Page 18 - Economy News
STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023
Finance Bill 2023: Debt funds with less than or equal to 35 per cent invested in equity shares will be taxed at the investors' income tax slab and treated as short-term capital gains
 "STT hike to GST appellate tribunal: Key takeaways from Finance Bill 2023")
No respite for global stocks as banks around the world continue to struggle
The MSCI World share index traded 0.4% lower, while still heading for a 1.5% weekly gain. Europe's STOXX 600 index was down 1 per cent
 "No respite for global stocks as banks around the world continue to struggle")
Analysts cut Asian companies' earnings; global slowdown, China to blame
Some analysts expect China's recovery may not be enough to offset headwinds from weak global demand and supply constraints for export-reliant economies in the region
 "Analysts cut Asian companies' earnings; global slowdown, China to blame")
Entrepreneurs create wealth; it is time to celebrate their spirit
They put their wealth at risk and implement projects that produce goods and services, writes U R Bhat
 "Entrepreneurs create wealth; it is time to celebrate their spirit")
PM Modi launches development projects worth Rs 1,780 crore in Varanasi
He laid the foundation stone of the passenger ropeway from Varanasi Cantonment station to Godowlia. The project is estimated to cost Rs 645 crore
 "PM Modi launches development projects worth Rs 1,780 crore in Varanasi")
Finance Bill: How will new Mutual Fund rules impact investors from April 1?
New Mutual Fund rules: All existing investments and new investments made in debt MFs before March 31 will not be affected by the proposed mutual fund tax change
 "Finance Bill: How will new Mutual Fund rules impact investors from April 1?")
Lok Sabha passes Finance Bill with 64 official amendments with discussion
While moving the bill for passage and consideration, finance minister Sitharaman also announced the setting up of a committee under finance secretary to look into pension issues of government employee
 "Lok Sabha passes Finance Bill with 64 official amendments with discussion")
Govt will set up a committee to review pension scheme: FM tells Parliament
Employees from several states have been demanding a change in the current pension system. Some states, including Rajasthan, Chhattisgarh, Jharkhand have already switched back to the old pension scheme
 "Govt will set up a committee to review pension scheme: FM tells Parliament")
Western Australia to improve ties with India, focus on green tech: Minister
Australian state 'uniquely placed' to work with India for energy transition, says Stephen Dawson
 "Western Australia to improve ties with India, focus on green tech: Minister")
India set to surpass China in need for oil as growth paths diverge
With daily crude consumption triple that of China, traders and producers looking to tap into diminishing global demand growth will be betting on India into the next decade
 "India set to surpass China in need for oil as growth paths diverge")
India has committed over $240 bn in water sector: Gajendra Singh Shekhawat
He said India is implementing the largest dam rehabilitation programme in the world, to build climate resilience critical water storage infrastructure
 "India has committed over $240 bn in water sector: Gajendra Singh Shekhawat")
India's current account deficit likely narrowed to 2.7% of GDP in Q4: Poll
The median forecast of 22 economists polled March 16-23 showed a current account deficit of $23.0 billion in October-December 2022, or 2.7% of gross domestic product (GDP)
 "India's current account deficit likely narrowed to 2.7% of GDP in Q4: Poll")
India, UK hold discussions on bilateral and wider security cooperation
Indian High Commissioner to UK Vikram Doraiswami recently met Commandant Major General Zack Stenning OBE at Royal Military Academy, Sandhurst and discussed engagements in Professional Military domain
India's FY24 urea imports likely to dip by 33%, say trade sources
Crop sowing in the kharif season starts with the onset of the monsoon. Paddy, cotton, pulses, and soybean are the major crops
 "India's FY24 urea imports likely to dip by 33%, say trade sources")
India pitches for ratings upgrade at meeting with representatives of Fitch
Fitch currently rates India's long-term sovereign debt at BBB- with a stable outlook
 "India pitches for ratings upgrade at meeting with representatives of Fitch")
India-UAE partnership: CEPA review to focus on key data sharing
"Such trade facilitation can also help in enhancing our exports; logistics cost will also come down," the official said
 "India-UAE partnership: CEPA review to focus on key data sharing")
Neighbouring countries, allies to get access to India's 5G testbed
"More discussions on the proposal will be soon held. Other nations will be asked to apply for the same," an official said
 "Neighbouring countries, allies to get access to India's 5G testbed")
To join 'trade' pillar under IPEF or not? Govt's final call soon
Currently, India has an 'observer' status as far as the trade pillar is concerned
 "To join 'trade' pillar under IPEF or not? Govt's final call soon")
India's external situation stable, says CEA V Anantha Nageswaran
G20 second framework working group meeting to discuss global macroeconomic issues
 "India's external situation stable, says CEA V Anantha Nageswaran")
ICEA wants bars raised for Chinese companies in Indian markets
Justifying its stance, the ICEA in a presentation said the country had big global EMS players from Taiwan and the US, and home-grown players that could meet the requirements here
 "ICEA wants bars raised for Chinese companies in Indian markets")
