Page 813 - Economy & Policy News

Trump tariffs: Higher India share in US metal imports, shows data

The share of China in US aluminium imports fell from 9.36 per cent in 2017 to 4.52 per cent in the 12 months ending November 2022

Parliamentary committee recommends a GST Council-like body for RoDTEP

The Finance Ministry has allocated Rs 14,245 crore for the RoDTEP scheme in FY23, up from Rs 12,454 crore in FY22

On balance, India is in a sweet spot

We have emerged as a source of global economic stability and are still the fastest-growing large economy

PE investment in real estate down 17% to $5.13 bn; inflow up in warehousing

Private equity investment in real estate fell 17 per cent this year to USD 5.13 billion as investors turned cautious amid geopolitical and inflationary concerns, according to Knight Frank India

Over 15000 posts filled in J&K govt departments in 3 years: SSB chairman

More than 15,000 vacancies in various departments were filled in 3 years while the selection process for 8,000 more was in progress, Jammu and Kashmir Services Selection Board (SSB) chairman said

Microfinance loans grow 11% to Rs 71,916 crore in Q2 FY23: Report

Microfinance loans in the country grew by nearly 11 per cent to Rs 71,916 crore during the second quarter of the current fiscal, industry data showed

Trends show coal is here to stay despite India's renewable energy goals

Coal is dirty - it makes up for 40 per cent of carbon dioxide emissions from fossil fuels, but the war in Ukraine has caused a mini-energy crisis globally, pushing its use to record levels this year

Calendar printing business slumps in post-Covid times, age of mobile phones

After wall clocks, it is now the calendars that are vanishing from the walls

Hotels, resorts sold out on high demand for Christmas-New Year celebrations

The domestic hospitality industry is gearing up to make the most of full-fledged Christmas and New Year celebrations this time around after two years of washout by the pandemic

58% Indians cut 'Make in China' purchases across products in 2022: Survey

About 58 per cent of Indians have reduced their 'Make in China' purchases due to the geo-political situation while 26 per cent said they found Indian alternatives to be better in price and quality

364 infrastructure projects show cost overruns of Rs 4.52 trillion: Report

As many as 364 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.52 trillion, as per an official report

58% of govt-recognised start-ups centred in 5 states; Maharashtra tops list

Nearly 58 per cent of the government-recognised start-ups are confined to just five states in the country

Punjab FM opposes any increase in GST on education related goods

Describing any increase in GST on education related items a step against the students' interest, Punjab FM opposed proposal of considering GST on pencil sharpeners at 18% instead of existing 12%

Kerala HC asks why RBI did not appear despite being served notice

Kerala HC asked why RBI did not appear before it even after being served a notice on pleas challenging the summons issued by ED in connection with its probe into the financial transactions of KIIFB

Buffer zone: Congress warns of agitation if public concerns not addressed

Congress has threatened a public agitation if Kerala govt does not take steps to address public concerns related to SC order to maintain a 1 km buffer zone around protected forests across the country

Centre, state govts to focus on efforts to widen GST base: FM Sitharaman

According to finance minister Nirmala Sitharaman, monthly GST revenue collection has been above Rs 1.4 trillion in the recent past

G20: DUSIB, Delhi Police officials meet to plan relocation of beggars

A meeting was held on Saturday by DUSIB to chalk out a plan to remove and relocate beggars from the Hanuman Mandir area near the Kashmere Gate ISBT to night shelters, officials said

80 projects worth Rs 406 crore completed under AMRUT Mission in J&K

The objective of the project was to develop infrastructure within cities such as water supply, security, drainage, green spaces, parks and non-motorised urban transport

Centre working on property, discoms data sharing to widen GST payer base

He said a pilot project on data sharing with discoms is ongoing in Madhya Pradesh, while Gujarat is undertaking a pilot on PAN-based linkage of businesses

28% GST on online games when winning depends on certain outcome: CBIC chief

Central Board of Indirect Taxes chief Vivek Johri on Saturday said online games where winning is dependent on a certain outcome would attract 28 per cent GST on the full bet value