Page 400 - Economy & Policy News

Corp tax collections as proportion to GDP yet to reach pre-tax cut levels

After surcharges and cesses, this tax comes to 17.01 per cent against 29.12 per cent if the companies don't opt for this tax

India's WPI-based inflation reaches 13-month high of 1.26% in April

April 2024 WPI: Prices of crude petroleum & natural gas and food articles witnessed a surge in April 2024 compared to March 2024, while prices of non-food articles and minerals saw a decline

India's imports from FTA partners in FY24 grew 38% over FY19

"This growth highlights the significant and varied impact of free trade agreements on India's global trade dynamics," GTRI said in a report

SC issues notice to Centre over petition on imposition of GST on JDA

The Telangana High Court had held that JDA is different from an agreement for the sale of land and therefore the rights under this should be taxed

Timeline: 21-year-long effort by India to set up port in Chabahar

Monday's agreement is expected to finally realise efforts by India to gain a strategic foothold in the region

Over dozen states have higher inflation than national avg of 4.83% in April

The cost of living rose faster in 13 states in the last month compared to the national print of 4.83 per cent. Odisha registered the highest rate of inflation among the states at 7.11 per cent

EPFO introduces auto claim settlement for education, marriage, housing

Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance for illness

Retail inflation eases to 4.83% in April on softening fuel prices

Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series

Urban demand slows down for FMCG products as rural picks up steam

According to Kantar Worldpanel, rural has overtaken urban growth at the quarterly level quicker than expected

Nearly 51 mn person years of employment created annually in last 10 years

A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours

After long wait, India inks Chabahar port's 10-year deal with Iran

India's plans with the port go beyond commercial interests, according to the Centre

Domestically held gold reserve rise by 40% in 5 years, shows RBI data

As of the end of March 2024, the Reserve Bank of India held a total of 822 metric tonnes of gold, with 408 metric tonnes held within the country

India Exim Bank looks for $3.5 bn foreign currency borrowings in Fy25

The bank raised foreign currency resources of $3.26 billion equivalent during the financial year 2024

Retail inflation eases to 4.83% in April, surge in food prices continues

The Consumer Price Index (CPI) based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023

514 million person-years employment created during 2014-24: Report

A man-year or person-year is a unit of measurement for the amount of work done by an individual throughout the entire year expressed in hours

Apex capex: How is govt capital expenditure driving India's growth

Will RBI's suggested provisioning affect it?

India's imports from FTA partners up 38% during 2019-24 fiscal years: GTRI

Country's exports to the FTA (free trade agreement) partners rose 14.48 per cent to $ 122.72 billion in 2023-24 from $ 107.20 billion in 2018-19

India, Iran to ink 10-year agreement to manage and operate Chabahar port

The deal, significant for its potential impact on trade and geopolitics, had been in the works for years but had been stalled for various reasons

India to sign 10-year agreement with Iran to manage Chabahar Port

Chabahar Port will serve as a vital link connecting India to Afghanistan, Central Asia, and the broader Eurasian region

Friday's thunderstorm caused an 11 GW electricity load crash in North India

According to reports from state load despatch centres in North India, electricity demand fell by half in just 30 to 55 minutes when the storm hit