Page 767 - Economy & Policy News

Govt should scrap windfall profit tax on domestic crude oil: FICCI

The government should scrap the windfall profit tax on domestically produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas

Analysts expect Budget to focus on job creation, investment-driven growth

Any roadmap to build and bolster the entrepreneurship culture can promote self-reliance and go a long way in employment generation

India's first green bond sale to command 'greenium' on strong demand

The government is expecting a green premium, or 'greenium,' on prices to push yields 5-10 basis points (bps) below sovereign bonds

FAO: Rising prices, population, food insecurity add to ranks of hungry

Growing numbers of people in Asia lack enough to eat as food insecurity rises with higher prices and worsening poverty, according to a report

Scorpene subs to get advanced air-independent propulsion for endurance

With no foreign submarine acquisitions in sight, India to upgrade existing fleet

Country's service exports are doing 'extremely well': Piyush Goyal

The country's services exports are doing extremely well and going by the current trend these outbound shipments would register about 20% growth in this fiscal

India may peg nominal GDP growth at about 11% in upcoming Budget: Sources

The government expects nominal growth of 15.4% for the current fiscal year that ends on March 31

Centre's three new national cooperatives signal sector's growing clout

But, critics say the approach in forming should have been bottoms-up instead of top-down

India to enter green bond market with $1 billion debut auction on Wednesday

If this sovereign auction is over-subscribed and the cutoff yield materially lower than regular government bonds, it would encourage larger green issuance next year

Rajasthan govt signs agreements for investment worth Rs 1.36 trillion

The investment was committed under Invest Rajasthan, which was held in October last year

PM Modi always prioritised energy sector of Northeast: Hardeep Singh Puri

Without giving any detail, the Union minister said several big projects in the sector are also in the pipeline in the region

Chatroom: 'Export duty is not part of the price paid or payable for goods'

You must show the export duty amount separately in the invoice and collect the aggregate amount from the buyer (whether in one or more instalments)

Apple looking to manufacture 25% of iPhones in India: Piyush Goyal

Will be significant ramp-up compared to 5-7% now

Company formation, conversion made easier and swifter on new MCA portal

The corporate affairs ministry has made more than 46 forms available on the latest version-3 of its portal on Monday, for easier and faster filing

In a first, Centre planning a universal cattle insurance scheme

The scheme could be formalised on the lines of the Pradhan Mantri Fasal Bima Yojana (PMFBY), which is for the crop sector, sources said

US agriculture associations fear market loss to India's FTA partners

In June 2019, India hiked tariffs on 28 items exported by the US, including almonds, apples, walnuts

Finance ministry looks to curb smuggling of top-end mobile phones

FinMin considers proposal to reduce basic Customs duty on phones with a cost, insurance and freight value of over Rs 35,000

Business confidence recovers from lows of 2019-20 and pandemic yrs: NCAER

Business confidence has recovered from the lows of the pre-pandemic (2019-20) and the following two pandemic years, though sentiments continued to soften in the current fiscal, NCAER said

India plans to cut gold import duty to arrest smuggling: Govt officials

The effective duty on gold is currently 18.45%, which includes 12.5% import duty, 2.5% agriculture infrastructure development cess and other taxes

Nitin Gadkari inaugurates highway projects worth Rs 6,800 crore in MP

The 28 national highway projects has a total length of 550 km