Page 618 - Economy & Policy News

GST Council meet: Ways to deal with tax credit mismatch on agenda

Cases to be scrutinised if tax credit mismatch is over 20%

Rationalise tariff on mobile parts to encourage other countries: Industry

Vietnam's weighted average tariff, taking into consideration its sprawling FTAs with countries, is a mere 1.1 per cent against India's 7 per cent

Tomato price surge could throw inflation trajectory off balance: RBI study

Wholesale tomato prices crossed Rs 150 per kilogram in markets last week. A few weeks ago, tomatoes were being sold at Rs 15 to 20 per kg

Finance ministry asks PSBs to be wary of competition in deposits segment

Directive comes after the recent merger of HDFC Ltd with HDFC Bank

India has highest general barriers of any large economy: US Ambassador

US Ambassador pitches for fewer barriers between the two nations

PM Narendra Modi's France visit: Closer ties on space and defence

France may play a bigger part in India's planned human spaceflight mission

Mission Hydrogen: Gujarat, Tamil Nadu ports to develop green fuel hubs

The Centre also aims to have two Indian ships that will be powered by green hydrogen or its derivative fuels by 2027

India poised for more durable growth than ever, says finance ministry

Annual Economic Review 2022-23 warns of geopolitical stress, El Niño fears, modest FDI inflows

Rupee slips to 1-month low on hints of Federal Reserve interest rate hikes

As exporters took measures to protect their receivables, forward premiums declined from a recent peak of 1.87 per cent to 1.60 per cent, dealers said

GST Council may exempt IGST on cancer drug import at next meeting

GST Council likely to fix 5% tax on refreshments served in multiplex

FM Nirmala Sitharaman to soon review performance of Regional Rural Banks

Finance minister Nirmala Sitharaman is likely to meet heads of Regional Rural Banks (RRBs) and review their performance soon, sources said

CBDT to keep close tabs on IVF clinics, hotels, others to add new filers

According to the I-T department, there is inadequate matching of transactions with the returns filed by individuals

Top Headlines: RBI's path to internationalise rupee, data protection bill

Business Standard brings you the top headlines at this hour

GST Council to discuss tax valuation norms on online gaming on July 11

The council is also likely to thrash out a consensus on whether the tax would be levied on the full value of bets placed or on the Gross Gaming Revenue (GGR)

Staff alertness could have averted Odisha triple train accident: Probe

While the official responsibility by the CRS has been pinned on the signalling staff, the probe also found several systemic issues, which, if corrected in time, could have averted the accident

RBI cancels licenses of two co-operative banks in Maharashtra, Karnataka

The two co-operative banks ceased to carry on banking business with effect from the close of business on Wednesday, RBI said in two separate statements

India can also put trade barriers in retaliation to restrictions: RK Singh

India can also put trade barriers in retaliation to restrictions imposed by some countries, Union Minister R K Singh said on Wednesday

GST Council to discuss scope of budgetary support for units in hilly states

The 50th GST Council meeting is scheduled to take place on July 11 in New Delhi

Indian middle class will nearly double to 61% by 2046-47: PRICE Report

The strength of the middle class is expected to rise from 432 million people in 2020-21 to 715 million (47 per cent) in 2030-31 to 1.02 billion of India's projected population of 1.66 billion in 2047

RBI panel charts path to internationalise rupee, reduce dollar dependency

Capital account convertibility is not a pre-condition for internationalisation of rupee