Page 857 - Economy & Policy News
Top headlines: Draft personal data protection Bill, e-commerce fake reviews
Business Standard brings you the top headlines at this hour
 "Top headlines: Draft personal data protection Bill, e-commerce fake reviews")
G20 presidency would be a big boost to investment in tourism: Kishan Reddy
Reddy said that Mizoram is a beautiful state with huge potential in adventure and eco-tourism and that ITM plans to facilitate interaction between government agencies and stakeholders.
 "G20 presidency would be a big boost to investment in tourism: Kishan Reddy")
Companies can add $460 bn to profits with better AI implementation: Study
three things companies need for these gains are improved data practices, trust in advanced AI, and AI integration with business operations
 "Companies can add $460 bn to profits with better AI implementation: Study")
Works under SBM to attract GST if not done for govts, authorities: AAR
Work done for State Urban Development Agency under the Swachh Bharat Mission (SBM) and Mission Nirmal Bangla would not be exempt from GST, according to the state Authority for Advance Rulings (AAR)
 "Works under SBM to attract GST if not done for govts, authorities: AAR")
Old Pension Scheme approved by Punjab Cabinet, says CM Bhagwant Mann
Punjab Chief Minister Bhagwant Mann on Friday said that the state cabinet has approved the reimplementation of the old pension scheme, which was discontinued in 2004
 "Old Pension Scheme approved by Punjab Cabinet, says CM Bhagwant Mann")
Economy resilient, on track to grow at about 7% in FY23: RBI report
Headline inflation showing signs of easing, it says
 "Economy resilient, on track to grow at about 7% in FY23: RBI report")
Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period
During the same period a year ago, CPSEs were able to exhaust only 44.78 per cent of the full year target
 "Capex by CPSEs accelerates to 53% of annual target during Apr-Oct period")
CAG to audit municipalities in context of 74th constitutional amendment
The CAG audit looks into utilisation of grants that are released from the Centre to ULBs on recommendations of the finance commission
 "CAG to audit municipalities in context of 74th constitutional amendment")
Draft personal data protection Bill: Penalties may range up to Rs 250 crore
Updated legislation allows data to be transferred to 'trusted geographies' listed by the government
Wheat acreage till Nov 18 up 15% YoY, record open market prices spur sowing
Centre refutes the assertion of artificial shortage of fertilisers in country
 "Wheat acreage till Nov 18 up 15% YoY, record open market prices spur sowing")
India likely to join IPEF's first negotiating round next month in Brisbane
Shall be part of non-trade discussions in Brisbane on Dec 10-15
 "India likely to join IPEF's first negotiating round next month in Brisbane")
E-commerce fake reviews: Centre to issue standard guidelines next week
According to sources, the e-commerce companies will also be asked to remove unverified buyers and reviewers, and on failing to do so, action will be taken against them
 "E-commerce fake reviews: Centre to issue standard guidelines next week")
India on its way to become $30 trn economy, developed nation by 2047: Goyal
Piyush Goyal said that ONDC is a game-changing initiative, which aims to democratize e-commerce to give equal opportunity to start-ups and young entrepreneurs
 "India on its way to become $30 trn economy, developed nation by 2047: Goyal")
Inflation moderation key to sustain retail sales growth: Retail body chief
Kumar Rajagopalan of Retailers Association of India sounds hopeful that the industry will grow by 20% in the Oct-Dec wedding season
 "Inflation moderation key to sustain retail sales growth: Retail body chief")
Trai recommends applying trusted source procurement rule on data centres
Trai has recommended to bring IXPs under a separate authorization in Unified License that are much less onerous than internet service providers license authorization
 "Trai recommends applying trusted source procurement rule on data centres")
India to be a semiconductor manufacturing hub: Rajeev Chandrasekhar
Chandrasekhar said India is well positioned to emerge as a major player in electronics and semiconductor products manufacturing as part of the 'China Plus One' diversification strategy
 "India to be a semiconductor manufacturing hub: Rajeev Chandrasekhar")
UK backs India, Germany, Japan, Brazil as permanent members of UNSC
India's current two-year term as non-permanent member of the Security Council will end next month, after it has presided over the 15-nation Council
 "UK backs India, Germany, Japan, Brazil as permanent members of UNSC")
ONDC a 'game-changer' in democratising e-commerce business: Piyush Goyal
Goyal said, The ONDC has that ability to transform the e-commerce sector not only in India, but also in the whole world
 "ONDC a 'game-changer' in democratising e-commerce business: Piyush Goyal")
Retail inflation for farm and rural workers eases slightly to 7.22% in Oct
The CPI-AL was at 1,149 points in September 2022, while CPI-RL was at 1,161 points
 "Retail inflation for farm and rural workers eases slightly to 7.22% in Oct")
Committed to working quickly on UK-India free trade agreement: Rishi Sunak
He was questioned by Opposition Labour Party Leader Keir Starmer and his own Conservative Party MPs on the timeline for the completion of the agreement with India
 "Committed to working quickly on UK-India free trade agreement: Rishi Sunak")