Page 959 - Economy & Policy News
PM Modi, Philippines prez Ferdinand Marcos review bilateral ties progress
Prime Minister Modi reiterated the important role that the Philippines plays in India's Act East Policy and its Indo-Pacific Vision, and expressed the desire to further expand bilateral relations.
 "PM Modi, Philippines prez Ferdinand Marcos review bilateral ties progress")
Value of defence offset commitment in 15 years stands at $6.83 bn: Govt
The total value of defence offset commitment that needed to be implemented over the last 15 years has been estimated at USD 6.83 billion, the government said in Lok Sabha on Friday.
 "Value of defence offset commitment in 15 years stands at $6.83 bn: Govt")
Developments in Taiwan will not impact India, says RBI Governor Das
The Governor said Taiwan accounts for only 0.7 per cent of India's overall trade and the capital flows from the island are also not very high.
 "Developments in Taiwan will not impact India, says RBI Governor Das")
BBPS inward payments to deepen cross-border payment ecosystem in India
Bharat Bill Payment System (BBPS), under the aegis of the RBI, allows recurring utility bill payments through an integrated platform
 "BBPS inward payments to deepen cross-border payment ecosystem in India")
Lack of clarity on GST paid on liquidated damages may lead to litigation
There is fear that entities may be asked to reverse ITC or pay back refunds, experts say
 "Lack of clarity on GST paid on liquidated damages may lead to litigation")
PM Narendra Modi to chair NITI Aayog governing council meeting on Sunday
PM Modi will chair the seventh governing council meeting of the NITI Aayog on Sunday and this, his office said, will pave the way for a new era of collaboration between the Centre and the states.
 "PM Narendra Modi to chair NITI Aayog governing council meeting on Sunday")
No proposal for bilateral trade deal with Afghanistan: MoS Muraleedharan
He said, the govt has seen reports regarding the proposed extension of the so-called CPEC, and said any such actions by any party directly infringe on India's sovereignty and territorial integrity
 "No proposal for bilateral trade deal with Afghanistan: MoS Muraleedharan")
RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history
RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know
 "RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history")
How a labour helpline is assisting informal workers in recovering wages
In nine months, the India Labourline phone helpline for migrant/informal workers has registered more than 3,600 cases related to compensation and wage theft
 "How a labour helpline is assisting informal workers in recovering wages")
Andhra Pradesh seeks to attract $4 billion investment in EV segment
Andhra Pradesh is seeking to position itself as the lighthouse state' and attract investments to the tune of four USD billion in the electric vehicles segment over the next few years.
 "Andhra Pradesh seeks to attract $4 billion investment in EV segment")
Russia undercuts Saudi Arabian oil in India as competition heats up
Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May
 "Russia undercuts Saudi Arabian oil in India as competition heats up")
Why does India not have a data protection bill yet?
The government withdrew the Personal Data Protection Bill 2019 from the Parliament on Wednesday, while promising to come back with a new draft. Why is India still waiting for a data protection law?
 "Why does India not have a data protection bill yet?")
What are short- and long-term capital gains taxes?
Gains made on the sale of equity shares are taxable. The percentage of tax depends on how long you kept the shares. Let's find out about these taxes
 "What are short- and long-term capital gains taxes?")
India should gradually withdraw fiscal, monetary stimulus, says IMF
In its latest External Sector Report, IMF said India should further liberalise its investment regime accompanying it with reduction in tariffs, especially on intermediate goods
 "India should gradually withdraw fiscal, monetary stimulus, says IMF")
Rail passenger mobility at 70% of pre-Covid levels still shy of target
Between April and June, the national transporter saw 1.46 billion bookings for its passenger services, which include suburban and non-suburban trains
 "Rail passenger mobility at 70% of pre-Covid levels still shy of target")
Faceless assessment: Fresh SOPs issued to address taxpayers' conflicts
The faceless centre, constituted by the Central Board of Direct Taxes, is the nodal authority and works as an interface for the faceless regime
 "Faceless assessment: Fresh SOPs issued to address taxpayers' conflicts")
Russia becomes India's third-largest coal supplier in July, shows data
India's imports from Russia have jumped nearly five times to over $15 billion ever since Russia invaded Ukraine
 "Russia becomes India's third-largest coal supplier in July, shows data")
Bumper GST collections could lead to compensation windfall for states
Extending compensation is a topic that has remained a sticking point in India's federal structure, with not only opposition states but also BJP-governed states speaking about it
 "Bumper GST collections could lead to compensation windfall for states")
Major firms bet on Rajasthan's green power push, especially solar
Reliance Group leads the pack with plans to invest around Rs 1 trillion in solar power projects of 20,000 Mw in Jodhpur, Barmer, and Jalore, among other places
 "Major firms bet on Rajasthan's green power push, especially solar")
Foreign tourist arrivals pick up, but still a long way behind 2019 levels
Govt spells out two-pronged strategy to improve numbers; but industry warns of low interest in India
 "Foreign tourist arrivals pick up, but still a long way behind 2019 levels")