Clipped from: https://www.business-standard.com/article/economy-policy/fiscal-deficit-hits-rs-12-34-trillion-at-end-of-january-shows-data-121022700068_1.html The fiscal deficit at the end of January in the previous financial year was 128.5 per cent of the Revised Estimates (RE) The
Category: Economy
Govt announces ‘One District One Focus Produce’ programme – The Financial Express
Clipped from: https://www.financialexpress.com/economy/govt-announces-one-district-one-focus-produce-programme/2203182/ It took almost nine months to design after Prime Minister Narendra Modi, during his interaction with officials in May last year on ways
We must continue to trade with China, says Bajaj Auto’s Managing Director Rajiv Bajaj – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/we-must-continue-to-trade-with-china-says-bajaj-autos-managing-director-rajiv-bajaj/articleshow/81244770.cmsSynopsis Bajaj also said that in terms of ease of doing business, operating something in one of the ASEAN countries is certainly easier than
Modi govt has been quietly following the idea of Aatmanirbharta for the past seven years – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/modi-govt-has-been-quietly-following-the-idea-of-aatmanirbharta-for-the-past-seven-years/articleshow/81248310.cmsSynopsis While the tagline — Aatmanirbharta — is new, the Centre has been quietly following the idea inherent in it since the first Modi
US owes India USD 216 billion as American debt soars to USD 29 trillion: lawmaker – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/us-owes-india-usd-216-billion-as-american-debt-soars-to-usd-29-trillion-lawmaker/articleshow/81240956.cmsSynopsis America’s national debt was USD5.6 trillion in 2000. During the Obama administration, it actually doubled. In 2020, the US national debt was USD
Poverty alleviation: Why India is not able do to what China has pulled off | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/poverty-alleviation-why-india-is-not-able-do-to-what-china-has-pulled-off-121022601172_1.html What should concern India is not just its loss of economic momentum, but also the fact that it is not outpacing countries not
GDP Numbers–Positive surprise for third quarter but negative for FY21? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gdp-numbers-positive-surprise-for-third-quarter-but-negative-for-fy21-121022600969_1.html The GDP forecasts do indicate that we are on the right path and in the absence of any serious localized lockdowns can be
The economics of petrol pricing – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-economics-of-petrol-pricing/2202830/ The excise rate, levied on a per-unit basis, has been in the range of Rs 18-20 for 2018, 2019 and the first half
Pricier steel can be costly for economy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/pricier-steel-can-be-costly-for-economy-ep/article33813520.ece To sustain post-Covid recovery, steel import tariffs must be cut to zero and iron ore export curbed The Competition Commission has opened a suo
India to be biggest driver of global energy demand growth in next two decades: IEA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/india-to-be-biggest-driver-of-global-energy-demand-growth-in-next-two-decades-iea/article33798308.ece India to make up a quarter of global demand growth during 2019-2040; reliance on oil imports to rise above 90% by 2040; gas
Concerns on high steel prices unfounded: JSW Steel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/concerns-on-high-steel-prices-unfounded-jsw-steel/article33762154.ece Notwithstanding the cut in import duty on steel products, the high iron ore prices and second wave of Covid remain a concern for
Imported raw material, other than precious metals, permitted to be used for job work – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/imported-raw-material-other-than-precious-metals-permitted-to-be-used-for-job-work/article33752299.ece Advance intimation of import consignment to be mandatory A manufacturer will now be able to use imported raw material for outsourced work also
A monetary policy that strikes a chord with fisc – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-monetary-policy-that-strikes-a-chord-with-the-fisc/article33762050.ece Holding steady The central bank keeping a ‘hold’ on rates was widely anticipated – PAUL NORONHA Holding steady The central bank keeping a
PLI scheme for solar PV to spur ₹14,000-cr investment – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/national/pli-scheme-for-solar-pv-to-spur-14000-crore-investment/article33874090.ece Government to invest ₹4,500 crore on the scheme Prime Minister Narendra Modi said on Thursday that the performance-linked incentive (PLI) scheme for high-efficiency
Will FM’s asset monetisation plan pay off? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/will-fms-asset-monetisation-plan-pay-off/article33761043.ece The idea is good, but there are challenges to generating revenues through sale of surplus land held by the govt and PSUs Finance
PLI schemes for 10 sectors to be notified by March 31: DPIIT Secretary – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/pli-schemes-for-10-sectors-to-be-notified-by-march-31-dpiit-secretary/article33762483.ece Identification of beneficiaries, who could enjoy 4-6% incentives, to take another 2-3 months The Centre is hopeful that the Production Linked Incentive (PLI)
There is no provision to take credit of the agriculture infra cess: Expert | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/there-is-no-provision-to-take-credit-of-the-agriculture-infra-cess-expert-121020800718_1.html This should not matter much because wherever AIDC has been imposed, the basic customs duty (BCD) or excise duty has been reduced, and
Diverse responses to the Budget | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/diverse-responses-to-the-budget-121020801673_1.html The finance minister did very well for equity market investors. How did she fare with households? The presentation of the Indian Union Budget is an
A pro-growth turn in government policy | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-pro-growth-turn-in-government-policy-121020801757_1.html The growth impact of PLI schemes could start showing up in FY22 Total central government spending in FY22 should be unchanged from the
Indirect Taxes: FM Sitharaman’s Budget attempts a delicate balancing act | Business Standard News
Clipped from: https://www.business-standard.com/budget/article/indirect-taxes-fm-sitharaman-s-budget-attempts-a-delicate-balancing-act-121020202031_1.html The focus has been on smoothening the GST structure and removing anomalies, as well as closing loopholes to curb fraudulent practices Even before
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