Page 488 - Economy & Policy News

The tradeoffs of waste taxation

Policymakers have been grappling to understand the implicit micro-foundations along with behavioral idiosyncrasies of waste regulation and designing the appropriate fiscal instruments for the same

Indian goods worth $3.7 billion entering Oman to get boost by FTA: GTRI

India and Oman are negotiating a comprehensive economic partnership agreement (CEPA), under which the two countries could significantly reduce or eliminate customs duties

Manufacturing sector lags despite over 13% growth in GVA in Q2FY24

Though this was higher than 12.9% in the first quarter, it was nowhere close to 25% that the Modi government wants it to be

States' gross fiscal deficit below Budget Estimate for a 2nd yr: RBI report

The implementation of goods and services tax (GST) has led to increased tax buoyancy for the states," the report said

Govt to stick to Rs 34 trillion tax collection goal in revised estimate

For 2023-24 (April-March), the Union Budget had pegged total tax collections at Rs 33.61 trillion, up 10.1 per cent from Rs 30.54 lakh crore in the previous year

India's domestic aviation capacity soars beyond pre-pandemic level

The top 20 domestic markets, according to OAG, account for 88 per cent of the global domestic travel capacity with nine countries now reaching 2019 levels once again

Ahead of India-Asean FTA review: Industry flags spike in import of 38 items

Import of as many as 38 items from Asean members sees a sharp surge in H1FY24

Union minister Piyush Goyal to chair Board of Trade meeting on Dec 17

It provides a platform for state governments and union territories to give their perspective on trade policy, and also to the government for apprising them about developments affecting India

Input tax refunds under GST: 'HC's IndianOil ruling to benefit all firms'

The court has instructed the authorities to process the input tax refund sought by IndianOil despite the tax rate on its principal input and principal output being the same

Inflation now stable, temporary rises due to demand-supply mismatches: FM

The minister said retail inflation in India has been mostly within acceptable limits after the notification of the inflation tolerance band in 2016

Street remains optimistic about further gains in oil-marketing companies

The Organization of the Petroleum Exporting Countries (Opec) and Opec+ agreed to a further voluntary production cut in January-March 2024 to try and support global crude prices

LIC gets demand order for GST collection worth Rs 183 cr from Telangana

LIC added that the monetary penalty will not have an impact on the financials of the corporation

'India planning to move from WPI to PPI in future like most G20 nations'

PPI globally tracks price movements in both goods and services. "Initially PPI in India will only include goods," the NSC official said

Investment by EPFO in ETFs crosses Rs 2.5 trillion: Rameswar Teli to LS

The body had invested Rs 14,983 crore in ETFs in 2016-17, Rs 24,790 crore in 2017-18, Rs 27,974 crore in 2018-19, Rs 31,501 crore in 2019-20, and Rs 32,071 crore in 2020-21, according to the reply

India's GDP growth may slow down to 6.5% in FY25: Axis Bank report

Mishra also said that the Reserve Bank is unlikely to cut its repo rate through the calendar year 2024 due to volatile food inflation

Rajasthan trade body eyes business opportunities in the Asean region

ARTIA's chief advisor Kamal Kandoi said that Asean countries are attracting the entire world because of their enormous business possibilities

India's potential economic growth rate likely now at 7%, estimates Axis

An economy that's growing faster than its potential would generally result in bottlenecks in supply, causing inflation to accelerate and putting pressure on the central bank to hike interest rates

Loans worth Rs 9,790 crore disbursed to under PM SVANidhi scheme: Govt

The scheme was launched during the COVID-19 outbreak as a micro-credit scheme for urban street vendors that aims to provide collateral-free working capital loans up to Rs 50,000

India's bio-economy grew from $10 bn to $80 bn in 8 years: Mandaviya

Mandaviya said India is currently among the top 12 destinations for biotechnology in the world with approximately three per cent share in the global biotechnology industry

GST evasion of Rs 345 cr detected against lottery distributors till Nov '23

Under income tax law, a 30% TDS is to be levied on winnings from lotteries, game shows, card games, online games provided the earnings exceed Rs 10,000 in a fiscal