Page 736 - Economy & Policy News

Global Investors Summit done, Uttar Pradesh turns to banks for credit line

The state has exhorted banks and financial institutions to support the investment roadmap by providing loans to the GIS projects

India Inc sees winter chill as no big ticket deals in January: Report

Dealmaking activity witnessed a huge decline in January, with only 145 transactions worth USD 2.7 billion being undertaken by India Inc, a report said on Monday

Govt to plug gaps in engine tech expertise, lines up buys worth Rs 1.5 trn

The rough cost of engines for each fighter aircraft is 20-30% of the ticket price of the fighter

Trai set to soon come out with suggestions on AI, digital inclusion

A consultation paper to further strengthen digital inclusion looks at three key aspects - devices, connectivity and literacy. It is being given finishing touches by TRAI

Retail inflation for farm, rural workers rises to 6.85% in January

Retail inflation for farm and rural workers rose to 6.85 per cent and 6.88 per cent, respectively, in January, mainly due to higher prices of certain food items

Explained: Does the new tax regime adversely affect household savings?

New tax regime does not have tax deductions as is given under various provisions such as 80C or 80D of the Income Tax Act

India's GDP growth in FY23 expected to be 7%, FY24 at 6%: Acuite Ratings

Credit rating agency Acuite Ratings and Research on Monday reiterated India's gross domestic product (GDP) growth estimate for FY23 at 7 per cent

Chatroom: 'Seller and buyer can agree to deviate from Incoterms'

Under the Customs laws, you are required to declare the transaction value, i.e., the price paid or payable for the goods

Total monthly leasing activity down 56% MoM in January, but up 93% YoY

Delhi NCR, Chennai, and Mumbai accounted for around 77 per cent of monthly leasing activity in January 2023, according to the data

Petrol, diesel can be brought under GST ambit if Council takes a call: FM

Union Finance Minister Nirmala Sitharaman Monday said that petrol and diesel can be brought under the GST ambit if the GST council takes a call

Moderation in India's trade deficit could be transitory: Acuite Ratings

Acuite Ratings in a report maintaining the trade deficit at $106 billion or 3.1 per cent of gross domestic product (GDP) for FY23

FAME investigations: Subsidy crunch hurting electric two-wheeler makers

Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved

Simplified filings: RoC approval not required for most corporate actions

The govt has introduced a new system called "file and forget," which is part of its ongoing revamp of the statutory filing website, MCA21

165 IBC liquidation cases saw 94% asset value erosion since 2016: Report

It is surprising as the lenders mostly lend loans keeping in mind the margin and the promotor's contribution

Rupee appreciates 16 paise to 82.66 against US dollar in early trade

The rupee gained 16 paise to 82.66 against the US dollar in early trade on Monday as the American currency retreated from its elevated levels.

Budget Session for UP to begin today, MoS Finance to table Budget on Feb 22

The Budget Session of the Uttar Pradesh Assembly will begin on Monday.

India's Russian oil imports surge to a record 1.4 mn barrels per day in Jan

Last month Russian oil accounted for about 27% of the 5 million bpd of crude imported by India, the world's third-biggest oil importer and consumer

Economic activity cools down in Jan amid slowdown fears, exports fell 6.58%

The Reserve Bank of India, which has raised borrowing costs six times since May to 6.50%, is seen increasing interest rates again in its April review amid inflation topping estimates

Centre steps in to speed up Barmer refinery and petrochem hub work

Petroleum Minister Puri to take stock of the delayed project on Tuesday

G20 meeting: India to showcase its success in the digital economy

Talks likely on debt of poorer nations, multilateral institutional reforms