ECONOMY
The central authorities has raised the curiosity on two small financial savings scheme for January-March 2024 by 10-20 foundation factors. Whereas the rate of interest on three-year time deposit has been elevated by 10 foundation factors to 7.1 per cent from 7.0 per cent, the curiosity on the Sukanya Samriddhi Account Scheme has been hiked … Read more
Because the 12 months 2023 attracts to a detailed, two key macroeconomic indicators — fiscal deficit and core sector output development—launched on Friday offered a sturdy image of the financial system, an indication that the Centre’s balancing of a capex-led development technique with fiscal consolidation imperatives has paid dividends this 12 months. The fiscal deficit … Read more
GST officers have been given extra time to situation demand notices for discrepancies in annual returns for 2018-19 and 2019-20 monetary years. On Thursday, the federal government prolonged the deadline on this regard for 2018-19 fiscal to April 30, 2024 and for 2019-20 fiscal to August 31, 2024. A notification has been issued by the … Read more
The ‘carbon border adjustment mechanism’ (CBAM) — a carbon levy that the EU has applied since October 1 on imported items — is also seen as a blessing. India can enhance its exports to the EU (as a result of it’s cheaper to cut back carbon dioxide emissions in India), says Arun Kumar Garodia, Chairman, … Read more
Indian aviation is about to witness an enormous gameplay within the worldwide phase in 2024, based on aviation consultancy agency CAPA India. Market leaders IndiGo and Air India will shift focus gears to the worldwide phase. On the one hand, IndiGo, which is dominating the home market, will goal a management market share in worldwide … Read more
New Delhi The federal government is hopeful of popping out with the proposed nationwide e-commerce coverage very quickly as it’s within the last levels of debate, Commerce & Business Minister Piyush Goyal has mentioned. The Division for Promotion of Business and Inside Commerce (DPIIT) has been engaged on the proposed coverage for lengthy and has … Read more
The Central Board of Direct Taxes (CBDT) on Thursday issued pointers deduction of 1 per cent earnings tax of the gross quantity of sale of products or providers by e-commerce firms in a multiple-operator mannequin framework. At present, Part 194-O of the Revenue Tax Act, 1961 supplies that an e-commerce operator shall deduct earnings tax … Read more
India ought to give attention to leading edge analysis and growth to extend cotton productiveness and farmers’ earnings, the nation’s prime agricultural scientists and specialists mentioned at a nationwide convention on “Pioneering the way forward for cotton analysis” in Salem, Tamil Nadu. The convention was organised by Rasi Seeds as a part of its Golden … Read more
As winter takes maintain, India’s tourism trade is experiencing a notable surge in inbound journey signalling a robust rebound. Journey corporations, together with ixigo, EaseMyTrip and Cleartrip, have witnessed a considerable year-on-year will increase starting from 22 per cent to 62 per cent. Ixigo witnessed a 62 per cent surge in bookings and searches in … Read more
India noticed a surge in metal shipments from China, up practically 50 per cent on a year-on-year foundation to 1.34 million tonnes (mt), and a 500 per cent rise in choices from Vietnam to 0.5 mt – supposedly a rustic via which extra Chinese language imports had been being routed – led to a sectoral … Read more