Page 812 - Economy & Policy News

India eyes quality control measures for rubber, cement industries: Report

India aims to implement quality control measures for the light engineering, rubber, cement and concrete building materials industry by next year, a government source said

Centre to levy import duties on non-essential items as exports fall: Report

The government is also looking for ways to separate commodities that come under the same Harmonized System of Nomenclature (HSN) code for imposing duties

India's economic activity may have slowed down in Nov as resilience wanes

Demand for bank credit remained healthy at 17.2%, even amidst tighter liquidity conditions and higher borrowing costs, Reserve Bank of India data showed

Top Headlines: India's economic activity, online gaming policy, and more

Business Standard brings you the top headlines at this hour

Online games with monetary bets likely to have a 'child lock' mechanism

MeitY could also call for formation of a self-regulatory organisation; policy release likely in 2-3 weeks

Advance tax mop-up grew 13% in April-Dec period to Rs 5.21 trillion

Net direct tax collection has grown 19% to over Rs 11.35 trillion

50K show-cause notices sent to companies, partnership firms after GST audit

It's first comprehensive audit exercise by GST authorities

Taxes account for 67-80% of liquor prices; threatens sector's future: ISWAI

High rates of taxation are crippling the alcoholic beverages sector and threatening the future of the liquor industry in the country, the International Spirits & Wines Association of India said

Quicker licences likely as airlines implement DGCA's digital initiative

Integrating eGCA with their internal software, will help minimise the time taken to fill pilots' e-log books, and eliminate manual intervention as well

Demand crunch: Textile sector bats for stimulus, cotton import duty removal

There is a shortage of demand for textile goods globally due to the Ukraine-Russia war

India will contribute 10% of incremental global petchem demand growth: Puri

India, whose per capita consumption is significantly lower than that of developed economies, will contribute 10% of the incremental growth of global petrochemical demand, Hardeep Singh Puri said

Commerce ministry may rework draft Bills on tea, coffee with NITI Aayog

The commerce ministry is likely to engage with NITI Aayog to rework the five draft Bills pertaining to cash crops tea, coffee, spices, rubber, and tobacco, an official said

Govt plans to auction 6 mineral blocks in Odisha, Rajasthan next month

The government plans to put on sale next month six mineral blocks in the states of Odisha and Rajasthan

Bihar hooch tragedy: Sobering reality of missing liquor policy

Based on latest available data, of the 947 deaths due to spurious liquor in 2020, a majority were in Madhya Pradesh (214), Jharkhand (139), and Punjab (133)

India committed to improve trade facilitation: Nirmala Sitharaman

The Centre is committed to improve trade facilitation for every stakeholder, including Customs Department personnel and those involved in the trading communities, said Union Finance Minister

CBIC detects Rs 62K-crore GST evasion via fake invoices during past 3 years

1030 people have been arrested by tax authorities since 2020

SC/ST Reservation Bill to be tabled in Karnataka legislature session: CM

The SC/ST Reservation Ordinance Replacement Bill is one among a set of Bills to be introduced in a session of the State Legislature to be held at the Suvarna Soudha in Belagavi from tomorrow, said CM

Direct tax collections for FY23 up 20% at Rs 11.35 trillion till Dec 17

Direct tax collections stood at Rs 11,35,754 crore, as on December 17, 2022, up by 19.81 per cent against Rs 9,47,959 crore recorded in the corresponding period of last year, officials said

Statsguru: Energy to food prices, 6 charts explain India's inflation woes

In terms of food prices, India seems to be doing much better than the Western economies, owing to it being less dependent on imports

HFCs to move regulator, govt to address rate hike and other industry issues

Also plan to take up issues such as impact of IRAC norms, status of Automatic Data Flow requirement, among others