Page 834 - Economy & Policy News

India's G20 priorities to reflect that of the global south: Amitabh Kant

'This is a unique forum of both the developed world and emerging economies. We need to build new approaches that benefit them both'

State GST team raids several places of UP, Noida amid loss of revenue

The state GST department has taken action in various places in Uttar Pradesh including Noida on the complaint of loss of revenue by tax evasion

Sugar output likely to drop 7% amid erratic weather, could crimp exports

Lower sugar exports from India, also the world's second biggest exporter, could lift global prices and allow rivals Brazil and Thailand to increase their shipments

Extensive exploration programme to find minerals stepped up in Rajasthan

Additional Chief Secretary (Mines and Petroleum) Subodh Agarwal said each part of the state was rich in some mineral

Firms' PAN to be identifier for govt single window clearance system

PAN database has relevant information about companies, says commerce minister Piyush Goyal

Chhattisgarh's revenues see a surge in seven months: CM Bhupesh Baghel

The state has been successful in maintaining a revenue surplus of Rs 4,642 crore in the last financial year

Ahead of budget, economists demand increase in social security pension

Ahead of the Union Budget, 51 eminent economists have written to Finance Minister Sitharaman and demanded an increase in social security pensions and an adequate provision for maternity benefits

India seized 833 kg gold worth Rs 405 cr in FY22, highest from Myanmar

The highest amount of gold seized was of Myanmar origin, marking a significant shift from 2019-20, when the majority of it was from West Asia

In 'white gold' rush, India kick-starts talks with lithium-rich nations

Move to help local cell manufacturing, boost EVs

'New PDP Bill to bolster India's narrative as trusted global partner'

Vaishnaw said that as the PDP Bill gets finalised, on cross-border data flows, the government will ensure that the approach focusses on strengthening data protection without disrupting data flows

Women, rural poor, unemployed lagging due to digital divide: Oxfam India

The report revealed a digital divide based on employment status, where 95% of the salaried permanent workers have a phone whereas only 50% of the unemployed have a phone in 2021

Indian migrant workers send home record $100 billion in 2022: World Bank

It was observed that there was a gradual shift in Indian migrants' key destinations from largely low-skilled, informal employment in the GCC countries to a dominant share of high-income countries

Iran no longer importing tea and basmati rice from India, says report

There is no clarification from Iran for the stoppage but exporters believe that it is due to widespread anti-hijab protests in the country

'World's largest grain storage' scheme for food security soon: Report

The disruptions in food supply and high inflation due to the war in Ukraine have increased food security concerns in several countries, including India

Becoming 'the next China' won't save India from 2023 economic slowdown

'It's hard to see 2023 as a great year for the urban middle-class as global tech-industry layoffs affect jobs and capital availability for startups. Rural demand is anyway sluggish'

Centre still hopeful on 6.4% fiscal deficit on back of tax revenue gains

The net tax revenue budget estimate for FY23 was Rs 19.35 trillion; a boost of Rs 4.5 trillion would take the revised estimates to Rs 23.85 trillion

Govt plans federal oversight of all real-money online games: Report

An Indian panel tasked with drafting the regulation in August proposed a new body to decide whether a game involves skill or chance, and then let skill games be governed by planned federal rules

Govt in advanced stage to launch Rs 3,500-crore PLI scheme for toy sector

Dept in advanced inter-ministerial talks; schemes for bicycles, footwear to follow

FinMin rejects provision for tax benefits to SEZs under DESH Bill

Says proposed incentives would "create havoc" for units outside the zones

Anonymity achieved in all retail CBDC wallet-to-wallet dealings done so far

Around 2,000 transactions recorded in first three days of pilot; aim now is to erase digital trails between wallets