Page 975 - Economy & Policy News

India's passenger vehicle exports jump 26% in Apr-Jun to 160,263 units

Passenger car shipments saw an 88 per cent year-on-year growth at 1,04,400 units while utility vehicle exports rose 18 per cent to 55,547 units during the period under review, SIAM data showed.

Review spectrum pricing mechanism for captive users: CAG to DoT

The Comptroller and Auditor General (CAG) asked the Department of Telecom (DoT) to review the spectrum pricing mechanism for captive users

Gujarat industry estimates over Rs 5,000 crore losses due to heavy rain

Several micro, small and medium enterprises (MSMEs) have also been impacted by a lack of fuel such as lignite

SKM leaders question composition of MSP panel, may give it a miss

Farmers' grouping has also been roiled by factional disputes since year-long agitation was called off

Decentralised grain procurement: Parl panel urges govt rope in more states

The Standing Committee on Food, Consumer Affairs and Public Distribution had observed that only 8 states have adopted the DCP scheme for wheat and 15 states for rice, even after 23 years of inception

GST on daily use items: FM says decision taken with all states onboard

Nirmala Sitharaman said states levied sales tax or VAT on foodgrains in the pre-GST regime and the present levy on cereals, pulses, flour, curd and lassi is an exercise to curb tax leakage

Indian, Israeli companies sign MoU to produce aluminium air batteries

Leading Indian and Israeli companies have teamed up to create cutting edge aluminium-air batteries for Electric Vehicles that could make its adoption easier in India by extending its driving range

Tea production in Nilgiris increases by 6.9% due to heavy rainfall

The Nilgiris district of Tamil Nadu, the largest producer of tea in South India, has witnessed an unprecedented increase in the production after heavy rainfall

Tax changes to offset duty cut on fuel; boost tax mop-up: Report

Changes in import duty and a windfall tax on fuel exports will not only offset duty cuts on fuels but will also increase overall tax collection over budget target to Rs 20.70 trillion, a report said

Pay Rs 22 cr dues to cane growers by selling mill property: Punjab min

Punjab Agriculture Minister Kuldeep Singh Dhaliwal directed officials to sell the property of a sugar mill to make pending payments to the cane growers

Indian phonemakers served notices by Customs, get Rs 20,000 cr tax bill

Before September 2020, there was no import duty on such panels, but from October 1, 2020, an import duty of 10% is levied under the Centre's phased manufacturing programme

UP expects to attract Rs 10 trillion investment in global summit

Uttar Pradesh expects to attract Rs 10 lakh crore worth of industrial investment over the next five years during the 'Global Investors Summit' it plans to host in January next year

High prices boost forest produce trade, says Chhattisgarh minister

Chhattisgarh Forest Minister Mohammed Akbar attributes the achievement to the government's decision to pay the best price for the yield

ONDC adds 15 more cities, onboards Snapdeal for pan-Indian access

The network first began its pilot on April 29 in Delhi, Bengaluru, Coimbatore, Bhopal and Shillong

Invest Rajasthan meet in October likely to attract Rs 10-trn investment

Chief minister Ashok Gehlot said that Rajasthan has great potential for investors, adding that the positive atmosphere here attracts investors from all over the country and the world

Morgan Stanley cuts India's FY23 GDP forecast to 7.2%

It sees downside risks emanating from a weaker than expected global growth trend, supply-side-driven commodity price shock and faster than warranted tightening of financial conditions

Eight months after rolling back farm laws, Centre sets up MSP panel

Representatives of agriculture universities and institutions have also been included in the panel. Joint secretary (crops) in the Ministry of Agriculture will be the member secretary in the panel

No plan to set up resident board in Beijing, says AIIB chief economist

Berglof said AIIB wants to do it differently from how other multilateral developments banks have done

In a first, Railways takes the DFC route to transport four-wheelers

Western dedicated freight corridor to transport 25 wagons of four-wheelers for the first time

Morgan Stanley expects India's FY24 GDP growth to slow down to 6.4%

It said the GDP growth will slow down to 6.4 per cent in FY24, the brokerage said, adding that this is lower by 0.30 per cent compared to the earlier estimate.