To tax or not to tax mineral rights in India? SC to hear pleas on May 20
Previously, a nine-judge bench ruled states hold this power, dismissing review pleas. The Centre’s curative petition seeks reconsideration of this verdict.
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Energy shock strains India's growth: S&P
The conflict could also affect freight, insurance, and fertilizer costs. India’s GDP growth is projected to moderate. Policy priorities include energy and food security, and economic reforms. Fiscal consolidation faces challenges as debt-to-GDP ratio may rise.
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Top private hospitals may drop out of government health plans
While hospital chains have not announced that they are limiting their participation in government health programmes, Max Healthcare, Narayana Health, Fortis Healthcare and HealthCare Global are among those that have reported revenue impact and highlighted challenges in managing these schemes.
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Power ministry to seek Cabinet nod for ₹20,000 crore carbon capture scheme by July
This initiative aims to reduce emissions from crucial industries like power, steel, and cement. The scheme will support decarbonisation efforts and help balance energy needs with climate goals.
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RBI introduces specific turnover thresholds for money changers
The Reserve Bank of India has introduced new rules for the money changing sector, emphasizing banking principles and setting a ₹10 crore annual turnover threshold for authorized dealers. The central bank is tightening oversight by shifting responsibility to principal authorized…
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RBI may have to bear forex risk to boost foreign money inflows
India may need central bank support to attract dollar investments, potentially through forex deposit schemes, to cover exchange risks and offer competitive yields. Economists suggest higher subsidies from the RBI might be necessary to make such initiatives attractive for banks,…
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