Page 787 - Economy & Policy News

'DGFT should clarify duty payment for destruction of imported goods'

Practically, it is difficult to escape payment of customs duty and interest even when the goods are destroyed or re-exported

No K-shaped recovery in India, pandemic 'leveler' to reduce inequality: SBI

SBI said that government transfers to the poor alone are adding up to Rs 75,000 per household per annum

India can tap Switzerland's innovation with FTA, says Ralf Heckner

The objective of the Swiss government when it comes to the Swiss financial centre is twofold - sustainability and that all countries should adhere to the same international standards

Three-four countries keen on UPI, says NPCI MD & CEO Dilip Asbe

UPI, Singapore's PayNow integration to go live soon

PMO to take a final call if DCC should be disbanded, say officials

The Department of Telecommunications believes the Digital Communications Commission body serves no additional purpose since most approvals are often taken on an inter-ministerial basis

West Bengal gave $1.5 bn only to women: Mamata Banerjee at G20 meet

Banerjee pointed out how the state GDP had grown manifold during the tenure of her government and about 12 million jobs have been created

From RIL to L&T and Adani, corporate giants build on EPC rule change

A shift from the high-debt hybrid annuity scheme for infra projects to a low-debt, performance-linked model is encouraging government and private majors to pivot to this business in a bigger way

Aero show: Rajnath Singh rolls out red carpet to defence attaches

Says 'Make in India neither isolationist nor meant for us alone'

Free seeds under 'Mukhyamantri Krishak Sathi Yojana' helping women farmers

Agriculture department under this scheme in the past four years in the Rabi and Kharif seasons had distributed mini-kits of free seeds to more than 5.430 million women farmers in the state

India overtakes Japan to take third spot among largest vehicle markets

According to Siam, 4.13 million vehicles - including passenger and commercial - were sold in the country between January and November 2022

Fixed income returns in India to surge, prompt higher investments: Analysts

Meanwhile, returns stagnated in 2020 and 2021 with low yields, after the pandemic led to massive rate cuts

Kerala says Year of Enterprise project fetched Rs 7,200 cr investment

Project created 256,140 jobs and overshot targets set, says state government

Govt mulls lifting rice export curbs as supply improves, prices stabilise

India imposed a 20% duty on shipments of white and brown rice in September and banned broken rice sales abroad

BIS publishes standards for USB Type C receptacles, digital TV receivers

India has set March 2025 deadline to have common charging port in all electronic devices

UPI, Singapore's PayNow integration anytime soon: Official at G20 meet

Singapore already has such a tie-up with Indonesia's PromPay to facilitate seamless cross-border transfers

Free food scheme moderated income inequality in many states: Report

Free food distribution of cereals during the pandemic has starkly reduced income inequality across laggard states and those at the bottom of the pyramid, according to a report

Budget to be fiscally prudent without losing growth focus: DBS economist

DBS Bank expects the government to target a fiscal deficit of 5.8-5.9% of gross domestic product (GDP) in 2023/24 as against the 6.4% outlined for this financial year ending on March 31

India's thermal coal imports up nearly 15% in 2022, says Coalmint

Indian imports of petcoke, mostly used by cement plants, doubled to 9.77 million tonnes in 2022 as they were cheaper compared with coal, whose prices hit record highs following Russia's invasion

Credit worthiness of India, others in APAC to be stable, says Moody's

Most sovereigns have begun fiscal consolidation, but social pressures are slowing progress

India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's

Average fiscal deficit to be 4% of GDP in 2023, says agency's Sovereigns--Asia-Pacific report