Page 925 - Economy & Policy News

Govt employees' pension: 'Old versus new' debate gathers momentum

Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states

Reports of request for windfall tax review misleading: Oil ministry

The Ministry has not however categorically denied making a request to exempt certain oil blocks

Govt working on PLI schemes for more products to boost manufacturing: Goyal

The government had rolled out PLI schemes for 15 key sectors, including technology, textile, automobile, pharmaceutical drugs, speciality steel, electronics, among others

Union Cabinet to approve National Logistics Policy on Wednesday: Report

While launching the policy, the prime minister had said that "from 13-14 per cent (of the GDP), we should all aim to bring the logistics cost to single-digit as soon as possible".

IBBI fixes timelines for the liquidation process to reduce delays

If any claim is not filed during the liquidation process, the amount of claim collated during CIRP should be verified by the liquidator

Centre notifies new Medical Device Rules to smoothen licensing procedure

Allows self declaration on portal for licensing purposes

Oil ministry says windfall profit tax response to dynamic situation

"The extent of its applicability, reference period, amount of cess/ tax/ duty, the incidence of tax liability, a mechanism for review are integral to such a tax," the ministry said.

G20 trade ministerial: WTO reforms, supply chains may dominate agenda

Minister Goyal is expected to hold bilateral meetings with counterparts from member countries

Diwali an auspicious date to sign India-UK FTA: British High Commissioner

Currently, both countries are at the last leg of negotiations towards a trade deal that kick-started in January

Companies should brace for continued or higher inflation: HUL CEO Mehta

Businesses need to be prepared for possibilities of a continued or higher inflation and deflation of commodity prices in next 2-3 years, Hindustan Unilever CEO and MD Sanjiv Mehta said

Top headlines: KKR to invest in Hero's RE arm; CEA pegs FY23 growth at 7%

SpiceJet has sent approximately 80 pilots on leave without pay for three months in order to rationalise its costs.

India pitches green hydrogen, renewable financing to Singapore Deputy PM

India is expected to pitch green bonds and similar such new age financing tools for investment in the Indian renewable energy sector

'Signing India-UK free trade pact will be best way to celebrate Diwali'

The FTA is expected to give a major thrust to Indian exports in labour intensive sectors like leather, textile, jewellery, processed agro products, etc

DPIIT planning multi-media campaign to promote over 400 GI products

The notice said lack of promotion and publicity of Indian GI products have led to minimum awareness and interest within the young generation thus translating into very limited usage of these goods

Govt actively studying duties levied on steel exports: Jyotiraditya Scindia

When a decision is taken on this you shall be be informed," he said in reply to a question whether government is considering removing export duty on iron ore and steel intermediaries.

India would be $25-trn economy in 25 years: NaBFID Chairman K V Kamath

Kamath also said all the necessary policies and framework related to NaBFID have been done. We are on schedule (that) the government has in mind," he said

Rice shipments stuck at ports due to export ban; traders seek Centre's help

At least 20 ships are waiting to load around 600,000 tonnes of rice at Indian ports as New Delhi's surprise export restrictions have trapped cargoes for nearly a fortnight

CEA says India poised to grow at 7% this year and for rest of decade

Economic Survey had pegged FY23 GDP growth higher at 8-8.5%

Govt may retain or cut bond borrowings for current fiscal on robust revenue

India may keep its market borrowing plan for the financial year intact, with a recent uptick in revenues likely to lead to a discussion on whether the target can be reduced

At it yet again! The sequencing problem in setting a base year for GDP

The current datelines imply the GDP changes will happen only after the general elections of 2024