Page 530 - Economy & Policy News

Govt hikes wheat MSP by Rs 150 per quintal to Rs 2,275 for 2024-25

This is the highest increase by the Narendra Modi-led government since it came to power in 2014

Immense possibilities of investment in U'khand: CM Dhami at Dubai summit

Dhami during his address spoke about the immense possibilities of investment in Uttarakhand, said the official statement

Hopes of sealing India-UK trade deal this month may be fading: Report

Cricket fan Sunak's proposed return visit to India after an inaugural visit as UK Prime Minister to New Delhi for the G20 Summit last month is looking very, very unlikely to happen

Polished diamonds have gotten cheaper by 15%: Why this trend may continue

High inventory amid falling prices to impact profitability; lab grown diamonds pose threat

No decision yet on India joining trade pillar of IPEF, says official

The framework is structured around four pillars relating to trade, supply chains, clean economy, and fair economy (issues like tax and anti-corruption)

Here's why India's war on informal labour is bad for its workers

Where the survey shows some progress is that, among regular wage earners, more people now have work contracts than two years ago

India to spend Rs 143 trillion in infrastructure by 2030, says Crisil

Green investments will also see a five-fold rise from the past seven years to Rs 36.6 trillion

Govt cuts windfall tax on petroleum crude, will be effective from Oct 18

The government also cut windfall tax on aviation turbine fuel to 1 rupee per litre from 3.50 rupees per litre and reduced windfall tax on diesel to 4 rupees per litre from 5 rupees per litre

India arms of 1,000 MNCs asked to pay GST on expat salaries, allowances

Tax demands for 18% GST range from Rs 1 crore to Rs 150 crore

India is high on list for prestige beauty brands: Shiseido Apac CEO

The market is better placed now with organised retail, which provides accessibility and reach

Supreme Court ruling on telcos may be a one-time hit, say analysts

Say I-T demand for shortfall in taxes for the prior period, along with applicable penalties, is likely

Centre grants 30-day non-productivity linked bonus to employees for FY23

Finance ministry sets monthly emolument ceiling at Rs 7,000 for ad-hoc bonus calculation

PLI scheme effect? Bulk drug imports from China slow, shows data

Experts say scheme to boost local manufacturing will take 5-7 years to show tangible results

India to land man on Moon by 2040, set up space station by 2035: PM Modi

Private sector players see huge business opportunity through joint ecosystem with ISRO

Imported food item for re-export doesn't need clearance, says FSSAI

The FSSAI advisory should also come as a big relief in ease of doing business

Semiconductor, deep tech to be in focus at the India Mobile Congress

With 250+ global and domestic exhibitors, the 7th edition of the event is expected to draw more than 1 lakh visitors this year

Skill ministry launches IndiaSkills 2023-24, to target 2.5 mn participants

India Skills is the precursor to the WorldSkills competition, as the participants who excel in India Skills at national level will participate in global event next year, scheduled to be held in Paris

Russian oil freight rates jump by 50% as US boosts scrutiny of price cap

G7 imposed sanctions in last Dec prohibiting shippers or insurers domiciled in member countries from offering services to facilitate Russian oil exports when the price is above $60 a barrel

States on course to spend 29% more in capex this fiscal: ICRA report

The increased capex spending will see their debt-level in relation to their gross domestic product rising to 30 per cent from 28.9 per cent in FY23, a report by Icra Ratings said

India's defence exports cross Rs 6,000 crore in FY24, shows DDP data

Total defence exports over the last five years has now crossed Rs 52,000 crore