Page 335 - Economy

M&A deal value of over Rs 2,000 crore comes under Competition Act

The government aims to scrutinise mergers that might escape under the traditional "asset" or turnover-based thresholds

54th GST Council meet: GoM to decide future of GST compensation cess

Relief to foreign airlines, secretaries panel on IGST

GST council's nod on exempting research grants victory for nation: Atishi

Addressing a digital press conference, Atishi said last month, six educational institutions, including IIT-Delhi and Punjab University were sent showcause notices over research grants

Women in police: Bihar leads, Bengal one of the lowest among large states

The annual report said that the availability of an adequate number of women in police is essential for reducing the vulnerability of women against crimes

India fine tuning FTAs with countries to suit domestic industry: Prasada

Prasada also urged the auto components industry to increase investment in R&D activities

Agrochemicals export likely to touch Rs 80,000 cr in 4 yrs: ACFI-EY report

Given its role in agricultural productivity and export potential, agrochemical industry will play vital role in India becoming global manufacturing hub ultimately resulting in $5 trn economy by 2025

Govt dissolves Pronab Sen-led panel on statistics, cites 'overlap' in work

Formed in July 2023, the SCoS was supposed to advise the Union government on survey methodology, including sampling frame, sampling design, and survey instruments

Market expects MPC to implement cumulative 50 bps rate cut by March 2025

They also foresee a continued decline in food prices, which fell to 5.1 per cent in July from 8.4 per cent in June year-on-year, further supporting expectations of a rate cut

India-UAE sign pacts on LNG supply, crude production and nuclear energy

5 MoUs were signed after the meeting of the UAE crown prince with PM Modi in Delhi

54th GST Council meet: New GoM to look into rate on life, health insurance

The issue of taxation of insurance premiums had figured in Parliament discussions with Opposition members demanding that health and life insurance premiums be exempt from the GST

GST Council moves closer to reducing GST on life, health insurance premiums

Shares of major insurance companies like Star Health, ICICI Lombard General Insurance, and Go Digit General Insurance traded in the red due to concerns over insurance premium GST rates

Inflation likely held below RBI's target at 3.5% again in Aug, finds survey

Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields

Ganesh Chaturthi expected to bring Rs 25,000 crore business: Industry body

Ganesh Chaturthi is projected to generate Rs 25,000 crore this year, with businesses favouring domestic goods, and a push for eco-friendly clay idols

India expected to see strong FDI inflows in coming quarters: Experts

Compared to eight years ago, power, construction, healthcare, chemicals, and non-conventional energy have now been attractive investment destinations

Centre considers early rollout of social security for gig economy workers

The Ministry of Labour and Employment is urging digital gig economy aggregators to prepare for extending social security benefits to temporary and freelance workers

Rupee flat as markets expect RBI support; other Asian currencies slip

While there is a small possibility that the RBI may let the currency weaken slightly below the 84 mark, runaway moves remain quite unlikely

Crude calculations: How cheaper Venezuelan oil flows will help India

The savings that feed into its refining margins prompted Reliance to secure Washington's blessings in July to import Venezuelan oil

India needs more trade, and being inside RCEP is better than staying out

While India's growth over the past decades has appeared impressive, the contribution of trade to that acceleration has been small and is decreasing

US slowdown impact: Rupee may dip on risk aversion; Fed uncertainty remains

The Reserve Bank of India likely intervened on multiple occasions last week to support the rupee

FinMin clears decks for PNB, BoM to raise Rs 10,000 cr via QIP in FY25

Receives similar proposals from Union Bank of India, UCO Bank, Indian Overseas Bank