Page 601 - Economy & Policy News

NTPC, Hindalco, Bajrang Power, Ispat bag coal mines in 7th auction round

The mines will attract capital investment of Rs 600 crore and will provide employment to 5,408 people," the ministry said

As tensions flare, Gurugram exercises caution; companies mandate WFH

Tensions started flaring on 31 July, after five people were killed in clashes that broke out during a religious procession in Nuh, Haryana

Data protection bill to be tabled in parliament, experts ask for discussion

Every digital platform may need to take consent from users before collecting any digital personal data, along with an itemised notice for the same

28% GST on online gaming stays, to be reviewed after 6 months of roll-out

The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1

Cabinet approves PLI scheme worth Rs 1.97 trillion for 14 sectors

The PLI scheme is further expected to have a cascading effect on the country's MSME ecosystem

Govt says retail wheat and rice prices firm again increased in July

The minister said the government has taken various steps from time to time to augment domestic availability and stabilize the prices of essential food commodities

Formula E race in India made economic impact of nearly Rs 700 cr: Report

Formula E's first-ever race in India, held in February earlier this year, made an economic impact of nearly Rs 700 crore, according to a report

P-note investments touch over 5-yr high of Rs 1.13 trn at June-end

Driven by stable macroeconomic fundamentals, investment in the Indian capital markets through participatory notes rose to Rs 1.13 lakh crore in June-end

Govt launches Vivad se Vishwas-2 scheme to settle contractual disputes

The one-time settlement scheme will cover cases where the court order was passed by 30 April 2023, and the arbitral order was given by 30 January 2023

India's July edible oil imports hit record at 1.76 mn metric tonnes

India's average monthly edible oil imports in 2021/22 marketing year were 1.17 mn tonnes, trade body SEA said. In June, India imported 1.3 million tonnes of edible oils

India's overall unemployment rate falls in July due to farm demand

The total joblessness rate fell to 7.95% in July, from 8.45% in June, according to data released by private forecaster Centre for Monitoring Indian Economy

Tomato prices spike on tight supply, Mother Dairy selling at Rs 259/kg

With central govt's intervention through sale of tomatoes at a subsidised rate since July 14, retail prices in Delhi had begun softening recently but have again firmed up due to short supply

ISMA pegs sugar output lower by 3.41% at 31.68 mn tons in 2023-24 season

The country's sugar production is pegged lower by 3.41 per cent to 316.80 lakh tonnes in the new season that will begin from October 2023, due to more diversion of cane

Rice supply faces new threat as Thailand urges crop curbs to save water

Farmers in the key central region have already planted most of their rice but the government is encouraging a switch to other crops that need less water

12th round of India, UK free trade agreement talks to begin from August 7

The main issues which could come up for discussions in this round include investment treaty, reduction of duties on auto and whiskey and matters pertaining to services, the official said

Major global firms warn of slow China sales as post-pandemic surge fades

Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce

GST Council meeting: Delhi FM Atishi to raise issue of tax on online gaming

Ahead of the GST Council meeting, Delhi Finance Minister Atishi on Wednesday sought reconsideration of the decision to levy 28 per cent tax on online gaming.

Oil & Gas, real estate, AI, Hospitality, auto see hiring spree in July

India's IT sector saw the biggest drop in new jobs with a 46 per cent decline in July compared to the year-ago period, according to a report.

India may let Tesla's Chinese vendors to make critical components in India

To facilitate EV manufacturing in India, the government could also provide some concessions for the import of Tesla's critical parts

GST mop-up rises 11% to Rs 1.65 trn in July on sustained economic momentum

Tops Rs 1.6 trn for 5th time on sustained economic momentum, anti-evasion steps