Page 673 - Economy & Policy News

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

India's growth cannot be built on Chinese efficiency, says Jaishankar

Indian economic growth cannot be built on Chinese efficiency and there is a need for businesses to stop looking for a 'China fix', External Affairs Minister S Jaishankar said

Govt's wheat procurement up 42% at 25.2 mn tonness so far in 2023-24

The government's wheat procurement has reached 25.2 million tonnes so far in the ongoing 2023-24 marketing year, up 42 per cent from the year-ago period, according to the Food Ministry

India-UK FTA negotiations conclude with 'detailed' policy discussions

The tenth round of negotiations is due to take place in the coming months, it added

Govt plans green fuel port usage, bunkering in net-zero target push

The ministry will also push for data monitoring based on environmental performance indicators

Shell firms under scanner of tax authorities over fake ITC claims

A special drive starting May 16 to weed out bogus GST invoices

FMCG volume growth returns in January-March quarter, shows NIQ data

In its forecast, NIQQ said that despite global uncertainties, India's FMCG market forecasted growth is at 7%-9% for full year 2023

Govt to start random checks on EVs after recent lapses under FAME II scheme

The checks will be conducted by the Automotive Research Association of India