Page 782 - Economy & Policy News
India, US establish new trade group to build sustainable supply chains
The Trade Policy Forum, revived in 2021 after a gap for four years, will reconvene on a ministerial level before end of 2023
 "India, US establish new trade group to build sustainable supply chains")
India to explore buying oil from Guyana in long-term deal, says govt
India's Petroleum Minister Hardeep Singh Puri met Guyana's President Mohamed Irfaan Ali on Thursday
 "India to explore buying oil from Guyana in long-term deal, says govt")
India's Dec palm oil imports fall 2.8% to 1.11 million tonnes: Trade body
Imports of soyoil gained 10.1% to 252,525 tonnes while sunflower oil imports jumped 23% to 194,009 tonnes, a release said
 "India's Dec palm oil imports fall 2.8% to 1.11 million tonnes: Trade body")
No TDS on remunerations, salaries or commission paid to partners: ITAT
The ITAT ruled that there is no requirement under the IT Act for the deduction of tax at source by the partnership firm on remuneration to partners
 "No TDS on remunerations, salaries or commission paid to partners: ITAT")
TCS revenue growth likely to slow down in FY24, says Fitch Ratings
After strong 3QFY23 results, TCS NSE 0.19 % (TCS NSE 0.19 %) revenue growth is likely to slow in financial year ending March 2024 (FY24) amid the global economic slowdown, according to Fitch Ratings
 "TCS revenue growth likely to slow down in FY24, says Fitch Ratings")
Steady and cautious: What India's conglomerates are doing for capex push
Companies are reluctant to invest in new factories and plants when existing capacity is not fully utilised
 "Steady and cautious: What India's conglomerates are doing for capex push")
Self-regulating body to work at arm's length from gaming industry: IT min
Rajeev Chandrasekhar added that many of the burning issues around online user harm, safety and trust, safeguarding children from addictive intermediaries or platforms will be addressed
 "Self-regulating body to work at arm's length from gaming industry: IT min")
At 4% of GDP, household financial savings touch 30-year low; consumption up
In FY22, savings stood at 7.3 per cent. This fall in savings indicates an increase in consumption
 "At 4% of GDP, household financial savings touch 30-year low; consumption up")
Indian govt's record borrowing in FY24 likely to hit high next fiscal year
The Indian government's borrowing will likely hit a record high next fiscal year, as it prioritizes growth, which could push bond yields higher, ICICI Bank's treasury head told on Thursday
 "Indian govt's record borrowing in FY24 likely to hit high next fiscal year")
Old Pension Scheme applicable to all CAPF personnel: Delhi High Court
The court further directed the Centre to issue necessary orders within eight weeks for the same
 "Old Pension Scheme applicable to all CAPF personnel: Delhi High Court")
DoT may approach LawMin for clarity on spectrum allocation to entities
The DoT will likely enquire on whether the spectrum is to be given administratively or through auction.
 "DoT may approach LawMin for clarity on spectrum allocation to entities")
NARCL gets Centre's blanket guarantee worth Rs 15,300 crore: Report
The banks will now be able to rely on government guarantees on the stop security receipts (SRs) issued by the NARCL during the liquidation proceedings
 "NARCL gets Centre's blanket guarantee worth Rs 15,300 crore: Report")
India, US 'thinking big', says Goyal, rules out mini trade deal or FTA
'I think in terms of GSP, I have not heard any significant clamour from the Indian industry. To focus our energies on the GSP issue, I have raised it today with my counterparts'
 "India, US 'thinking big', says Goyal, rules out mini trade deal or FTA")
India, US working mechanism to export shrimps for Americans: Piyush Goyal
India and the United States are developing a mechanism for the Indian fishermen to be able to export shrimps for the American consumers, Union Commerce and Industry Minister Piyush Goyal said
 "India, US working mechanism to export shrimps for Americans: Piyush Goyal")
Delay in business visa issuance discussed with US, says Piyush Goyal
India discussed with the US the inordinate delays in issuance of business visas to the people from India, and there has been a good resonance of it by the Americans, Union Minister Piyush Goyal said
 "Delay in business visa issuance discussed with US, says Piyush Goyal")
Centre ready to test green bond market with debut $2 billion sale
India is putting its first sovereign green bond on the radar of some of its biggest domestic asset managers, including state-run insurers and pension funds as well as foreign investors
 "Centre ready to test green bond market with debut $2 billion sale")
India eyes overseas copper, lithium mines to meet domestic shortfall
"A team of experts has already studied the technical aspects of the one copper and two lithium mines in Argentina by visiting the sites"
 "India eyes overseas copper, lithium mines to meet domestic shortfall")
Govt to discontinue import of crude soybean oil under tariff rate quota
TRQ is a quota for a volume of imports that will enter India at specified or nil duty, but after the quota is reached, the normal tariff applies to additional imports
 "Govt to discontinue import of crude soybean oil under tariff rate quota")
MP will play vital role in India's developmental journey, says PM at GIS
MP will run like a cheetah; become a $550-bn economy by FY27: CM
 "MP will play vital role in India's developmental journey, says PM at GIS")
Sitharaman, UK chancellor of exchequer discuss bilateral issues, G-20
India has assumed the presidency of G20 for the current year
 "Sitharaman, UK chancellor of exchequer discuss bilateral issues, G-20")