Page 363 - Economy

Pilot study to enhance viability of 60 fair price shops underway: Govt

Proposed services include Common Service Centre (CSC) functionalities, banking partnerships with banks and corporate correspondents, and the retail sale of small LPG cylinders, among others

Taxpayers can opt for 'Vivad se Vishwas' scheme from Dec 31: CBDT chairman

First 'Vivad se Vishwas' scheme for cases under the direct taxes or income tax category was brought out by government in 2020 and, according to the CBDT chief, it was quite successful

DPIIT to create timelines for govt agencies for clearance of FDI proposals

He said that the concerned ministries and departments will be nudged to prioritise applications and speed up the process of approvals

India's economic activity expands in July, services PMI rises to 61.1

The indexes are based on preliminary survey results and are a signal of business confidence in the economy

India-UK FTA negotiations floor not ceiling of ambitions: David Lammy

The British foreign secretary's visit to New Delhi is the first high-level engagement between India and the UK after Prime Minister Keir Starmer's Labour government came to power on July 5

UK businesses, investors community receive Union Budget with enthusiasm

There were a couple of announcements which I think will help the UK-India corridor: one was the reduction in the Corporate Tax rate for foreign companies, which is excellent news

Budget 2024: Minority affairs ministry's allocation increases by Rs 574 cr

The budgetary allocation for the Ministry of Minority Affairs has increased by Rs 574.31 crore to Rs 3,183.24 crore for 2024-25 as against the revised estimate of Rs 2,608.93 crore in 2023-24.

Budget 2024: Child rights orgs hail National Pension Scheme for minors

In education, the Samagra Shiksha Abhiyan's budget has seen a slight increase, while the allocation for PM Schools for Rising India (PM-SHRI) has surged by 51.25 per cent to Rs 6,050 cr

Panel of secretaries working on simplification of FDI rules: Piyush Goyal

A reduction in the basic customs duty of gold to 6 per cent (from 15 per cent) will reduce smuggling, said Union minister Piyush Goyal

Budget 2024: Will make up for revenue forgone, says FM Nirmala Sitharaman

Gradually, we are moving towards a simplified taxation regime, while bringing down the incidence of tax itself. Therefore, we are taking this review, says FM

End of angel tax to new I-T slabs: Budget 2024 is political but prudent

This Budget will further energise the aspirations of our neo-middle class. Unprecedented opportunities will be unleashed for our younger generation, says PM Modi

Budget 2024: Unemployment rate among females is higher than males

More vocational and technical training is available but over two-third of the working age population has received none

Budget 2024: FM exhorts states to take up next-gen reforms agenda

The final report of the 15th Finance Commission had recommended transfer of 41 per cent of central taxes to the states after two Union Territories were carved out of Jammu and Kashmir

Union Budget 2024-25: Rise in income tax filings by individuals

The largest source of income for individuals is salaries, but it has grown slowest among income categories

Budget 2024-25: Credit support for MSMEs to help them compete globally

The budget also announced a new mechanism for facilitating the continuation of bank credit to MSMEs during their stress period

India must strengthen manufacturing sector to create jobs: Fitch analyst

During Tuesday's annual budget, India's government announced plans to spend $24 billion to create jobs over the next five years and $32 billion on rural development this year alone

Union Budget 2024: Revenue expenditure raised, capex remains untouched

Allocations for Andhra Pradesh and Bihar, but financial implication unclear

Union Budget 2024-25: Absence of incentives disappoints hospitality sector

India has witnessed a remarkable development in the tourism and hospitality sectors in the post-COVID-19 era. According to the Economic Survey 2023-24

Budget 2024: Mere 0.5% boost to department of drinking water and sanitation

Budget also includes significant funding for water supply and sanitation at Rs 64,302.85 cr, an increase from the previous year's Rs 64,138.41 cr

Census, NPR unlikely in 2024 too as only Rs 1,309.46 cr allocated in Budget

The house listing phase of the census and the exercise to update the NPR were scheduled to be carried out across the country from April 1 to September 30, 2020 but were postponed due to the COVID-19