India’s online gaming industry has received show-cause notices amounting to Rs 1 lakh crore say sources. The notices come even as the Industry has raised concerns on the applicable GST Rates. The government has asserted that a 28 per cent GST rate should have been in place starting from 1 October, as per the law. […]
India is expected to cut the floor price it has set for basmati rice exports, government and industry sources said on Tuesday, after farmers and exporters complained it was damaging trade. The government is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to USD 950 per metric ton […]
The Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry has been actively engaged in identifying key products for the issuance of Quality Control Orders (QCO) in collaboration with the Bureau of Indian Standards (BIS) and industry stakeholders. This extensive effort has resulted in the development of over […]
Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution Piyush Goyal lauded industry bodies of the textile sector for their initiative in organising Bharat Tex 2024- the world’s biggest ever textiles event in the world. He was presiding over the curtain raiser event for the show at Vanijya Bhavan, New […]
The North Eastern Region’s largest dairy cooperative, Purabi Dairy, announced on Friday that it would release Rs 147.91 lakh as an additional milk procurement price to the farmers of the state. West Assam Milk Producers’ Co-operative Union Ltd (WAMUL), which operates the Purabi brand, informed that the decision will benefit thousands of dairy farmers as […]
The Indian government has made significant policy decisions aimed at maintaining food price stability and ensuring food security within the nation. These measures have been introduced in response to the evolving global and domestic food market landscape. Sanjeev Chopra, Secretary Department of Food and Public Distribution said, “We have roughly 57 lakh tonnes of stock […]
In a significant development meant to provide relief to consumers and companies, the government has announced a cut in windfall taxes on important petroleum products, including crude oil, aviation turbine fuel (ATF), and diesel. The country’s fiscal policy will alter with the implementation of these tax cuts tomorrow. The windfall tax on petroleum crude would […]
India raised the price at which it buys locally produced new-season wheat by Rs 150 or 7 per cent to encourage farmers to expand the growing area as New Delhi tries to increase production. India, the world’s second-biggest wheat producer, sets a price each year to protect domestic farmers from distress sales and stock grain […]
Union Minister Prahlad Patel on Wednesday said that the second edition of the global mega food event, World Food India 2023, will be held from 3-5 November 2023 at Pragati Maidan in Delhi. The event will be inaugurated by Prime Minister Narendra Modi on November 3, and President Droupadi Murmu will present the valedictory address […]
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved an increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for the 2024-25 marketing season. The government through its agencies procures crops from farmers at the support price. The highest increase in MSP has been approved for lentil (masur dal) […]
