Page 874 - Economy & Policy News

Manufacturing PMI recovers to 55.3 in Oct amid contained price pressures

Manufacturing employment increases at 'marked rate' as factories report rise in orders, says survey

Credit to industry up 12.6% YoY in September; touches 100-month high

Apart from base effect, credit to industry got a big boost from MSMEs; among sectors, petroleum, gems & jewellery, engineering, iron & steel, and construction were key drivers

Define game of chance, game of skill to decide on taxation: GST law panel

The law panel has informed the group of Ministers (GoM) that a clear definition will clear confusion and reduce scope for multiple litigations

Borrowing costs bite: Interest-rate surge hurts corporate profits

Interest expenses of listed firms (ex-BFSI) were up 18.5% YoY in Q2FY23

Unemployment rate rose to 4-month high of 7.77% in October: CMIE data

Among the 25 states for which data is available with the CMIE, six states registered the unemployment rate in double digits

FM Sitharaman lists climate finance, crypto regulation as key G-20 agenda

Nirmala Sitharaman says India will push for the voice of developing and low-income nations

GST collection over Rs 1.51 trillion in October, second highest ever

Revenue for October is second highest monthly collection, next only to April 2022

Centre slashes windfall tax on domestic crude oil, increases on ATF export

At its seventh fortnightly review, the government hiked the tax on the export of ATF to Rs 5 per litre from Rs 3.50

NITI wants infra projects lagging for decades completed by FY23-end

Shortlists 494 projects, including 279 roads and highways worth Rs 1.92 trillion, petroleum projects worth Rs 1.11 trillion, almost a trillion rupees worth of railway projects

Under scanner: Special mechanism for sharing trade data in the works

CBIC come across 12-13 cases of import-export data leaks to dark web

India needs to be flexible as G-20 chief in face of global challenges: CEA

Nageswaran flags climate finance as a key agenda of bloc in face of 'unknown unknowns'

UP Defence Corridor set to realise Rs 50,000 cr investment potential

MoUs for investment worth Rs 12,000 crore already signed with private firms and institutions, says nodal chief

'Centre looking at PLI 2.0 for textiles to make it globally competitive'

The government is considering the second phase of the PLI scheme for the textile sector to help the industry compete with top exporting countries like China and Vietnam, Piyush Goyal

Warehousing biz grows 45% in first 9 months of 2022 amid headwinds: Experts

Net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves

Market borrowing cost for states remains elevated at 7.83%, says Icra

The weighted average cut-off slipped to 7.83 per cent from 7.84 per cent last week, despite the rise in weighted average tenor to 15 years from 13, Icra said

Changed and new rules for National Pension Scheme: All you need to know

Here is a list of the changed and new rules by Irdai and PFRD regarding the National Pension Scheme

India, Australia discuss early closure of trade deal signed 7 months ago

Both nations to hold annual joint ministerial commission meeting early next year

CBDT proposes common ITR with focus on crypto assets declaration

New return to also seeks details on foreign equity and debt held by resident Indians; much more exhaustive list for NRIs

Door open for no regulation of satellite spectrum in revised telecom Bill

Revised telecom bill will aim to list guidelines for satellite spectrum, say officials; several stakeholders have argued for separate provisions

Janaushadhi stores for affordable medicines grew 100-times in 8 yrs: Govt

More than Rs 15,360 crore estimated to have been saved due to central government service