Page 288 - Economy

EPFO considering removing 12% ceiling on employees' contribution to EPS

Additionally, the EPFO is also working to revamp its IT infrastructure for more seamless and efficient services to subscribers and easier withdrawals

Finance Ministry likely to end windfall tax as oil prices stabilise

In September, the government eliminated the windfall tax on domestically produced crude oil, reducing it to zero per tonne

India's sugar cooperatives defend labour practices amid allegations

Maharashtra and Gujarat are among the states where a significant portion of the sugar production is through cooperatives

GST fitment committee set to review 18% tax on co-lending services

Under the co-lending model, NBFCs are required to retain a minimum of 20 per cent of individual loans on their books, while the remaining balance is held by banks

Trump friend of India, don't foresee any problem after his takeover: Goyal

The Union minister's comments come amid apprehensions that the new US administration may impose some tariffs on Indian goods

India's gig economy may add 90 million jobs, contribute 1.25% to GDP

Forum for Progressive Gig Workers' report says this market is expected to expand at 17% CAGR to reach a gross volume of $455 bn by year-end

India's cooperative sector may create 55-56 mn self-employment jobs by 2030

Maintaining growth rate at 5-6 per cent must to achieve goal, says report

Ethanol blending saved foreign exchange worth Rs 1.08 trillion since 2014

Farmers have been paid Rs 92,409 crore so far as part of the ethanol blending program, data shows

New guidelines on laptop import policy still under deliberation: Goyal

These imports stood at $8.4 billion in 2023-24 against the authorisation of about $9.5 billion. Most of these imports were coming from China

Testing of energy storage systems needed for transition: NITI Aayog member

He called for authorising third-party testing and certification till the time the government sets up storage certification agencies

Southern states urge 16th FC to address cess and surcharge impact

Finance Commissions use different yardsticks to recommend transfer of funds from the Centre to the states. These generally are income distance, population, area, etc

Madhya Pradesh receives investment proposals worth Rs 60,000 crore in UK

During his visit to Warwick Manufacturing Group (WMG), the Chief Minister emphasised that research and academic studies are truly meaningful when they benefit society

'Govt collected Rs 1.44 trn toll at highway plazas under PPP since 2000'

Nitin Gadkari said all user fee plazas on National Highways are established as per the provision of National Highways Fee (Determination of Rates and Collection) Rules, 2008

As inflation pinches, govt mulls reducing food weighting in CPI. Here's why

The govt is exploring a reduction in food's weight in the Consumer Price Index to reflect changing consumption patterns and manage inflation, as food prices remain volatile and seasonally driven

Over 2.4 mn shortlisted during job fairs in five years: Jitendra Singh

Job fairs are organised as part of the National Career Service (NCS) project under the administrative control of the Ministry of Labour & Employment, he said

Finance ministry weighs removing windfall tax amid falling crude prices

The federal finance ministry will evaluate scrapping windfall tax on domestic crude oil output, Tarun Kapoor, adviser to the Indian prime minister, said last month

PSBs get green flag to raise Rs 25,200 cr through equity dilution in FY25

So far, the PSBs have raised Rs 8,500 crore through Qualified Institutional Placement (QIP) in FY25, according to data from Prime Database

EPFO mulls investing in equity market beyond Exchange Traded Funds

As per the current pattern of investment notified by the labour ministry in April 2015, retirement fund body can invest anywhere between 5 - 15 per cent of all its fresh accretions in equity markets

India-France trade balanced but 'suboptimal', it should grow: Piyush Goyal

He called for a greater collaboration with France in the defence sector and also underlined that India's robust patent-protected regime does not insist on technology transfer

First offshore mineral auction kicks off tomorrow; 13 blocks up for bidding

In August 2023, Parliament amended the Offshore Areas Mineral (Development and Regulation) Act, 2002, instituting an auction-based approach for allocating mineral blocks in offshore areas