Page 852 - Economy & Policy News

Arunachal Pradesh spending Rs 500 crore to upgrade district hospitals: CM

"Our efforts are bearing results. We have reduced the infant mortality rate to 10% and reduced the human resources gap in the health sector from 33% to 6%," he said

IT sector hiring down 43% in Oct; recovery likely in Jan-March: Study

Ukraine war, funding cuts for start-ups, companies tightening spending among reasons for hiring decline

Offline, online sales soar as shoppers clamour for best Black Friday deals

Retail brands and malls expect sales to grow by as much as 50% this time over the 2019 figures, when Black Friday as a concept began gaining momentum in India

Sunflower oil shipments to India from Russia, Ukraine return to normal

Argentina stays top exporter to India since war broke out

States' Budget demand: 60% GST share, extended compensation period

State finance ministers demanded greater fiscal autonomy through an increase in states' share in goods and services tax (GST) to 60 per cent, from 50 per cent at present

Is the capital goods sector on the recovery path as inflation eases?

Revenue growth estimates have moderated post Q2 but the bottom may be close

Telangana HC slams 'mechanical way' of issuing GST show cause notice

Court says notice for cancelling registration should not be sent out in cavalier manner

300-400 new Vande Bharat trains to be announced in upcoming Union Budget

According to a railway ministry official, there will be an announcement for provision of 300-400 new Vande Bharat trains in the Union Budget 2023-24 which will be the highest ever allocation

Wheat acreage up nearly 10% as rabi sowing nears halfway, shows data

Usually wheat is sown in around 30.5 million hectares of which so far around 15.28 million is already sown

Centre to review spending pattern of rural job scheme ahead of Budget

The October work demand under the scheme, according to the MGNREGS website, is the lowest in a month so far in this financial year

Data regulation provision to be included in new Digital India Act

The government has issued a draft of a new data protection bill after it withdrew the previous version of the bill from the Lok Sabha in August citing several overlapping rules in the modified version

Punjab seeks Rs 2,500 cr industrial package to develop border districts

Punjab FM Cheema has sought a border-area special industrial package of Rs 2,500 cr for development of the state's border districts

States seek greater fiscal space, budgetary autonomy from finance ministry

The federal government fixes the permissible budget gap. It was set at 3.5% of GSDP for 2022-23, with some extra room given to states who meet certain conditions

Budget 2023 demands: Mutual Fund body asks for preferential tax treatment

In its budget proposals for 2023-24 to the finance ministry, Amfi has proposed that Gold ETFs and FoF should be subjected to long-term capital gains tax of 10%

RBI, UAE central bank discuss mechanism to trade in local currencies

Negotiations between India-GCC FTA expected in Jan-March quarter

India, UAE central banks discuss rupee-dirham trade prospects: Official

The objective of the exercise is to reduce the cost of transactions, said India's Ambassador to the UAE

India's wheat planting area up nearly 11% y/y on record prices

Farmers have also increased acreage under rapeseed, the key winter-sown oilseed, to 7.1 million hectares as of Nov. 25

Centre releases Rs 17k cr GST compensation to states, says FinMin

"This is despite the fact that total Cess collection till October 2022 is only Rs 72,147 crore and the balance of Rs 43,515 crore is being released by the Centre from its own resources," the ministry

India's forex reserves grow for second week; rise $2.54 bn to $547.25 bn

In the second consecutive week of an increase in the kitty, India's forex reserves have grown by $2.537 billion to $547.252 billion for the week ended November 18, the RBI said on Friday

India capable of growing 9%, but 6.5-7% satisfactory: Sanjeev Sanyal

India is following an "investment and export-driven growth model" and against the backdrop of "turbulent" global times