Page 999 - Economy & Policy News
Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study
Many D2C brands have crossed Rs 100 cr in revenue 3-5 years after launch; several orders from tier-2 cities and smaller towns; study projects 1.3 bn smartphone users, 500 mn online shoppers by FY30
 "Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study")
Rajasthan enters uranium mining, issues LoI to Uranium Corporation
The Rajasthan government has forayed into the field of uranium mining by issuing a letter of intent (LoI) to Uranium Corporation of India.
 "Rajasthan enters uranium mining, issues LoI to Uranium Corporation")
Russia-Ukraine war may spell boon for Chhattisgarh's export profile
Chhattisgarh's exports reached Rs 25,241.13 crore in the financial year 2021-22 against Rs 9,067.92 crore worth of products shipped in 2019-20
 "Russia-Ukraine war may spell boon for Chhattisgarh's export profile")
Gig workers to account for 6.7% of India's non-agri workforce by FY30: NITI
The report titled 'India's Booming Gig and Platform Economy' recommended extending social security measures for such workers
 "Gig workers to account for 6.7% of India's non-agri workforce by FY30: NITI")
GST Council meet: Easier e-comm supplier registration, tax tweaks on cards
The council will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, discussing a report of a GoM on high-risk taxpayers under GST to curb evasion.
 "GST Council meet: Easier e-comm supplier registration, tax tweaks on cards")
Persistent inflation to impact demand across categories: TCPL chairman
The current operating environment remains highly volatile and persistent inflation will likely impact demand across categories, Tata Consumer Products Ltd Chairman N Chandrasekaran said
 "Persistent inflation to impact demand across categories: TCPL chairman")
FTAs with UK, EU to open new opportunities for domestic exporters: FIEO
The proposed free trade agreements (FTAs), including with the UK, European Union and GCC would open new opportunities to boost India's exports in these markets, FIEO President A Sakthivel said
 "FTAs with UK, EU to open new opportunities for domestic exporters: FIEO")
Indian economy gains momentum on pent-up demand after reopenings
The upturn in recovery of Indian economy was fueled by an expansion in services activity and a robust growth in core infrastructure industries
 "Indian economy gains momentum on pent-up demand after reopenings")
What is the shape of India's economic recovery?
Sales of two-wheelers have nosedived. FMCG is struggling due to weak demand. But the aviation sector is seeing a jump in traffic. Take a dive into the key sectors to find out how the economy is revivi
 "What is the shape of India's economic recovery?")
GST Council may treat fantasy games on a par with gambling, taxed at 28%
GST Council is likely to consider system-led enforcement reforms
 "GST Council may treat fantasy games on a par with gambling, taxed at 28%")
Small retailers in Coimbatore start reaping benefits from ONDC pilot
The development comes in the backdrop of the small-scale implementation of ONDC over the last two months
 "Small retailers in Coimbatore start reaping benefits from ONDC pilot")
Indian economy may touch $30 trn in next 30 years, says Piyush Goyal
If India grows at 8% every year on a compounded annual growth basis, the economy will double in about nine years, says Commerce and Industry Minister
 "Indian economy may touch $30 trn in next 30 years, says Piyush Goyal")
Govt wants to create 75 Tiruppurs across the country: Piyush Goyal
Second edition of PLI scheme for textiles on the cards, with focus on apparels
 "Govt wants to create 75 Tiruppurs across the country: Piyush Goyal")
Five years of GST: Recovery of input tax credit still a struggle
This ground report from Agra captures the overall sentiment that GST credit is like working capital for an MSME and it is increasingly getting stuck in the system
 "Five years of GST: Recovery of input tax credit still a struggle")
GST Council meet: Pruning exemptions on curd, paneer, some veggies on cards
Exemptions may also be withdrawn on certain services such as business class flights from NE airports and certain hospital room categories
 "GST Council meet: Pruning exemptions on curd, paneer, some veggies on cards")
Govt in talks with RBI to let RRBs tap credit depository to help prune NPAs
The Centre is thinking of allowing RRBs to invest in perpetual debt instruments issued by other banks, including RRBs
 "Govt in talks with RBI to let RRBs tap credit depository to help prune NPAs")
Egypt contracts to buy 180,000 tonnes of wheat from India: Aly Moselhy
India banned wheat exports in May because of lower domestic production, but made allowances for countries like Egypt with food security needs
 "Egypt contracts to buy 180,000 tonnes of wheat from India: Aly Moselhy")
The race for price parity between EVs and conventional vehicles in India
Can the cost of EVs match that of conventional fuel-powered vehicles in a year? The road is long yet
 "The race for price parity between EVs and conventional vehicles in India")
Muslim women get half the job call-backs Hindus do, amid hiring bias: Study
Even in terms of mode of contact, recruiters reached out to a Hindu woman more personally than to a Muslim, shows research
 "Muslim women get half the job call-backs Hindus do, amid hiring bias: Study")
28% GST likely on casinos, online gaming and horse racing: Report
The GoM, headed by Meghalaya Chief Minister, has recommended that online gaming should be taxed at full value of the consideration, including contest entry fee paid by the player on participating
 "28% GST likely on casinos, online gaming and horse racing: Report")