Page 960 - Economy & Policy News

Companies raise funds via CP to lock in lower rates ahead of RBI policy

Ahead of the RBI's monetary policy, most companies are rushing to short-term debt market to raise funds through commercial papers to lock-in lower rates.

Top headlines: Windfall tax, India's 5G market, US Fed rates, and more

India to account for about 15% of worldwide market for the 3.5 GHz-based 5G radio and network: Global telecom gear makers

Amazon expands partnership with Railways for deliveries in festive season

National transporter enables company to meet delivery promises to customers in the hinterlands

Strong signal: India likely to be among top three global markets for 5G

Since the Chinese market is off-bounds, India will be a key market for global telecom gear makers

Centre hikes sugarcane FRP by Rs 15 per quintal for 2022-23 season

Following the Cabinet decision, the FRP of Rs 305 per quintal is linked to a basic recovery rate of 10.25 per cent

Railways freight transport up 8% in July as it carries coal nationwide

The transporter has recorded 11 per cent increase in cumulative freight loading this financial year

CBIC clarifies on GST to be levied on EVs, mangoes, cattle feed

CBIC also address issues around liquidated damages, penalty on cheque bouncing etc

Govt plans infrastructure status for SEZs; move to ease financing norms

This will be done by giving them infrastructure status, at par with sectors to improve access to finance and enable long-term borrowing from lenders at easier terms

Centre withdraws Personal Data Protection Bill, industry disappointed

Comprehensive framework to come in alignment with contemporary digital laws

Rs 94,800-cr gains from windfall tax an overestimation: Govt sources

At July 1 rates, revenue gains would be less than Rs 48,000 crore if impact on corporation tax is taken into account

Why discounted Russian crude oil hasn't cooled retail fuel prices

Russian crude oil, which was less than 1 per cent of imports prior to Russia's invasion of Ukraine in February, rose to 8 per cent of India's crude oil import volume in April

Amended Energy Conservation Bill seeks to build carbon credit market

Will also embrace green fuels, industrial energy efficiency

Panel led by cabinet secy seeks more info on Central Electronics sale

Privatisation of state-owned firm held up after money laundering case against top bidder

MGNREGA work demand dips in July on heavy monsoon rains, sowing progress

In June, India received almost 8 per cent below-normal rains. This jumped to 17 per cent above normal in July

India's services PMI at 4-month low of 55.5 in July amid high inflation

The domestic market remained the key source of sales growth as international demand for Indian services worsened further, the survey said

Supreme Court wants states to make DIN mandatory for GST officers

A DIN is a 20-digit identification code that is affixed to every communication sent to taxpayers by the government

FinMin releases 5th revenue deficit grant of Rs 7,183 cr to 14 states

"The Department of Expenditure has on Wednesday released the 5th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 7,183.42 crore to 14 states," the ministry said in a statement

India expects $8-$9 bn bilateral trade with Russia, Sri Lanka in two months

RBI last month allowed importers and exporters to pay in the partially convertible rupee, a move widely seen as making trade with Russia and South Asian neighbours easier instead of relying on dollars

Why using CPI for REER calculation has been self-destructive for India

Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive

Govt withdraws Data Protection Bill, 2021, will present new legislation

'The bill will soon be replaced by a comprehensive framework of global standard laws for contemporary and future challenges and catalyse PM Modi's vision of India Techade,' says MoS IT