Page 998 - Economy & Policy News

India defies global slump with a record $82 bn dealmaking spree in Q2

India saw $82.3 billion pending and completed M&A deals in the second quarter, the highest amount on record, according to data compiled by Bloomberg

Shipping Ministry looks to make govt ports competitive against pvt peers

Minister asks for plan to build mega ports by 2047, develop new technologies

Agnipath scheme: A burgeoning pension bill is the govt's big headache

Pensions accounted for a third of the revenue expenditure on defence

Cert-In extends deadline for VPN cybersecurity norms till Sept 25

CERT-In directions, released on April 28, mandate service providers to keep records of every information and communication technology (ICT) transaction for a minimum of 180 days

Polluting, expensive: No end in sight to price India pays for imported coal

With domestic production targets slipping, India needs to buy record quantities of the world's most polluting fuel at a time when prices are rising

State market borrowings down 23.7% YoY in Q1FY23 on strong cash flows

Icra said a comfortable cash flow position of the state governments was due to a back-ended release of tax devolution to the states in FY2022

Online gaming industry worried at possible GST hike on skill-based games

EGF, AIGF said that what is more worrying is some reports suggesting that the tax may be levied on total pool (prize money pooled plus the platform commission), and not on gross gaming revenue (GGR)

Govt considers allowing some exports of raw sugar piled up at ports: Report

Additional shipments from India, the world's biggest exporter of sugar after Brazil, could weigh on raw sugar futures, which are trading near their lowest in four months.

Study abroad applications for US, Aus rise amid pent-up demand post Covid

Easier norms support upsurge; US remains top destination for STEM students

GST Council clears proposal to remove tax exemptions on some items

The Council also cleared a host of compliance procedures for GST-registered businesses along with a GoM report on high-risk tax payers to check evasion

Amit Mitra asks Centre to take decisions at GST council by consensus

In a two-page letter to Sitharaman, the Principal Chief Adviser to Chief Minister Mamata Banerjee and the Finance Department, Dr Amit Mitra, cited a recent judgment of the Supreme Court in this regard

High export tariff of 45% to make iron ore pellet export unviable: ICRA

"The application of this high export tariff has reduced a merchant exporter's net effective realisation, rendering pellet exports unviable," it said.

As rising CAD starts pinching, the Centre starts scrutinising imports

As the trade deficit in May hit a record high of $24.3 billion, revenue authorities have now become vigilant, according to a report

Govt looking for complete exit with the help of PSB Privatisation Bill

The government is mulling an amendment that will allow the Centre a total exit from banks, fully privatising PSBs, a report said

States add 1.1 million families to un-electrified list, shows data

Under Saubhagya, the Centre provided 60 per cent of the project finance to states for giving connections to rural households, and the rest was borne by states

What is soil health card scheme? Check eligibility, cost and challenges

Under SHC scheme, a soil health card contains soil health indicators and descriptive concepts based on farmers' knowledge of local natural resources and practical experience

GST Council meet begins today: Here's what's on the agenda in Chandigarh

From revising some rates to deciding on the thorny issue of compensation extension for states, here is what the Council is likely to take up

Govt appoints Indian Revenue Services officer Nitin Gupta new CBDT chairman

IRS officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said

7 out of 9 neighbouring nations charge less for petrol than India

An Indian would be able to buy 5.2 litres of petrol, which is more than Pakistan, Myanmar, Nepal and Afghanistan

Punjab likely to lose Rs 15K crore in FY23 as GST compensation ends

At the Council meeting in Chandigarh, states may call for extending compensation deadline