Page 626 - Economy & Policy News

Very optimistic about FTA with India, says UK Investment Minister

An India-UK (FTA) is really important for both nations and it is for businesses on both sides to help drive that agenda, UK Minister for Investment Lord Dominic Johnson said in London on Tuesday

Income tax department keeps tolerance range intact for transfer pricing

"It would have been worthwhile if the said range could have been revisited and reviewed," Amit Maheshwari, tax partner at AKM said

India's current account deficit narrows to 0.2% of GDP in Q4 FY23

For FY23, it widens to 2% of GDP against 1.2% in FY22

Transactions on GeM portal cross Rs 50,000 crore in first quarter

Provision of penal interest on delayed payments to start from July

Net profit of manufacturing and IT sector moderates in 2022-23, shows data

The net profit margin of the manufacturing sector declined to 8.7 percent in 2022-23, against 10.6 percent in 2021-22

Sagar Samajik Sahayog: New CSR guidelines for ports in India unveiled

Ports in India will need allocate a specific percentage of their annual turnover for their corporate social responsibility projects

Need to raise MSMEs contribution for India to be 3rd largest economy: Rane

According to the Udyam Registration Portal, 97 per cent of the MSMEs registered are micro units

Banks seek clarification from govt before TCS on credit cards kicks in

Banks are particularly concerned about use of several cards and bank accounts to make a simple remittance

Govt fears European Union's draft due diligence law may hit small biz

European Union's law is still at the initial draft stage

Footfall at India's top monuments still a far cry from pre-pandemic peak

Domestic visitors to top 5 sites 11-33% lower in FY23 than in FY19, foreign arrivals see 50-80% dip

Milk shortage was created and no crisis anywhere: Parshottam Rupala

Briefing the media on the Modi government's achievements during the last nine years, Rupala said the sector is likely to grow at 7 per cent in 2023-24 against over 6 per cent in 2022-23

Coal Ministry receives 35 bids under 7th tranche of coal mines auction

According to the ministry, a total of 35 offline bids have been received for 18 coal mines and two or more bids have been received for seven mines

Centre extends deadline for ethanol projects by six months to Sept 30

Many loan proponents failed to meet earlier deadline of March 31 due to challenges in processing applications and coordination with mutiple agencies

Centre's Svamitva scheme spawns infrastructure for accurate map making

The concluding part of the series on Svamitva looks at CORS, a network of GPS-enabled stations for creating maps in quick time

Spike in tomato prices temporary, it will cool down: Govt official

According to the data maintained by the Department of Consumer Affairs, the average price of tomato on an all-India basis is Rs 46 per kg on June 27

World MSME Day: Sector reforming to overcome logistic, tech hurdles

On International MSME Day 2023, here's a look at the challenges the sector faces and how it is overcoming them

Vegetable prices go up due to inadequate rains, soaring temperature

According to vegetable traders in the KR Market here, the primary reason behind the price rise is the inadequate rains in the state this time

Tier-2 city consumers spend 16% of income shopping online: CMR study

86% of consumers rely on influencers' or publishers' reviews to make their purchase decisions. Notably, males appear to follow influencers more diligently (90%) than females (80%)

Govt to sell tur dal from buffer stocks to millers for augmenting supply

The quantities being auctioned and the frequency will be calibrated on the basis of the assessed impact of the disposal on the availability of tur to consumers at affordable prices

Futures ban hurts farm produce firms using exchange platform to hedge risks

Companies say farmers have lost an important and certain source of income because of the suspension