Economy

Farmers’ body hails new farm bills amid widespread protest; says new regime will give freedom, power

The new regime will give farmers the freedom to trade across states and will also empower farmers to turn into traders of their own produce and be in control of the process.
farm bills, agri produce, income, sustainable, freedom for farmers

Govt hikes rabi MSPs in advance amid farmer stir

After a meeting of cabinet committee on economic affairs (CCEA), agriculture minister Narendra Singh Tomar told Parliament the Food Corporation of India (FCI) and other agencies would continue to buy

The new MSPs of rabi crops are usually announced in October or November.

Insolvency proceedings: Surge in cases unlikely after suspension is lifted, says FM Nirmala Sitharaman

With the passage of amendments to the Insolvency and Bankruptcy Code (IBC) by the Lok Sabha on Monday, decks have been cleared to suspend, through Parliamentary clearance, insolvency proceedings for u

The Bill was brought in to replace an ordinance that was promulgated in June to protect thousands of firms, ravaged by the Covid-19 pandemic, from being dragged into insolvency proceedings.

Crude import bill falls 61% to $17.7 billion in April-August

In rupee terms, cost of crude imported in the period was 57.5% lower year on year (YoY) to Rs 1.33 lakh crore.

Uttar Pradesh to generate 12,734 MW power by 2022

While the state currently generates 5,474 MW, the upcoming power stations will add another 7,260 MW by 2022. Of this, 1,320 MW power generated will be commissioned by the end of this year.

Indian economy can touch $10 trillion in next 15 years: HUL CMD Sanjiv Mehta

Terming the present situation as a "massive opportunity for the country", Mehta said impetus should be given on digitising sectors like manufacturing, agriculture and pharma.

HUL CMD Sanjiv Mehta on Indian economy

India’s imports from China dip 27.63% during April-August: Piyush Goyal

Value of imports from China stood at $4.98 billion in August and $5.58 in July, according to the data provided by Commerce and Industry Minister Piyush Goyal in his written reply to the Lok Sabha.

Import from China

India’s imports from China dip 27.63% during April-August: Piyush Goyal

Value of imports from China stood at USD 4.98 billion in August and USD 5.58 in July, according to the data provided by Commerce and Industry Minister Piyush Goyal in his written reply to the Lok Sabh

Modi govt increases MSP of wheat by Rs 50 per quintal amid widespread protest over new farm bills

The government today hiked the minimum support price of wheat by Rs 50 per quintal to Rs 1,975 per quintal.

agriculture, MSP, minimum support price, agriculture produce, farm bill

Govt sets foodgrain output target at record 301 mn tonnes for 2020-21

The target for the 2020-21 crop year (July-June) was set at the National Conference for Rabi Campaign 2020, which was held on Monday to review the progress of the kharif (summer-sown) season and plan

TN’s economy to revive to pre-Covid-19 period in two months: C Rangarajan

There is likely to be a contraction due to the pandemic, Rangarajan, heading a high-level committee to advise the State government on the medium-term response and measures to be taken to boost the eco

Joblessness woes fade away in rural India; unemployment falls to below pre-pandemic levels

The latest figure shows that the joblessness in the rural areas is now lower than the pre-pandemic levels.

unemployment rate, joblessness, jobs, rural India, urban India

Indian steelmakers turn net exporters to China in April-August: Crisil

Indian steelmakers have turned net exporters to China during April-August for the first time in several years, owing to weak domestic demand due to COVID-19 pandemic, according to Crisil Research.

National Steel Policy 2017, crude steel, SME sector, NSP, Indian steel industry, steel exports, Atmanirbhar Bharat policy, free trade, FDI flows

Economic recovery soon? Business confidence rebounds in Jul-Sep, says CII; normalcy likely in next fiscal

With businesses starting to reopen after the government put the entire nation under lockdown due to the coronavirus pandemic, India’s Business Confidence Index has also rebounded in the July-Septemb

stock market, stock market investment, stocks, top stocks, top 10 stock picks, Motilal Oswal, Motilal Oswal's 10 stock picks for September 2020, TCS, Infosys, HDFC Bank

Only 1% of India pays income tax, govt shows proof; tax evasion still a major roadblock

Only 1.46 crore individual taxpayers filed returns declaring income above Rs 5 lakh in the financial year 2018-19 till February 2020.

income tax, low tax base, taxpayer, tax evasion, GST

GST shortfall: 21 states agree to borrow; others may lose aid, says Centre

The sources added that the non-compliant states even after June 2022, the non-complaint states getting the compensation will be subject to the Council extending the compensation cess collection period

These states have said the Centre, as the sovereign, should raise funds from the market to bridge the shortfall in the compensation cess funds.

Unstable prices: Barely 0.5% of Operation Greens funds released since launch 31 months ago

Data gathered by FE shows that under the Rs 500-crore Operation Greens, only five proposals worth about Rs 124 crore have been approved so far; worse, as little as Rs 2.4 crore was released under the

Rajya Sabha passes key farm Bills amid uproar

The deputy chairman also overruled Opposition pleas for postponing agriculture minister Narendra Singh Tomar’s reply to the debate till Monday as the scheduled sitting time of the House was over.

21 states accept Rs 97,000 cr borrowing proposal to meet GST shortfall

Finance Ministry sources said Jharkhand, Kerala, Maharashtra, Delhi, Punjab, Rajasthan, Tamil Nadu, Telangana, and West Bengal are yet to respond to the GST Council proposal to decide their options.

In the current fiscal, the states are staring at a staggering Rs 2.35 lakh crore Goods and Services Tax (GST) revenue shortfall.

FinMin to decide borrowing calendar for current fiscal’s second half in Sep last week

The government had envisaged to raise 58 per cent of the total borrowing target of Rs 6.98 lakh crore from the dated securities in the first half of the current fiscal.

In the second quarter, the borrowing through dated papers has touched Rs 3.60 lakh crore as of September 18.

Govt collects Rs 84,023 cr non-tax revenue in FY21 so far

"The total non-tax revenue collected by the Central Government, so far, during this financial year is Rs 84,023.78 crore (Provisional)," he said.

These include "data analytics and Artificial Intelligence and Machine Learning (AI/ML) for corporate profiling, behaviour analysis and fraud analysis and alerts, to identify non-compliant corporate entities," he said.

COVID-19 provides opportunity to India, Japan to further strengthen ties: Report

The report recommended certain steps such as simplification of the form to incorporate a new company and appoint directors, ensuring easy customs clearance procedures, and immediate refunds of GST cre

The Japanese business community is upbeat about its investments and ventures in India, it said.

‘Just when India should be presenting as China’s alternative, Soviet-style statism is creeping back’

Team Modi has left no stone unturned when it comes to spinning a narrative in which it’s doing everything right. The longer this pretense continues, the higher the risk of India getting stuck in a p

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