Page 693 - Economy & Policy News

Lok Sabha approves setting up of GST Appellate Tribunal to solve disputes

Currently, taxpayers are filing writ petitions before high courts in the absence of the appellate tribunal

The agenda: G20 meet to focus on fair, transparent, and inclusive trade

The meeting will focus on all the areas barring WTO-related matters that will be taken up at a later stage

Finance Bill 2023: Govt to scrap LTCG tax benefits on debt mutual funds

Lok Sabha passes Finance Bill with 64 amendments

Finance Bill 2023: STT hike on F&O likely to make a dent in volumes

Sebi study for FY22 had shown that 9 out of 10 F&O traders had incurred losses

Apple Inc supplier Pegatron in talks to open second India factory: Reports

Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million

Bad in law: SC on its 2011 verdicts on membership of banned outfits

The bench said the subsequent decisions passed by high courts pursuant to its two-judge verdicts in 2011 on membership of banned outfits are bad in law and overruled

Govt okays electronic manufacturing cluster in Hubli; second in Karnataka

Govt eyes investments worth over Rs 1,500 cr, creation of over 18,000 jobs. Nine companies have already committed to making investments of Rs 340 crore with an employment potential of 2,500

Govt seeks to fill up posts with hires from non-IAS pool, sparks debate

The decision to extend the application date for head of the competition watchdog underlines the old debate over reserving regulatory heads exclusively for administrative service officers

Finance Secretary T V Somanathan to head panel on pension schemes: FM

"The approach will be designed for adoption by both the central government and state governments," the finance minister said

Finance Bill: No respite for startups as Angel Tax effective from Apr 2024

Previously, many stakeholders had suggested the exclusion of investments from foreign companies in startups from the Angel Tax regime

Office space demand for properties larger than 100,000 sq ft high: Report

NCR, Ahmedabad, and Mumbai witnessed higher demand for offices sized between 50,000 and 100,000 square feet

15% of pilots in India are women, 3 times more than global average: DGCA

The DGCA data also shows that there are nearly 10,000 pilots in the country including 67 foreign nationals

Foreign exchange reserves rise to over six-week high with $572.8 bn

The central bank intervenes in the spot and forwards market to prevent runaway moves in the rupee's exchange rate against the dollar

Finance ministry issues clarification over STT hike on selling options

The finance ministry clarified on Friday that the securities transaction tax (STT) on selling options has been raised to 0.062 per cent from 0.05 per cent and not from 0.017 per cent to 0.021 per cent

Euro falls sharply against dollar as banking sector troubles continue

The euro fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment

Finance Bill: Centre hikes STT on futures and options trading by up to 25%

STT was introduced in 2004 and is levied on transactions involving different types of securities through the stock exchange route

STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023

Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains

No respite for global stocks as banks around the world continue to struggle

The MSCI World share index traded 0.4% lower, while still heading for a 1.5% weekly gain. Europe's STOXX 600 index was down 1 per cent

Analysts cut Asian companies' earnings; global slowdown, China to blame

Some analysts expect China's recovery may not be enough to offset headwinds from weak global demand and supply constraints for export-reliant economies in the region

PM Modi launches development projects worth Rs 1,780 crore in Varanasi

He laid the foundation stone of the passenger ropeway from Varanasi Cantonment station to Godowlia. The project is estimated to cost Rs 645 crore