Page 383 - Economy

Future beyond software: How can India bring next wave of lucrative jobs?

Policymakers in New Delhi have their sight on China's factory-to-the-world crown. They are spending $24 billion over five years on production-linked incentives

PLI scheme review committee raises concern over delays in payments

Calls for improved scrutiny to block instances of wrongful claims

Why do Andhra Pradesh and Bihar deserve special economic packages?

UP, Chhattisgarh, Jharkhand, Odisha, Rajasthan and hilly states including northeastern region also suit some of those criteria

Pandemic exposure lowered wage aspirations of rural women: World Bank

The research was conducted in Haryana on a sample of 3,180 female vocational trainees between June and August 2022

Centre may prepay market loans taken to compensate states during Covid yrs

The full repayment of the market borrowings is expected earlier than the previously calculated timeline of March 2026

Informal entities in manufacturing lost 5.4 million jobs in 7 years

Unincorporated enterprises lost 1.8 mn establishments between Jun 2016 and Sep 2023, according to the 2 surveys

GST on crude oil, petrol and diesel boils down to revenue concerns

Despite Constitutional provisions, inclusion of petrol and diesel under GST framework remains a distant dream

GST Council meeting: States should get 60% share of GST, says Kerala

During the meeting, Kerala made it clear that the issues in the GST system were the reason for the reduced IGST share that the state receives

'Commerce ministry in talks with South Korea to upgrade existing FTA'

India has sought greater market access for certain products such as steel, rice, and shrimp from South Korea with a view to boost exports of these goods, the official added

DGFT, Revenue dept working on dedicated hubs to boost e-commerce exports

The country's e-commerce exports currently stand at $ 2 billion as compared to China's staggering $ 350 billion, according to industry sources

GST Council to reconstitute 3 GoMs as new ministers from 11 states join

With new ministers joining the council, the reconstitution of three GoMs on analysis of revenue from GST

GST Council waives interest, penalty on tax demands between FY18 and FY20

Reconstituted rate rejig state panel; asked to give status report in subsequent meet post Budget

GST Council likely to mull on online gaming, reduce tax on fertiliser

The council may also discuss the recommendations made by the Standing Committee on Chemicals and Fertilisers in February to reduce GST on nutrients and raw materials

Centre anticipates Rs 70k crore GST cess surplus from 'sin' goods

The surprise surplus is attributed to impressive revenue generation from taxes on the so called "sin" goods like pan masala, cigarettes

Budget 2024: FM vows Centre's support to states via timely tax devolution

At the pre-budget meeting with state finance ministers, Nirmala Sitharaman also nudged states to take advantage of the scheme under which the Centre gives 50-year interest free loan to states

Entrepreneurship a viable path to economic rejuvenation: TAC Security head

Arora believes that fostering a culture of entrepreneurship can be the key to revitalising Punjab's economy and addressing its woes lies in collaboration between entrepreneurs and the government

Boost enforcement mechanism to prevent child labour: Centre to states, UTs

The labour ministry asked states to make use of the online portal Platform For Effective Enforcement for No Child Labour for complaints

Rs 26 trillion of India's economy formalised in FY16-FY23, says SBI

According to the World Bank data, at 2017 international prices, 44% of India's population spent less than $3.65 per day

RBI's MPC minutes: External members make a strong case for rate cut

Internal members cite high food for status quo

Forex reserves drop $2.92 bn to $652.89 bn for week ended June 14

In the previous reporting week, the kitty had jumped by $4.307 billion to $655.817 billion, a new all-time high after consecutive weeks of increase in the reserves