Page 667 - Economy & Policy News

Apex court verdict on pre-import conditions gives relief to exporters

Any claim for refund/credit shall be examined on its merits and on a case-by-case basis: SC

Centre asks industry to be ready for EU carbon tax, vows smooth transition

The carbon tax aims to impose a tax on goods imported into the EU from regions where production-stage carbon emissions are higher than those allowed by the mechanism's rules

Goods transport agencies have time till May 31 to opt for GST payment: Govt

In an amendment to the GST Act, the finance ministry in May said "the option for the Financial Year 2023-2024 (by a GTA) shall be exercised on or before the 31st May"

India suppliers to help us export $10 bn worth goods by 2027: Walmart CEO

India's ecosystem of suppliers will help drive Walmart's goal of exporting goods worth $10 billion annually from the country by 2027, the company's President and CEO Doug McMillon said on Wednesday

Inflation likely to hit 18-month low in April as price rise moderates: Poll

Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month

Silicon Valley outreach: India best destination, says Vaishnaw to chip cos

Over three days, he will showcase India as a manufacturing hub

New advertisement code makes registered investment advisors see red

RIAs cry foul over disparity as finfluencers don't have to bear additional costs or regulatory compliance

Multilateral banks not fit for purpose in 21st century: Singh & Summers

The two men have been tasked by G-20 (headed by India this year) to be in charge of an expert group to formulate a detailed plan for reforms in multilateral institutions

India's strategically important Sittwe Port in Myanmar begins operations

Multi-modal project to slash northeast logistics costs and time in half, says minister

India pressing EU for recognition of carbon certificates for MSMEs

India is pressing EU for mutual recognition agreement for carbon certificates, exempt MSMEs in certain sectors to insulate domestic industry from burden of EU's carbon tax, a government official said

Demand for commercial property in India robust, US, Europe struggle

The unabated interest hikes by the Federal Reserve of the United States have resulted in a situation where cheap money is no more available

Money for mining the seas: India considers political and financial risks

Legislative reform could create the environment for investments at a scale the government can hardly provide

Give details of tech, R&D proposals to expert group: Cab sec to ministries

Ministries must also share details on whether the technology being procured is the latest in its field and provide justifications if that is not the case

Commerce ministry recommends anti-dumping duty on imported optical fibre

The recommendations imply to imports of a certain type of optical fibres from China, Korea and Indonesia to protect the domestic industry from cheap inbound shipments

Social security schemes safeguard underprivileged financially: Sitharaman

The three schemes, PMSBY, PMJJBY, and APY, are dedicated to the welfare of the citizens, recognising the need for securing human life from unforeseen eventualisation and financial uncertainties

Direct tax buoyancy again falls sub-2% in 2022-23

It should be noted that direct tax collection figures are still provisional and GDP figures are on the basis of second advance estimates for 2022-23. The actual figures may change the outcome slightly

Centre to come up with creditor-led insolvency resolution framework: Report

The creditors and debtors will be allowed to reach an informal agreement to resolve the bankruptcy case and later approach the NCLT to admit cases

Fitch affirms India's sovereign rating at 'BBB-' on robust growth outlook

Weak spots: High deficit, lagging governance indicators, lack of sustained debt reduction

India frets over US proposal seeking advance tariff notices at IPEF

Fears reduction in policy elbow room; wants industry's views

India's diesel sales soar, overall fuel consumption eases in April

Consumption was down to about 18.41 million tonnes from 18.45 million a year ago