Government Cuts Import Duty on Lentils
The government has decreased import duty on lentils to nil for countries such as Australia and Canada and have cut it to 22 per cent...
Category : ECONOMY
India Reduces Tax on Crude Palm Oil
India has decreased its tax on crude palm oil (CPO) imports to 5 per cent from 7.5 per cent, the government said in a release....
Government Held Inflation at 6.2%, Says FM
Finance Minister Nirmala Sitharaman said that the retail inflation was contained at 6.2 per cent even after the Indian economy suffered the most significant contraction...
RBI Projects India GDP Growth Rate at 7.8% for FY23
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday projected India’s economic growth for the financial year 2023 (FY23) at 7.8 per cent. The...
India Signs Deal to Export 4.6 Million Tonnes Sugar, Says AISTA
Indian mills have signed agreements to export 4.6 million tonnes of sugar in the marketing year 2021-22 without government subsidies, the All India Sugar Trade...
Sitharaman Clarifies Education Cess Not Deduction
FM Sitharaman clarified that a suggested amendment in the Budget related to the education cess must be included to be impartial to all taxpayers. The...
Centre to Form Panel on MSP
The Centre is forming a panel on Minimum Support Price (MSP). The Election Commission has said it can be done after the polls are over,...
GCIL Approves Investments Worth Rs 677 Cr for Transmission Projects
Power Grid Corporation (PGCIL) on Thursday said its board had approved investments worth Rs 677.59 crore for transmission projects. The ‘Committee of Directors on Investment...
India’s Services PMI Drops to 51.5 in January
India’s services sector Purchasing Managers’ Index (PMI) in January was recorded at 51.5, dropping from December’s 55.5 as new businesses grew at a slower rate...
Budget ‘People-Friendly, Progressive’, Will Give Wings to Ambitions of Youth: Modi
Hailing the 2022 Union Budget as “people-friendly” and “progressive”, Prime Minister Narendra Modi Tuesday said the Budget brings with it new energy and strength to...