Economy
Expect Q2 GDP to show bounce back but concern really on sustaining it as challenges abound
Numbers still play a crucial role in judging the performance of an economy and while we are well into the third quarter of the current financial year, we have only the first quarter GDP numbers – be
Budget wish-list: Oil producers seek tax sops to raise domestic output
The exemption was available to the sector from March, 2012 till the introduction of GST on June 30, 2017.
Much at stake for India as WTO talks lose steam
However, in the absence of a strict time-line for reconvening the ministerial, which typically brings in the urgency to resolve outstanding issues, developing countries will find it difficult to make
Inflation could impede nascent economic recovery
Driven by a rise in rural unemployment which jumped to 7.91% in October from 6.06% in September, overall unemployment rose to 7.75% from 6.86%, CMIE data showed.
Assam govt rolls out microfinance loan waiver scheme for 24 lakh women
The Assam Cabinet had on September 30 approved Rs 1,800 crore to waive microfinance loans availed by poor women in the first phase.
Rising fuel prices- Small is big: How the ‘Chhotu’ LPG cylinder became a bestseller
To encourage regular refill, a swap option from the standard 14.2 kg connections to 5 kg connections was offered to Pradhan Mantri Ujjwala Yojana (PMUY) consumers.
WTO defers ministers’ meet
The postponement followed the announcement of travel restrictions and quarantine requirements in Switzerland and many other European countries.
Govt plans further cut in compliance burden: Piyush Goyal
Goyal pitched for making mediation the preferred mechanism for commercial dispute resolution, instead of rushing to courts every time there is a dispute.
Assam govt to roll out microfinance relief scheme, distribute cheques among borrowers
To start with, the Himanta Biswa Sarma-led government is scheduled to roll out the special one-time relief in a three-day event commencing on November 28.
Himachal Pradesh govt announces new pay scales for its employees
Thakur said that a committee would be constituted for appointment on compassionate grounds under the chairmanship of chief secretary. The Committee would give its presentation in the next Cabinet meet
PHD chamber urges GST Council to rationalise rates
Items in category of 12 per cent rate should be reduced to 10 per cent and goods in the category of 18 per cent rate should be reduced to 15 per cent, he suggested
Piyush Goyal asks gem, jewellery sector to focus on design, diversifying export product basket
He said that exports from the sector have increased to USD 23 billion during the April-October period of this fiscal.
WTO delays key meeting amid Covid variant concerns: Official
The World Trade Organization is postponing its conference of government ministers set to open Tuesday after Switzerland initiated new travel restrictions following the emergence of a worrying new coro
Draft agreement on fisheries subsidies submitted to ministers ahead of their meeting: WTO
India is suggesting that those countries which are engaged in distant water fishing and beyond their natural geographic area should stop giving subsidies for 25 years in fishing areas beyond their exc
Tremendous potential to grow bilateral trade with Canada: Goyal
"An initial interim agreement covering goods and services, deeper economic partnership in several sectors and a much larger and comprehensive agreement at the second stage, a little later.
BRICS nations need to strengthen coop to support economic recovery: CEA
He also underlined the need for strengthening international cooperation and establishing a cross border regulatory mechanism for further improving the investment environment and enhancing capital flow
GoM meet on GST rate rationalisation deferred
Sources said the meeting has been deferred and the GoM would submit its report to the GST Council, chaired by the union finance minister and comprising state counterparts.
Petroleum Minister Hardeep Singh Puri says high oil prices to hurt global economic recovery
"We have told the producing (nations) if you don't exercise caution you will be in a situation that your desire to maximise profit in the short run will undermine the global economic recovery. If that
India’s forex kitty increases by $289 mln to $640.40 bln
The overall reserves had declined by USD 763 million to USD 640.112 billion in the previous reporting week. They had touched a life time high of USD 642.453 billion in the week ended September 3, 2021
2021 is a watershed year for Indian economy: Kumar Mangalam Birla
Speaking at the virtual annual session of ICC, Birla said that 30 years after the first wave of reforms in 1991, this year there has seen an investment boom in the country making India an economy of t
India faces uphill battle to meet 2030 climate targets: Fitch
Stating that the strongest prospects for displacing fossil fuels are in the power sector, Fitch said the targets are likely to be missed in absence of a step change in the sector.
Bihar, Jharkhand, UP emerge as poorest states in India: Niti Aayog
As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh.
UP now one of the most investor friendly states, change for the better is visible: Yogi Adityanath
Uttar Pradesh is now one of the most investor friendly states in the country, where an investor has no longer to worry either about his personal safety and security or that of his investments, he said
India-US deal: Google tax leeway for India till OECD tax pact takes effect
Delhi can continue to collect levy on large US-based non-resident e-commerce firms in the interim, may have to return excess collected later
US raises anti-dumping duty on shrimp exports by India
USDOC on Wednesday issued the final results of the fifteenth administrative review of the anti-dumping duty order on frozen warm-water shrimp from India by fixing an anti-dumping duty rate of 7.15%. I
Borrowing costs for states lowest since April
The yield on G-Sec has fallen due to a fall in US Treasury yields and the easing of oil prices in the international market. Currently, the yield on benchmark 6.10%-2031 bond yield is trading at 6.3657
Only 29 FDI proposals pending for approval as of today: DPIIT secy
Under that press note, the government had made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms f
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