Atul Chaturvedi, the Chairman of Renuka Sugar revealed that the anticipated sugar production for the country is likely to surpass 32.0 million tons, a figure higher than earlier projections. Sugar prices to hold firm amidst surge in production during off-peak season This comes amidst stable domestic sugar prices and anticipation of government intervention to maintain […]
“We will eliminate the “angel tax” and all other exploitative tax schemes that inhibit investment in new micro and small companies and innovative startups,” says Congress Ahead of crucial general elections, the Congress party, India’s main opposition in its manifesto has proposed a tax relief on micro, small and medium enterprises (MSMEs) owned by individuals […]
The Reserve Bank of India has proposed cash deposits in banks through the Unified Payment Interface (UPI) mechanism. RBI has also proposed making UPI payments through Prepaid Payment Instruments (PPI) wallets. Announcing the monetary policy outlook, RBI Governor Shaktikanta Das said, “Deposit of cash through Cash Deposit Machines (CDMs) is primarily being done through the […]
The cost of a vegetarian thali became dearer by 7 per cent in March primarily due to the rise in onion, tomato, and potato prices, an arm of domestic rating agency Crisil said on Thursday. A cool down in poultry prices led to a 7 per cent decline in non-vegetarian thali, Crisil Market Intelligence and […]
India has allowed a limited quantity of onion exports to the United Arab Emirates (UAE), defying the extended ban on onion exports imposed until further notice. The Ministry of Commerce and Industry, through the Directorate General of Foreign Trade (DGFT), issued a notification on Wednesday, permitting the export of an additional 10,000 metric tons (MT) […]
The latest report from Worldline has unveiled divergences in the trajectories of digital transactions in India. While UPI transactions have surged by 56 per cent year-on-year (YoY) in H2 2023, card transactions saw a modest growth of 6 per cent. Startling revelations have emerged regarding the digital payments landscape in India for the latter half […]
The rating agency Icra has said that India’s apparel exports are likely to grow by 8 to 9 per cent in the financial year (FY) 2025, benefitting from the low base and with replenishment of stock in the United States (US) and the European Union (EU) regions. Following the tepid demand environment in FY24, Icra […]
The Food Safety and Standards Authority of India (FSSAI) has issued a directive to all ecommerce companies, urging them to refrain from labelling dairy-based, cereal-based, or malt-based beverages as ‘health drink’ or ‘energy drink’. This move comes in response to the absence of a defined classification for ‘health drink’ in the country’s food laws, and […]
India witnessed a significant surge in March in sunflower oil imports, soaring by 51 per cent compared to the previous month, reaching the second-highest level on record. This increase was primarily attributed to lower prices, compelling refiners to boost their purchases of sunflower oil while decreasing their procurement of rival palm oil, according to the […]
India’s insatiable wanderlust and burgeoning travel enthusiasm are driving a significant surge in online travel luggage and gear sales, transforming the landscape of travel accessories shopping. With an increasing number of Indians embracing travel as a lifestyle choice and seeking new adventures both domestically and internationally, the demand for stylish, functional, and innovative travel gear […]
