Page 865 - Economy & Policy News
Rajasthan govt plans e-auctions for mines, minerals to boost production
Mines Minister Pramod Jain Bhaya said the auction of the mining plots increased the revenues of the state government and stopped illegal mining
 "Rajasthan govt plans e-auctions for mines, minerals to boost production")
Weak revenue, high capital outlays to keep States' debt at decadal high
The aggregate indebtedness of states, is expected to remain elevated at 30-31 per cent this fiscal, almost similar to 31.5 per cent of last fiscal, Crisil report said
 "Weak revenue, high capital outlays to keep States' debt at decadal high")
Govt ropes in Indian missions, Carrefour, Walmart to promote millet exports
The government has formulated a strategy which includes involvement of Indian missions abroad as well as global retail supermarkets Carrefour and Walmart to promote exports of millets.
 "Govt ropes in Indian missions, Carrefour, Walmart to promote millet exports")
E-commerce firm not liable to pay GST on cab service by third parties: AAR
Experts say Karnataka authority's ruling would not apply to Uber, Ola and other cab aggregators
 "E-commerce firm not liable to pay GST on cab service by third parties: AAR")
India-US CEO forum discuss ways to strengthen bilateral economic ties
This is the sixth time the forum has been convened since its reconstitution eight years ago by both nations
 "India-US CEO forum discuss ways to strengthen bilateral economic ties")
Current account deficit likely to be lower at 3% this fiscal: SBI report
CAD has a counter cyclical shock absorber, he said in a report on Thursday
 "Current account deficit likely to be lower at 3% this fiscal: SBI report")
India in talks with other countries to export green hydrogen, official says
"We are in a position to make green hydrogen as our main source of energy in the future," Prabhat Kumar, an additional secretary of the external affairs ministry, said at an industry event.
 "India in talks with other countries to export green hydrogen, official says")
Centre unveils India's first national repository for life science data
Data submission and access portals for other data types are under development and would be launched shortly
 "Centre unveils India's first national repository for life science data")
India and China are converging to high income levels, says Moody's
"The remainder have been in the same income category for decades and are either converging at a relatively slow pace or diverging from high-income levels," Moody's said.
 "India and China are converging to high income levels, says Moody's")
India doesn't believe in world order where nations deemed superior: Rajnath
His comments came amid increasing concerns over China's aggressive military posturing along the Line of Actual Control (LAC) as well as in the Indo-Pacific.
 "India doesn't believe in world order where nations deemed superior: Rajnath")
Bihar to sign MoU with ICCR to showcase its soft power to world: Official
The department is now preparing a calendar of live art and heritage performances to be held worldwide in the coming months after this MoU, she said.
 "Bihar to sign MoU with ICCR to showcase its soft power to world: Official")
Inflation likely slowed in Oct, still well above RBI target band: Report
Forecasts ranged from 6.40% to 7.35%, with three-quarters of respondents expecting a figure under 7.00%, well below the recent peak of 7.79% in April. The RBI's tolerance band is 2-6%.
 "Inflation likely slowed in Oct, still well above RBI target band: Report")
Centre may introduce changes to capital gains tax rules, says report
A task force had recommended changes in indexation benefit rules for the capital gains tax in 2019, and it is expected to be the main basis of the review
 "Centre may introduce changes to capital gains tax rules, says report")
Sugar mills clinch export deals within days of govt approval, says dealers
The quick shipments from the world's biggest producer of the sweetener and its second biggest exporter, could weigh on global prices, but help Indian mills in liquidating stockpiles quickly
 "Sugar mills clinch export deals within days of govt approval, says dealers")
India saved $4 bn in fuel costs via solar power in first 6 mnths: Report
India saved $4.2 bn in fuel costs through solar generation in the first half of 2022 and 19.4 mn tonnes of coal that would have further stressed an already strained domestic supply
 "India saved $4 bn in fuel costs via solar power in first 6 mnths: Report")
Top Bollywood celebrities under CBIC scanner over alleged GST evasion
Face charge of incorrect declaration to dodge tax
 "Top Bollywood celebrities under CBIC scanner over alleged GST evasion")
Sebi now receives lesser complaints, resolves them at faster pace
Even as number of investors has risen, shows SCORES data
 "Sebi now receives lesser complaints, resolves them at faster pace")
Setback for realty developers as SC recalls order capping interest rate
With the recent order, the way has been unlocked for the government authorities to get the land dues worth Rs 40,000 crore from the defaulters which were pending for years
 "Setback for realty developers as SC recalls order capping interest rate")
India says will need coal until 2040 and beyond, says Pralhad Joshi
Addressing a parliamentary committee, minister in charge of coal Pralhad Joshi said the fuel was an affordable source of energy and demand for it had yet to peak in India
 "India says will need coal until 2040 and beyond, says Pralhad Joshi")
Govt to finance green bond projects and initiatives under 9 categories
Proceeds will be deposited in the Consolidated Fund of India
 "Govt to finance green bond projects and initiatives under 9 categories")