Page 957 - Economy & Policy News

Tax conundrum: FPIs uneasy after 18% GST on regulatory services

Set to approach Sebi, finance ministry for clarification

PM Modi reshaped India's foreign policy with national interest at core: EAM

Elaborating on the country's foreign policy, Jaishankar said that a large element of this is also the manner in which the Prime Minister carries himself.

Top headlines: Nitish resigns as Bihar CM; WhatsApp announces new features

India's fuel demand in July rose 6.1% year-on-year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday.

Indian visitors to Dubai more than double to 858,000 in Jan-Jun 2022

Dubai attracted 71.2 lakh international overnight visitors between January and June 2022, recording close to three-fold growth in visitors compared to 25.2 lakh tourists in the same period in 2021.

Only DA change, no plans for setting up 8th Pay Commission, says govt

The government had set up 7th Pay Commission in February, 2014. The recommendations of the panel were effective from January 1, 2016

Private sector should invest in technology, boost R&D to help economy: CEA

Chief Economic Advisor V Anantha Nageswaran on Monday said the private sector needs to invest more in technology and research and development, and pay the MSME suppliers on time to help the economy

India's new rules for data privacy may be more like China's than Europe's

The Indian government has junked the personal data protection bill, and decided to replace it with "a comprehensive legal framework"

Chinese companies may have to exit sub-Rs 10,000 mobile market

While discussions on the strategy are on, there's a growing consensus within the government that the lower end of the market should be reserved only for the domestic players

Govt to decide on re-initiating BPCL sale after reviewing situation: FinMin

The government in May withdrew its offer to sell its entire 52.98% stake in BPCL, saying that majority of bidders have expressed their inability to participate in the current privatisation process

Reckitt contributes Rs 7,880 cr to India's GDP in 2021: Oxford Economics

India is among the top three markets for Reckitt, earlier known as Reckitt Benckiser, and owns popular household brands such as Dettol, Lysol, Harpic, Durex, Veet and Strepsils

Trade settlement in rupee: Fearing sanctions by West, banks seek clarity

Large banks with overseas operations have sought clarity and assurance from RBI that they will not be targeted with sanctions for facilitating rupee trade with a sanction-hit country such as Russia

Commerce ministry recommends anti-dumping duty on Chinese cutting tool

The directorate in its findings has concluded the item is being imported from China into India in significant quantities in both absolute and relative terms

Govt orders restrictions on export of maida, semolina and wheat flour

Last month, the government had curbed exports of wheat flour and before that it had banned wheat exports on May 13

Paddy acreage still down 13%, triggers final output fall concerns

In several states, farmers have already moved on to other short-duration crops such as pulses and coarse cereals abandoning paddy

Delay could make 7th Economic Census data trivial, says House panel

The committee in its 44th report tabled in Parliament in March had recommended that MoSPI should release the Economic Census without any further delay lest the data becomes infructuous

Setting up GSTAT: GoM may pitch for easing eligibility for states' officers

States learnt to be at loggerheads with Centre as they seek equal representation

Financial deficit of power distribution sector at highest ever: PFC

Annual rating reveals absolute cash-adjusted losses increased by 10% in the sector between FY19 and FY21

Proposed carbon credit mandate to open green avenues for industry

Market expected to grow to $200 billion; industry awaits further clarity on rules

Recovery tracker: Higher power generation, improved freight numbers

Power generation gap widened over 2019

Job demand stays flat in July amidst fears of global recession: Report

The report further revealed that tier-II cities are now frontrunners in hiring with Coimbatore and Ahmedabad, indicating growing demand for talent across segments.