Page 854 - Economy & Policy News

GSTN now part of AA network to facilitate cash flow lending to MSMEs: RBI

The AA network had been in discussion with the GSTN network for their onboarding for a long time as this would give financial institutions access to data regarding small businesses

FDI equity inflows dip 14% during April-September to $26.9 billion: DPIIT

Foreign Direct Investment (FDI) equity inflows into India contracted by 14 per cent to $26.9 billion during the April-September this fiscal, according to the data of the DPIIT

Govt asks exporters to utilise and reap benefits of India-Australia FTA

There is a need to go beyond the usual buyer-seller meets and get more aggressive towards their ways to sell products in the Australian market, people aware of the matter told Business Standard

Railways eyes Rs 94k cr coal connecting projects as part of Energy Corridor

National transporter targets FY24 to close critical project pipeline

After Economic Survey in January, vision document likely in July

Vision document in July to provide road map for next 3-5 years as well as for 'Amrit Kaal'

Centre says no decision on wheat sale in open markets to cool down prices

Assures adequate stocks if PMGKAY extended beyond December

Financial regulators designed in socialist era, must change: Amitabh Kant

Financial regulators were designed in the "socialist era" and there is a need for a change in the mindset of many regulators to aid economic growth, India's G-20 sherpa Amitabh Kant said on Wednesday

TCS front runner for BSNL 4G network roll out deal, ITI in race too

BSNL will be using a 4G core, developed indigenously for the first time by C-DOT

India's GDP growth may average 6.3% between 2021 and 2030: S&P report

This will help India pip Japan and Germany to become the third-largest economy, S&P says

Navy proposes operationalising Indian Ocean partnership initiative

The Indian Navy had already created a bouquet of initiatives and structures to manage the Indian Ocean

Tax collection to exceed Budget estimate by nearly Rs 4 trn: Revenue Secy

India's tax collection will exceed the budget estimate by nearly Rs 4 trillion in the current fiscal on the back of buoyant income tax, customs duty and GST mop-up, Revenue Secretary Tarun Bajaj said

Agri booster: Centre hikes UP fertiliser quota to over 1.7 million tonnes

State farmers to get additional 88,000 tonnes of DAP in current rabi season; 24 railway rakes carrying DAP and NPK expected to arrive in the state within a week

Solar capacity addition falls marginally in Jul-Sep to 2.7 GW: Report

Solar capacity installations in India fell marginally by around 3 per cent to 2.7 gigawatt (GW) during July-September 2022, according to Mercom India Research

India, Gulf council to launch free trade pact negotiations on Thursday

India and the Gulf Cooperation Council will announce the launch of negotiations for a free trade agreement on Thursday, which aims at promoting two-way commerce and investments between the regions

Centre pushes for reviving export commissioner posts for boosting trade

The export commissioners will be expected to operate under clear targets to expand exports from their states

GDP growth may have beaten MPC estimate of 6.3% in Q2, say most economists

The GDP numbers for the second quarter of the current financial year are scheduled to be out by this month end

Union Budget 2023-24: Govt mulls options on capital gains tax regime

As preparations begin for the next budget, discussions have gained steam around what the government would do with the capital gains tax regime

Total leasing of office space in Oct dips 21% across top 7 cities: JLL

The total leasing of office space, which comprises demand for all grades of buildings, fell 21 per cent year-on-year in October across seven major cities, according to property consultant JLL India

Why is India Inc batting for the small guy?

Business leaders and representatives from industry bodies have recently met Finance Minister Nirmala Sitharaman to propose rationalisation of personal income tax rates and more. Let's find out more

1.6 mn jobs being generated by Centre every month: Ashwini Vaishnaw

Highlighting the Centre's efforts in creating employment opportunities, Union Railway Minister Ashwini Vaishnaw said that about 16 lakh jobs are being generated every month by the central government