Economy

Inflation at the wholesale level slowed to 5.09% in July largely due to a cooling down of food price inflation, according to official data released on Tuesday. The Wholesale Price Index (WPI) based inflation was lower than June’s 5.77%. The primary articles category saw growth slowing significantly to 1.73%, from …

The government on Tuesday proposed a new transaction structure for the bid process for greenfield airports, switching from a revenue share model to a fixed fee per passenger to be paid to the concessioning authority. The Ministry for Civil Aviation is betting that the proposed change to the bid parameters …

Will however be a ‘negative’ for outbound tourists: industry The sharp depreciation of the rupee against major currencies will help inbound tourism to grow while outbound travel will be hit. “A weakened rupee has made India a cheaper foreign destination,” said Subhash Goyal, Chairman, Assocham Tourism Committee. “We expect inbound …

The rupee breached the psychological barrier of 70-to-a-dollar for the first time as the sharp fall in the Turkish lira continued to affect all emerging market currencies. The rupee had a strong opening against the dollar at 69.85, but fell sharply to breach the 70-mark and went on to depreciate …

The Ayushman Bharat-National Health Protection Scheme (AB-NHPS), likely to be launched on Wednesday, aims to provide a medical coverage of Rs. 5 lakh a family every year. The scheme, estimated to benefit more than 10 crore poor families, will be implemented on a pilot basis in select States. The nationwide …

‘Moderate food inflation to continue till MSP impact hits’ Retail inflation eased to a nine-month low of 4.17% in July as food inflation cooled to its lowest level since July 2017, according to official data released on Monday. Inflation based on the Consumer Price Index (CPI) slowed from the 4.92% …

MSMEs with a turnover of up to Rs. 5 crore may be exempted from filing returns The run-up to the polls in Gujarat saw a massive rejig of Goods and Services Tax (GST) rates across the board as disenchantment with the regime was at a peak. Ahead of the Assembly …

Belagavi comes second Mangaluru city has ranked 41st in the country and top in the State in the Ease of Living Index 2018 released by the Union Ministry of Housing and Urban Affairs in Delhi on Monday. Among the seven cities assessed in the State, Belagavi stood second, with the …

Centre notifies due date for filing GST returns The government has modified the due date for filing of final GST sales returns by businesses with turnover exceeding Rs. 1.5 crore to the eleventh day of the succeeding month. In a notification, the Central Board of Indirect Taxes and Customs has …

To cater to demand for trained manpower in disruptive tech The International Institute of Digital Technologies (IIDT), started by the AP Electronics and IT Agency (APEITA) in Tirupati in February, 2017 to cater to the increasing demand for trained manpower in disruptive technologies, has decided to set up a campus …