Page 699 - Economy & Policy News
Top headlines: UBS needs RBI nod for C-Suisse, windfall tax on oil slashed
Business Standard brings you top headlines at this hour
 "Top headlines: UBS needs RBI nod for C-Suisse, windfall tax on oil slashed")
The perfect moment for innovation or 'anusandhan' is now: Six reasons
Innovation can be a sustainable wealth creator for nations
 "The perfect moment for innovation or 'anusandhan' is now: Six reasons")
India's steadying economy shows early signs of weakening consumption
Economic expansion may be under pressure as the "full-blown impact" of the Reserve Bank of India's 250 basis point hike in borrowing cost since May gets transmitted to end-consumers, Crisil Ltd., the
 "India's steadying economy shows early signs of weakening consumption")
Foreign investment in India slowing but shift from China spells opportunity
Only few states drawing companies' attention to set up projects
 "Foreign investment in India slowing but shift from China spells opportunity")
Consumers switching back to buying regular or mid-priced packs in FMCG
The demand for regular packs has revived especially in categories like snacks, biscuits, edible oil, and detergents after more than a year
 "Consumers switching back to buying regular or mid-priced packs in FMCG")
L20 adopts joint statement on universalisation of social security
The inception meeting will be followed by an L-20 summit in June before the G-20 labour ministers meeting in the latter part of the year
 "L20 adopts joint statement on universalisation of social security")
CBDT asks Mumbai, West Bengal to step up efforts to raise revenue
The net tax growth rate in some of these regions was below expectations, said two people privy to the development
 "CBDT asks Mumbai, West Bengal to step up efforts to raise revenue")
Formal job creation declines 7.5% in January, hits 20-month low: EPFO
The number of new monthly subscribers under the Employees' Provident Fund (EPF) has declined by 7.5 per cent to 777,232 in January 2023 from 840,372 in December 2022
 "Formal job creation declines 7.5% in January, hits 20-month low: EPFO")
Retail inflation for agriculture, rural workers up marginally in Feb 2023
Retail inflation for agricultural and rural workers increased to 6.94% and 6.87%, respectively, in February 2023, due to increases in prices of medicines, doctor's fees, and bus fares, among others
 "Retail inflation for agriculture, rural workers up marginally in Feb 2023")
Retail inflation may moderate in coming months: FinMin monthly review
WPI inflation for February eased to 3.85 per cent in February, the lowest in more than two years
 "Retail inflation may moderate in coming months: FinMin monthly review")
US bank crisis will have little impact on India: CEA V Anantha Nageswaran
Says lessons for India have not changed, banking sector should remain mindful of duration risk and credit risk, which then includes concentration risk
 "US bank crisis will have little impact on India: CEA V Anantha Nageswaran")
Agriculture Min ropes in Nafed for promotion of govt's millets initiative
The Agriculture Ministry said it has roped in cooperative Nafed for promotion of the government's millets initiative at global scale, including installation of millet vending machines in Delhi-NCR
 "Agriculture Min ropes in Nafed for promotion of govt's millets initiative")
Inflation likely to be determined by heatwaves, El Nino: Monthly eco review
Govt has said that the inflation trajectory is likely to be determined by extreme weather conditions like heatwaves and the possibility of an El Nino year, volatility in international commodity prices
AI platform market for healthcare industry to reach $4.3 bn in 2024: Report
The market for Artificial Intelligence (AI) platforms for the entire healthcare industry is set to grow to $4.3 billion in 2024 from $1.5 billion in 2019, according to a report on Monday
 "AI platform market for healthcare industry to reach $4.3 bn in 2024: Report")
Rs 804 cr disbursed as land compensation in NH projects in Himachal: CM
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu has said a sum of Rs 804 crore has been disbursed as land compensation in various national highway projects within a month in the state
 "Rs 804 cr disbursed as land compensation in NH projects in Himachal: CM")
SAIL-BSP gets licence to produce new grades of wire rods
The High Carbon IS 7904 HC38 & HC 80 grade steel wire rod is high value-added steel developed through SMS 3 - WRM route
 "SAIL-BSP gets licence to produce new grades of wire rods")
Chatroom: 'No GST rebate or exemption against supply of services to EOUs'
Section 16 of the CGST Act, 2017 allows you to take input tax credit of the input tax charged on any supply of goods or services, or both, subject to certain conditions
 "Chatroom: 'No GST rebate or exemption against supply of services to EOUs'")
Will announce on Indian soil new plan on Free, Open Indo-Pacific: Japan PM
The Japanese Prime Minister also extended a formal invitation to Prime Minister Modi to attend the G7 Hiroshima Summit, scheduled to take place in May this year
 "Will announce on Indian soil new plan on Free, Open Indo-Pacific: Japan PM")
Govt may extend diesel, gasoline export curbs beyond March 31: Report
The extension of rules may discourage some Indian refiners, mainly private companies, from buying Russian fuels for re-exports to countries
 "Govt may extend diesel, gasoline export curbs beyond March 31: Report")
Delhi Eco Survey: AAP govt's per capita income rises 14.18% to Rs 4,44,768
Delhi's per capita income has always been around 2.6 times higher when compared to the national average, both at current and constant prices, it noted
 "Delhi Eco Survey: AAP govt's per capita income rises 14.18% to Rs 4,44,768")