Page 800 - Economy & Policy News

PFRDA restores pre-Covid norms for withdrawals by govt NPS subscribers

The government sector NPS subscribers will have to make a request for partial withdrawal of their National Pension System (NPS) corpus only through their associated nodal offices from January 1, 2023

PNGRB to halt action against city gas distributors until Act's amendment

Officials said the regulator's move to recognise 54 gas pipelines as common carriers has faced multiple litigations till now from private entities, such as Adani Total Gas and even state run-GAIL

Australia FTA: Wine industry gears up for foreign market's entry in India

The duty cut regime on Australian wine under the recent trade agreement strikes a balance between protecting the domestic industry and opening the path for greater investments and tie-ups

India's push for free trade negotiations: A status check of ongoing deals

Take a look at the status of the ongoing FTA negotiations by India

GST officers to seek details of all invoices in case of ITC mismatch

The CBIC issued circular clarifying guidelines on recovery proceedings for the period 2017-18 and 2018-19

Only 8.2% of 463 million Jan Dhan accounts are zero balance: RBI report

81.2% were operative as of August 2022, up from 76% in 2017

Govt mulls offloading 1.5-2 mn tonnes of wheat from FCI to contain prices

The govt is considering releasing 1.5-2 mn tonnes of wheat next year from the FCI stock for bulk consumers like flour millers, under the Open Market Sale Scheme (OMSS) to contain rising retail prices

Centre appoints MeitY as the nodal ministry for gaming, to set rules soon

The industry came under scrutiny after the proliferation of games like cards, casinos, and fantasy sports among young people led to addiction and financial losses, with some reported cases of suicide

Bleeding shares of start-ups call for review of ESOP taxation policy

Companies generally deduct the tax payable at the time of allotment of shares by adding the income from ESOPs to employees' income as personal income tax

India makes USB Type-C charging must for device makers from March 2025

Deadline follows EU's timeline for uniform charging ports' standards, says civil servant

India emerges as the voice of Global South amid Ukraine war, Covid chaos

India emerged as a voice of the Global South during its two-year term in the powerful UN Security Council, which acrimoniously deliberated on Russia's invasion of Ukraine

PM-Kisan grows from strength to strength amid calls for raising the amount

For the April-to-July 2022 installment (11th overall), a sum of around Rs 22,500 crore was distributed to over 10.45 crore farmers

Maharashtra to be more inclusive of Marathi-speaking folks on K'taka border

The Maharashtra Legislature here on Tuesday adopted a resolution unanimously expressing full solidarity with the Marathi-speaking people living on the Karnataka border villages.

Govt raised Rs 4.06 trn via dated securities in July-Sept: FinMin report

The weighted average yield of primary issuances hardened to 7.33 per cent in the second quarter of the current fiscal from 7.23 per cent in first quarter of 2022-23

India Inc takes steps to protect supply chain as Covid-19 rages in China

Keeps adequate inventory levels for now; onboards multiple vendors to mitigate risk

Pakistan PM Shehbaz Sharif vows to eliminate terrorism in all its forms

Prime Minister Shehbaz Sharif has reaffirmed his vow to eradicate the menace amid criticism from ousted premier Imran Khan on the government's "failure" to curb militancy during its eight-month stint.

Does India need PLI to become a toy manufacturing powerhouse?

Toy imports have come down by 70% in the last three years, while export is up by 60%. Govt is now mulling a PLI scheme to give the sector a fillip. Will the scheme help the toy manufacturing sector?

Govt controls under data protection bill to hit data centre investment: ITI

Significant controls and exemptions to the govt under the proposed Digital Personal Data Protection bill 2022 are likely to make it harder for companies to invest in data centres in India

Reducing core inflation key to easing prices: MPC member Shashanka Bhide

Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November

Credit offtake grows 17.5% for fortnight ended Dec 2: CARE Ratings

The growth is driven by a low base, NBFC, retail credit, higher working capital demand driven by inflation and improvement in capacity utilisation ratio, and rising demand for fresh capex