Page 613 - Economy & Policy News

India receives 'overwhelming support' to include Africa as a G20 member

Explaining India's argument in support of granting Africa a membership in the G20, the official said this is an effort towards creating an inclusive world

Centre imposes import restrictions on certain gold jewellery, articles

The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut import of non-essential items

28% GST on online gaming big blow to $1 trn digital economy target: IAMAI

GST Council's decision to levy a 28 per cent tax on online gaming is a huge blow to India's goal to become a USD 1 trillion digital economy by 2025, industry body IAMAI said on Wednesday

India's outward FDI shrinks by half YoY in June 2023, shows RBI data

The outward FDI expressed as total financial commitment has three components - equity, loan and guarantees issued.

Only 21 tonnes mobilised under gold monetisation scheme in 8 years

Gold loan market expected to shift to organised sector: WGC report

India's inflation higher than Russia and China, projected to ease

Inflation in advanced economies is expected to remain above target levels, according to IMF

Aftershocks or warning signs: Gaming firms on thin ice, slim margins

However, Dhruv Garg, a technology lawyer and head of the All India Gaming Federation, is of the view that smaller firms stand to be impacted the most

Retail inflation rises to 3-month high; industrial output inches up

Core inflation, which excludes volatile food and fuel items, hovered around 5 per cent due to a slight deceleration in price rise of services

Looking for consensus on road to third upcoming G20 finance track

The third finance track meeting is the last one, before the leaders' summit to be held in New Delhi in September

Petroleum products dominate trade between India, France, shows data

France's share in India's total FDI remains modest

India, EFTA agree for early conclusion of talks for free trade agreement

India and the four-nation bloc EFTA have agreed for early conclusion of negotiations for a free trade agreement, which aims at increasing economic ties between the countries, commerce ministry said

Release wheat, tur dal to cool prices, Tamil Nadu govt tells Centre

Tamil Nadu government on Wednesday urged the Centre to allot 10,000 MT each of wheat and tur dal per month from the central stock so that these could be sold through cooperative outlets to cool prices

Waiver for rare disease drugs brings little relief: Pharma sector

Industry bats for extending exemption to drugs that are already commercially available in India

Vaishnaw wants India Mobile Congress to become country's premier tech event

The minister added that there should be five or six partner nations given that India is trying to become a major exporter in the telecom sector

US inflation decelerates to 3%, core CPI rises less than forecast

The consumer price index rose 3% last month from a year ago, according to data out Wednesday from the Bureau of Labor Statistics. From May, it advanced 0.2%

Holding shares in firms' subsidiaries exempted, clarifies GST Council

The clarification came amid GST officers sending notices to both Indian and foreign companies, demanding tax on share capital held in their subsidiaries at 18%

CPI-based inflation rose to 4.81%, food inflation to 4.49% in June

The IIP growth rate for the month of May came at 5.2%, according to the government release

28% GST an opportunity for gaming companies to compete: Gamezop co-founder

Gaurav Agarwal, co-founder of Gamezop, said those firms that are able to adapt faster will 'emerge victorious'

Sebi to tweak 'fit & proper' regime for bourses, clearing corporations

Segregation between individuals and entity; At present, disqualification of a key person could have bearing on the stock exchange's or clearing corporation's status

PwC India ties up with Zoho to drive digital transformation of firms

The PwC India- Zoho partnership "will accelerate their digital transformation journey" of medium to large enterprises in the country, PwC India said