Page 909 - Economy & Policy News

Retirees can now opt to continue with 'default' investment plan under NPS

After the new rule kicks in, retirees will be able to choose to continue with the existing plan or choose a new PFM and investment plan

Why India needs a central regulatory framework for online gaming?

In September, the I-T department issued show cause notices to seven online gaming firms and about three dozen high-value players for a possible evasion of Rs 28,000 crore

Sept retail inflation likely to hit five-month high of 7.30% on food prices

India's retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India's (RBI) upper tolerance band

Funds mismatch under new settlement process may invite stricter Sebi norms

According to the new mandate, stock market brokers are required to transfer unused funds back to the client's account at least once each quarter

Rice distribution through PDS, PMGKAY doubled in June-August period

As on September 16, FCI has approximately 22.45 million tonnes of rice and 24.09 million tonnes of wheat in the central pool

Run-up to Budget 2023-24: Centre looks to cut non-priority expenditure

Direct and indirect tax revenues may not be enough to offset food and fertiliser subsidies

Statsguru: Six charts show mounting trade troubles amid uncertain outlook

WTO also revised global growth figures downwards. It now expects the world to register a 2.3 per cent growth, compared to the April estimate of 3.2 per cent for 2023

Finance ministry mulls steps to curb cheque bounce cases: Report

Standard Operating Procedure (SOP) for auto debit and other suggestions would be required

Direct tax mop-up rises 24% YoY to Rs 8.98 trillion in FY23 so far

Refunds amounting to Rs 1.53 lakh crore have been issued between April 1-october 8, an increase of 81 per cent over the corresponding period last year

Nomura moderates India's FY24 GDP growth to 5.2%, says optimism misplaced

Nomura has projected a sharp moderation in India's growth rate for FY24 to 5.2 per cent, saying Indian policymakers are misplaced about their optimism on the country's growth prospects

5th ISA Assembly to focus on energy access, security and transition

The Indian government agreed to support ISA by hosting its secretariat for an initial period of five years

India will stand out with 7% growth rate in FY23 amid global gloom: Sanyal

Sanyal observed that India can grow at 9 per cent in an external conducive environment like in early 2000s when the global economy was growing

India, UAE can benefit from energy, skills, education cooperation: Report

The economies of India and the UAE can benefit significantly from their free trade agreement by sharing knowledge and best practices in education, energy, skills and defence, a report by Deloitte said

Road and highways sector has maximum number of delayed projects: Report

The road transport and highways sector has the maximum number of delayed projects at 248, followed by railways at 116 and petroleum sector at 88, showed a government report.

India-UK Free Trade Agreement talks face deadlock over data: Report

Data localisation and UK companies being allowed to bid for Indian government contracts are among the issues causing a possible deadlock in the final stages of the India-UK FTA negotiations

Direct tax collection jumps 24% to Rs 9 trn in FY23 so far, says I-T dept

After adjusting for refunds, the net direct tax collections between April 1 - October 8 stood at Rs 7.45 trn, which is 52.46% of the Budget estimates for the full year tax collection target

To boost night life, Delhi LG allows 300 firms to operate round-the-clock

Delhi LG VK Saxena has approved over 300 establishments, including online shopping and delivery shops, hotels, restaurants, and transport facilities, to operate round-the-clock

Real estate PE investment up 40% in Apr-Sep driven by foreign fund inflows

PE investment in real estate increased 40 per cent during the April-September period of this fiscal to $2.8 billion, with a huge inflow coming from foreign funds, says a report

India's crude steel output rise by 2.5% at 30 MT in Jul-Sep: Report

India's crude steel output rose by 2.56 per cent to 30.06 million tonne (MT) during the July-September period of the ongoing financial year

ICAO agrees on net-zero emissions by 2050, India secures concessions

According to ICAO, the net-zero targets will rely on the adoption of new aircraft technologies, streamlined flight operations and the use of sustainable aviation fuels