India cut the windfall tax on diesel and crude oil on Thursday, according to a government notification. The government cut the windfall tax on crude oil to Rs 6,300 a tonne from 9,800 rupees a tonne while cutting the diesel windfall tax to 1 rupee per litre from Rs 2 per litre, the notification said. […]
Ministry of External Affairs Official Spokesperson Arindam Bagchi has said the India-UK Free Trade Agreement (FTA) was discussed during External Affairs Minister (EAM) S Jaishankar’s meeting with UK Prime Minister Rishi Sunak on his recent visit to the country. “The EAM discussed the FTA with the UK PM and the newly sworn-in foreign secretary. There […]
Reserve Bank of India(RBI) has flagged the high growth in certain components of consumer credit and has advised banks and non-banking financial companies (NBFCs) to strengthen their internal surveillance mechanisms, address the build-up of risks and institute suitable safeguards. On a review, it has been decided to increase the risk weights with respect to consumer […]
As a part of Government of India initiative for market intervention to control the retail price of rice, wheat and atta, weekly e auctions of both wheat and rice are organized. The 21th e-auction was held wherein 3 LMT wheat and 1.79 LMT rice was offered under Open Market Sale Scheme (Domestic) and 2.84 LMT wheat along […]
Despite a decline in retail inflation to a four-month low of 4.87 per cent in October, India’s food inflation continues to exceed New Delhi’s “comfort” level, as indicated by a government official on Wednesday. The country’s retail inflation is approaching the central bank’s target of 4 per cent, a prerequisite for initiating rate reductions, the […]
During this year’s Diwali festivities, there was a noticeable shift towards a more environmentally friendly spirit, with companies actively choosing sustainable and eco-friendly gifts for their employees, revealed Varun Moolchandani, Executive Director of Archies and Tarun Joshi, CEO and Founder of IGP. “There has been an upsurge in the Diwali corporate gifting trends towards more […]
India’s overall exports, merchandise and services combined, in October are estimated to be USD 62.26 billion, exhibiting a positive growth of 9.43 per cent on a yearly basis, official data released on Wednesday showed. Major contributors to export growth in October 2023 include drugs and pharmaceuticals, engineering goods, electronic goods, cotton yarn/fabs/made-ups, handloom products, iron […]
Usually, during marketplace sales, direct-to-consumer (D2C) brands see a dip in order volumes on their websites. However, this year, brands on the GoKwik network saw a reverse trend. There was a massive surge in order volumes on their platforms during the peak marketplace sale period this year, a unique turnaround in the ecommerce industry from […]
Tesla Inc is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platform X. “Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double […]
The central government is soon going to announce the long pending ecommerce policy and rules for ecommerce business in the country. In a meeting with Union Commerce Minister Piyush Goyal and Secretary General of CAIT on Diwali day at his residence, Goyal said that both these documents are ready & will be notified immediately after […]
