Page 665 - Economy & Policy News

CA, company secys fret over increased compliance burden under new PMLA

Transactions carried out by practising CAs, CSes, and CMAs on behalf of their clients under the scope of PMLA

Retail inflation eases to 4.7% in April; March IIP falls sharply to 1.1%

The food inflation also eased to 3.84% in April

Rajasthan govt to spend Rs 180 crore to promote small biz, generate jobs

The scheme was officially launched in December 2019, and so far hundreds have availed of the benefit of the scheme

Vegetable oil imports up 21% to 8.1 MT in 6 months: Industry body SEA

Vegetable oil imports up by 21% to 81.10 lakh tonnes in first six months of the current oil year, driven by increased shipments of refined palm oil which is a cause of concern, industry body SEA

India's April palm oil imports slump 30% to 14-mth low as preference shifts

Sunoil imports in April surged 68% from a month ago to 249,122 00 tonnes, while soyoil imports edged up 1.4% to 262,455 tonnes

Centre announces $2 bn investment in Mohali's Semiconductor Laboratory

Around 27 startups have emerged in the country's semiconductor industry in recent years, said Union Minister Rajeev Chandrasekhar

Digital India's two realities: A yawning gap between tech use & tech skills

Lack of tech skills in Indian youth a worry as labour markets brace for a tech-driven churn

For the foreseeable future, diesel is likely to drive India's economy

With demand soaring on the back of faster economic growth, the country's transport ecosystem will find it tough to transition from fuel anytime soon

CBIC rolls out module for automated scrutiny of GST returns: FinMin

In the module, discrepancies on account of risks associated with a return are displayed to the tax officers

Huge potential to increase eco ties between India,Canada: Piyush Goyal

World Food India show in November 2023 can serve as the platform that can showcase the best of India and collaborate with businesses across the world, the minister said

Govt close to finalising e-commerce policy: DPIIT secy Rajesh Kumar Singh

"E-commerce rules and e-commerce policy will be congruent with each other... That exercise is at a fairly advanced stage," Singh told reporters

MeitY likely to announce financial support for design start-ups on Friday

The government has so far on-boarded 23 start-ups under the semiconductor DLI scheme

CBIC rolls out module for automated scrutiny of GST returns of taxpayers

The Central Board of Indirect Taxes and Customs (CBIC) has rolled out a module for automated scrutiny of GST returns

EPFO issues circular for subscribers to calculate dues and interest rates

This transfer will happen once the application form for higher pension is accepted by the social security organisation

Singapore & India looking at new growth drivers to propel ties: Kumaran

India, Singapore looking at new growth drivers to propel their relationship for the next decade, Indian High Commissioner to Singapore P Kumaran said on Thursday

WTO ruling on IT products: Govt seeks to address trade bloc's tariff worry

Issue to be taken up next week's India-EU Trade & Tech Council meet

Indo-Israel trade to touch $10 bn; FTA to strengthen cooperation: Officials

Indo-Israel trade will grow to USD 10 billion this year and a free trade agreement (FTA) is essential to strengthen the economic relations, visiting officials from the Jewish country said on Thursday

GST e-invoicing must for businesses with turnover of Rs 5 crore or more

Lowering of e-invoicing threshold will extend the digital application to the MSME sector and benefit the business ecosystem by reducing costs, rationalising errors, and processing invoices quicker

India's vulnerability to global shocks to reduce in FY24: CRISIL

Domestic banking insulated from global financial turmoil and better positioned to tackle rising interest rates

Cash crunch pushing up funding costs in India deterring more RBI hikes

The weighted average call rate, an overnight funding cost rate the central bank monitors, was at 6.78% on Wednesday, above the upper band of the Reserve Bank of India's interest rate corridor, of 6.75