Page 745 - Economy & Policy News

India's march to $40 trn economy can be seized by smuggling: Report

The significance of the need for a high-impact international campaign against smuggling can be understood in the context of the massive loss that smuggling inflicts on the Indian economy, it said

Unbranded namkeen products to attract 12% GST, not 5%, rules Gujarat AAR

One of the first rulings after the rate-change came into effect from July 18 last year

Govt made Rs 31,106 cr in FY23 through disinvestment, reports DIPAM

The sale of 3.5 per cent of its stake in the LIC through an IPO brought the govt Rs 20,516.12 crore as receipts

Rajasthan Budget: CM announces inflation relief package of Rs 19,000 crore

Rajasthan Chief Minister Ashok Gehlot announced an inflation relief package of Rs 19,000 crore in the state's Budget for 2023-24 to provide relief to the masses from rising prices.

GST Council will decide on cement tax rate after expert study, says CBIC

NEW DELHI (Reuters) - India's Goods and Services Tax Council will decide whether to cut tax rates on cement after an expert team submits its recommendation, chairperson of the CBIC said on Friday.

Aditya Birla Group commits Rs 25,000 cr investment across various biz in UP

Speaking at Global Investors Summit here, Kumar Mangalam Birla said the investment would go into various businesses like cement, metals, chemicals, financial services and renewable energy

FIIs turn net buyers; invest $840 million in Indian bonds in 2023 so far

Foreign institutional investors have purchased $840 million worth of Indian bonds so far in 2023. This is a change in the trend as they were net sellers of bonds in the years 2022 and 2021

Analysis: Shock of war hits world economy at the crossroads post-Covid

"The shock of war on demand and prices has cascaded through the global economy and, in conjunction with COVID and other policy decisions, has created these headwinds to growth," said Robert Kahn

Rehaul rules to improve financing Indian green projects: Fitch unit

In a report listing steps to revise the framework, the unit of Fitch Ratings said implementing public-sector credit guarantees would help lower financing costs

UP industrial development authority receives investments worth Rs 3 trn

According to the officials, "The Chief Minister Yogi Adityanath-led government is upbeat with the UPSIDA as investment set by Yogi government is three times higher than the target of Rs 1 trn"

Annual nuclear power generation stood at 35,333 mn units in 2021-22: Govt

In past India's nuclear installations were mostly confined to the South Indian States or in the west in Maharashtra and Gujarat, the Modi govt is also promoting its expansion to other parts of India

2023 is for complete rollout of Digital Credit System: Ashwini Vaishnaw

The minister further said that that Mission Bhashini - National Language Translation Mission and Digital Payments have come together to make UPI 123 Pay available in the local language

Retail inflation likely rebounded from 12 months low to 5.9% in January

Core inflation, which excludes volatile food and fuel prices, was still running at 6.10% in December, which makes it difficult for the RBI to look away and to keep the tightening cycle going

Top headlines: Adani stcks remain in MSCI indices, TikTok fires India staff

Business Standard brings you the top headlines at this hour

Govt asks blocked lending apps to submit documents proving legality

Even as the ministry sources first said the crackdown was on illegal platforms with Chinese links, several Indian apps were blocked for downloading

Over 5,442,267 old vehicles de-registered by Delhi Transport Department

Delhi Transport Department has so far de-registered 5,442,267 vehicles, as on January 31, including 10-year-old diesel vehicles and 15-year-old petrol/CNG vehicles, the Parliament was told on Thursday

Delhi to raise power generation capacity by 6,000 MW via renewable: Sisodia

Delhi govt will increase power generation capacity in the city by 6,000 MW in the next three years using renewable energy sources through various initiatives, Deputy Chief Minister Manish Sisodia said

Competition Comm approves NIIF's stake purchase in Hindustan Ports

The Competition Commission of India (CCI) on Thursday cleared the acquisition of stake in Hindustan Ports Pvt Ltd by National Investment and Infrastructure Fund (NIIF)

Banned websites, apps given 48 hrs to prove genuineness: Official

The IT ministry has given 48 hours to banned websites and apps to prove their genuineness, a senior government official said on Thursday

Rs 1.5-trn spending rationalisation helps govt meet FY23 deficit target

Without the expenditure rationalisation, the Revised Estimates (RE) for the Centre's total spending would have been about Rs 43.4 trillion instead of Rs 41.9 trillion