BUSINESS
FTA strategy has become more pragmatic, says Planning Minister Rao Inderjit Singh
The adoption of the Multidimensional Poverty Index (MPI) reflects the government's commitment to capturing the broader realities of deprivation beyond income, says Singh
BUSINESS
CBDT may not provide tax relief to foreign-owned data centres
Industry seeks greater alignment across taxation norms, approval processes and power infrastructure at both central and state levels to further streamline development of data centres
BUSINESS
Govt moves to revamp sports framework as it eyes hosting 2036 Olympic Games
National Sports Policy to be announced soon; new governance framework in the works, say sources.
BUSINESS
Everstone’s Translumina and Everlife close to merger, valuation likely at Rs 6,000 crore
The coming together of the two healthcare players is likely to give them a significant share of India's medical devices segment. An combined will likely launch an IPO by October
BUSINESS
India nears 100-crore social protection beneficiaries as ILO's Phase-II assessment underway
The increased expansion in social security cover will bolster India's reputation on the global stage, strengthen India's leverage in negotiating and signing social security agreements with other nations, and provide India with a stronger hand in international discussions regarding trade and the movement of workers, said sources.
BUSINESS
Platform workers may also get life, accident insurance under new social security scheme
The government has already extended health insurance benefits to all gig workers under the Ayushman Bharat programme
BUSINESS
Govt eyes amendment to CGST Act to bring tax consistency for ride-hailing firms, say sources
'The CBIC is privy of the matter, and an amendment is being considered in the CGST Act, but the nod from Council is required,' an official told Moneycontrol.
BUSINESS
Govt works to count, secure Indian nationals in Iran amid tensions: sources
As of today, about 10,000–12,000 Indian-origin nationals live in Iran, including workers who are not permanent residents and students, sources said.
BUSINESS
Govt assessing state-run OMCs financial health to finalise compensation for LPG losses: Sources
The government may partially compensate the oil marketing companies (OMCs) for the losses incurred by them on sale of LPG cylinders or might even entirely decline the request, sources told Moneycontrol.
BUSINESS
MC Interview: MoSPI preparing framework for faster data revisions; incorporating AI/ML, says Minister Rao Inderjit Singh
With the overall guidance of NSC and the technological advancements adopted by MoSPI for conducting surveys, the time lag for releasing survey reports has been reduced considerably, said Singh.
BUSINESS
Crypto hawala racket on I-T radar: Dubai a key hub for illegal fund transfers
The CBDT has sent out emails to all persons suspected of using the crypto route to launder money and evade tax, seeking a review of their ITRs. Many more high-networth individuals are also on the radar
BUSINESS
FATF may put Pakistan back on 'grey list' over terror financing
At a recent FATF meeting, India flagged Pakistan’s terror networks and the support they receive from the government
BUSINESS
Digital rupee expansion: RBI eyes major boost in offline CBDC-R use
As many as 17 banks allow offline transaction of CBDC-R but in the coming months, more than 30 banks might be allowed the same
BUSINESS
Over 5 million unorganised workers benefited in last 11 years: Labour Ministry
One of the key components of the welfare framework is the 'Education Assistance Scheme', which provides annual scholarships ranging from Rs 1,000 to Rs 25,000 for the wards of beedi, cine, and non-coal mine workers
BUSINESS
16th Finance Commission may keep states' share in central taxes unchanged or raise it by 1 percentage point, say sources
The Commission, headed by Arvind Panagariya, has concluded consultations with all 28 states. Of these, 22 have requested that the states’ share in the divisible tax pool be raised to 50 percent from the current 41 percent, which applies to the FY21–26 period.
BUSINESS
Income Tax Bill 2025: Parliament panel focuses on clarity, not overhaul
The new bill includes extensive use of tables, formulae for enhanced clarity, and consolidation of provisions scattered across various sections/chapters relating to a single issue.
BUSINESS
Agriculture ministry embraces complete satellite-based crop area estimation
'The estimates will include production data for both established and newer crops (such as strawberry, avocado etc) …marking a significant leap forward in agricultural data collection and analysis for the country,' an official said.
BUSINESS
India's social security cover surges to 64.3% in 2025 from 19% in 2015
More than 94 crore Indians are now covered under at least one social protection benefit
BUSINESS
Revision of GDP, IIP estimates 'not weakness but strength' of the system, says Statistics Secretary Saurabh Garg
In case of factory output, the NSO regularly sensitizes source agencies to engage with production units regarding timely submission of data. If the initial response rate by the production units is good, the magnitude of subsequent revisions reduces significantly.
BUSINESS
Goodbye pen and paper, NSO embraces digital surveys for faster results: MoSPI secretary Garg
"With the use of CAPI, the time period for dissemination of the results and the data of the surveys post the conduct of the survey could be reduced to a great extent," noted Garg
BUSINESS
Cryptocurrency status in limbo as officials fear 'dollarization' of economy, unclear global regulation
Citing a lack of clarity on how major economies are regulating crypto assets, government officials have remained cautious of declaring cryptocurrencies as legal tender, instead choosing to wait and see how other countries are moving forward.
BUSINESS
Centre plans AI-powered district-level business register to gauge sentiment surveys
The Statistical Business Register (SBR) will likely serve as a comprehensive database of enterprises operating at the district, state, and national levels, and will be the backbone to develop an Integrated Official Business Statistics system.
BUSINESS
'Food & beverages' may get lower weightage of 36-38% in new CPI series: Source
According to the Household Consumption Expenditure Survey 2022-23, the segment's share in households' monthly per capita consumption expenditure fell to 46.4 percent in 2022-23, compared with 52.9 percent in 2011-12.
BUSINESS
Moody’s may factor in India-Pak war into sovereign rating, unlikely to change methodology
A source from Moody’s Ratings told Moneycontrol the agency is unlikely to change the methodology of assessment. "We've a fixed parameter for credit ratings of sovereigns. Not sure, if we are flexible in changing our sovereign rating methodology," the person added.
