Page 997 - Economy & Policy News
Traders' body to launch campaign against ban on goods vehicles in Delhi
Traders' body CAIT on Wednesday said it will launch a campaign from July 10, demanding the Delhi government to withdraw the five-month ban on entry of medium and heavy goods vehicles in Delhi
 "Traders' body to launch campaign against ban on goods vehicles in Delhi")
Mumbai, Delhi most expensive cities for expatriates in India: Mercer study
Among the cities, Kolkata has the lowest cost of daily necessities such as milk, breads, vegetables, etc., while Mumbai and New Delhi have the highest costs
 "Mumbai, Delhi most expensive cities for expatriates in India: Mercer study")
Poultry farmers complain companies are underpaying them for rearing birds
The contract farming model isn't benefiting the growers anymore, they allege
 "Poultry farmers complain companies are underpaying them for rearing birds")
Warning to Twitter aimed at 'securing internet' in India: Govt sources
The sources said Twitter has repeatedly violated directions issued under the IT Act
 "Warning to Twitter aimed at 'securing internet' in India: Govt sources")
Amid inflation, GST Council withdraws exemption on host of household items
Pre-packed wheat flour, papad, paneer, curd and buttermilk will be taxed at 5 per cent after the GST Council decided to stop allowing exemptions on such items while raising rates on a host of others.
 "Amid inflation, GST Council withdraws exemption on host of household items")
GST Council okays mandatory registration waiver for small online retailers
The waiver, which is subject to certain conditions, will benefit about 120,000 small traders
About a dozen states seek extension of GST compensation; no decision taken
With two years being lost in the pandemic, states have sought an extension of this compensation mechanism
 "About a dozen states seek extension of GST compensation; no decision taken")
Rate tweaks to make up for inefficiencies in value chain: FM Sitharaman
Stating that all states are aware of the potential impact of rate rationalisation on inflation, Sitharaman said any increase in tax rates will also make up for the tax burden.
 "Rate tweaks to make up for inefficiencies in value chain: FM Sitharaman")
Govt approves deregulation of sale of domestically-produced crude oil
While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the govt fixed buyers for crude produced from older fields, such as Mumbai High of ONGC and Ravva of Vedanta
 "Govt approves deregulation of sale of domestically-produced crude oil")
Top headlines: GST on casinos deferred; marketing freedom to oil producers
Briefing reporters about deliberations at the two-day meeting of the GST Council, Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue
 "Top headlines: GST on casinos deferred; marketing freedom to oil producers")
Tamil Nadu to host GST Council meeting in August, says FM Sitharaman
The next Goods and Services Tax (GST) Council meeting will be held in Tamil Nadu's Madurai in August, Union Finance Minister Nirmala Sitharaman said on Wednesday.
Govt approves Rs 2,516 cr for computerisation of 63,000 PACS: Thakur
This will improve the PACS' functioning and bring transparency, says Union minister Anurag Thakur
BIF approaches DoT citing concerns over new captive private network norms
BIF has said that it is "puzzled" at the stated precondition for direct assignment of spectrum to enterprises that would entail Department of Telecom (DoT) undertaking demand studies
 "BIF approaches DoT citing concerns over new captive private network norms")
Expect govt to withdraw duties on steel when inflation eases: Sajjan Jindal
The duties were imposed last month with the objective of controlling inflation, the industrialist said
 "Expect govt to withdraw duties on steel when inflation eases: Sajjan Jindal")
47th GST Council meet: Here's what became expensive after Tuesday meeting
The GST Council today is expected to take up extending compensation to the state
 "47th GST Council meet: Here's what became expensive after Tuesday meeting")
GST Council: Stormy discussion around states' compensation likely today
States will demand an extension of the compensation period or a change in the GST revenue distribution formula
 "GST Council: Stormy discussion around states' compensation likely today")
Inflation: Dal gets pricey, thanks to patchy monsoon in main growing states
Prices of tur and urad have risen in the last few days over fears that scanty rain could have an impact on the kharif harvest
 "Inflation: Dal gets pricey, thanks to patchy monsoon in main growing states")
How can India replicate the success of Tiruppur in 75 other places?
The small town of Tiruppur contributes about 90% of knit-wear exports from India. Govt now plans to create 75 textile hubs across India like Tiruppur. Find out the significance of this textile hub
 "How can India replicate the success of Tiruppur in 75 other places?")
Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI
Rs 1,368 cr committed for manufacturing ACs and LED light components; Total production pegged at Rs 25,583 crore over five years, with 4,000 direct job opportunities
 "Adani, LG among 15 firms chosen by DPIIT for round-2 of white goods PLI")
GST Council tilts towards rate hikes, drops exemptions for many items
Okays removing the exemption on mass consumption items