Page 18 - Economy

Tax authorities want IT professionals to declare income from 'moonlighting'

The concerns from tax authorities have come at a time when there is an ongoing debate on how far 'moonlighting' by employees can be allowed.

RBI's MPC to explain first inflation miss since 2016 to government today

This is the first time the Reserve Bank of India is writing such a letter after the country switched to a flexible inflation-targeting regime and formed a committee in 2016 to set interest rates

India may allow Chinese JVs with Indian cos for electronics manufacturing

Officials added that any proposal for a JV could be considered if that leads to the growth of the electronics manufacturing ecosystem in India

Trade data from China, India shows gaping hole of $12 billion: Report

India-China trade: Under-invoicing of shipments by Indian importers is believed to be the main reason behind the gap in figures

Has India's outlook towards GM changed or is it just a flash in the pan?

Quick decision-making has pumped up the scientific community, particularly for those who work in the field of agriculture sciences

Why FATF removing Pakistan from 'grey list' has miffed India so much

FATF started out with 16 developed countries as members and added 12 by 1992. It has since expanded to the current list of 39 members

US suggests EU consider using export controls to target China: Report

The conversations came up as European Union and US officials are negotiating the agenda for their next high-level trade forum in early December.

Railways readies Rs 90,000 crore projects for freight optimisation

Ministry aims for Rs 2-trillion budgetary allocation in coming years, says minister Vaishnaw

Govt to start with one or two GACs, to present structure, working soon

Several big tech companies had expressed reservations over the GACs, which can overturn the decisions taken by grievance officers of social media companies

German economy sees unexpected growth in Q3 with 0.3% GDP expansion

The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed on Friday. Gross domestic product in Europe's biggest economy expanded by 0.3 per cent in the July-September period compared with the previous quarter, the Federal Statistical Office said. That followed a slight increase of 0.1 per cent in the second quarter. The German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing COVID-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine, the statistics office said. The government said earlier this month that GDP was believed to have shrunk in the third quarter and was expected to decline again in the last three months of the year as well as the first three months of 2023 before beginning to recover. Two consecutive quarters of negative growth is one technical definition of recession. With energy prices high,

Japan's unemployment rate rises to 2.6% in September: Govt report

Japan's unemployment rate rose to 2.6 per cent in September from the previous month, the government said in a report on Friday

Centre may revamp Trai as permanent technical body, may get more power

The government and Trai have been at odds over the draft telecom bill for the past few weeks

Govt to set up social media grievance appellate committees within 3 months

The committees will be established with the aim of providing users of social media sites like Facebook and Twitter with an alternative dispute resolution method

Xi's fraying ties with West make China+1 real theme in India festive season

India as a risk-mitigation tactic - a hedge against manufacturing all widgets in China - is a story that's gathering investor interest and helping to justify lofty valuations

Shiprocket enables 1st inter-city logistics for small merchants on ONDC

Logistics solution provider Shiprocket on Thursday said it has gone live on ONDC, enabling first ever inter-city logistics on the government-backed e-commerce network.

China bankers replaced by tech PhDs as Xi sparks new fund talent war

In the quest for talent, venture capital firms are forced to get creative

UK Treasury chief delays detailing new economic plans until Nov 17

UK Treasury Chief Jeremy Hunt has delayed a statement on the country's economic affairs until November 17, only a day after the new prime minister took office. Hunt told the BBC says that a two and half week delay will ensure the right decisions are taken. The statement was originally set to be announced on October 31. The Treasury says in a tweet that new Prime Minister Rishi Sunak and Hunt have agreed that the statement will include a forecast from the independent Office of Budget Responsibility. It will contain the UK's medium term fiscal plan to put public spending on a sustainable footing, get debt falling & restore stability," the Treasury said on Twitter.

Spat over format of Andhra Pradesh's capital city rattles global investors

The three-capital plan proposed by the YSR Congress implies a significant shrinkage of the Amaravati project.

Centre lays down 75-point climate-friendly agenda under Mission LiFE

Initiatives cover actions under seven categories--energy, water saving, single-use plastic, sustainable food systems, waste reduction (Swachhata actions), healthy lifestyle, and e-waste

'Not supply': AAR rules out GST on canteen fees, notice period pay

The announcement by the AAR bench came after the clarifications issued by the Central Board of Indirect Taxes and Customs (CBIC) in August