Page 915 - Economy & Policy News

Classification of goods: CBIC comes to the aid of auto component industry

The industry had been worried after the Supreme Court dismissed a review petition filed by the finance ministry over the issue.

House panels recommends rationalising GST on inputs of man-made textiles

The problem of inverted duty structure arises when the finished product is at a lower tax bracket compared to the input raw materials

Sugar exports up 57% to record 10.98 mn tonnes; cane arrears at Rs 6k cr

India's sugar exports rose 57% to 109.8 lakh tonnes during 2021-22 marketing year ended September, resulting in foreign currency inflow worth about Rs 40,000 crore

India emerges as the world's largest producer, consumer of sugar: Govt

India has emerged as the world's largest producer and consumer of sugar and its second largest exporter

Maha cabinet allows home loan for police, speeding up Nagpur Metro project

The Maharashtra cabinet has cleared a proposal to allow police personnel to take home loans at subsidised interest rates

Govt likely to save around Rs 80k crore in FY23 from unused budgeted funds

The government will be saving more than two per cent on the Rs 39.4 trillion budget

Finance ministry rejects 15% benign corporate tax in DESH Bill

Although the commerce ministry is making efforts to finalise the DESH Bill and introduce it in the parliament during the winter session, the finance ministry's stance may delay it

BKU leader Tikait decries 'ban' on tractor-trolleys for travelling in UP

Bhartiya Kisan Union (BKU) leader Rakesh Tikait has criticised the UP government for its recent decision to impose a 'ban' on using tractor-trolleys for travelling.

Centre allocates Rs 26,000 crore for installing 25,000 telecom towers

State-owned BBNL to take up work that will ensure connectivity across the country

'Parliamentary illiteracy' on fiscal issues needs to be overcome: N K Singh

Former finance commission chairman calls for having a fiscal council to debate policy issues

Dip in demand from China, Italy may have hit India's merchandise exports

India's merchandise exports contracted 3.5% to $33.6 bn in September

Registration by medical device resellers made a must, may impact mask sales

Apart from masks, even condoms sold at groceries may be brought within the ambit of the rule; industry feels govt may come out with an exemption list for common items

India govt bonds not added to key index, remain on watch: JPMorgan

Some investors had hoped the Wall Street bank would move towards including Indian bonds this year, following Russia's exit from the widely-followed benchmark

FM radio broadcasting policy relaxes recasting and ownership norms

The centre has also accepted the long pending demand of the radio industry to remove the 15% national cap on channel holding

Existing pharma marketing practices code is adequate: Centre tells SC

Says Indian Pharmaceutical Alliance's investigation report cleared Dolo-650 maker, Micro Labs, of allegations of bribing doctors with freebies worth Rs 1,000 crore

Democracy at work: How various national parties elect their leaders

While the leaders of bigger national parties like BJP and INC have limitation to their powers, smaller parties tend to give wholesome control to their leaders

Can reducing 'state-litigation' solve half of the judiciary's problems?

Yes, the government is the biggest litigant in the country, but this is not the whole truth

Petrol, diesel prices may not fall despite 30% dip in global crude price

In a bid to recover past losses the state-run oil companies may not immediately lift the six-month-long freeze on daily pricing of automobile fuel rates despite a nearly 30% decline in prices

Why is India Inc protectionist?

As a response to a falling rupee and rising current account deficit, the govt is mulling tariff hikes on non-essential imports. But, does India Inc also favours protectionism? Let's find out

India may not be able to completely avoid impact of global recession

Lower global commodity prices to help the economic growth