Page 799 - Economy & Policy News

Govt finalises rules for used car market, aims to resolve host of issues

Move to curb rise of fraudulent intermediaries, address disputes over third party damage liabilities

Coal ministry identifies 4 coking coal blocks for auction to pvt sector

The Coal Ministry has identified 4 coking coal mines to be offered in subsequent rounds of auction for the private sector to further increase domestic raw coking coal supply, an official release said

Unregistered persons can claim tax refunds for cancelled contracts: FinMin

The new functionality 'Refund for Unregistered person' has been made available on the GST portal

Trade agreements with Australia, UAE to help boost exports, says EPCs

Various export promotion councils lauded the trade agreements signed by India with the UAE and Australia, saying the pacts will help the country in boosting exports by granting preferential access

As manufacturing sector disappoints, FDIs chase services sector: Ind-Ra

Despite the Narendra Modi government's high-octane push to boost manufacturing through the 'Make in India' initiative, foreign investors continue to chase bets in the services sector

Housing sales up 50%, new supply doubles in top-8 cities in 2022: PropTiger

Mumbai and Pune lead property demand, taking a combined 56% share in overall sales; demand grew sequentially and yearly in all four quarters of the year

MPC member Ashima Goyal says no time for aggressive fiscal consolidation

The government should not go in for an 'aggressive fiscal consolidation' in the upcoming budget as global risks have not abated, RBI Monetary Policy Committee (MPC) Member Ashima Goyal said

Youth employment remains the Achilles' heel in the Indian labour market

Conditions improving, but high unemployment rate in 15-29 age group a challenge for policymakers

Maha Assembly passes Lokayukta Bill, brings CM under anti-corruption lens

Maharashtra assembly on Wednesday passed the Lokayukta Bill 2022, which brings the chief minister and council of ministers under the ambit of the anti-corruption ombudsman

Net office market absorption at three-year high of 38 mn sq ft in 2022: JLL

Strong job creation, India's credentials as tech and innovation hub, firm corporate expansion plans, and a greater number of firms eyeing India for talent, were key growth drivers

Experts see 2023 as a year of smooth sailing for real estate sector

Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs

Predictable, progressive taxes for online gaming needed, experts suggest

Experts also believe that taxation is not a suitable instrument for forcing disciplined behaviour among players, which is better achieved through technological interventions

Reorienting India's food programme a politically deft move, says Nomura

The govt last week discontinued a version of a free-food program for low income households, and replaced it with the new initiative that will also give out free grains while lowering the quantity

InvITs improved credit quality of Rs 46,000 cr debt in road sector: Crisil

Aided by regulatory guardrails and structural benefits, infrastructure investment trusts in road sector have enhanced credit quality of around Rs 46,000 crore debt till now, Crisil said

Trade settlements in rupee starts with Russia, more likely to join: Report

India is trying to promote trade settlements in rupee with not just Russia, but also Sri Lanka and Mauritius

Railways to renovate 1,000 small stations under Amrit Bharat Station Scheme

Key features of these proposed stations include provisions for roof top plazas, longer platforms, ballastless tracks, and 5G connectivity

India plans $2 billion incentive for green hydrogen industry, says report

The 180-billion-rupee ($2.2 billion) incentive aims to reduce the production cost of green hydrogen by a fifth over the next five years, said a senior government official

Total govt debt increases to Rs 147 trn in Q2, shows FinMin report

The total liabilities of the govt increased to Rs 147.19 trn at September-end from Rs 145.72 trn at the end of June this fiscal year, according to the latest data on public debt

Domestic, semi-regulated markets to drive pharmaceutical industry's growth

High raw material prices to put pressure on margins

2022: When the pendulum moved from great resignation to great return

The controls are back with employers, and WFO with a degree of flexibility is the office-way for now