Page 953 - Economy & Policy News
India $5-trn economy by FY29 only if it grows at 9% for 5 yrs: Ex-RBI Guv
I see eight key challenges for India to overcome to achieve the dream of USD five trillion economy," a press release from FTCCI quoted Subbarao as saying.
 "India $5-trn economy by FY29 only if it grows at 9% for 5 yrs: Ex-RBI Guv")
Indian ship used to reroute Russian-linked fuel to New York: US tells India
The United States has expressed concern to India that it was used earlier this year to export fuel made from Russian crude to New York through high-seas transfers, a top Indian central banker said
Direct tax collection grows 40% driven by personal income tax from Apr-Jul
Personal income tax collection posted a growth of 52% YoY at Rs 2.67 trillion, while corporation tax collection stood at Rs 45,000 crore
 "Direct tax collection grows 40% driven by personal income tax from Apr-Jul")
Centre proposes uniform tariff for renewable energy procurement by states
Monthly revision of rates for states to purchase RE
 "Centre proposes uniform tariff for renewable energy procurement by states")
Capital goods production expands in June, led by capex revival
The Index of Industrial Production for June, released on Friday, showed capital goods output -- which is a barometer of investment -- rose by 26.1 per cent over the year-ago period, the sharpest among
 "Capital goods production expands in June, led by capex revival")
New law for SEZs: Commerce ministry proposes host of incentives
The official said the commerce ministry has sought views of different ministries, including finance, on the new bill
 "New law for SEZs: Commerce ministry proposes host of incentives")
Eye on FTAs, Centre turns to GSTN for services trade data mining
Currently, the value of exports and imports of services is released by the Reserve Bank of India (RBI) and it comes with a lag of over two months
 "Eye on FTAs, Centre turns to GSTN for services trade data mining")
We must rejuvenate SAARC, says former Bhutan PM Tsering Tobgay
Tobgay's lecture was moderated by former Indian foreign secretary Shyam Saran, and part of a monthly series organised by the Centre for Policy Research, to mark Azadi Ka Amrit Mahotsav
 "We must rejuvenate SAARC, says former Bhutan PM Tsering Tobgay")
Indians have proved the sceptics wrong, says President Droupadi Murmu
In her maiden I-Day address, President Droupadi Murmu says India's growth is more inclusive
 "Indians have proved the sceptics wrong, says President Droupadi Murmu")
Grim diagnosis: Govt health centres face shortage of doctors, shows data
Almost two-thirds of the country's population resides in rural areas and yet only 33 per cent of the total health workers and 27 per cent doctors are available, revealed the 2021 statistics
 "Grim diagnosis: Govt health centres face shortage of doctors, shows data")
Statsguru: Six charts show hits and misses after India's independence
India's per capita gross domestic product (GDP) rose from less than $100 in 1960 to over $2,200 in 2021
 "Statsguru: Six charts show hits and misses after India's independence")
Ukraine conflict: India's LNG firms see rising costs, shrinking supplies
Rising costs and shrinking supplies will impact major expansion plans
 "Ukraine conflict: India's LNG firms see rising costs, shrinking supplies")
FinMin plans to review exemption-free tax regime to make it more attractive
The finance ministry is proposing to soon review the exemption-free new tax regime with a view to making it more attractive for individual income taxpayers, sources said
 "FinMin plans to review exemption-free tax regime to make it more attractive")
HP's outstanding debt-GSDP ratio much above the target set by 15th FC: CAG
The Comptroller and Auditor General (CAG) of India in its report, said the total outstanding debt-GSDP ratio, which stood at 42.91%, was above the target set by the 15th Finance Commission (36%).
 "HP's outstanding debt-GSDP ratio much above the target set by 15th FC: CAG")
India at 75: Here's how much our per capita income has zoomed since 1950
Since 1950, India's per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1,28,829 in 2020-21
 "India at 75: Here's how much our per capita income has zoomed since 1950")
World's highest Chenab railway bridge inaugurated in Jammu & Kashmir today
For the first time ever since independence, Srinagar will be linked to the rest of India after the overarch deck on the world's highest single-arch railway bridge over Chenab River will be launched.
 "World's highest Chenab railway bridge inaugurated in Jammu & Kashmir today")
CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra
India's economy is predicted to overtake that of the US by 2048, said Patra
 "CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra")
Centre reinstates Shah Faesal as Deputy Secretary in Tourism Ministry
The Central government has reinstated controversial IAS officer Shah Faesal and appointed him as Deputy Secretary in the Tourism Ministry
 "Centre reinstates Shah Faesal as Deputy Secretary in Tourism Ministry")
Cooling food prices pull inflation down to five-month low in July
Industrial output stays robust, tops pre-Covid level
 "Cooling food prices pull inflation down to five-month low in July")
No GST on residential premises if rented out for personal use: Govt
The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.
 "No GST on residential premises if rented out for personal use: Govt")