Browsing Category
Economy
Govt exempts LPG imports from agriculture cess
The Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agriculture Infrastructure Development cess effective September 1
Modi urges B20 delegates lifestyle and enterprises should be eco-friendly
The Green Credit Programme is an initiative that was proposed by the Ministry of Environment and Forests with the purpose of "encouraging environmentally conscious practises and promoting a sustainable way of life."
Research predicts global inflation pressures may become harder to handle
The majority of the world's population is getting older, and statistics show that older people are less likely to continue working. These changes have the potential to serve as supply shocks, comparable to the shortages of products and…
FM Nirmala Sitharaman denies lowering electric vehicle import tariff.
The Indian government did not agree with Tesla's proposal that import taxes be lowered on the company's automobiles and hence denied the request.
Indian real estate industry to grow 12-fold to $5.8 trillion by 2047: Report
It is anticipated that India would have an economy of between 33 and 40 trillion United States dollars by the time it celebrates its centenary of independence in the year 2047.
Private investments picking up: Finance Ministry
The private sector project announcements during the quarter were up 11.6% against the corresponding period of the previous year.
Centre says India’s coal stock ‘sufficient’ to meet power demand
The government says nearly 80 million tonnes (MT) of coal is available with thermal power plants and Coal India Limited.
Lower tax for employees staying in company-provided rent-free homes
The change in calculation will lead to higher take-home salary for employees living in rent-free accommodations.
Inflation containment measures on track; No plans to cut taxes on fuel: Govt official
The official further denied the reports claiming that the Centre is planning to lower taxes on fuel, ease import tariffs on cooking oil and wheat.
Bankruptcy talk in China’s reality developer Country Garden, fears of wider economic…
BEIJING: Danger bells are mounting in China around Country Garden, a major property developer whose colossal debt raises fear of a bankruptcy that could spell wider economic turbulence, two years after the unravelling of its competitor…
Russian ruble falls below 100 against dollar for first time since March 2022
Moscow: The ruble could sink further to 115-120 per dollar, MOSCOW: The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine.
The…
Global food prices rise after India restricts rice exports and Russia ends grain deal
Local food prices are still rising in many developing countries because their currencies have weakened against the dollar, which is used to buy grain and vegetable oil.
Indian bond market unaffected by US downgrading
The downgrade by the US has had no significant effect on the Indian bond market. According to the opinions of several experts, the path that bond yields will take can be predicted based on domestic factors such as the trend of inflation and…
Industry players fear 28% GST on internet gambling will hurt the industry
GST of 28% for online gaming, Online gaming will be significantly impacted by this, according to industry players. After six months, the GST Council will reevaluate the application of the 28% GST to casinos and online gaming.
Crude import from Saudi Arabia falls to multi-year low
India, world’s third-largest crude importer, has increased its purchases from Russia following the war between Russia and Ukraine in February 2022.
India’s per capita income to rise 70% to USD 4,000 by FY30: Report
According to the report, India's per capita income is anticipated to increase by approximately 70 percent to USD 4,000 by FY30. According to the findings of the study, the second most important factor in economic expansion will be household…
Indian firms can directly list overseas via IFSC: Finance Minister
Finance Minister Nirmala Sitaraman has stated that Indian companies can easily list overseas via the IFSC. At the moment, companies can only list their stocks on overseas markets by utilising American Depository Receipts or Global…
Government may raise Rs 16,000 crore via green bonds in FY24
When asked if the Centre is planning to give any tax benefits to foreign investors to buy green bonds, the official said India will not give any tax benefits on green bonds.
India-Japan semiconductor manufacturing ecosystem agreement
India and Japan have signed a memorandum of understanding to collaborate on the chip manufacturing environment. The announcement of the cooperation follows the major US-based semiconductor company Micron Technology's announcement that it…
Rich-poor division might exacerbate developing world poverty: World Bank chief
Ajay Banga, World Bank president, said developing nations had the biggest ratio of young people, but that was only an opportunity if they could access education and work.