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After seeking import, Union govt slaps steep export charge on onions -Parthasarathi Biswas

-The Indian Express The steep MEP will, in a way, stop all outbound shipment of onions from India. THE UNION government on Friday slapped a steep Minimum Export Price (MEP) of $ 850 per tonne on onions, virtually putting brakes on the export of the produce. This is the first time that a MEP has been imposed on onions this year. Simply put, henceforth exports will not be allowed if the consignments...

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IMF's 'Phantom FDI' destinations and the India connection -Sai Manish

-Business Standard IMF study says investments in empty corporate shells in these nations by companies' hints at tax evasion New Delhi: In a recently released paper, the International Monetary Fund (IMF) has drawn the world’s attention to the rising menace of ‘Phantom foreign direct investment (FDI)’, defined as investment flows that pass through empty corporate shells that have no real business activity, with the intention to avoid paying taxes in their host...

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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)

-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...

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Navi Mumbai to have Maharashtra's first detention centre for illegal immigrants: Report

-Scroll.in In July, the Union government had sent instructions to all state governments to set up detention centres in all major cities. The Devendra Fadnavis-led Maharashtra government has identified land to build the state’s first detention centre for illegal immigrants, Mumbai Mirror reported on Saturday. The home department last week reportedly wrote to the City and Industrial Development Corporation, which is the planning authority for Navi Mumbai, and sought a three-acre plot in...

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West Bengal Assembly rules out NRC -Shiv Sahay Singh

-The Hindu House passes a resolution opposing NRC in Assam In an unprecedented show of unity, the West Bengal Legislative Assembly on Friday passed a resolution opposing the National Register of Citizens ( NRC) in Assam. The resolution also categorically ruled out the possibility of any such exercise in the State. The development comes within a week of release of the final list of NRC, in which over 19 lakh people have been...

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