Direct Tax-GDP Ratio Grows Times Two for FY 2024-25
The Indian economy is gradually recovering, and when analyzing citizens’ contributions to overall output, the direct tax-to-GDP ratio for FY24 reached 2.12, up from 1.18...
Category : ECONOMY
Dearness Allowance Hike Expected Ahead of Diwali
Prior to Diwali, the Union Cabinet, presided over by Prime Minister Narendra Modi, is expected to approve a 3% hike in the dearness allowance (DA)....
GST GoM to Meet to Discuss Rates for Food, Textiles, Footwear
The Group of Ministers (GoM) responsible for streamlining the structure of the goods and services tax (GST) will convene on 20 October to discuss ideas...
SEBI Revises Debt Issuance Rules: Key Changes for Companies
Debt investment managers indicate that the Securities and Exchange Board of India’s (SEBI) recent amendment, issued on 18th September, updates the 2021 regulations for companies...
RBI Keeps Repo Rate Unchanged at 6.5%, Changes Stance to Neutral
The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5% but has shifted its stance to...
RBI Looking to Cut Interest Rates During the October Policy
It is anticipated that the Reserve Bank of India (RBI) would keep the repo rate, which is the rate at which it lends to banks,...
India Signs MoU with US to Grow Critical Minerals Supply Chains
A Memorandum of Understanding (MoU) has been struck by the US and India to broaden and diversify vital mineral supply chains. The MoU aims to...
Rice Prices Slump as India Eases Export Curbs
Rice prices fell the most in Asia in more than 16 years as concerns over supply eased after India lifted some export restrictions. The price...
India’s Factory Growth Slowed to an Eight-Month Low in September: PMI
India’s factory growth slowed to an eight-month low in September 2024, with the HSBC final India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global,...
RBI Sells Bonds for 11th week, Longest Streak in Nearly Three Years
Data published on Friday indicated that the RBI sold bonds worth 11.95 billion rupees (about USD 161.85 million) in the week ending September 20, bringing...