Finance Minister Nirmala Sitharaman targets rising retail participation in Futures and Options trading with new STT hike According to a report by PTI, Finance Minister Nirmala Sitharaman has proposed an increase in the securities transaction tax (STT) on futures and options (F&O) trading, aiming to discourage retail investors from participating in these high-risk instruments. In […]
Government’s Union Budget 2024 garners positive reactions for boosting consumption, supporting MSMEs and empowering workforce The recently announced Budget 2024-25 has received acclaim from leaders in the retail industry for its balanced approach, focusing on both populist measures and progressive policy initiatives. Key stakeholders have highlighted the budget’s potential to stimulate consumption growth, support MSMEs […]
During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions and supply disruptions contributed to rising inflationary pressures globally The Economic Survey 2024, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on Monday stated that despite the pandemic and geopolitical tensions, the Central Government’s timely policy interventions and the Reserve Bank of India’s price […]
The new rules will not be applicable to the packaged commodities meant for industrial or institutional consumers The government will make it mandatory for manufacturers of all products sold in retail to mention key details about their contents on the packaging, irrespective of how much they weigh. Currently, packaged products above 25 kg sold in […]
The Ministry of Consumer Affairs, Food & Public Distribution said the sowing of onion crops is estimated to rise 27 per cent in the kharif (summer-sown) season The government on Friday said the availability of onion in the domestic market is comfortable and retail prices are stabilising. As reported by PTI, in a statement, the […]
900 national and international brands are anticipated to participate on 1, 2 and 3 July 2024, at Biswa Bangla (Milan Mela), Kolkata The 56th Garment Fair and B2B Expo is being held over three days on 1, 2 and 3 July 2024, at Biswa Bangla (Milan Mela), Kolkata. This event is organised by the West […]
The above-normal monsoon forecast brings hope for improved Kharif production The government has bought nearly 71,000 tonnes of onion so far this year to add to its buffer stock. It has set a target of procuring five lakh tonnes of onion for price stabilisation and expects retail prices to ease as the monsoon progresses over […]
Strong performance in textile and apparel exports bolsters India’s overall trade growth in May 2024 India’s textile exports witnessed a significant growth of 9.59 per cent in May this year compared to the same month in the previous year, overcoming unfavourable economic conditions in major markets such as the European Union (EU), the US and […]
The central government has authorised the export of 99,150 MT of onions to six nations: Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision follows projections of lower Kharif and Rabi onion crops for 2023-24 compared to the previous year, coupled with heightened international demand. To facilitate this export, the National Cooperative Exports Limited […]
Union Minister Jitendra Singh on Sunday stated that India’s startup landscape has undergone a remarkable evolution under Prime Minister Narendra Modi’s leadership. He highlighted a staggering growth, with the number of startups soaring from around 350 in 2014 to an impressive figure today, establishing India as the third-largest startup ecosystem globally. Singh underscored PM Modi’s […]
