Page 966 - Economy & Policy News
India on path to become $30 trillion economy in next 30 years: Piyush Goyal
India is on the path to become a USD 30 trillion economy in the next 30 years on the back strong GDP growth, said Commerce Minister Piyush Goyal on Monday.
 "India on path to become $30 trillion economy in next 30 years: Piyush Goyal")
More than 30 mn income tax return filed till date for FY 2021-22: I-T dept
"More than 3 crore ITRs for AY (Assessment Year) 2022-23 have been filed on e-filing portal till 25th July, 2022. The due date to file ITR for AY 2022-23 is 31st July, 2022," the dept said in a tweet
 "More than 30 mn income tax return filed till date for FY 2021-22: I-T dept")
From extraction to attraction: Jharkhand launches new tourism policy
Key areas will be employment, economic growth, sustainable development and preservation of art, culture, and heritage
 "From extraction to attraction: Jharkhand launches new tourism policy")
Interest payment by govt rises 3.1% of GDP to Rs 7.31 trillion in FY22
Interest payment of the government has increased to 3.1 per cent of the GDP to Rs 7.31 lakh crore in 2021-22, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha on Monday.
 "Interest payment by govt rises 3.1% of GDP to Rs 7.31 trillion in FY22")
Rs 14,820 crore tax demand raised under black money law, says govt
On questions on money deposited in Swiss banks by Indians, Sitharaman said: "There is no official estimate of amount of money deposited by Indian citizens and companies in Swiss banks".
 "Rs 14,820 crore tax demand raised under black money law, says govt")
PSU debt serviced by a state to be brought under its FRBM limit: Govt
Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman
 "PSU debt serviced by a state to be brought under its FRBM limit: Govt")
Wind energy charts new course with policy clarity, new bidding model
Buffeted by ten years of policy flip flops, the sector is hoping a new bidding model will introduce a breath of fresh air
 "Wind energy charts new course with policy clarity, new bidding model")
Recovery tracker: Higher workplace attendance, railway freight numbers
Vehicle registrations, aviation numbers are worse than before
 "Recovery tracker: Higher workplace attendance, railway freight numbers")
Rs 494 crore FDI received in defence sector since revising policy: Govt
India has received around Rs 494 crore of foreign direct investment in the defence sector since revising the policy relating to it in September 2020, the government said in Lok Sabha on Monday.
 "Rs 494 crore FDI received in defence sector since revising policy: Govt")
Tamil Nadu's power tariff hike not enough for beleaguered discom: Experts
Dues to power sector comprise more than 28% of state's debt; state blamed for 'regulatory indiscipline'
 "Tamil Nadu's power tariff hike not enough for beleaguered discom: Experts")
India to be fastest-growing economy, engine of global growth: Birla
The economic activity in India has witnessed a sharp recovery to pre-pandemic levels on the back of a rapid and widespread rollout of the vaccination programme, Birla said
 "India to be fastest-growing economy, engine of global growth: Birla")
Tactile features included in currency for visually impaired persons: RBI
The Reserve Bank of India (RBI) on Monday told the Bombay High Court it has included several tactile features in currency notes for the visually impaired.
 "Tactile features included in currency for visually impaired persons: RBI")
After Covid setback, MSMEs owed Rs 10.7 trn in pending dues: Report
The share of micro and small enterprises stood at Rs 8.73 trillion, 80 per cent of the total pending amount
 "After Covid setback, MSMEs owed Rs 10.7 trn in pending dues: Report")
Providing 300 units of free electricity may cost Gujarat Rs 8,700 cr a year
To make AAP's promise work, state would require to increase revenues and cut revenue expenditure under other heads
 "Providing 300 units of free electricity may cost Gujarat Rs 8,700 cr a year")
India extends 222 LoCs worth $14.07 bn in Africa, 37 LoCs to neighbours
The LoCs projects in African nations are spread across sectors roads, railways, power, ports and shipping, education, telecom, health, and aviation
 "India extends 222 LoCs worth $14.07 bn in Africa, 37 LoCs to neighbours")
Fall in Delhi govt's excise revenue 'inexplicable' as sales rise: Report
The excise revenue of the Delhi government in the first quarter of the current fiscal year remained flat compared to 2019-20 despite a steep rise in whiskey and wine sales
 "Fall in Delhi govt's excise revenue 'inexplicable' as sales rise: Report")
Trust-based taxation system helping improve collections: FM Sitharaman
Finance minister Nirmala Sitharaman on Sunday said that the trust-based taxation system introduced by the government has resulted in improved collections and increase in the number of return filings.
 "Trust-based taxation system helping improve collections: FM Sitharaman")
High freight rates, rake shortage hit coastal coal shipping plan
Inadequate rake supply continues to haunt railways despite its numerous claims of intervention
 "High freight rates, rake shortage hit coastal coal shipping plan")
Centre appoints NLMC interim head; to initiate surplus land monetisation
The interim CEO's job is learnt to have gone to Sanjay Kumar Jain, and the government has appointed its nominees to the board of the corporation
 "Centre appoints NLMC interim head; to initiate surplus land monetisation")
New SEZ law to focus on job creation and research, not foreign exchange
Enterprise hubs will have land-based area requirements and shall permit both manufacturing and services activities
 "New SEZ law to focus on job creation and research, not foreign exchange")