Page 556 - Economy & Policy News

Adman Piyush Pandey to step down, transition into advisory role at Ogilvy

The 41-year-long association between Pandey and Ogilvy began in 1982 when he started his career as a client servicing executive

Showcause to egaming companies in line with legal provisions: CBIC

Parliament last month passed amendments to the Central GST and Integrated GST laws to give effect to the Council's decision

MNRE issues tender for construction of India's first offshore wind projects

Offers seven locations off TN coast; cumulative capacity at 7 GW

Exporters seek more sops for value-added products under Rodtep scheme

Say current structure provides higher refund rates on lesser value-added goods

Govt approves 18 R&D projects of technical textiles worth Rs 46.74 crore

The cleared projects include those under key strategic areas of Geotech, Protech, Indutech, Sustainable Textiles, Sportech, Smart E-Textiles and Meditech segments

Rice export ban a regulation, safeguards food security: India to WTO

This was stated by India in response to concerns raised by a group of countries including the US during a meeting of the WTO's Committee on Agriculture in Geneva on September 27

Centre extends RoDTEP scheme till June 30 amid faltering exports

The RoDTEP scheme, which refunds the embedded non-creditable central, state, and local levies paid on inputs to exporters, was due to expire on September 30

India retains its 40th position in the Global Innovation Index 2023

The index by the World Intellectual Property Organisation (WIPO) was released on Thursday and ranked 132 economies on the Innovation index

Higher compliance has boosted monthly GST collections: CBIC chief

Agarwal said the government is taking all possible measures to encourage tax compliance and dissuade fraudsters from entering the GST system

Higher 20% TCS on overseas remittances, foreign tour kicks in from Oct 1

Currently, LRS transfers up to Rs 7 lakh in a fiscal do not attract any TCS. The same provision will continue from October 1

Global food, beverage market shrinking since start of year: Nestle

Large consumer goods companies have grown sales through sharp price rises in recent quarters, and many have suffered declines in volumes

India acts to eliminate trans-fatty acids from national food supplies: WHO

One in four adults in the region has raised blood pressure, while one in ten has diabetes, and less than 15 per cent are on effective treatment coverage

Fresh Canada investments in Indian renewable firms may slow down: Bernstein

Brookfield, another Canadian firm eyeing the Indian market, has an existing 4 GW portfolio. The company has invested $1 billion in Avaada Energy and $361 million in CleanMax

Housing sales touch all-time high in Q3, Hyderabad sees biggest price jump

Mumbai Metropolitan Region ( MMR) accounted for the highest sales with 38,500 units, followed by Pune with 22,880 units. Together the two western cities accounted for 51% of total sales in Q3 2023.

Can't block ITC for GST on obligatory transport for women employees: AAR

Authority's ruling in Tamil Nadu would hold precedence in states where employers are obliged to drop women staff at specific hours, say experts

Current account deficit widens to 1.1% of GDP during Q1FY24: RBI

The deficit was $17.9 billion, or 2.1% of GDP, in the first quarter a year ago, the Reserve Bank of India's release showed

Regret Indonesia's decision to ban e-commerce sales on social media: TikTok

Indonesia banned goods transactions on social media platforms such as TikTok in a bid to protect small businesses from e-commerce competition, accusing them of predatory pricing

New GST rules to tighten compliance for foreign digital service providers

They will have to pay 18 per cent GST regardless of the purpose

India's diamond firms in the rough as global trade sanctions mount

As Ukraine lists Indian diamond major on its list of "international war sponsors," diamantaires back home fear loss of livelihood, and rising unemployment

US, UK, Bangladesh leading source countries for India's FTAs in 2022: Data

The data was shared by the Ministry of Tourism in a statement on the occasion of World Tourism Day on Wednesday