Economy
Amid outrage, govt says caramelised popcorn to stay at 5% GST in theatres
Change in sale of old EVs a simplification measure
 "Amid outrage, govt says caramelised popcorn to stay at 5% GST in theatres")
Net FDI into India slows to $2.2 billion during April-October: RBI data
The slowdown in net FDI into India is consistent with trends observed in other emerging market economies, including Mexico, Vietnam, Indonesia, the Philippines, and Thailand, among others
 "Net FDI into India slows to $2.2 billion during April-October: RBI data")
Increase in rupee volatility in Dec shows little signs of abating
Implied volatility over 3-month, 6-month period remains elevated
 "Increase in rupee volatility in Dec shows little signs of abating")
GST on old used cars only when sale price higher than depreciated value
In any other cases, GST is payable only on the value that represents the margin of the supplier i.e. the difference between selling price and the purchase price. Again, where such margin is negative
 "GST on old used cars only when sale price higher than depreciated value")
The India story: How India, the 'bright spot', can continue to shine
The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies
 "The India story: How India, the 'bright spot', can continue to shine")
PM Modi stresses fundamental change in the mindset for Viksit Bharat
The meeting was chaired by the Prime Minister and attended by Finance Minister Nirmala Sitharaman, Chief Economic Adviser V Anantha Nageswaran, and NITI Aayog officials
 "PM Modi stresses fundamental change in the mindset for Viksit Bharat")
FIEO bets on five sectors to drive exports to US under Donald Trump
The comment by exporters' body comes at a time when Trump threatens to impose high tariffs on Chinese goods
 "FIEO bets on five sectors to drive exports to US under Donald Trump")
Job creation slows in unincorporated sector in 2023-24: NSO report
This is according to the latest factsheet titled 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' released by the National Statistical Office (NSO) on Tuesday
 "Job creation slows in unincorporated sector in 2023-24: NSO report")
RBI report sees economic recovery in Q3; FPI flows turns positive in Dec
The report further said India's growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand
 "RBI report sees economic recovery in Q3; FPI flows turns positive in Dec")
Rupee defence strategy: Why RBI should embrace currency flexibility
India now holds about $650 billion in reserves, enough to finance nearly a year of imports. The problem is that global financial markets have even more firepower
 "Rupee defence strategy: Why RBI should embrace currency flexibility")
Jobs, farm productivity, infra funds figure at PM's meeting with economists
Prime Minister Modi emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047
 "Jobs, farm productivity, infra funds figure at PM's meeting with economists")
Unincorporated enterprises rise 12.28%, sees 10% rise in jobs: Govt survey
The sector employed more than 120 mill workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth
Sold net $9.28 bn in spot forex market in October, says RBI Bulletin
The RBI's net outstanding forward sale stood at $49.18 billion as of October end, compared with a net sale of $14.58 billion at the end of the previous month, the data showed
 "Sold net $9.28 bn in spot forex market in October, says RBI Bulletin")
One Nation, One Election bill could give ECI say over Assemblies' terms
In the current version of CAB, if a state's elections cannot be held with the LS, the EC will be empowered to declare the dates for those polls, effectively giving it final say on the Assembly's term
 "One Nation, One Election bill could give ECI say over Assemblies' terms")
Year in review: 5 important regulatory changes by Indian govt in 2024
Addressing diverse areas ranging from patent processes to frameworks for AI regulation, the Centre introduced several significant regulatory changes in 2024
 "Year in review: 5 important regulatory changes by Indian govt in 2024")
Rupee remains under pressure, touches new low of 85.12 per dollar
The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows
 "Rupee remains under pressure, touches new low of 85.12 per dollar")
Food inflation continues to play spoilsport for FMCG sector: Kantar report
The per household average spend in the urban market recorded a 13% jump in a year to reach Rs 6,761 this Oct quarter
 "Food inflation continues to play spoilsport for FMCG sector: Kantar report")
Event organisers to gain ITC benefits as GST Council amends sponsorship tax
GST Council brings sponsorship services under forward charge mechanism
 "Event organisers to gain ITC benefits as GST Council amends sponsorship tax")
Inflation, tariffs & conflicts: Risks stack up for global economy in 2025
In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline
 "Inflation, tariffs & conflicts: Risks stack up for global economy in 2025")
Advancing tax administration: Role of technology in India's tax ecosystem
Transforming tax administration in India: Technology-driven reforms redefine compliance, efficiency, and strategic decision-making
 "Advancing tax administration: Role of technology in India's tax ecosystem")
