Page 818 - Economy & Policy News

Exports record flat growth at $32 billion in November vs $31.8 bn YoY

India's exports on Thursday recorded a flat growth at $31.99 billion in November as against $31.8 billion in the same month last year

CBDT seeks detailed report on the top 15 taxpayers in each region

Directive issued for maximising revenue collection and monitoring advance tax mop up

India telecom industry to grow by $12.5 bn every 3 yrs: Deloitte-CII report

Indian telecom industry is expected to grow by $12.5 billion every three years with the advent of 5G which has the potential to boost innovation across the globe, Deloitte India and CII report said

GST Council meet: GoM pitches for 'specific tax levy' on pan masala, gutkha

Proposes levy on 38 such items in the range of 12-69% of retail sale price

Rice, wheat inflation continue to rise contrary to overall inflation

The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October

Govt plans to invite bids to extract gold from dumps at Kolar mines

The Kolar fields, located about 65 kilometres (40 miles) northeast of Bengaluru, are among the country's oldest gold mines

Worker Population Ratio continues to grow, up by 5.8% in 4 years: Centre

An increase in the worker population ratio reflects the higher engagement of people in productive activities, said union minister Jitendra Singh

RBI to issue next tranche of sovereign gold bonds from Dec 19-23

The bonds can be used as collateral for loans

Quality control order to control inferior silk import on the cards

The minister's comments were in response to a question of poor quality silk coming into the country from China

Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors

Madhya Pradesh govt targets jump on the 'India Innovation Index'

Madhya Pradesh is focusing on promoting growth through innovation in economic sectors such as agriculture, health care, education and energy

No consensus in GoM report on GST framework for online gaming

The panel, headed by Meghalaya Chief Minister Conrad Sangma, submitted its second report to Finance Minister Nirmala Sitharaman ahead of the all-powerful GST Council meeting on Saturday

NITI Aayog, UNDP launch fifth 'Youth Co:Lab' for social entrepreneurs

NITI Aayog's Atal Innovation Mission (AIM) and UNDP India on Thursday launched the fifth edition of 'Youth Co:Lab' to support young social entrepreneurs

Six non-BJP ruled states have not reduced VAT on petroleum products: Puri

West Bengal, Tamil Nadu, Andhra Pradesh, Telengana, Kerala and Jharkhand have not reduced the VAT on petroleum products, leading to higher prices of petrol and diesel there, Hardeep Singh Puri said

Increase personal I-T exemption limit to Rs 5 lakh in Budget: Assocham

Industry body Assocham on Thursday made a strong case for doubling the income tax exemption limit to Rs 5 lakh in the forthcoming Budget so that the economy gets a consumption boost

Water, mines, funds: How states, centre tackle their differences on issues

Some differences are between states, like over land and water, and some with the centre, on fishing rights and drugs

Govt consider increasing sugar export quota after evaluating local output

The government may consider increasing sugar export quota for the current 2022-23 marketing year after assessing the domestic production in January

Govt consideing quality control order for silk import: Piyush Goyal

The government is considering to bring quality control order for silk with an aim to contain import of the sub-standard product and boost domestic industry, Commerce and Industry Piyush Goyal said

Govt to support farmers to produce more pulses, streamline imports

The govt on said it will take steps to support farmers for increasing pulses production and also streamline imports as part of its objective to make available the products at affordable rates

G20 mulls converting its global infra hub into a multilateral body

Currently, the GIH's work is limited to acting as a knowledge sharing hub, to produce data and insights that inform policy and infrastructure delivery