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 […]
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 […]
In response to the surging demand for consumer goods during the festive season, the Centre issued a directive on Thursday urging white goods manufacturers and sellers to reassess their warranty or guarantee policies. Consumer Affairs Secretary Rohit Kumar Singh penned a wrote to six industry bodies, including CII, FICCI, Assocham, and PHDCCI, along with major […]
The prices of various basmati paddy varieties are currently experiencing an upswing compared to last year, thanks to the Centre government’s recent decision to reduce the minimum export price (MEP) of basmati rice to USD 950 per tonne. This move has significantly bolstered the export prospects for aromatic rice. In the Karnal mandi, located in […]
Measures such as restrictions on certain imports, the implementation of a production-linked incentive scheme and the enforcement of mandatory quality norms are proving effective in reducing the influx of non-essential products like TVs, tires, wallpaper, and AC gas compressors into the country, news agency PTI reported. These strategic steps, including antidumping and countervailing duties, aim […]
In a bid to alleviate the impact of escalating onion prices on consumers, the Central government announced on Saturday that Mother Dairy’s Safal outlets will sell buffer onions at a subsidized rate of Rs 25 per kg in Delhi-NCR starting this weekend. Simultaneously, the Hyderabad Agricultural Cooperatives Association will undertake similar initiatives in Telangana and […]
The talks between India and Canada for a free trade agreement are on a pause as the latter stopped discussions due to some misconceptions, Union Minister Piyush Goyal said in one of the leadership summits organised by a leading media company. “There are some misconceptions among some Canadian politicians, which are baseless,” said Goyal at […]
The central government has extended the date of inviting fresh applications under the production-linked incentive (PLI) scheme for textiles up to December 2023. In view of the requests from the industry stakeholders, the Ministry of Textiles had earlier decided to re-open the PLI portal till August 31, 2023, to invite fresh applications from interested companies […]
The Centre government has decided not to sell its significant shares in ITC. ITC is India’s top firm with ventures ranging from cigarettes to hotels. As per reports in the media, the government’s shares are protected by the Specified Undertaking of the Unit Trust of India (SUUTI). Currently, SUUTI holds a 7.87 per cent equity in ITC, […]
Goods and Services Tax (GST) collections for October stood at Rs 1.72 lakh crore, which is the second highest ever, according to an official statement issued by the Finance Ministry on Wednesday. “The gross GST revenue collected in the month of October 2023 is Rs 1,72,003 crore, out of which Rs 30,062 crore is CGST, […]
