Page 581 - Economy & Policy News

FinMin tightens PMLA rules, brings partners with 10% stake under purview

The finance ministry has tightened the anti-money laundering rules by bringing in partners holding 10 per cent stake in a firm, as against 15 per cent earlier

Mohali to Manila: Rice economy faces turmoil as El Nino turns up heat

The agriculture department is coordinating with the state's irrigation and energy departments to ensure optimum supply of water and electricity

Russian supply cuts, low discounts top India's woes from soaring oil prices

That leaves Indian state oil companies caught in the crosshairs of higher oil prices, supply cuts, impending elections and growing losses

CCI issues draft norms on combinations under amended competition law

Fair trade regulator CCI has issued draft rules pertaining to value of transactions for combinations under the new competition law

Delhi Police conducts flag marches, picket checking for law & order for G20

Flag marches, enhanced patrolling and picket checking are among the measures taken by the Delhi Police to maintain law and order

ICRA revises outlook for petrochemicals to negative profitability concerns

Rating agency Icra has revised the outlook on the petrochemicals and basic chemicals industries to negative from stable due to weak demand and global supply glut

India's G20 positioning as voice for emerging economies a success: US

India-US relations will get a further boost with President Joe Biden's visit to New Delhi for the G20 Summit under India's presidency, a senior US official said here on Wednesday

Nigerian Ministers call for higher investments, closer ties with India

Nigerian President Bola Ahmed Tinubu discussed potential incentives for Indian industrialists at business roundtable

G20 aims to triple renewables by 2030, gives caveat to fossil fuels

A spokesperson for India's renewable energy ministry declined to comment on the talks

EPFO issues fresh guidelines for granting exemption to establishments

The new procedure contains direction for the establishments, regional offices, zonal offices and head office

Acharya's wish: RBI needs to deliver 4% retail inflation year after year

Reminds analysts, bond markets that inflation target is 4% and not 6%

Top palm oil buyers expects 26% increase in imports to record 10 MT

Higher purchases by the world's biggest importer of palm oil could help to lower inventories in top producing Indonesia and Malaysia and support benchmark futures

Govt clears Rs 3,760 cr viability gap fund to enhance battery storage

The entire Rs 3,760 crore viability gap funding will be borne by the central government, the minister said while briefing media about the Cabinet decisions

Odisha notifies PPP policy to attract private investment in public infra

The new policy notified by the state Finance Department will be applicable to all infrastructure projects including roads, bridges, ports, railways, airports, irrigation

Tea exports declines by 0.81% to 96.49 million kg during first half of 2023

Exports from North India, comprising mainly Assam and North Bengal, marginally increased to 59.16 million kg compared with 59.09 million kg in the year-ago period, Indian Tea Association said

India seeks additional natural gas volumes to boost power generation

The power ministry is advising states to expedite commissioning of all new power plants and operate gas-fired plants at full capacity, the note said

Supreme Court stays Karnataka HC order on Gameskraft tax evasion case

The high court had quashed the Directorate General of GST Intelligence's order alleging tax evasion of Rs 21,000 crore in May this year

Average time taken for issuing I-T refunds reduced to 10 days in FY24: CBDT

CBDT stated that the tax department's efforts to deliver seamless and expedited taxpayer services are being continuously strengthened

Trade pacts with G20 member countries can help India boost exports: CII

He also said that focusing on collaborations and partnerships in digital technology, IT services, and e-commerce with G20 nations can lead to increased exports and foreign investment

India's gift to G20: Leveraging 'soft power and civilisational heritage'

Whether it's Punjab's Phulkari embroidery, West Bengal's Kantha stitchwork, or Madhubani painting from Bihar, G20 nations' leaders, delegates attending summit will be able to purchase many such items