Page 751 - Economy & Policy News

FMCG sector slows down in Dec quarter as price growth tapers: NielsenIQ

Tapering price growth and weak volumes slowed down growth in the quarter, according to data by NielsenIQ

Budget 2023: Online gaming definition broad and vague, says IAMAI

IAMAI members have submitted their feedback to the ministry stating that the scoping of the rules has been done poorly and certain aspects need a major re-look

Union Budget 2023-24 on expected lines, good for investment push

Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles

Direct tax: Budget gives a blueprint for sustained high-growth trajectory

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Budget 2023: 113% increase in allotment for northeast, highest ever

The Finance Ministry has budgeted Rs 5892 crore for FY24 for the region, which is 113 per cent more than the RE 2022-23

Budget 2023: Higher crude exploration drives non-tax revenue goal

The government lists receipts from licence fees for the right of exploration of oil and gas, as well as royalty on off-shore crude oil and gas production

Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

FPI outflows, Adani group's FPO cancellation sour mood for rupee

The domestic currency closed at 82.18 per US dollar as against 81.93 per dollar on Wednesday

Railways posts 73% revenue growth in Apr-Jan 2023 from same period in 2022

The railways' revenue earnings are up by 73% in the passenger segment during April-January 2023 as compared to the same period last year, according to an statement issued by the national transporter

Green bonds, SLBs, MDBs in focus at G20 meet on sustainable finance

The delegates deliberated on raising the size of blended finance, and stressed on the importance of multilateral development banks to deal with growing climate change impacts

G20 education working group likely to lead to university tie ups

Collaboration with Universities across the globe would be the major outcome of the deliberations at the Chennai Meet, Sanjay Murthy, Secretary Higher Education

I-T dept spends 57 paise for every Rs 100 of tax collection: Govt official

The Budget was an effort in moving to a new tax regime which is simple and more open

Madhya Pradesh govt brings Ordinance to support investors, industrialists

The state government will have it passed possibly in the Budget session of the Assembly

No power supply disruption due to high demand, will import coal: R K Singh

He explained that blending (of imported coal) has been happening earlier and so he has no hesitation at all in blending

Windfall tax to continue for now; collections at Rs 25k cr this year: Govt

The levy is reviewed every fortnight and rates are moderated based on international oil prices

FCI sells 8.88 lakh tonne wheat to bulk consumers on first day of e-auction

Wheat is being offered at a reserve price of Rs 2,350 per quintal plus freight charges

78.1 mn rural households provided tap water in last 3 years under JJM: Govt

The estimated outlay of the mission is Rs 3.60 trillion out of which the central share is Rs 2.08 trillion

Govt paves way for IFSC units to issue P-notes to foreign investors

Earlier, P-notes were issued by FPIs from countries like Mauritius and Singapore

Inclusive, resilient growth focus of India's G20 priorities: S Jaishankar

India is hosting a series of events and meetings ahead of the G20 summit later this year

Monthly GST revenue at Rs 1.50 trn to be new normal next fiscal: CBIC chief

GST collection in current fiscal year is likely to average around Rs 1.45 trillion