Page 194 - Economy

No difference between skill and chance in GST levy, Centre tells SC

Centre argues before Supreme Court that betting on game outcomes is gambling and attracts 28% GST, regardless of whether the game is based on skill or chance

Defence spend amid Pak tensions may hit India's fiscal strength: Moody's

Moody's Ratings says India's economy remains resilient despite Pak tensions, but increased defence expenditure could weigh on fiscal strength and delay consolidation

Uttar Pradesh govt plans to tweak GCC policy to attract more FDIs

According to sources, the proposed policy will provide 30-50 per cent front-end land subsidy, apart from 100 per cent stamp duty waiver for GCC investors

Court's power to modify arbitral awards: A cure worse than the disease

Arbitration users worry over poor-quality awards and prolonged litigation; some propose allowing courts to modify awards, but this raises concerns over finality and judicial overreach

RBI may effect cumulative rate cut of 125-150 bps in FY26, says SBI study

The study suggested that the central bank should go for "jumbo" rate cuts of 50 bps as it would be more effective

Saudi Arabia's push into Indian refineries stalled over crude oil supply

The nations agreed last month to collaborate on the two plants, as the largest oil exporter seeks to tap a massive market that will help drive global demand growth

Spain's blackout shows why India needs to prioritise power grid stability

For a build-out without blackouts, regulators and the government will also need to work on better data, a more robust grid, and better-run companies

BPSL liquidation: MCA, IBBI study SC order to assess IBC implications

"We are examining the order and seeing what learnings can be taken from there in terms of IBC regulations and processes," the government official said

Statsguru: Private sector remains cautious on investment plans in India

While investments in manufacturing were relatively stable, the same is not true of information & communication as well as the transportation & storage sector

European Union open to resolving tech trade dispute with India at WTO

The longstanding dispute centres on India's imposition of tariffs on information and communication technology (ICT) goods

India, Belgium discuss ways to boost bilateral trade, investments

The two sides also reviewed progress in EU-India Free Trade Agreement (FTA) negotiations, with both parties recognising the need to address tariff and non-tariff barriers to enhance market access

APEDA mulls strategies to boost agricultural, processed food exports

The Agricultural and Processed Food Products Authority (APEDA) held an inter-ministerial dialogue to deliberate on the strategy last week here

US may seek tariff cuts, regulatory reforms in trade deal with India: GTRI

US demands include scaling back India's minimum price support (MSP) programmes for crops like rice and wheat, removing restrictions on genetically modified (GM) imports

India's liberal FDI policy offers major investment opportunities: Deloitte

It also said that sectors like pharmaceuticals, auto and tourism are not only FDI magnets but also engines of employment, exports, and innovation, driving India's next growth wave

Petrol, diesel demand rises in April as summer boosts consumption

Onset of summer triggers rural demand for irrigation as well as for air-conditioning in urban areas

KV Subramanian to exit IMF role early, govt begins search for replacement

Krishnamurthy Subramanian is set to leave his IMF post early amid reported concerns over data issues and book promotion. Meanwhile, the Indian government begins searching for his replacement

Six month left, Krishnamurthy Subramanian's term cut short at IMF

Subramanian, who took up the IMF post in November 2022, represented India, Bangladesh, Sri Lanka, and Bhutan. As of May 3, the IMF's website lists the position as vacant

Amit Shah sets ₹2 trn export target for NCEL, reviews national coop bodies

The Union Minister also suggested partnerships with large companies for export of fresh vegetables to Gulf countries and special potato varieties

Centre warns industry against transhipment to US; assures clarity on norms

The ministry has also assured the industry that all efforts would be made to codify the value addition norms to provide certainty and clarity to exporters

Netflix's India investment created $2 bn in economic impact from 2021-24

Last year, about 3 billion hours of Indian content was available on the platform for the global audience, says Ted Sarandos, co-chief executive officer, Netflix