030-31, the government said

RBI likely to continue using forex reserve to reduce volatility: Report

While most Asian currencies posted gains against the greenback following the Federal Reserve's larger-than-expected 50 basis point rate cut last month, the rupee has traded largely flat

RBI's new MPC members may have at least 1 favouring a rate cut: Economists

India's government on Tuesday appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as new external members

Raghuram Rajan opposes excluding food inflation in setting interest rates

Raghuram Rajan, who is ex RBI governor and currently a professor of finance at US-based Chicago Booth, said the argument against excluding food inflation is that you cannot affect it

Rupee remains overvalued against trading partners despite new lows

Market participants said that REER might moderate further in the current calendar year (CY24) and financial year (FY25) on the back of inflows

India, Brazil eye year-end date for finalising GBA headquarters, charter

More than a year after the alliance was launched, the bloc has no physical, diplomatic presence

Gandhi Jayanti: MSME raises wages for spinners by 25%, weavers by 7%

According to the official statement by the ministry, a special discount of 20 per cent on Khadi products and 10 per cent on Village Industries products has been launched at the flagship Khadi Bhavan

Majority of Indian businesses view UK as key market for expansion

A proposed India-UK free trade agreement (FTA), currently in the fourteenth round of negotiations, is seen as holding out great potential to further boost this two-way business attraction

Govt picks three new external members for MPC ahead of key RBI meet

Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee

U'khand GSDP up 1.3 times in 20 months, per capita income at Rs 2.6 lakh

New policies brought by the state government, amendments in the old ones besides employment and self-employment programmes underway have contributed to the GSDP growth

In a first, PM Modi to address this year's Kautilya Economic Conclave

The Conclave will be inaugurated by Finance Minister Nirmala Sitharaman on October 4

'Conflict escalation in West Asia likely to push logistics cost up'

Think tank Global Trade Research Initiative (GTRI) stated that the conflict is already hurting India's trade with countries like Israel, Jordan, and Lebanon

Will 'White Revolution 2.0' propel India's dairy sector to new heights?

India's overall milk production increased from 188 million tonnes in 2018-19 to 231 million tonnes in 2022-23 but the annual growth rate has dropped from 6.47 per cent to around 4 per cent

IOC rights issue deferral signals no GOI shift on disinvestment policy

Indian Oil's decision to withdraw its Rs 22,000 crore rights issue highlights the govt's reluctance to reduce its stake in state-run enterprises, as fiscal priorities shift to sectors like rail, roads

Govt notifies Apr 1, 2025, as sunset date for GST anti-profiteering

AKM Global, Partner-Tax, Sandeep Sehgal said the move aims to enhance efficiency by reducing the burden on CCI and ensuring cases are resolved under the tax-specific mechanisms of GSTAT