Page 809 - Economy & Policy News

Govt receives Rs 60.46 crore tax from TDS on virtual digital assets

The government, from April 1, has brought in a 30 per cent income tax plus surcharge and cess on transfer of crypto assets, like Bitcoin, Ethereum, Tether and Dogecoin

Parliamentary panel says women in CAPFs 'abysmally low', demands action

A parliamentary committee has expressed disappointment over the very minuscule number of women being recruited in CAPF, CRPF and BSF and sought action

Inorganic fertiliser manufacture requires prior envt clearance: NGT

The NGT has clarified that manufacture or production of inorganic fertilisers required environmental clearance and added that such chemicals were covered under the EIA notification of 2006

India's exports to G20 can more than double to $500 bn by 2030, says PHDCCI

India can scale up its merchandise exports to G20 nations to $500 billion by 2030 from the current $212 billion and significantly reduce trade deficit, industry body PHDCCI said

Govt likely to issue green bonds in Jan-March quarter: MoS Finance

Sovereign Green Bonds are likely to be issued during the January-March period of the current fiscal, Minister of State for Finance Pankaj Chaudhary said on Tuesday

PLI scheme qualifiers, steel ministry to ink pacts for investment proposals

Qualifiers of PLI scheme for specialty steel will soon sign agreements with the steel ministry to take their investment proposals forward

Railway ministry drops proposal for monetisation of stations on PPP mode

The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under EPC mode, a source said

Budget 2023: How technology may help achieve the impossible trinity

Experts have requested FM Sitharaman for a cut in income tax rates, increase in expenditure, and fiscal consolidation

Nov inflation down, RBI's rate hike in Feb could be modest: CARE Ratings

With core inflation continuing to be high, credit rating agencies like Acuite Ratings & Research and CARE Ratings do not expect any downtrend in the retail inflation for the next few months

India will be first to hold satellite spectrum auction: Trai Chairman

India will be the first country to auction spectrum for satellite communication, and it should be designed to attract investments in the sector, telecom regulator Trai chairman PD Vaghela said

Real rates turn positive as inflation eases; peak in sight: Report

India's real interest rate has turned positive after headline retail inflation eased below 6% for the first time this year, analysts said, suggesting that the peak policy rate is now close

Maharashtra govt asks large infra firms to bid for Mumbai road projects

A company won project to build elevated road near Mumbai but municipal corporation cancelled the tender without explaining a reason

FM Sitharaman to introduce Appropriation Bills in Parliament today

Finance Minister Nirmala Sitharaman will introduce the Appropriation Bills 2022 in the Lok Sabha to seek nod for the payment and appropriation of amounts from the Consolidated Funds of India

Capital, consumer goods output under pressure as demand, investments slow

Segments are yet to recover from pre-covid period of 2019-20 when the economy started slowing down

First meeting of finance, central bank deputies to begin in Bengaluru today

With over 180 delegates from all over the world, the first Finance & Central Bank Deputies meeting under India's G20 presidency will commence in Bengaluru on Tuesday

Domestic workers need to work in 6 households to earn minimum wage: Study

Employers believe they pay enough, do not consider skills while setting the wage and favour "trustworthiness" over caste and religion, found a study of households in Bengaluru and Chennai

Signs of global slowdown: Export credit demand shrinks 25% YoY in October

The data released by the Reserve Bank of India (RBI) showed a fall in export credit even though the bank credit saw a robust growth of 18 per cent

No proposal with government to restore old pension scheme, says minister

There is no proposal under the Central government's consideration to restore the old pension scheme, the Parliament was told on Monday

Need to promote flex-fuel vehicles to deal with crude oil prices: Gadkari

Transport and Highways Minister Nitin Gadkari has said that the country needs to promote vehicles running on more than one fuel and e-vehicles to tide over the wide fluctuations in crude oil prices

CPI inflation eases to 11-month low of 5.9% in November; IIP contracts

Core inflation inches up; manufacturing activity declines