Page 977 - Economy & Policy News

Rupee close to 80 per dollar: How RBI steps may help stabilise it

Over the past month, the RBI has also taken several steps to attract fresh overseas capital to Indian markets

After HC rap, patent office promises to settle 200K trademark cases by 2025

Agency under DPIIT draws up plan for speedy redressal

CBIC issues clarification on GST on pre-packaged items from Monday

The Central Board of Indirect Taxes and Customs on Sunday said single packages of food items like cereals, pulses and flour weighing up to 25 kg will be considered as 'prepackaged and labelled'

GST on labelled food items, hospital rooms above Rs 5K from Monday

Tax rates on products such as printing, writing or drawing ink; knives with cutting blades, paper knives and pencil sharpeners will be hiked to 18 per cent on Monday

Tea producers reinvent business, adapt online blend for consumer connect

Data available on the Tea Board website showed that India's production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg

Farmers' average income grew 1.3-1.7x between FY18 and FY22, says SBI study

Adds that farm loan waivers benefitted just 50% of farmers since 2014; MSP has been instrumental in boosting incomes

Business Standard poll: The worst may soon be over for rupee, say experts

Currency seen at 80.20/$ by July end, stabilising at 80.50 in Sept

Statsguru: India's massive population challenge explained in six charts

Life expectancy at birth reduced from 70.9 years in 2019 to 67.2 years in 2021

Maharashtra cabinet expansion likely after Presidential polls: Report

The Eknath Shinde-led government in Maharashtra is likely to expand its cabinet after the Presidential polls, voting for which is scheduled to be held on Monday, sources said.

Commercial courts: Little progress on speedy case disposal seven years on

Experts say taking a leaf out of the book of foreign justice systems may help address the problems these courts are facing

Remittances from Gulf countries dropped sharply in FY21 due to Covid: RBI

The share of inward remittances from Gulf nations dipped sharply during 2020-21 on account of the economic stress created by the COVID-19 pandemic, said an RBI article

Front-loading monetary policy action can anchor inflation expectations: RBI

By front-loading rate hikes, RBI can cement the credibility of its monetary policy intent and action when it fights supply-side inflation on one hand and also contains the negative impact on growth

Muted impact of Fed's Taper 2 on India due to strong external position: RBI

The impact of US Federal Reserve's announcement in November last year to taper its asset purchases was "moderate" on Indian financial markets largely due to the country's strong external position

Govt likely to introduce bills to amend competition, insolvency laws

The government is likely to propose amendments to the competition and insolvency laws as it seeks to further strengthen the regulatory regime as well as address the needs of new age markets.

IMA urges FM Sitharaman to grant GST exemption to healthcare services

Indian Medical Association (IMA) on Saturday wrote a letter to Union Finance Minister Nirmala Sitharaman requesting to grant exemption in Goods and Services Tax (GST) for healthcare services.

Rajesh Bhushan gets charge of Secretary, Department of Health Research

Union health secretary Rajesh Bhushan was given the additional charge of the Secretary, Department of Health Research, Ministry of Health and Family Welfare

Worst of inflation may be behind us, RBI staff say in July 2022 Bulletin

According to the July Bulletin article, the current level of reserves were equivalent to 9.5 months of imports projected for 2022-23

Monsoon rains will progress, too early to comment on paddy sowing: Tomar

Data from Agriculture Ministry showed that as of July 15, the paddy sowing was down by 17.4% to 128.50 lakh hectares this Kharif season as against 155.53 LH in corresponding period of previous year

Maharashtra: MMRDA allowed to take loans up to Rs 60k cr for infra projects

The Maharashtra government will stand guarantor for the loans and stamp duty on the government guarantee has been waived off for an amount of Rs 12,000 crore to be raised in the first phase, CMO said.

Delhi grain markets remain closed as traders protest GST on packed food

Wholesale grain markets at Narela, Bawana and other parts of the city wore a deserted look due to the market bandh called by traders. Many retail grain markets in the city were also closed.