Page 485 - Economy & Policy News
In a first, exploration licences to private agencies for mineral projects
A total of 17 projects, including 11 of critical minerals, provided to the five NPEAs are in Maharashtra, Madhya Pradesh, Chhattisgarh, Odisha, Gujarat and Karnataka
 "In a first, exploration licences to private agencies for mineral projects")
Chennai tribunal gives split verdict over GST on salaries to expats
The issue dealt with by Cestat was limited to the question of valuation and arriving at the taxable value and not the taxability of the transaction
 "Chennai tribunal gives split verdict over GST on salaries to expats")
Petroleum Ministry has given nod to import Venezuelan crude: Officials
Puri says India open to importing from any country not under sanctions
 "Petroleum Ministry has given nod to import Venezuelan crude: Officials")
India may not be majorly impacted by G7 ban on Russian diamond imports
India's move came after both sides were not able to arrive at a mutually agreeable solution
 "India may not be majorly impacted by G7 ban on Russian diamond imports")
Sebi issues warning to Care Ratings and orders corrective measures
The market regulator has advised the rating agency to take corrective steps, rectify discrepancies and submit the action taken report (ATR) to Sebi within 30 days
 "Sebi issues warning to Care Ratings and orders corrective measures")
Outward FDI halves Y-o-Y to $1.55 billion in November, shows RBI data
Outbound FDI, expressed as a financial commitment, comprises three components - equity, loans, and guarantees
 "Outward FDI halves Y-o-Y to $1.55 billion in November, shows RBI data")
India's GDP will reach $5 trillion in 2026: Ex-NITI Aayog VC Panagariya
India has grown at an annual average rate of 10.22% in current dollar terms
 "India's GDP will reach $5 trillion in 2026: Ex-NITI Aayog VC Panagariya")
Engineering exports register 3% on-year fall in November to $7.85 billion
The dip was primarily attributed to the festive season that disrupted operations in major engineering export belts across the country, particularly in northern and western regions, it said
 "Engineering exports register 3% on-year fall in November to $7.85 billion")
India-UK FTA talks: Trying to balance mobility, migration concerns
After a high-level UK delegation visited India to iron out the differences, currently, an Indian delegation is in London to advance discussions
 "India-UK FTA talks: Trying to balance mobility, migration concerns")
Railways spent Rs 1 trillion on renewing safety assets: Ashwini Vaishnaw
RRSK was introduced in 2017-18 for the upgradation of critical safety assets with a corpus of Rs 1 trillion for five years
 "Railways spent Rs 1 trillion on renewing safety assets: Ashwini Vaishnaw")
Domestic air passenger traffic rose by 9% in November; crosses 1.27 cr
As per the data, Akasa Air topped the OTP chart at 78.2 per cent, followed by IndiGo at 77.5 per cent and Vistara at 72.8 per cent
 "Domestic air passenger traffic rose by 9% in November; crosses 1.27 cr")
India at 14th spot in housing cost rise in Jul-Sep with 5.9% growth: Report
Turkiye is at number one position with an annual 89.2 per cent appreciation, followed by Croatia (13.7 per cent), Greece 11.9 per cent, Colombia 11.2 per cent and North Macedonia 11 per cent
 "India at 14th spot in housing cost rise in Jul-Sep with 5.9% growth: Report")
India sees 25% fall in vegetable oils import to to 1.1 MT in Nov: SEA
Of the total vegetable oil imports, edible oils were 1.1 million tonnes and non-edible oils 12,498 tonnes during November 2023
 "India sees 25% fall in vegetable oils import to to 1.1 MT in Nov: SEA")
India's trade deficit fell to $20.58 billion in Nov as imports shrank 4.3%
Trade deficit: The exports, however, fell less sharply by 2.8% in November to $33.90 billion from $34.89 billion a year ago
 "India's trade deficit fell to $20.58 billion in Nov as imports shrank 4.3%")
India challenges WTO panel ruling on ICT import duties at appellate body
According to WTO rules, a WTO member or members can file a case in the Geneva-based multilateral body if they feel that a particular trade measure is against the norms of WTO
 "India challenges WTO panel ruling on ICT import duties at appellate body")
No slacking: Indians work long, are willing to put in more hours
Never mind work-life balance: this generation spends more time on the job than ever before
 "No slacking: Indians work long, are willing to put in more hours")
India to resume Venezuelan oil purchases, says Hardeep Singh Puri
India is willing to buy oil from any country that is not sanctioned, the minister added
 "India to resume Venezuelan oil purchases, says Hardeep Singh Puri")
China to run budget gap of 3% of GDP in 2024, issue special debt: Report
"The 2024 deficit ratio is set to be 3% and the insufficient part can be supplemented by special sovereign debt," one of the sources said
 "China to run budget gap of 3% of GDP in 2024, issue special debt: Report")
Millions of Chinese blacklisted for debts as loan default hits record: Rpt
As China's economy struggles to recover and unemployment remains high, the indebted population is growing, the report added
 "Millions of Chinese blacklisted for debts as loan default hits record: Rpt")
Chhattisgarh CM chairs 1st cabinet meet, promises 1.8 mn houses under PMAY
Sai took the oath of office and secrecy as the chief minister of Chhattisgarh in the presence of Prime Minister Narendra Modi on Wednesday
 "Chhattisgarh CM chairs 1st cabinet meet, promises 1.8 mn houses under PMAY")