Page 657 - Economy & Policy News

Day 1 of Rs 2,000 currency note exchange: Banks wait, customers await

Banks differ on procedure to exchange withdrawn currency

Smart Cities-the real incubators of the new urban India, says Hardeep Puri

During a parliamentary consultative committee, Minister of Housing and Urban Affairs updated on the progress of the 100 Smart Cities Mission, here's how we are doing so far

Post offices barred from exchanging Rs 2,000 notes, can accept deposits

Exchange facility is available only at banks. Customers can make deposits since the Rs 2,000 note is legal tender," said a top banking industry source

GDP over $3.5 trn in 2022, India fastest-growing G20 economy: Moody's

In a research report, the US-based rating agency said bureaucracy could slow approval processes in obtaining licences and setting up businesses, prolonging project gestation

First climate development financial institution runs into FinMin roadblock

Ministry ready to offer provisions to ease global climate funding

Digital India Act's draft to be open for discussion by June 7: IT Minister

The government aims to achieve the goal of a digital economy to cross $1 trillion by 2025-26

From Bangladesh to Sri Lanka, India's neighbours mired in economic crises

Some are discovering the virtues of deeper integration with the country

Flexi staffing industry witnesses 14% of growth in new jobs in FY23

Flexi staffing industry logged 14 per cent growth in new jobs in the country in 2022-23, Indian Flexi Staffing Federation (IFS) said on Tuesday

When does India declare drought and how is it linked to the monsoon

Here's a lowdown on the process of determining drought as India braces for the southwest monsoon after four surplus-rainfall years

Palm oil import in May to hit 27-mnth low, traders switch to soy, sunflower

The surprising drop in palm oil imports by India, the world's biggest importer of vegetable oils, could bring down palm oil prices

Refinery rejig: Why is India steadily raising petrochemicals capacity

Estimates for the sector are bullish for a decade but it is not an easy business to run, say experts

Core inflation still remains elevated, may not fall below 5% in FY24

The core inflation has remained stuck in the range of 5-6.6 per cent for over two years

With Adani, Agarwal under scrutiny, India's privatisation drive stalled

Of three dozen companies originally identified for sale, officials are now left with a list of just 17 - 10 unlisted and 7 listed - largely because of legal and insolvency issues.

Govt reduces FAME-II subsidy on electric two-wheelers from June 1

The government has reduced the subsidy provided under FAME-II (Faster Adoption of Manufacturing of Electric Vehicles in India) scheme applicable on electric two-wheelers registered on or after June 1

TDS rules: Online gaming bonus, incentives taxable if withdrawn, says CBDT

Issues clarification on TDS provisions on online gaming

Centre to finance almost 30% of green shipping projects in the country

Decision taken at shipping ministry's annual chintan shivir

Call rates, bond yields ease on expectations of improved liquidity

Yield on 10-year government bond closes below 7%

April macroeconomic data shows strong start to FY24: Finance Ministry

The report stated that inflationary pressures across countries are waning with commodity prices easing in the current year following weakened prospects for global demand and improving supply chains

Income tax department to monitor advance tax payments by companies

The idea is to both widen and deepen tax bases, according to two official in the know

Petrol sales: 90% via Rs 2,000 notes, 10% digital, say pump dealers

Pump dealers say customers using Rs 2K notes to make small purchases of Rs 100 & Rs 200 and asking for return in change