Page 765 - Economy & Policy News
Debt-ridden Sri Lanka thanks India for backing its $2.9 bn bailout package
External Affairs Minister S Jaishankar during his recent visit to Colombo gave the required assurances to Sri Lanka's top leadership for the much-needed IMF bailout package
 "Debt-ridden Sri Lanka thanks India for backing its $2.9 bn bailout package")
Impasse broken to get India FTA talks back on track, says UK trade minister
The seventh round is expected in the UK in the coming weeks, with both sides reluctant to set a new deadline for completing the negotiations
 "Impasse broken to get India FTA talks back on track, says UK trade minister")
One in four Indians concerned about threat of job layoff, finds survey
Global economic slowdown and a potential resurgence of Covid-19 are key areas of worry for Indians
 "One in four Indians concerned about threat of job layoff, finds survey")
Freeze import duties for next five years; cut customs levy slabs to 5: GTRI
The government should not make any changes in the customs duties for at least five years with a view to promoting domestic manufacturing, economic think tank GTRI said on Wednesday
 "Freeze import duties for next five years; cut customs levy slabs to 5: GTRI")
Formal job creation in India rose in November after October lows: MoSPI
Between September 2017 and November 2022, 6.09 crore new subscribers joined the EPF scheme
 "Formal job creation in India rose in November after October lows: MoSPI")
Indian real-estate investment grew 32% to all-time high of $7.8 bn in 2022
Indian real estate investments grew by 32 per cent Y-o-Y to an all-time high of $7.8 billion, according to consulting firm CBRE South Asia Pvt Ltd
 "Indian real-estate investment grew 32% to all-time high of $7.8 bn in 2022")
India's first-ever green bond auction gets better-than-expected yield
The five-year bond was sold at a cut-off yield of 7.10% versus 7.13% estimate
 "India's first-ever green bond auction gets better-than-expected yield")
India-Egypt bilateral trade to top $12 billion in next 5 years: PM Modi
Prime Minister Narendra Modi held bilateral talks with Egyptian President Abdel Fattah El-Sisi on Wednesday
 "India-Egypt bilateral trade to top $12 billion in next 5 years: PM Modi")
Revamped Monument Mitra scheme to be launched soon: Union Culture Secy
The govt will soon launch a revamped version of the Monument Mitra scheme under which the Culture Ministry will seek partnerships with private industries
 "Revamped Monument Mitra scheme to be launched soon: Union Culture Secy")
India's FY24 gross borrowing could be less than expected: Economists
There are chances of the central bank paying the government a higher dividend, which could allow for a surprise at the budget presentation on Feb 1
 "India's FY24 gross borrowing could be less than expected: Economists")
India's green bond issuances have grown slower than peers, shows data
Dedicated ESG debt funds may be a key factor to help issuances grow
 "India's green bond issuances have grown slower than peers, shows data")
Supplier of two separate contracts to a firm to pay GST on both: Guj AAAR
A company receiving separate orders from the Adani group for inverter duty transformers and supervision services is liable to pay GST on the entire project, ruled Gujarat AAAR
 "Supplier of two separate contracts to a firm to pay GST on both: Guj AAAR")
Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report
The fiscal deficit is expected to remain much larger than the 4-4.5 per cent of the GDP that was usual for decades
 "Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report")
Stock investors expect Budget to focus on job creation, infra spending
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track
 "Stock investors expect Budget to focus on job creation, infra spending")
Centre expected to introduce new income tax slabs in Budget 2023: Report
Currently, there are six slabs in the new personal income-tax regime, starting with the Rs 2.5-5 lakh income bracket taxed at 5 per cent
 "Centre expected to introduce new income tax slabs in Budget 2023: Report")
Rupee gains 20 paise to 81.50 against US currency in morning trade
The rupee rose by 20 paise to 81.50 against the US currency in morning trade on Wednesday following a weak dollar in the global markets
 "Rupee gains 20 paise to 81.50 against US currency in morning trade")
Prepare now, India's population won't be a demographic dividend forever
India's average age is still around 28, compared to 38 in China or 47 in Germany. But, as we have seen with China, those numbers can change more rapidly than expected
 "Prepare now, India's population won't be a demographic dividend forever")
India's Rs 8,000-cr green bond debuts today, analysts see strong demand
The maiden tranche of sovereign green bonds is set to go to auction on Wednesday
Taxing times: Businesses face tax heat over deductions claimed for cess
CBDT tells I-T officials to nudge entities; move could help garner over Rs 5,000 cr
 "Taxing times: Businesses face tax heat over deductions claimed for cess")
Work in progress to set up Coal-to-Methanol plants in country: Puri
Blending of 15 per cent methanol in gasoline can result in at least a 15 per cent reduction in the import of gasoline/crude oil
 "Work in progress to set up Coal-to-Methanol plants in country: Puri")