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Economy
NITI Aayog’s Export Preparedness Index 2022 ranks Tamil Nadu first, Gujarat fourth.
NITI Aayog's Export Preparedness, Policy, business ecosystem, export ecosystem, and export performance determine the ranking.
India and UK negotiating IPRs, rules of origin under proposed FTA.
India and UK negotiating FTA IPR and rules of origin problems. UK agreement discussions are in their 11th round. Trade negotiations began in January 2021.
Rice crops are in danger from El Nino, and the Ukraine crisis is already squeezing grain supply.
This year’s El Nino may amplify other woes for rice-producing countries, such as reduced availability of fertilizer due to the war and some countries’ export restrictions on rice.
GST Council Meet 2023: Utility vehicles to attract 22 per cent cess
NEW DELHI: The GST Council in its 50th meeting on Tuesday decided to do away with the differential rate of compensation cess on utility vehicles, and bring all such vehicles under the 22% rate. This necessarily means that multi-utility…
‘High tomato prices inflate potato, onion rates’
Furthermore, among vegetables, the prices of the three key vegetables -tomato, onion and potato- are highly volatile.
TCS to train 25,000 engineers in GenAI
Nearly all executives (96%) recognise that generative AI is a key topic in the boardroom, with the majority confirming that their leadership are strong advocates.
Government’s total debt crosses 156 lakh crore by Mar ’23; up 11 per cent from previous year
The Central government’s total debt comprises three large components – internal debt, external debt and other liabilities comprising small savings deposits, state provident funds, etc.
Core sector industries’ output grows 4.3 per cent in May
The eight core sector industries slowed down to 4.3% in May as compared to the same month last year when this sector grew at 19.3%.
BigBasket loss widens to Rs 1,535 crore in 2022-23
Tofler said the loss of BigBasket increased by 89 per cent, implying the company had posted a loss of around Rs 812 crore in 2021-22.
No tax collection at source on overseas credit card spends
This would mean that transactions through international credit cards while being overseas would not be counted as LRS and hence would not be subject to TCS, the ministry said.
12 states get Rs 66,413 crore for reforms in power sector
West Bengal received the highest amount of additional borrowing permission for 2021-22 and 2022-23.
Pension panel holds meeting with state officials
Finance Minister Nirmala Sitharaman in April had set up a committee under finance Secretary Somanathan after many non-BJP-ruled states said they would revert to the old pension scheme.
Spike in tomato prices temporary phenomenon; prices will cool down soon: Govt official
According to the data maintained by the Department of Consumer Affairs, the average price of tomato on an all-India basis is Rs 46 per kg on June 27.
India’s exports of spices saw big jump of 41% in rupee terms in April-May
During April-May 2023, exports of spices and spice products were worth Rs 6702.52 crore ($815.39 million) compared to Rs 4746.85 crore ($618.63 million) during the same period in the previous year
Govt has no plans to dilute stake in LIC, says top official
“The centre has no plans to sell its stake in LIC. However, we are conducting non-deal roadshows to connect with the potential investors,” the official said.
Electricity to cost 20% more during peak hours from April ’25
The power ministry on Friday announced two changes in the Electricity (Rights of Consumers) Rules – introduced Time-of-Day (ToD) tariff, and rationalization of smart metering provisions.
No decision on govt employees’ pension scheme yet; panel to meet on June 28
The government hasn’t yet taken any decision to make changes in the National Pension System (NPS), a top government source told this newspaper.
LIC Mutual Fund to acquire all schemes of IDBI Mutual Fund
The Asset Under Management (AUM) of LICMF current stands at Rs 19,700 crore while IDBI Mutual Fund manages assets worth Rs 3,800 crore.
India’s power shortage for June soars as demand peaks
Demand will continue to stay elevated, and it could even breach the previous high of 223 GW, as per ministry officials
Seafood exports rise all-time high to USD 8 billion in 2022-23
In volume terms, the exports increased to 17,35,286 tonnes in the last fiscal against 13,69,264 tonnes in 2021-22.