Page 361 - Economy

Centre extends sale of 'Bharat atta' and 'Bharat rice' at revised rates

The retail price for 'Bharat atta' and 'Bharat rice' has been revised for new stocks

Govt demands more local content in electric vehicle manufacturing

In its recent discussions with stakeholders, the ministry suggested reducing the number of components under PMP in FAME-III from 18 to 12

'Don't want to raise tariffs to high levels as industry becomes complacent'

Since indirect tax figures are not being released, we are treating GST data in the same manner, he says

Funding winter for startups may end with angel tax abolition: DPIIT Secy

A system of quarterly disbursement is in place for many sectors, except for few, such as food processing, where it is not feasible, he says

People are opting, and seeing value in new tax regime: CBDT Chairman

In a conversation, the chief of the direct tax apex body said that extension of the 15 per cent concessional rate depend on how the companies utilising the benefit

Archaic laws need to be reviewed keeping in mind recent changes: DFS Secy

Joshi explained the intention behind the Budget proposals for the financial sector

RBI proposes to tighten banks' LCR norms, releases draft guidelines

Additional 5% 'run-off' factor imposed on retail deposits in view of proliferation of digital banking

Clear guidelines needed for approving China's FDI plans: NITI Aayog VC

Earlier this week, the pre-budget Economic Survey has also made a strong case for seeking FDI from Beijing to boost local manufacturing and tap the export market

Strengthening IBC: Extend prepack to big companies, says industry

Both the finance minister and the economic survey have highlighted the success of IBC

Odisha presents Rs 2.65 trn budget for FY25 with focus on agri, women

Apart from agriculture, the chief minister said the focus was on the industries, health, education and service sectors

The China challenge

From a military standpoint, while the regional rivalry is not insignificant, it is the territorial contestation that is more important at the moment

Climate events influence actions of central banks, says RBI DG Rao

Rao said that such events can destroy assets funded by institutional finance, thereby harming the financial health of these institutions

FMCG sector in rural areas likely to see 6.1% volume growth in FY25: Report

The report also predicts that in the near future, rural volumes will catch up with urban growth, which is currently bigger

Rural volumes likely to overtake urban by FY25-end, says Kantar report

Kantar report says rural growth largely led by rise in population rather than consumption

Texmaco Rail and Engineering buys Jindal Rail Infra for Rs 615 crore

Mega deal makes Texmaco biggest rolling stock maker in India

BSNL income up at Rs 21,302 cr in FY24; records lowest debt among telcos

Govt has approved three revival packages for BSNL and MTNL, comprising Rs 69,000 crore support in 2019, Rs 1.64 trillion in 2022 and Rs 89,000 crore in 2023 for allotment of 4G and 5G spectrum

Govt looks for cost-effective remedial, probe measures for hill roads

Move aimed at reducing impact of rising landslide, slope destabilisation in hilly areas where national highways have been built

India's financial system looks stronger than in the past: RBI dy guv Rao

He further said the Indian banking sector, in particular, has demonstrated significant improvement in key metrics such as capital adequacy, asset quality, and profitability

National pension system logs 79,000 fresh subscribers in May: NSO

The corporate component of the scheme is voluntary in nature and includes people working in public sector organisations, private limited companies, or public sector banks among others

India not to sign global corporate tax deal until concerns addressed

US Treasury Secretary Janet Yellen in May accused India of refusing to engage on issues important to US interests, noting that negotiations were stuck