Economy News ( English version)

Revenue Secretary Sanjay Malhotra defended the capital gains tax rationalization, stating it was industry-demanded. He highlighted the budget's focus on tax reforms, simplification, and investment-friendliness, with minimal revenue impact. The collaborative approach includes benefits like abolishing angel tax and reducing customs duties. Industry leader […]

West Bengal Agriculture Minister Sobhandeb Chattopadhyay noted the state's significant rice production, accounting for 14% of India's total. Despite climate challenges, efforts to improve cultivation and diversify rice varieties, including stress-tolerant and hybrid types, have advanced, he said

Labour and employment minister Mansukh Mandaviya chaired an inter-ministerial meeting on Friday with top officials of 20 central ministries and departments as well as industry representatives and called for a need to create linkages among different employment data sources and assimilating and integrating them to develop a system that captures a holistic pict […]

The RBI said monetary penalty on Payment System Operators (PSOs) Manappuram Finance and Ola Financial Services has been imposed for non-compliance with certain provisions of Know Your Customer (KYC) directions. Compounding orders were also issued to two Ola Financial Services and Visa Worldwide for contravention of certain provisions.

Union Minister Nitin Gadkari revealed that Rs 70,000 crore worth of projects for roads, highways, and expressways were underway in Delhi and nearby areas to alleviate traffic jams. Gadkari highlighted the adoption of fast-changing technology and the use of landfill waste in road construction.