Government and Policies - ET Edge Insights

Centre decreases windfall cess on crude oil to 3500 rupees per tonne

The windfall tax on locally produced crude oil was decreased by the Union Ministry of Finance on Monday to 3,500 rupees per tonne, according to PTI. The windfall tax for the past two weeks has been 4,400 rupees per tonne. Diesel export taxes have increased from 0.50 to 1 Rupee per litre. Each two weeks, …

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In 2014, nobody would have guessed that India could have a startup with a private rocket system: Meenakshi Lekhi

Government and Policies

Minister of Culture for the State of India reaffirms India’s success story, citing achievements like record Covid vaccination drive, the startup ecosystem, and innovation

Government lists crypto under money laundering legislation

Government and Policies

To fortify regulatory oversight over digital assets, the purview of the Prevention of Money Laundering Act has been broadened to include crypto trading, safekeeping along with concomitant financial activities, according to fresh reports. On Tuesday, the Union Finance ministry issued a gazette notification to get the ball rolling. Ensuring KYC of customers and platform users …

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India’s Action-Oriented Presidency in G20: Driving Digital Transformation and Green Transition

Government and Policies

India is set to play a critical role in G20, a forum of the world’s largest economies that accounts for almost 85 percent of global production, 78 percent of global trade, and two-thirds of the world’s population- Amitabh Kant said in a recent speech. This comes at a time when the world is facing multiple …

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India and EU announce three working groups under Trade and Tech Council

Government and Policies

The ministerial meetings will be conducted once every year, with the venue alternating between India and the EU.

Narayana Murthy urges govt. to bring back old regime for NRIs

Government and Policies

N.R. Narayana Murthy, founder of Infosys, made an urgent request to the Union Finance Minister, Nirmala Sitharaman, to reinstate the old regime that allowed non-resident Indians (NRIs) to stay for 183 days in the country, as reported by ET. “Though they have no reason to do so, NRIs have a heart for the betterment of …

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Government policies : Strong enabler to push infrastructure development

Government and Policies

One of the key drivers fuelling India’s ambitious growth story is infrastructure. As the country’s overall development is primarily pivoted on its infrastructural prowess, the sector enjoys intense focus from the government, which has been introducing viable policies targeted at ensuring the creation of a sustainable world class infrastructure in the country. India’s infrastructure sector …

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FM Sitharaman to unveil Economic Survey 2023 today: Report

Government and Policies

The survey will be split into two parts: Part A and Part B.

YS Jagan Mohan Reddy seeks global investments in AP

Government and Policies

YS Jagan Mohan Reddy, Chief Minister of fastest-growing Andhra Pradesh, outlined the numerous benefits of investing in the state's plug-and-play industrial environment and urged global nations to invest in the state and contribute to its economic growth. Addressing the International Diplomats Alliance Meet here on Tuesday, the Chief Minister exhorted them to participate in the …

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G20 Presidency and US-India relations; proclaiming a new ambition

Government and Policies

The world has finally opened, but not as we knew it. Humans remain more connected than ever, however, globalisation seems to rapidly lose some of its ideological momentum. Cross border FDI has reached pre-pandemic levels, however the job market recovery has gone into reverse. China plus one strategy is gaining ground, while rising inflation is …

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