Page 823 - Economy & Policy News
Those selling products at market rate can't claim charitable status: ITAT
Hospital's appeal against income tax department rejected; it is a private company that turned into a non-profit
 "Those selling products at market rate can't claim charitable status: ITAT")
Trade settlement with Russia in rupees to start next week: Report
Five to six banks have been allowed to open Vostro accounts for rupee trade settlement and 10-11 such accounts have been opened so far
 "Trade settlement with Russia in rupees to start next week: Report")
Budget 2023-24: Centre mulls increasing tax-free slab to Rs 5 lakh
Only 10-12% assessees opted for new regime introduced in 2020
 "Budget 2023-24: Centre mulls increasing tax-free slab to Rs 5 lakh")
Top Headlines: Tax-free slab to Rs 5 lakh, basic Customs duty cut, and more
Business Standard brings you the top headlines at this hour
UK trade minister in India to kickstart sixth round of FTA talks
The new round marks the first formal meeting between the India-UK negotiating teams since July and the first since Rishi Sunak took charge
 "UK trade minister in India to kickstart sixth round of FTA talks")
Are states with high levels of poverty spending less on MGNREGS?
Experts said an institutionalised system of social audits will clear lots of doubt
 "Are states with high levels of poverty spending less on MGNREGS?")
How the Russian war worsened India's fertiliser consumption balance
Researcher says the contributory margin of companies selling and importing MOP is negative due to inadequate subsidies on potash
 "How the Russian war worsened India's fertiliser consumption balance")
Centre extends RoDTEP to more sectors, but refund woes remain
Exports under advance authorisation scheme and by export-oriented units, units in special economic zones and manufacturing goods in bonded warehouses are excluded from the scheme
Budget 2023-24: Govt mulls basic Customs duty cut to align with FTA
Finance Minister Nirmala Sitharaman will be presenting the Union Budget on February 1, 2023, in Parliament, outlining her tax and expenditure plans for 2023-24
 "Budget 2023-24: Govt mulls basic Customs duty cut to align with FTA")
State Bank of India to begin overseas rupee trade with smaller nations
Move to steer clear of West sanctions on Russia deals
BoE holds meetings with foreign banks in India; keen to resolve CCIL logjam
European regulators' decision affects more market segments than US norms
 "BoE holds meetings with foreign banks in India; keen to resolve CCIL logjam")
Peaking gas and power units to run under special scheme next summer
Move aimed at handling peak demand, NTPC-GAIL to ink pact, PowerMin to fund the scheme
 "Peaking gas and power units to run under special scheme next summer")
Is tilapia the next big idea for boosting India's aquaculture sector?
Rising demand, export potential, ease of production have turned the focus on the humble tilapia
 "Is tilapia the next big idea for boosting India's aquaculture sector?")
Sikkim CM constitutes panel to examine viability of old pension scheme
Sikkim Chief Minister Prem Singh Tamang has constituted a committee to examine the viability of restoration of the old pension scheme for the state government employees, an official statement said
 "Sikkim CM constitutes panel to examine viability of old pension scheme")
Indian aviation market promising but taxation always an issue: IATA chief
The Indian civil aviation market has exciting and significant opportunities but taxation has always been an issue which also makes the industry less competitive, according to IATA chief Willie Walsh.
 "Indian aviation market promising but taxation always an issue: IATA chief")
Govt asks trade bodies, banks to explore more countries for trade in rupee
Having facilitated rupee trade with Russia, Mauritius and Sri Lanka, the government has asked trade bodies and banks to explore such opportunities with more nations, sources said
 "Govt asks trade bodies, banks to explore more countries for trade in rupee")
Will implement Old Pension Scheme in first cabinet meeting: Himachal CM
Congress leader Sukhwinder Singh Sukhu who took oath as the Chief Minister of Himachal Pradesh on Sunday said that his government will implement OPS (Old Pension Scheme) in the first cabinet meeting.
 "Will implement Old Pension Scheme in first cabinet meeting: Himachal CM")
Branded real estate developers may corner 50% mkt share this year: Anarock
Branded real estate developers are likely to capture more than 50 per cent market share in expected total housing sales at record 3.6 lakh units this year, according to Anarock
 "Branded real estate developers may corner 50% mkt share this year: Anarock")
Statsguru: Story of the home-made handset and India's upward mobility
Analysis of data from the International Trade Centre shows that India registered a compounded annual growth rate of 143 per cent between 2017 and 2022
 "Statsguru: Story of the home-made handset and India's upward mobility")
Sixth round of India-UK free trade agreement talks to begin from Dec 12
The sixth round of negotiations between senior officials of India and the UK for a proposed free trade agreement (FTA) will begin here on Monday with an aim to conclude the talks at the earliest
 "Sixth round of India-UK free trade agreement talks to begin from Dec 12")