Page 317 - Economy & Policy News

Size of Indian economy can easily double by 2030: NITI CEO Subrahmanyam

India could easily double the size of its economy by 2030, NITI Aayog CEO BVR Subrahmanyam said on Wednesday.

Russian insurance shores up oil exports to top buyer India, shows data

Over 60 per cent of Russia's seaborne oil exports go to India

India plans to keep buying cheap Russian oil, says Hardeep Singh Puri

European countries and Japanese businesses are buying from Russia, so India is not alone, he said

Govt slashes windfall tax on petroleum crude to nil effective Sep 18

The Indian government reviews the windfall tax every fortnight, and the cut comes after a significant decline in crude prices

West Bengal economy performs poorly over several decades: EAC-PM paper

West Bengal, which held the third-largest share of national GDP at 10.5 per cent in 1960-61, now accounts for only 5.6 per cent in 2023-24, it has seen a consistent decline throughout this period

Export share of manufacturing companies' sales nears a record low

Drop across listed and unlisted companies

WPI inflation drops to 4-month low of 1.31% in Aug on lower prices

Food price comes in at 3.11%, compared to 3.45% in July, according to government data

India's exports shrink 9.3% in August, trade deficit at 10-month high

Shipments to China fall 22.4%, while imports jump 15.5% to $10.8 bn

No near-term impact of B'desh situation on India's trade: CRISIL Ratings

Prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which Bangladesh is either a demand centre or a production hub

Dispute over food GST: Gujarat High Court rules in company's favour

The Gujarat High Court has quashed a show cause notice sent by the GST authorities to a company asking it to pay 18 per cent tax on unfried or uncooked extruded snack pellets

Centre asks platform aggregators to register workers on e-Shram portal

The e-Shram portal serves as a nationwide database of unorganised workers, designed to provide them with access to social security and welfare schemes

Experts cite logistical, Red Sea crisis as issues impacting India's exports

The yearlong ongoing disruptions have forced shipping routes to take longer paths around the Horn of Africa and the Cape of Good Hope, rendering exports to Europe less viable

Flexible work guidelines for women in the works as govt targets higher LFPR

This framework may not be legally binding but could serve as a guideline for states and companies to adopt, with a report anticipated by the end of this year

Low crude prices: Refiners place spot orders from West Asia in September

Brent crude prices fell to a 33-month low last week amid oversupply concerns

Banks, FIs to invest Rs 32.5 trillion in renewable energy by 2030: Centre

Industry leaders pledge close to 570 Gw of renewable energy capacity addition

DGGI suggests info-sharing with foreign governments, blocking websites

The GST intelligence wing said that unique challenges in tax enforcement in this sector necessitate out-of-the-box interventions to plug revenue leakage

Draft affiliation norms ease the compliance burden for 'new-age ITIs'

A private organisation or a public sector enterprise can open a 'New Age ITI' or can adopt and transform an existing ITI into a New Age ITI

SCI divestment process may spill over to FY26 amid 'documentation issues'

Centre struggles to resolve 'documentation issues' with Maharashtra government

4th RE-Invest summit: 100-day work shows our priorities, says PM Modi

PM highlights approval to building 12 industrial smart cities, Rs 1 trn fund to promote innovation, EV initiatives

Facts need to be taken on board: FM Nirmala Sitharaman on Buch row

FM said that Buch, along with her husband, had answered quite a few of the allegations levelled against her by the Congress party and have put forth the facts