India’s trade dynamics saw notable shifts in the calendar year 2023, with imports from China experiencing a 3 per cent decline, according to the Commerce and Industry Ministry. Conversely, exports to both China and the European Union (EU) saw positive growth, rising by 7.1 per cent and 2.1 per cent respectively during the same period. […]
The collection of Goods and Services Tax (GST) in March 2024 increased by 11.5 per cent on an annual basis, amounting to Rs 1.78 lakh crore, which is the second highest since its implementation in July 2017. This increase can be attributed to a significant rise in GST collection from domestic transactions, which increased by […]
Oil marketing companies reduced the prices of 19 kg commercial cylinders and 5 kg FTL (Free Trade LPG) cylinders, said sources. The price has been reduced by Rs 30.50 for a 19-kg commercial cylinder. From 1 April the price in Delhi has been fixed at 1764.50, said sources. The price of the 5kg FTL cylinder […]
Exporters in India are intensifying their calls for an exemption from the recently implemented 45-day payment rule for goods purchased from micro and small enterprises (MSEs), citing potential adverse effects on their operations. In a collective appeal addressed to Prime Minister Narendra Modi, leaders of prominent export promotion councils and the Federation of Indian Export […]
Only five per cent of those looking to purchase a four-wheeler in the country are likely to buy an electric car this year, according to a survey. The survey, based on the responses of 40,000 people from across 319 districts, also found that more than half of the “existing or prospective car owners” are willing […]
Kunal Bahl, Chairman CII National Startups Council and co-founder of Snapdeal and Titan Capital, has said that Indian startups which were earlier “bringing” business models of other countries and replicating those in India, are now increasingly solving the nation’s problems or tapping into India’s opportunities. “Founders were earlier bringing those models to India and investors […]
In India, sectors like petroleum, chemicals, fertilisers, and grains experienced notable disruptions, influencing both domestic manufacturing and global commerce The Red Sea crisis, now stretching over 100 days, continues to wreak havoc on global trade as commercial ships navigate treacherous waters to evade potential threats posed by Houthi rebels of Yemen. With vessels steering clear […]
A surge in spiritual tourism has resulted in a retail boom in holy towns spanning areas like as fashion and clothing, food and drinks, hypermarkets, homeware and department stores, and consumer electronics, according to a CBRE South Asia research. The report identifies Amritsar, Ajmer, Varanasi, Katra, Somnath, Shirdi, Ayodhya, Puri, Tirupati, Mathura, Dwarka, Bodh Gaya, […]
In February, credit card spending in India surged by 26 per cent year-on-year (YoY) reaching Rs 1.5 lakh crore as per data from the Reserve Bank of India (RBI). This growth occurred despite some restrictions on business payments and increased risk associated with retail lending. With the rise in credit card transactions, brokerage firms are […]
The global vegetable seeds market, valued at approximately USD 8 billion in 2022, continues to expand, driven by increasing demand for diverse vegetable varieties worldwide. According to S&P Global Commodity Insights (GCI), India stands prominently among the top players in this sector, alongside countries such as China, Japan, and the United States. The vegetable seeds […]
