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Why it’s time for India to rethink its inflation target regime

Is inflation targeting right for India, and does it focus on the right target?
The Economic Times

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Government ready to debate with Rahul Gandhi on CAA: Amit Shah

Union Home Minister Amit Shah on Saturday challenged Congress leader Rahul Gandhi to prove that the Citizenship Amendment Act would take away citizenship from Indian Muslims, as he advised him to read the act completely.

Punjab government passes resolution against CAA

Resolution moved by Punjab government against Citizenship Amendment Act has been passed in th...

Geospatial data will emerge as a key differentiator for businesses: CSS Corp's Manish Tandon

Geospatial technologies can use the power of IoT...

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  • US gold futures rose 0.3 per cent to $1,555.40.

    Revenue secretary Ajay Bhushan Pandey is reviewing the matter of fraud input tax credit (ITC) claims on a weekly basis, a government official said, adding that the department will verify and scrutinise taxpayers that have purchased goods from tax evading non-filers.

    According to sources, "So far, only 2 lakh tonnes of urad has been imported. The pulses situation was reviewed recently by the concerned ministeries and a consensus has emerged to give time till June for undertaking the import of rest of the quota."

    Forex traders said the drop in the rupee was largely due to a spurt in crude oil prices following rising tensions in the Middle East and North Africa.

    The Governor has been at loggerheads with the government ever since the state assembly passed a resolution last month, seeking to scrap the new law. Khan had also publicly expressed his displeasure over the government not informing him moving moving the Supreme Court against the CAA.

    Official says acquisition details of non-personal, anonymous data will be made public; cos raise privacy, IPR concerns. Currently, a separate committee, set up to suggest a framework around non-personal data and led by Infosys co-founder S. (Kris) Gopalakrishnan, is due to lay out terms for sharing of non-personal data between companies.

    Refunds of over Rs 28,000 crore are said to have been filed by over 27,000 taxpayers so far on account of inverted duty structure in the current financial year.

    Delhi is leading the way for STEM jobs with 31% of overall postings among metros, followed by Mumbai (21%), Bengaluru (14%), Pune (12%), Hyderabad (12%) & Chennai (10%). The West has beaten the rest of the country to the top spot, with 34% of all postings from this region. The North-South of India come in at a close second with 31% of postings.

    In the current fiscal, the government has decided to stay with the borrowing programme as announced in the Budget 2019. This has cheered the markets and kept yields in check. In the Budget speech, the finance minister also announced borrowing from overseas market but later on dropped the plan owing to currency risks.

    Backed by the Reserve Bank of India, it’s an ambitious approach that combines privacy protection with credit reporting: if it works, it could unlock the credit market for millions of Indians while offering new levels of data security and consumer control.

    Adityanath said the state government was aiming to open Farmer Producer Organisations (FPOs) in all gram panchayats that will bring about a major change in the agriculture sector and help farmers in many ways.

    Following a Supreme Court ruling that non-telecom revenues should be included for considering payments of government dues, the Department of Telecommunications (DoT) has asked Oil India to pay Rs 48,000 crore in principal dues together with interest and penalty for using optic fibre network for internal communication.

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