Govt should cut taxes on individuals and firms and allow them to play a bigger part in the revival story. Confidence is back. An effective stimulus could address over-the-top taxation, such as cesses, which can be removed. It could also involve cash transfers to the poorer sections of the population, which will spend immediately.
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Acting on a petition by Pune-based RTI activist Vihar Durve, the panel directed the central agency to cite regulations under which look out circulars were issued in October and November, 2015
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The Uttar Pradesh government sees the current low prices of paddy in the open market as a temporary phenomenon caused by sluggish demand for the grain after the free food grain distribution through ration shops for eight months under Atmanirbhar Bharat plan.
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Bengaluru is one of the largest contributors to India’s economy. The city requires huge investments, home minister Basavaraj Bommai said at a pre-budget interaction with finance minister Nirmala Sitharaman. The home minister represents Karnataka in the GST Council.
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The panel will hear views of Facebook and Twitter on misuse of social media and online news platforms including special emphasis on women security in the digital space
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Policymakers are eager to return to the period of low unemployment that preceded the pandemic and are less concerned than in previous eras about sparking inflation and taking on debt.
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Besides 115 basis points reduction in the benchmark repo rate, the rate at which RBI lends to bank, the central bank has infused liquidity into the system through unconventional tools such as LTRO/TLTRO operations to make loans cheaper.
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Finance minister Nirmala Sitharaman on Wednesday held a meeting to review the progress of 34 projects in the health and water resources sectors involving investments of Rs 3.6 lakh crore under the National Infrastructure Pipeline (NIP).
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The swift recovery displayed by the economy after the bruising impact of one of the strictest lockdowns in the world to prevent the spread of the Covid-19 infection has surprised many. It has also brought some cheer for policy makers in an otherwise gloomy year. Never before has so much attention been devoted to GDP growth figures as has been for June and September quarters.
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While infrastructure investment was predominantly made by the public sector (the Centre and state governments had a share of over 70%) between FY08 and FY17, the share of private sector was ~30%.
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While PM Modi will inaugurate a portion of the dedicated freight corridor on Tuesday, he will launch six light house construction technology projects in six cities on January 1.
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That, together with stable domestic demand, higher contribution from ethanol due to higher cane diversion for ethanol production, and increased ethanol prices, will lead to a 100-200 basis points (bps) increase in the operating margin of sugar mills to 10.5-11.5% this fiscal.
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DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company’s board was superseded and R Subramaniakumar was appointed as the administrator
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The government in November approved the PLI scheme for ten key sectors, including telecom, automobiles and pharmaceuticals, taking the total outlay for such incentives to nearly Rs 2 lakh crore over a five-year period.
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Some analogies can help in assessing the risks: a yo-yo, hungry bears, a sloshing bathtub and a reflating balloon.
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