Page 929 - Economy & Policy News

EPFO likely to set up offices in Latin America, Africa soon: Report

With the new offices in other continents, the organisation is aiming to help the smaller countries in the region to develop their own social security

Businesses will be able to claim pre-GST tax credits from October 1: Report

When the new tax regime under GST was introduced in 2017, several businesses could not file their tax claims due to a lack of clarity on the rules and technical glitches

Explained: How govt imposing curbs on rice exports will affect India

The restrictions were placed, because sowing has not been up to expectations on account of irregularities in rainfall

Defence PSUs to hold roadshows in Dubai, Abu Dhabi to woo investors

These will set the stage for future stake sale by the government

Amid high inflation, surge in services demand helps steady India's economy

The indicators showed sentiment in the services sector -- which accounts for over 50% of the $3.2 trillion economy -- was upbeat, tax revenue were robust and demand for loans high.

GST collection sees incremental growth in FY23 first quarter: Delhi govt

The Delhi's government GST collection has registered an incremental rise in the first quarter of the financial year 2022-23, standing at Rs 4,349 crore in August

India's hiring outlook ranked second globally: ManpowerGroup report

The report showed that India has the strongest net employment outlook for the December quarter in the Asia- Pacific region, followed by China (46 per cent), and Australia (38 per cent)

Former Sebi chief Damodaran to head committee to boost PE/VC investments

Finance minister Nirmala Sitharaman in her FY23 budget had proposed to set up the committee

Power Ministry pitches PFC as India's lead DFI for energy transition

Power min writes to FinMin, pitching PFC as lead agency for energy transition funding

States borrowing cost continues to fall for 4th week, down 6 bps to 7.46%

The borrowing cost for the states fell for the fourth consecutive week as the weighted average cut-off eased 6 basis points (bps) to 7.46 per cent at the weekly auctions on Tuesday

State govts step up relief measures for households battling inflation

Kerala distributed a package of free food items costing about 450 rupees ($5.70) each to over 8 million families during the Onam festival earlier this month.

Manufacturing in dire straits: Output up just 1.1% compared with 2019-20

Electricity output has grown around 11%; consumer durables and non-durables have contracted 6.7% and 2.4%, respectively

India June quarter GDP growth second worst among G20 nations: OECD

In India, the main reasons for the slowdown were decreases in government spending and net trade (exports minus imports), according to OECD calculations.

Telecom association demands 'converged' law for various digital services

The telecom industry body was responding to a DOT consultation paper, which aims at reviewing the existing legal and regulatory provisions governing telecommunications

Centre considering 100% WFH across all SEZ units, says Piyush Goyal

The move is expected to create employment opportunities in small cities and increase the export of services

Post-Covid regional trade to be on PM Modi's agenda at SCO Summit

May hold first bilateral meeting with Chinese President Xi since 2019

Module producers, project developers at loggerheads over solar policy

Both are cogs in the wheel to help India install 500 gigawatts (Gw) of non-fossil fuelled power by 2030

No shortage of fertilisers in the country; no hike in prices: Mandaviya

In the case of urea, the Centre fixes the Maximum Retail Price (MRP) and reimburses the difference between MRP and production cost in the form of a subsidy

India's industrial production growth less than estimates: Morgan Stanley

Manufacturing activity growth slowed to 3.2 per cent, and electricity production to 2.3 per cent

Organised food, grocery retailers' revenues to grow 20% YoY in FY23: Crisil

Also, despite heightened competition from quick commerce players, revenue of food and grocery retailers will be higher by 38% over FY20