Page 679 - Economy & Policy News

Execution of market reforms key to improve financial viability of PSP: Icra

Timely implementation of market reforms is important to improve the financial viability of pumped storage hydro project (PSP) in the country, an Icra report said on Tuesday

Downside risks weigh on GDP growth forecast, says finance ministry

Report flags El Nino conditions, rising crude prices

India's demographic dividend will remain unpaid

Throughout India's post-Independence history, only about 10 per cent of workers have received a regular monthly or weekly wage with at least one social security benefit

Banking system 'strong enough to survive' policy rate changes: FinMin study

Probability of event like Silicon Valley Bank's collapse in the US happening in India significantly less, says ministry's monthly review

Incriminating material must for any addition to taxable income: SC

The court, however, left the scope for the authorities to re-open the cases of tax violation if any incriminating evidence emerges later

Issue of GST on intermediary services to foreign clients may get resolved

However, there could be issues in claiming input tax credit by these intermediaries

India's 10-year bond yield ends at one-year low on policy pivot

Earlier this month, the Reserve Bank of India (RBI) surprised markets by holding the key lending rate steady at 6.5 per cent, going against expectations of a 25-basis point (bps) increase

ICT levy dispute at WTO: EU may opt for retaliatory tariffs on Indian goods

The EU has claimed that up to €600 million of its technology exports to India were adversely impacted annually due to India's imposition of tariffs on ICT products

Business sentiment turns buoyant in fourth quarter, says NCAER survey

However, labour market prospects for the next six months seem stagnant as the majority of firms expect no change in the labour employed

India's unabated tryst with Russian crude oil is slowly coming to an end

Russian oil now trades above the G-7 price cap, leaving India searching for creative solutions to fill the breach

India, China becoming high income countries to bring disruption: World Bank

He also highlighted the problems behind countries getting trapped, such as rising wages in the middle-income countries, results in loss of labour-intensive sectors

Govt considers bringing municipal bodies under TSA for effective funds use

The Reserve Bank of India also raised the issue in its latest report on municipal finances, citing significant data gaps and missing entries

Under the scanner: Clutch of fund houses in a spot over tax credit claims

DGGI alleges tax credit claimed on expenses was much higher than prescribed limit

Railways may have to pump in Rs 12,000 crore for freight corridor

Had sought participation of pvt players but efforts have proved inconclusive

May feel pressure on non-tariff barriers in FTA, says UK panel

As much as 60 per cent of Indian exports to the country are already tariff free, while only three per cent of UK exports to India are tariff free

No proposal to regulate finfluencers, clampdown on ponzi apps in works: FM

Regulating crypto without global consensus will not be effective, says finance minister Nirmala Sitharaman

US House to vote on Republican debt limit bill this week, says McCarthy

McCarthy floated a plan last week that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the $31.4 trillion U.S. debt limit

Growth momentum may have sustained in Q4, says FM Nirmala Sitharaman

The National Statistical Office (NSO) will release the March quarter gross domestic product (GDP) data on May 31

Navy, DRDO conduct maiden flight trial of interceptor ballistic missile

DRDO has earlier demonstrated land-based BMD systems successfully with the capability to neutralize ballistic missile threats emerging from adversaries

IMF likely to have erred on India's growth forecast, says RBI paper

Actual outcomes may surprise; India Inc profits remain healthy despite many challenges, it says